DeFi

Learn about the concept of decentralized finance (DeFi), how it differs from centralized finance (CeFi), and its core characteristics: permissionless access, transparency, and composability.

Explains types of DeFi wallets like MetaMask, seed phrase management, hardware wallets, self-custody principles, and security best practices.

Learn about the concept of smart contracts, how to interact with them in DeFi, token approvals, gas fees, and how to verify contracts.

Explains the DeFi ecosystem by major blockchains, the meaning and interpretation of TVL, protocol classifications, and chain selection criteria.

Explains DEX concepts, differences from CEX, how AMMs work, slippage, and front-running.

Explains how the constant product formula (x*y=k) works, liquidity pool structure, price determination mechanisms, and the differences between Uniswap V2/V3.

Explains how to become a liquidity provider (LP), the role of LP tokens, fee income structure, and criteria for pool selection.

Explains the mechanics of impermanent loss, calculation methods, minimization strategies, and when providing liquidity is advantageous.

Explains how DeFi lending works, the deposit and borrowing process, collateral ratios and interest rate models, and the differences between Aave and Compound.

Explains DeFi lending collateral systems, liquidation thresholds, health factor, liquidation process and penalties, and strategies to prevent liquidation.

Explains how flash loans work, their use in arbitrage and liquidations, flash loan attack cases, and defense mechanisms.

Explains how to implement leverage in DeFi, looping (recursive borrowing), leveraged staking, and risk management strategies.

Learn about the structure and characteristics of fiat-backed, crypto-backed, and algorithmic stablecoins, with comparisons of major stablecoins.

Learn about stablecoin depegging risks, regulatory risks, lessons from the UST collapse, and reserve transparency issues.

Explains how CDP (Collateralized Debt Position) works, MakerDAO and DAI issuance mechanism, stability fees, and the liquidation process.

Explains how Proof of Stake (PoS) staking works, the roles of validators and delegators, staking reward structure, unstaking, and slashing.

Explains the concept of liquid staking, comparison of Lido and Rocket Pool, LST (Liquid Staking Token) use cases, depegging risk, and centralization concerns.

Learn about the components of staking APY, nominal vs real yield, the impact of inflation, chain-by-chain yield comparisons, and calculation methods.

Learn about the concept and mechanics of yield farming, revenue structures, main strategies, risks, and important considerations.

Explains the concept of real yield, differences from inflation-based returns, protocols with sustainable yield models, and how to evaluate real yield.

Learn about how yield aggregators work, comparisons between Yearn Finance and Beefy Finance, vault strategies, fee structures, and risks.

Explains how cross-chain bridges work, lock-and-mint and burning mechanisms, comparison of major bridges, and how to use bridges.

Explains bridge hacking cases, major vulnerabilities, risks by security model, precautions when using bridges, and risk mitigation strategies.

Explains the concept and structure of DAOs, token-based governance, voting mechanisms, and governance methods of major DeFi protocols.

Explains types of DAO governance attacks, flash loan governance attacks, the Beanstalk case study, and defense mechanisms.

Explains all DeFi risk types - smart contract, economic, operational, and regulatory risks, along with risk assessment and management methods.

Explains major smart contract vulnerabilities, reentrancy attacks, integer overflow, the role and limitations of audits, and how to verify security.

Explains DeFi insurance concepts, comparison of Nexus Mutual and InsurAce, coverage scope, claims process, and limitations of insurance.