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Week 2 introduction

Summary of main points from last week/Introduction to topics covered this week with explanation that this week is very hands on

Now that we have the basic DeFi knowledge provided in Week 1, it’s time to take a hands-on approach to DeFi. Watch Professor Jason Potts and Associate Professor Chris Berg explain how we are going to jump into DeFi in Week 2.

This week we will:

set up a cryptocurrency wallet using Metamask
access a testnet and get free tokens
swap to a stablecoin on a decentralised exchange (DEX)
explore the role stablecoins play in DeFi
discuss borrowing and lending in DeFi.

Upon completion of week two, you should better be able to:

set up a cryptocurrency wallet
explain the benefits of using a testnet to learn DeFi
describe the role of stablecoins in DeFi
swap tokens on a DEX
describe methods of borrowing and lending in DeFi
interact with a smart contract
summarise DeFi applications

Before you begin this hands-on week performing key DeFi interactions, share your thoughts with your fellow DeFi explorers. Now that we are getting into performing key tasks in DeFi, which of the tasks are you most excited to learn about? Why is that task of specific interest to you?