Decentralized Finance - Understanding How Defi Really Works

Learn everything you need to know about Decentralized Finance (DeFi) to be ready for the DeFi future

What you'll learn

You will learn everything you need to know to be ready for the DeFi future

You will gain a profound understanding of the overall DeFi space including its history and the key differences compared to traditional finance

You will learn the key mechanics underlying the most important DeFi protocols (e.g., Uniswap, Aave, Unslash Finance)

You will set up a DeFi wallet and try out several DeFi protocols directly on chain

Requirements

No prerequisits required for this course; you will learn everything you need to know directly in this course

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.

Overview

Section 1: Course overview

Lecture 1 Course overview

Lecture 2 Disclaimer

Section 2: Introduction to DeFi

Lecture 3 Introduction to DeFi

Section 3: DeFi core concepts

Lecture 4 DeFi core concepts

Section 4: Setting up your DeFi wallet

Lecture 5 Setting up your DeFi wallet

Section 5: Deep dive decentralized exchanges

Lecture 6 Deep dive decentralized exchanges

Section 6: Deep dive decentralized lending

Lecture 7 Deep dive decentralized lending

Section 7: Deep dive decentralized insurance

Lecture 8 Deep dive decentralized insurance

Section 8: Conclusions

Lecture 9 Conclusions

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