Decentralized Finance (DeFi) Deep Dive
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Decentralized Finance (DeFi) Deep Dive
This course is part of Decentralized Finance (DeFi): The Future of Finance Specialization
Instructor: Campbell R. Harvey
17,287 already enrolled
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What you'll learn
Mechanics of credit and lending protocols; Decentralized exchange implementations; Derivatives and tokenization protocols.
Details to know
4 assignments
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There are 4 modules in this course
DeFi and the Future of Finance is a set of four courses that focus on decentralized finance. The third course is called DeFi Deep Dive. It is essential that you do the first two courses I. DeFi Infrastructure and II. DeFi Primitives before doing this course. It is the longest of the four courses and focuses on some of the leading protocols in the DeFi space. We will look at Credit and Lending (and feature MakerDAO, Compound and Aave), Decentralized Exchange with an analysis of how protocols like Uniswap and Balancer works, Derivatives (featuring Yield Protocol, dYdX and Synthetix) and Tokenization with an analysis of Set Protocol as well as wrapped bitcoin. For many of these leading protocols, we include detailed examples of how the mechanics work. For example, we show how to use a dYdX flash swap to execute an arbitrage transaction (take advantage of different prices on different exchanges for the same asset).
We begin module one with the mechanics of MakerDAO stablecoin called DAI and introduce the idea of collateralized debt obligations. The module also includes a detailed examination of both Compound and Aave.
What's included
9 videos2 readings1 assignment
9 videos•Total 118 minutes
- Introduction •17 minutes
- Liquidation •15 minutes
- Governance •15 minutes
- What is Compound?•12 minutes
- Supply and Borrow Rates•19 minutes
- cTokens•10 minutes
- Compound Governance •11 minutes
- What is Aave?•11 minutes
- Stable Loans and Credit Delegation •9 minutes
2 readings•Total 15 minutes
- DeFi and the Future of Finance•10 minutes
- Report a problem with the course•5 minutes
1 assignment•Total 30 minutes
- Module 1 Graded Quiz •30 minutes
The second module explores the mechanics of Uniswap v2 and v3. A generalization of the two asset Automated Market Maker introduced by Balancer is also studied. The module ends with a discussion of rehypothecation as well as Total Locked Value.
What's included
6 videos1 assignment
6 videos•Total 64 minutes
- What is Uniswap?•14 minutes
- Impermanent Loss •13 minutes
- Flash Swaps•7 minutes
- Governance and Uniswap•9 minutes
- Balancer •7 minutes
- Rehypothecation •15 minutes
1 assignment•Total 30 minutes
- Module 2 Graded Quiz •30 minutes
The third model features leading derivatives protocols. The mechanics of fixed rate lending and borrowing is presented with the Yield Protocol. The mechanics of dYdX and Synthetix are also explored.
What's included
8 videos1 assignment
8 videos•Total 106 minutes
- What is Yield Protocol?•7 minutes
- Mechanics •17 minutes
- What is dYdX?•9 minutes
- Flash Loans •13 minutes
- Perpetual Futures •24 minutes
- Perpetual Futures Example•16 minutes
- What is Synthetix?•10 minutes
- Mechanics •12 minutes
1 assignment•Total 30 minutes
- Module 3 Graded Quiz •30 minutes
The final module focuses on tokenization and features the Set Protocol. Set provides a way to combine portfolios much like an ETF holds many traditional stocks. The Sets can be active or passive. The module ends with a discussion of the use in DeFi of both wrapped bitcoin and wrapped ethereum.
What's included
2 videos1 reading1 assignment
2 videos•Total 41 minutes
- Set Protocol•23 minutes
- Wrapped Bitcoin •18 minutes
1 reading•Total 10 minutes
- Share your learning experience•10 minutes
1 assignment•Total 30 minutes
- Module 4 Graded Quiz •30 minutes
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Reviewed on May 1, 2022
What's more to knowledge than a balance of theory with practice. This course is quite some depth and exciting.
Reviewed on Jan 24, 2024
Systematic overview of Defi eco system. Course keeps the right level of detail and explains well the core concept of each topic.
Reviewed on Feb 19, 2022
Excellent introduction to complex topics. This course doesn't go too deep into the details, but provide a great overview of the topics of DeFi derivatives and complex instruments.
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