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Decentralized Finance (DeFi) Deep Dive

Decentralized Finance (DeFi) Deep Dive

This course is part of Decentralized Finance (DeFi): The Future of Finance Specialization

Instructor: Campbell R. Harvey

17,134 already enrolled

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4 modules

Gain insight into a topic and learn the fundamentals.

315 reviews

Intermediate level

Recommended experience

8 hours to complete

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

315 reviews

Intermediate level

Recommended experience

8 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Mechanics of credit and lending protocols; Decentralized exchange implementations; Derivatives and tokenization protocols.

Skills you'll gain

Details to know

Shareable certificate

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Assessments

4 assignments

Taught in English

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This course is part of the Decentralized Finance (DeFi): The Future of Finance Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Gain a foundational understanding of a subject or tool
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There are 4 modules in this course

DeFi and the Future of Finance is a set of four courses that focus on decentralized finance. The third course is called DeFi Deep Dive. It is essential that you do the first two courses I. DeFi Infrastructure and II. DeFi Primitives before doing this course. It is the longest of the four courses and focuses on some of the leading protocols in the DeFi space. We will look at Credit and Lending (and feature MakerDAO, Compound and Aave), Decentralized Exchange with an analysis of how protocols like Uniswap and Balancer works, Derivatives (featuring Yield Protocol, dYdX and Synthetix) and Tokenization with an analysis of Set Protocol as well as wrapped bitcoin. For many of these leading protocols, we include detailed examples of how the mechanics work. For example, we show how to use a dYdX flash swap to execute an arbitrage transaction (take advantage of different prices on different exchanges for the same asset).

Module details

We begin module one with the mechanics of MakerDAO stablecoin called DAI and introduce the idea of collateralized debt obligations. The module also includes a detailed examination of both Compound and Aave.

What's included

9 videos2 readings1 assignment

9 videosTotal 118 minutes

Introduction 17 minutes
Liquidation 15 minutes
Governance 15 minutes
What is Compound?12 minutes
Supply and Borrow Rates19 minutes
cTokens10 minutes
Compound Governance 11 minutes
What is Aave?11 minutes
Stable Loans and Credit Delegation 9 minutes

2 readingsTotal 15 minutes

DeFi and the Future of Finance10 minutes
Report a problem with the course5 minutes

1 assignmentTotal 30 minutes

Module 1 Graded Quiz 30 minutes

The second module explores the mechanics of Uniswap v2 and v3. A generalization of the two asset Automated Market Maker introduced by Balancer is also studied. The module ends with a discussion of rehypothecation as well as Total Locked Value.

What's included

6 videos1 assignment

The third model features leading derivatives protocols. The mechanics of fixed rate lending and borrowing is presented with the Yield Protocol. The mechanics of dYdX and Synthetix are also explored.

What's included

8 videos1 assignment

The final module focuses on tokenization and features the Set Protocol. Set provides a way to combine portfolios much like an ETF holds many traditional stocks. The Sets can be active or passive. The module ends with a discussion of the use in DeFi of both wrapped bitcoin and wrapped ethereum.