What are oracles in crypto?
Leonard Reed in his very famous essay, ‘I, Pencil’ tells the story of the manufacture of a simple lead pencil. How the wood is harvested, the graphite mined, the rubber …
Course: Decentralised Finance: Blockchain, Ethereum, and The Future of Banking
How do derivatives work in DeFi?
In traditional finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying ‘thing’ can be an asset, commodity, index, or interest …
How do Traditional Derivatives Work?
Let’s start with a general introduction to derivatives in traditional markets. Derivatives are financial instruments such as futures, forwards, options and swaps. Derivatives are all forms of contract that represent …
How do borrowing and lending work in DeFi?
The main reason people want to borrow crypto assets from a DeFi protocol is for trading and speculation purposes. For example, if someone was bullish on ETH and had $250 …
Why borrow and lend in DeFi?
Most people are familiar with the concept of borrowing and lending whether it be in the form of mortgages, student loans or similar etc. Indeed, it is one of the …
Swapping Ethereum for Dai
Now that we understand why you would want to swap tokens for stablecoins, let’s practice doing it. Follow along with Associate Professor Chris Berg as he swaps Ethereum tokens for …
Changing to a testnet and accessing free tokens
Testnets allow you to interact with DeFi without investing real money. This allows you to perform tasks in a hands-on manner without incurring financial risk. Follow along with Associate Professor …
Resources: your DeFi toolkit
Well, this is your last step before the final quiz but we hope it’s also the first step in an exciting journey. To help you as explore DeFi further, here …
Interacting with the DeFi community
In this video, Chris Berg from RMIT’s Blockchain Innovation Hub demonstrates the ways that you can interactive with the DeFi community online. Watch the video and then explore the communities …
Diversity of other chains
Thus far, we have focused mainly on the Ethereum blockchain but DeFi is not limited to one chain. Watch as Professor Ellie Rennie takes us on a guided tour of …
Further Learning
Well that’s a wrap for Decentralised Finance: Blockchain, Ethereum, and The Future of Banking! Congratulations on making your way through the whole course and thanks for engaging with us and …
Borrowing and lending with Aave
Now that you have an understanding of some of the different reasons to borrow and lend in DeFi, Professor Ellie Rennie demonstrates how to use the Aave platform to borrow …
Exploring the DeFi community further
As you prepare to explore the DeFi community further on your own after this course, it’s important to know where to find the community and how it functions. Watch Associate …
How do crypto-wallets work?
In the context of blockchains, a wallet is a tool (hardware or software) that allows you to interact with a blockchain using public and private keys. Unlike a traditional physical …
Week 4 summary
Congratulations on completing the final week of Decentralised Finance: Blockchain, Ethereum, and The Future of Banking! You have examined the risks inherent in DeFi with an eye toward navigating DeFi …
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Decentralised Finance: Blockchain, Ethereum, and The Future of Banking