Please watch this tutorial https://www.youtube.com/watch?v=TlB_eWDSMt4
It will help you tremendously.
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On first look, it ll looked easy until the errors start popping up! I’m still stuck at connecting my kovan wallet! Can someone help me look in the right direction?
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Thanks man. Helped a lot! Got into the folder and was running npm install
But now, I got a lot of error messages:
Any ideas?
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Try using this link: https://oasis.app/borrow?network=kovan
You are on the official oasis website, not the kovan testnetwork. Had the same issue
Cheers
Alex
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Your Metamask needs to be on the Kovan network as well:
Click on the fox. Klick on the arrow and change to the Kovan test network:
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My problem is even though I change the network clicking the MM icon, when I connect a wallet, the main net is automatically selected for confirmations and I have no clue how to change that!
I appreciate your efforts to explain in detail and am thankful to you and the community.
Edit: Apparently Brave had an inbuilt wallet which was by default chosen.
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Currently I help run the family business and we have an online store running through Shopify - recently they had a webinar detailing all of the new changes they are making. One I found interesting is that they are now offering finance solutions for businesses that probably wouldn’t have much of a chance getting finance through a traditional banking service and they are offering it with very little paperwork behind it. While I personally am not taking them up on their offer, I found it interesting that they are also getting into the finance space and I also found it interesting to think about as I learn more about the financial world, blockchain, crypto and DeFi.
The fundamentals behind Shopify offering “assistance” to businesses, that the bank wouldn’t probably consider in our current economic situation (as they are tightening their lending criteria), are that Shopify can see how your store is performing directly and using their large array of analytics mechanisms, they can decide who is a safe bet for getting their money back and who is not. I found myself thinking a lot about this now that I have learned a lot more about the DeFi space through the DeFi 101 course.
Anyway,my interest in this space at this stage is learning everything I can and learning to program, so while this is an interesting thought (to me at least) I thought I would put it out there, as requested, to help the whole community and anyone this idea might help. Where does my head go with this? If Shopify can assess people with analytics, then surely analytics of certain entities (online businesses, stores - anyone with a bottom line I guess) can help to assess the lending risk. Certain data sets about businesses can be required for input to a Smart Contract lending scenario, where it could be paired with some form of CDP to allow assessment dependent leverage or something like that. Sorry if that makes no sense, but in my head I can see lending to businesses being facilitated well with blockchain technology, I’m just not sure how yet as this is all rather new to me.
Instead of requiring 150% CDP, perhaps comprehensive analytics could provide a risk score (as a percentage) and then that percentage could be used as the portion of CDP required
e.g. risk score of 20% = 30% CDP (20% of the 150% currently required)
or as a safer option, the inverse amount of the risk score could be used to reduce the 150% CDP amount (as a whole number not a percentage), so even with a 0% risk score, 50% CDP would still be required (150% - 100 [inverse of 0%]) meaning there is always some sort of liquidity pool, even with minimal risk borrowers.
Again just thinking aloud, if anyone likes the idea or can do something with it, make sure you remember me when you’re making it rain haha
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Interesting though Cryptocrom,
It basically comes down to the idea of borrowing money/crypto with a smaller collateral (or no collateral at all). I think this is inevitable, but will take time. The better a company is in determining the creditworthiness of an individual or company, the easier it will be for them to provide crypto with small collateral.
The shop systems (e.g. shopify), you have mentioned, could be one good example. I can also see payment providers, such as Stripe (which actually offers the shopify payments solution) could be another. They have a lot of experience in risk assessment, both of their customers and of transactions in general as well. Knowing some payment providers from my consulting work, there is still a long way to go for the adoption of DeFi instruments 
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Looks there are some issues with the dependencies, a bit more difficult to debug…
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Thanks Anar for your help! I appreciate it a lot. And I have learned a lot anyway.
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Thanks for the feedback, definitely early days but I think with the rate of technology growth and the desire for more and more decentralisation, there will defnitiely be a place for defi in this area soon. Kind of kicking myself that I didn’t discover blockchain and decentralisation sooner - such an exciting area to be in but so much has happened already (even if it is still early days). I still have so much to learn!!!
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Thank you for this class. DeFi was always a big mystery for me because of all the pieces and fast development. But I think I finally get a grasp on it.
Also I just realise how cool it is to use the test-net to try the DeFi apps. Playing around with compound right now 
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I got to admit i have to watch all the tutorials in this section all over again and read up on defi ecosystem in more depth, my progress is very slow due to busy household with 3 kids off school, it’s quite frustrating that i finally found something that i want to do in this life and everything and everyone is trying to hold me back. Thank you, Amadeo for your help!
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Hi! I was reading this article. Maybe can be useful.
https://finance.yahoo.com/news/why-makerdao-consider-negative-interest-130000818.html
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Hi Amadeo, really enjoing your Defi 101 course. I have a problem trying to add founds to my metamask wallet, my Svp won’t allow me to send eth to metamask saying that the eth address doesn’t look right. When I want to buy with wyre they won’t send me the confitmation code via email or sms. Why? How can I solve this issue? Thank you
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Hi Amadeo…
I decided to use the mainnet with 0.5 eth…!?
I sent my 0.5 eth from my ledger to metamask,then from meta,to oasis…!
There´s going to be more posted just getting my ¨neck round it¨. 
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I was thinking about different arbitrage opportunities as well. This one sounds good in theory but I don’t trust the credit card companies. They usually have some fine print with the 0% interest rate where they will make sure they win out in the end. There has to be better Arbitrage situations where its a straight Crypto Exchange Vs. Crypto Exchange. That would be cleaner.
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Where my mind immediately goes, is investment opportunity. I can’t wait until there’s a platform where we can invest our Day (etc.) into new projects that we want to see get off the ground. A decentralized stock market would be so so so so so sweet.
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Also, this course is mind-blowing. I haven’t really put in too much money, but I’m just observing everything. Funds are tight!
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