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Week 3 Introduction

Summary of main points from last week/Introduction to topics covered this week

Welcome to Week 3! Now that we have performed some hands-on DeFi tasks in Week 2, we will turn our attention to the ways we can put our tokens to work. Watch Professor Jason Potts and Associate Professor Chris Berg explain how we are going to do that.

Over the course of this week, we will:

  • learn more about borrowing and lending in DeFi
  • explore yield farming and liquidity pools
  • introduce you to the world of DeFi derivatives.

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

  • summarise DeFi applications
  • explore the process of yield farming
  • define impermanent loss
  • differentiate DeFi from traditional, centralised finance (CeFi)
  • describe methods of speculating in DeFi.

Share your thoughts

Before further exploring DeFi applications this week, share your thoughts with your fellow DeFi explorers. What do you think the advantages of borrowing and lending in DeFi are? What are the disadvantages?

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Decentralised Finance: Blockchain, Ethereum, and The Future of Banking

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