What you'll learn:
- Economics, Finance and Business aspects of Decentralized Finance (DeFi)
- Basic DeFi Concepts
- General Structure of DeFi Platforms
- Automated Market Making and Yield Farming
- Token Economics or Tokenomics
- How DeFi platforms create value? Valuing DeFi tokens.
- Cash-flows in DeFi projects
- DeFi Governance
- Sustainability for DeFi Platforms - Risks and Vulnerabilities in DeFi
- Planning for a DeFi project - from value proposition to path of self-sustainability
Course Update 1st August 2022
30 minutes of new video content that includes -
A completely new section on risks and sustainability in DeFi.
Many case-studies covering specific use cases of the concepts discussed.
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Reading material - DeFi Case Studies - 70 pages (with Lecture 7)
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Much more graphics - complete new recording
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First of all, let be clear that - this is not a technical course - this is a business course. This course does not delve into specific DeFi protocols but talks about the broad structure of DeFi platforms with some case studies on how specific protocols implement the concepts discussed.
Decentralized Finance or DeFi platforms are disrupting the financial sector and many want to join the movement. The challenge they face is that building and evaluating these platforms need a deep understanding of economics, finance, and business. Decentralized Finance is fundamentally multidisciplinary. You do not need to master all the subjects but need some basic understanding of various disciplines to get into DeFi.
Apart from that, building these platforms is a time-consuming and resource-intensive process. Until these DeFi platforms become self-sustaining, there has to be some mechanism to create economic incentives for the stakeholders so that the project is not abandoned. Creating those economic incentives involves balancing out the short-term cash flows with long-term wealth creation. For that, we need to know how DeFi platforms generate cash-flows and create value. Creating cash-flows and creating value need various approaches and involve different kinds of strategies.
Unfortunately, the learning sources for DeFi are often scattered and/or primarily focused on the technical side of DeFi. There is a need for learning sources that deal with the finance and business side of DeFi in a well-structured manner.
This is what this course is trying to achieve.
