Understanding DeFi Credit Markets
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Learn about the key differences between traditional and DeFi systems. Explore how traditional lending relies on intermediaries, in contrast to decentralized systems that use blockchain technology for peer-to-peer transactions. The first chapter also covers the benefits and risks associated with DeFi lending, including increased accessibility and potential security concerns.
In the second chapter you will explore the MakerDAO protocol, learning how it operates a dual-token system with MKR for governance and DAI as a stablecoin. Understand the significance of collateralization ratios and liquidation, as well as the role of MKR token holders in governing MakerDAO. Finally, gain insight into how these elements collectively ensure the stability and functionality of DAI in the DeFi ecosystem.
Learn about Aave's non-custodial liquidity market, which allows users to lend or borrow assets, retaining control over their assets without a central authority. This chapter also covers the process of depositing cryptocurrencies into Aave's liquidity pools to earn interest, and the concept of overcollateralized or undercollateralized borrowing. Furthermore, understand Aave's unique features like flash loans and stable loans.
Understand the mechanics of Compound, allowing lending and borrowing of various cryptocurrencies, with interest rates adjusted algorithmically based on supply and demand. Learn about cTokens, representing user's share in the liquidity pool. Explore overcollateralization for borrowing, and practical steps for using Compound's features.
End of the course followed by a course glossary and a certification.
of flash loans
There are no specific admission criteria regarding the level of education or professional experience.
However, each candidate must have English proficiency that allows free writing, listening, reading, and speaking communication. Furthermore, each candidate must have access to the Internet and fill out the required application form.