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Week 2 summary

Summary of week 2
Computer and phone showing stock charts
© Anna Nekrashevich on Pexels
Congratulations on completing week 2 of Decentralised Finance: Blockchain, Ethereum, and The Future of Banking! You have now performed some key tasks in DeFi.

By completing this week, you should now be better able to:

  • set up your own 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

In week 3, we will continue our exploration of the DeFi world by taking a closer look at some of the applications used for borrowing, lending and speculating in DeFi.

Before you move on to week 3, let’s check your understanding with a brief quiz on the content we covered this week. Use this quiz to gauge your understanding of the content and identify areas where you may benefit from further review. You can take the quiz as many times as you wish.

© RMIT 2021
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Decentralised Finance: Blockchain, Ethereum, and The Future of Banking

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