In the first part of the course we also cover background material necessary to understand DeFi in depth, including an introduction to Ethereum (and other Layer 1 blockchains on which DeFi applications run), smart contracts, fungible and non-fungible tokens, and so on.
#Defi overview full
Survey the full range of existing DeFi applications and protocols.Conceptualise the innovation/novelty and risks of DeFi by drawing parallels to its traditional financial (TradFi) applications.Delineate the principles by which decentralized finance operates.Introduction to Decentralized Finance provides an introductory, yet thorough, coverage of the field of decentralized finance (DeFi) and its main components, including decentralized exchanges (DEXs), automated market making (AMM), liquidity mining, yield farming, stablecoins, blockchain derivatives, DeFi protocol governance and others.
#Defi overview free
If you are missing these, you may want to consider our other free course ( Introduction to Digital Currencies), before embarking on your DeFi journey! However, you are supposed to already have an introductory understanding of cryptocurrencies (like Bitcoin), Ethereum-based smart contracts and fundamental blockchain concepts. The course requires no specialized knowledge in either computing, economics or finance. The course is continuously updated and free for everyone. By becoming familiar with innovations such as automated market makers (AMMs), decentralized autonomous organisations (DAOs), flash loans, liquidity mining, and yield farming, you will gain comprehensive insight into how DeFi paves the way for innovations in governance, credit, derivatives, and interest-bearing instruments. You will demystify the layer-1 protocols that enable DeFi, such as Ethereum, Solana and the Binance Smart Chain, and learn how applications such as decentralized exchanges, stablecoins, and algorithmic loans differ from their traditional counterparts. In this course, you will familiarise yourself with the fundamentals of DeFi, its underlying technologies, popular applications, and transformative potential.
Introduction to Decentralized Finance is your ultimate guide to the revolutionary world of DeFi. DeFi is currently the fastest growing blockchain innovation, with millions of users and hundreds of protocols handling tens of billions of dollars in value. DeFi applications disrupt the traditional financial services industry by allowing people lend, borrow and trade financial assets without intermediaries.ĭeFi is currently the fastest growing blockchain innovation, with millions of users and hundreds of protocols handling tens of billions of dollars in value. Be Part of an Emerging Revolution in Economics & Financeĭecentralized Finance (DeFi) has emerged as a blockchain-based form of finance that leverages innovations in cryptocurrencies and smart contracts to build fair, inclusive, and robust financial systems that do not rely on central financial intermediaries, such as banks, brokerages or exchanges.
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