Decentralized Finance - Understanding how DeFi really works

Description

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.

Who this course is for:

• This course is for everybody who wants to be ready for the DeFi future.