
First, watch our short intro video to get an overview of the background, goals, content, etc. of the DeFi course.
In this module we lay the foundation for the rest of the DeFi course! We look at different definitions of DeFi, examine the differences between DeFi and TradFi (traditional finance), and take a look at the history and development of DeFi. A brief overview of all the different DeFi categories should not be missing here.
This is the core module of the DeFi course, in which we deal with the individual DeFi building blocks, the different incentive structures of DeFi projects, various governance approaches, etc. We will later illustrate the concepts discussed here using concrete examples in the three Deep Dive modules.
If you already have your own wallet installed, then you can safely skip this module of the DeFi course. If not, then we will set up your MetaMask wallet together, which we will use later in our practical examples.
Welcome to the world of decentralized exchanges! First, I will explain you in detail how the famous Decentralized Exchange Uniswap works. We look at fundamental DeFi concepts such as Automated Market Maker and Impermanent Loss. And of course we'll try the exchange directly on-chain ourselves and create a few LP (Liquidity Provider) tokens.
In the second deep dive of the DeFi course, we focus entirely on the Decentralized Lending & Borrowing Protocol Aave. We will take a detailed look at how the protocol works while delving into exciting lending topics related to overcollateralization, liquidation threshold, flash loans, etc. And of course we will try Aave directly on-chain. There is really no way around the Aave protocol if you want to count yourself among the DeFi experts.
The final deep dive of the DeFi course is into the fascinating world of decentralized insurance. Here we will take a close look at Unslashed Finance's approach. For example, Unslashed Finance's solution, which uses a decentralized court system to decide whether or not money is to be paid out in the event of a claim, is super exciting.
At the end of the DeFi course, there is a summary of the most important points that I would like to give you along the way.
In this course, I'll show you everything you need to know about Decentralized Finance (DeFi) to be ready for the DeFi future!
We will start with a broad overview of the DeFi space and examine what exactly DeFi is and what it is not. Then we will look at the history of DeFi and get an overview of all the different DeFi categories we see out there. Plus, we will put an emphasis on the key differences between DeFi and TradFi (Traditional Finance) and get a deep understanding of the opportunities and risks inherent in Decentralized Finance.
Then, we will move on to the core of the course: We will look in detail at the key mechanics and fundamental principles underpinning all DeFi protocols. For example, we will examine the different building blocks of DeFi applications and look at how they play together to create completely new financial services. Or we will look in detail at different incentive structures which are common to the most successfull DeFi protocols.
Once we have gained this fundamental understanding, we will switch to the praxis-oriented part of the course where we will deep dive into three concrete DeFi protocols; namely Uniswap (a decentralized exchange), Aave (a decentralized lending and borrowing solution), and Unslashed Finance (a decentralized insurance protocol). During all three deep dives we will not only examine in detail how the different protocols work but I will demonstrate to you as well on chain how to best use these applications in practice. Of couse, you will learn lots of practical tips and tricks along the way and you are invited to directly try out the protocols yourself. And don't worry in case you don't have a DeFi wallet yet: I will show you step-by-step how to set up your own DeFi wallet in a secure way to kick-start your DeFi journey.