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weekinethereum · 5 years
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January 25, 2019
News and Links
Layer 1
[eth1] state rent proposal 2
[eth1] selfish mining in Ethereum academic paper. Per Casey Detrio, EIP100 changed the threshold to 27%. But since ETC doesn’t have EIP100, it’s just 5 or 10%.
[eth2] a long AMA from the Eth2 research team
[eth2] yeeth Eth2 client in Swift
[eth2] What’s new in eth2 includes Ben’s take on future of the PoW chain
[eth2] notes from last eth2 implementer call
[eth2] Vitalik’s security design rationale
[eth2] More Vitalik: Eth2 and Casper CBC video talk
[eth2] Collin Myers takes a look at the proposed economics for validators
Layer 2
Raiden on progress towards Ithaca release, which will include pathfinding and fee earning as well as monitoring. More from Loredana on building CryptoBotWars on Raiden
Magmo update: about to release their paper on Nitro, their protocol for a virtual state channel network
The case for Ethereum scaling through layer 2 solutions
Optimistic off-chain data availability from Aragon
Starkware on a layer 2 design fundamental: validity proofs vs fraud proofs. Also: its decentralized exchange using STARKs planned for testnet at end of q1.
Stuff for developers
Solidity v0.5.3
web3j v4.1.1
Web3.js v1.0.0-beta.38
Waffle v2 of its testing suite (uses ethers.js)
Celer Network’s proto3 to solidity library generator for onchain/offchain, cross-language data structures. Celer’s SDK
ERC20 meta transaction wrapper contract
“dumb contracts” that store data in the event logs
ETL pipline on AWS for security token analytics
Interacting with Ethereum using web3.py and Jupyter notebooks
Tutorial on using Embark
Tutorial: using OpenLaw agreements with dapps
OpenBazaar’s escrow framework
Etherisc opensources the code for their Generic Insurance Framework
Austin Griffith’s latest iteration of Burner Wallet sales
Deploying a front end with IPFS and Piñata SDK
Video tutorial of Slither static analyzer
Overview of formal verification projects in Ethereum
zkPoker with SNARks - explore iden3’s circom circuit
Ecosystem
Lots of charts on the bomb historically and present
Gnosis Safe is now available on iOS
A big thing in the community was r/ethtrader’s DONUT tokens. Started by Reddit as “community points” to experiment in ethtrader upvotes, the donuts can be used to buy the banner, vote in polls, and get badges. So a Reddit <> Eth token bridge was created, and DONUT traded on Uniswap. But some people preferred donuts to be used for subreddit governance, so the experiment is currently paused. That’s my take, here’s Will Warren’s take.
Decentralizing project management with the Ethereum Cat Herders
ENS permanent registrar proposals
Client releases
The Mantis client written in Scala now supports ETH and will stop supporting ETC
Enterprise
Hyperledger Fabric founder John Wolpert on why Ethereum is winning in enterprise blockchain
Levi’s jeans, Harvard SHINE and ConsenSys announce a workers well being pilot program at a factory in Mexico
Tokenizing a roomba to charge it
Correctness analysis of Istanbul BFT. Suggests it isn’t and can be improved.
Governance and Standards
Notes from last all core devs call
A postmortem on the Constantinople postponement
SNT community voting dapp v0.1 - quadratic voting system
EIP1712: disallow deployment of unused opcodes
EIP1715: Generalized Version Bits Voting for Consensus Soft and Hard Forks
ERC1723: Cryptography engine standard
ERC1724: confidential token standard
EIP1717: Defuse the bomb and lower mining reward to 1 ether
Application layer
Augur leaderboard. And Crystalball.be stats. Augur v1.10 released
Lots of action in Augur frontends: Veil buys Predictions.global, Guesser to launch Jan 29, and BlitzPredict.
A fiat-backed Korean Won is live on AirSwap
Adventureum - “a text-based, crowd-sourced, decentralised choose-your-own adventure game”
PlasmaBears is live using LoomNetwork
Kyber’s automated price reserve - a simpler though less flexible option for liquidity providers. Also, Kyber’s long-term objectives
Interviews, Podcasts, Videos, Talks
Trail of Bits and ChainSecurity discuss 1283 on Hashing It Out
Videos from Trail of Bits’ Empire Hacking
Scott Lewis and Bryant Eisenbach give the case for Ethereum on a Bitcoin podcast
Philipp Angele talk on Livepeer’s shared economies for video infrastructure
Tarun Chitra on PoS statistical modeling on Zero Knowledge
Gnosis’ Martin Köppelmann on Into the Ether
Martin Köppelmann and Matan Field on Epicenter
Tokens / Business / Regulation
If you don’t have a background in finance, MyCrypto’s learning about supplying and borrowing with Compound will be a good read.
A nice look at the original NFT: CryptoPunk
NFT License 2.0 to define what is permitted with NFT and associated art
IDEO on what NFT collectibles should learn from legacy collectibles.
Matthew Vernon is selling tokens representing 1 hour of design consulting
Caitlin Long tweetstorm about Wyoming’s crypto-friendly legislation
Crypto exchanges don’t need a money transmitter license in Pennsylvania
General
Samsung to have key store in their Galaxy S10. Pictures show Eth confirmed.
Zilliqa to launch its mainnet this week, much like Ethereum launched with Frontier
NEAR’s private testnet launches at event in SF on the 29th
Polkadot upgrades to PoC3 using GRANDPA consensus algo
Looks like Protonmail wants to build on Ethereum
Messari says Ripple drastically overstates their supply to prop up their market cap
Sia’s David Vorick on proof of work attacks
a zero knowledge and SNARKs primer
Infoworld when the Mac launched 35 years ago: do we really need this?
Have a co-branded credit card in the US? Amazon (or whoever) probably gets to see your transaction history, which means they’re probably selling it too.
Dates of Note
Upcoming dates of note (new in bold):
Jan 29-30 - AraCon (Berlin)
Jan 30 - Feb 1 - Stanford Blockchain Conference
Jan 31 - GörliCon (Berlin)
Jan 31 - Maker to remove OasisDEX and Oasis.direct frontends
Feb 2 - Eth2 workshop (Stanford)
Feb 7-8 - Melonport’s M1 conf (Zug)
Feb 7 - 0x and Coinlist virtual hackathon ends
Feb 14 - Eth Magicians (Denver)
Feb 15-17 - ETHDenver hackathon (ETHGlobal)
Feb 27 - Constantinople (block 7280000)
Mar 4 - Ethereum Magicians (Paris)
Mar 5-7 - EthCC (Paris)
Mar 8-10 - ETHParis (ETHGlobal)
Mar 8-10 - EthUToronto
Mar 22 - Zero Knowledge Summit 0x03 (Berlin)
Mar 27 - Infura end of legacy key support
April 8-14 - Edcon hackathon and conference (Sydney)
Apr 19-21 - ETHCapetown (ETHGlobal)
May 10-11 - Ethereal (NYC)
May 17 - Deadline to accept proposals for Instanbul upgrade fork
If you appreciate this newsletter, thank ConsenSys
This newsletter is made possible by ConsenSys.
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Housekeeping
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Comprehend in one article, the "past and present" of Decentralized Finance (DeFi)
What the translator wrote in the front: MYKEY has just launched two activities recently: redeem DAI inside a limited time, and OASIS deposits a network fee. Put simply, are you a new comer to DAI and DeFi? Do not worry, today's translation will require you to know them.
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The promise of cryptocurrency is to generate income payments universally available to everyone else, regardless of where they truly are on earth. Decentralized finance (DeFi) or open finance takes this promise a step further. Suppose the global open alternatives to financial services which are being used today, such as savings, loans, transactions, insurance, and so forth, could be accessed by anyone on earth through smart phones and the Internet, and implemented on smart contract blockchains such as Ethereum. Smart contracts are programs that run on the blockchain and may be automatically executed when certain conditions are met. These smart contracts enable developers to create more technical functions than just sending and receiving cryptocurrency. These programs are what we now call decentralized applications or dapps. You can think about a dapp being an application built on decentralized technology, as opposed to an application built and controlled by a single centralized entity or company. Although some of those concepts may possibly appear to be future ideas-automatic loans are negotiated directly between two strangers around the world, without bank intervention, many dapps are actually implemented. You will find DeFi dapps that allow the creation of stablecoins (cryptocurrencies whose value is pegged to the U. S. dollar), lending funds and earning interest on cryptocurrencies, loans, exchange of just one asset for yet another, long or short assets, and Implement automated higher level investment strategies. What exactly is the big difference between these DeFi dapps and conventional banks or Wall Street counterparts? The core of those organizations just isn't managed by institutions and their workers, but by code or smart contracts to write rules. After the smart contract is deployed to the blockchain, the DeFi dapp can run on a unique with little or no human intervention. Even though in practice, developers usually maintain dapps through upgrades or bug fixes. The code is transparent on the blockchain and anyone can review it. Still another trust relationship is established with the user, because anyone gets the chance to find out about the event of the contract or find errors. All trading activities will also be public, anyone can view. Even though this might cause privacy issues, transactions are anonymous automagically, that's, they truly are circuitously associated with your real identity. From the first day, Dapp started to develop for the global market-whether you might be in Texas or Tanzania, you should use the exact same DeFi service and network. Of course, local regulations may possibly apply, but technically speaking, many people connected to the Internet may use most DeFi applications. You can create it “without permission” and participate “without permission”—anyone can cause DeFi applications, and anyone may use them. Unlike finance today, you can find no gatekeepers or lengthy accounts. Users interact directly with smart contracts through their cryptocurrency wallets. Flexible user experience-don't just like the interface of a particular dapp? No problem-you may use a third-party interface, or you can build your own personal. Smart contract is similar to an open API, anyone can build applications for it. Interoperability-New DeFi applications could be built or combined by combining other DeFi services and products (such as Lego blocks), such as stable coins, decentralized exchanges and prediction markets could be combined to create brand-new services and products. DeFi is now one of the fastest growing areas in the encryption field. Industry observers make use of a unique new indicator-"ETH locked in DeFi" to measure traction. During writing, users have stored significantly more than $600 million worth of cryptocurrency in these smart contracts. Are you interested? Let us have a closer look at a few popular DeFi dapps available. You will need a cryptocurrency wallet with an integrated dapp browser (such as Coinbase Wallet) to connect to these dapps. You can even use most dapps on the desktop by selecting the Coinbase Wallet option and scanning the QR code.
It's still in its infancy for dapps, so DeFi users should conduct research on new products and services. Like any computer code, smart contracts could be susceptible to accidental programming errors and malicious hackers. Stable currency and decentralized reserve bank: MakerDAO Maker is really a stablecoin project in which each stablecoin (called DAI) is pegged to the U. S. dollar and backed by collateral in the form of cryptocurrency. Stablecoins provide cryptographic programmability with no adverse effects of volatility caused by "traditional" cryptocurrencies like Bitcoin or Ethereum. You can try to produce your own personal DAI stablecoin on Maker Oasis dapp. Maker isn't only a stablecoin project, additionally, it hopes to become a decentralized reserve bank. Holders of a different but related token MKR can vote on important decisions, such as stability fees (similar to how a Federal Open Market Committee of the Federal Reserve votes on the federal funds rate). Still another stablecoin with a different architecture could be the U. S. Dollar Coin (USDC), where each USDC token is backed by a U. S. dollar held within an audited bank account. Borrowing: Compound Compound is really a blockchain-based lending dapp that may lend cryptocurrency and earn interest in it. Or possibly some funds is necessary to pay rent or buy groceries, nevertheless the funds are tied up in cryptocurrency investments. Then you can certainly deposit cryptocurrency as collateral into the Compound smart contract and put it to use as collateral. The composite contract automatically matches borrowers and lenders, and dynamically adjusts rates of interest predicated on supply and demand. Other popular borrowing/lending dapps are Dharma and dYdX. Aggregators such as LoanScan track the borrowing and lending rates of each and every dapp, in order to check around to obtain the very best rate. Automatic token exchange: Uniswap Uniswap is really a cryptocurrency exchange that operates entirely predicated on smart contracts, enabling you to trade popular tokens directly from your wallet. That is different from exchanges like Coinbase, which store your cryptocurrency and keep your private key for safekeeping. Uniswap uses an innovative mechanism called automatic market making to automatically settle transactions near market prices. Along with transactions, any user can become a liquidity provider by providing cryptocurrency to the Uniswap contract and finding a part of the exchange fee. That is called a "pool". Other popular decentralized exchange platforms (DEXes) include 0x, AirSwap, Bancor, Kyber, IDEX, Paradex and Radar Relay. All architectures are slightly different. Prediction Market: Augur Augur is really a decentralized prediction market protocol. Using Augur, you can vote on caused by the function, unless you add value to the vote to help make the "skin in the game". Prediction market platforms such as Augur and Guesser are nascent, but give a vision into the future, and users may use the wisdom of the crowd to create better predictions. Synthetic Asset: Synthetix Synthetix is ​​a platform that enables users to produce and exchange synthetic versions of assets, gold, silver, cryptocurrencies, and conventional currencies (such while the euro). Synthetic assets are backed by excess collateral locked in Synthetix contracts. Lossless savings game: PoolTogether The composability of DeFi gives it unlimited new possibilities. PoolTogether is really a lossless game in which participants deposit DAI stablecoins into the ordinary lottery pool. At the end of each and every month, a lucky participant will win all of the interest earned and everyone else will withdraw their initial deposit. Therefore , what's the next phase for DeFi? Since the birth of human civilization, money and finance have appeared in one form or yet another. Encryption is just the most recent digital incarnation. In the next couple of years, we may see all of the financial services used in today's legal system being rebuilt for the crypto ecosystem. We now have seen asset issuance and exchange, lending, lending, custody, and derivative services and products built for cryptocurrencies. What's next? The very first generation of DeFi dapps relied heavily on collateral as protection. Put simply, you need to already own cryptocurrency and provide it as collateral in order to borrow more cryptocurrency. More conventional unsecured lending will need to rely on an identity system to ensure that borrowers can establish credit and boost their borrowing capacity, exactly like today's SSN and FICO scores. However , unlike today's identity and credit systems, decentralized identities must be both universal and privacy-protective. We now have also seen innovation in the insurance field. In these days, many DeFi loans are over-collateralized (which ensures that these loans are inherently safe since there is an adequate buffer of reserve assets). However , the black swan of DeFi is really a smart contract vulnerability. If your hacker discovers and exploits a bug in the great outdoors source code of the dapp, millions of dollars may be used up straight away. Teams like Nexus Mutual are building decentralized insurance, when the smart contract is hacked, this can benefit users as a whole. Still another trend we see is really a better user experience. The very first generation of dapps was built for blockchain enthusiasts. These dapps do a good job of demonstrating the exciting new DeFi possibilities, nevertheless the usability remains notably insufficient. The latest version of the DeFi application prioritizes design and ease of use in order to bring open finance to a wider audience. As time goes on, we hope that the encrypted wallet can be the portal for the digital asset activities, exactly like today's Browser could be the portal for accessing global news and information. Imagine a dashboard that not just shows what assets you have, but additionally exactly how many assets are locked in different open financial agreements (loans, asset pools, and insurance contracts). In the complete DeFi ecosystem, we now have also seen the trend of decentralizing management and decision-making power. Although the term "decentralization" is employed in DeFi, many projects today have a primary key for developers to close or disable dapps. That is done to facilitate upgrades also to provide emergency shut-off valves in the event of error codes. However , while the code becomes more tested, we are expectant of developers to abandon these backdoor switches. The DeFi community is tinkering with various techniques to allow stakeholders to vote on decisions, including through the use of blockchain-based decentralized autonomous organizations (DAOs). Some magical things are happening in the great outdoors financial system-cryptocurrency is making money online, and we are seeing a massive leap in the number of choices of currency functions. This is a rare chance to see brand-new industries bloom from scratch. The DeFi field will first catch up with today's financial services industry. But with time, even when the energy to build financial services is democratized to anyone who are able to write code, it'll be difficult to know what innovation will be produced.
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cladeymoore · 4 years
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A Beginner’s Guide to Decentralized Finance (DeFi)
By Sid Coelho-Prabhu
Cryptocurrency’s promise is to make money and payments universally accessible– to anyone, no matter where they are in the world.
The Decentralized Finance (DeFi) or Open Finance movement takes that promise a step further. Imagine a global, open alternative to every financial service you use today — savings, loans, trading, insurance and more — accessible to anyone in the world with a smartphone and internet connection.
This is now possible on smart contract blockchains, like Ethereum. “Smart contracts” are programs running on the blockchain that can execute automatically when certain conditions are met. These smart contracts enable developers to build far more sophisticated functionality than simply sending and receiving cryptocurrency. These programs are what we now call decentralized apps, or dapps.
You can think of a dapp as an app that is built on decentralized technology, rather than being built and controlled by a single, centralized entity or company. (Get used to this word, dapp, you’ll be seeing it a lot from here on out.)
While some of these concepts might sound futuristic–automated loans negotiated directly between two strangers in different parts of the world, without a bank in the middle– many of these dapps are already live today. There are DeFi dapps that allow you to create stablecoins (cryptocurrency whose value is pegged to the US dollar), lend out money and earn interest on your crypto, take out a loan, exchange one asset for another, go long or short assets, and implement automated, advanced investment strategies.
What differentiates these DeFi dapps from their traditional bank or Wall Street counterparts?
At their core, the operations of these businesses are not managed by an institution and its employees — instead the rules are written in code (or smart contract, as mentioned above). Once the smart contract is deployed to the blockchain, DeFi dapps can run themselves with little to no human intervention (although in practice developers often do maintain the dapps with upgrades or bug fixes).
The code is transparent on the blockchain for anyone to audit. This builds a different kind of trust with users, because anyone has the opportunity to understand the contract’s functionality or find bugs. All transaction activity is also public for anyone to view. While this may raise privacy questions, transactions are pseudonymous by default, i.e. not tied directly to your real-life identity.
Dapps are designed to be global from day one — Whether you’re in Texas or Tanzania, you have access to the same DeFi services and networks. Of course, local regulations may apply but, technically speaking, most DeFi apps are available to anyone with an internet connection.
“Permissionless” to create, “permissionless” to participate — anyone can create DeFi apps, and anyone can use them. Unlike finance today, there are no gatekeepers or accounts with lengthy forms. Users interact directly with the smart contracts from their crypto wallets.
Flexible user experience — don’t like the interface to a certain dapp? No problem — you can use a third party interface, or build your own. Smart contracts are like an open API that anyone can build an app for.
Interoperable — new DeFi applications can be built or composed by combining other DeFi products like Lego pieces — e.g. stablecoins, decentralized exchanges, and prediction markets can be combined to form entirely new products.
DeFi is now one of the fastest growing sectors in crypto. Industry observers measure traction with a unique new metric — “ETH locked in DeFi”. At the time of writing, users have deposited over $600 million worth of crypto into these smart contracts.
Intrigued? Let’s take a closer look at just a few of the popular DeFi dapps out there that you can try today. You’ll need a cryptocurrency wallet with a built-in dapp browser (like Coinbase Wallet) to connect to these dapps. You can also use most of these dapps on desktop by selecting the Coinbase Wallet option and scanning a QR code.
It’s still early days for dapps, so DeFi users should do their research on new products and services. Like any computer code, smart contracts can be vulnerable to both unintended programming mistakes and malicious hacks.
Stablecoin and Decentralized Reserve Bank: MakerDAO
Maker is a stablecoin project where each stablecoin (called DAI) is pegged to the US Dollar and is backed by collateral in the form of crypto. Stablecoins offer the programmability of crypto without the downside of volatility that you see with “traditional” cryptocurrencies like Bitcoin or Ethereum.
You can try creating your own DAI stablecoin on the Maker Oasis dapp. Maker is more than just a stablecoin project, though–it aspires to be a decentralized reserve bank. People who hold a separate but related token, MKR, can vote on important decisions like the Stability Fee (similar to how the Federal Reserve’s Federal Open Market Committee votes on the Fed Funds rate).
Another stablecoin with a different architecture is USD Coin (USDC), where every USDC token is backed by one US dollar held in an audited bank account.
Borrow and Lend: Compound
Compound is a blockchain-based borrowing and lending dapp — you can lend your crypto out and earn interest on it. Or maybe you need some money to pay the rent or buy groceries, but your funds are tied up in your crypto investments? You can deposit your crypto to the Compound smart contract as collateral, and borrow against it. The Compound contract automatically matches borrowers and lenders, and adjusts interest rates dynamically based on supply and demand.
Other popular borrow/lend dapps are Dharma and dYdX. Aggregators like LoanScan track borrow/lend interest rates across the various dapps, so you can shop around for the best rates.
Automated Token Exchange: Uniswap
Uniswap is a cryptocurrency exchange run entirely on smart contracts, letting you trade popular tokens directly from your wallet. This is different from an exchange like Coinbase, which stores your crypto for you and holds your private keys for safekeeping. Uniswap uses an innovative mechanism known as Automated Market Making to automatically settle trades near the market price. In addition to trading, any user can become a liquidity provider, by supplying crypto to the Uniswap contract and earning a share of the exchange fees. This is called “pooling”.
Other popular Decentralized Exchange platforms (DEXes) include 0x, AirSwap, Bancor, Kyber, IDEX, Paradex and Radar Relay. All have slightly different architectures.
Prediction Markets: Augur
Augur is a decentralized prediction market protocol. With Augur, you can vote on the outcome of events, except you put ‘skin in the game’ by attaching a value to your vote. Prediction market platforms like Augur and Guesser are nascent, but offer a view into a future where users can make better predictions by tapping into the wisdom of the crowd.
Synthetic Assets: Synthetix
Synthetix is a platform that lets users create and exchange synthetic versions of assets like gold, silver, cryptocurrencies and traditional currencies like the Euro. The synthetic assets are backed by excess collateral locked into the Synthetix contracts.
No-loss savings games: PoolTogether
The composability of DeFi lends itself to infinite new possibilities. PoolTogether is a no-loss game where participants deposit the DAI stablecoin into a common pot. At the end of each month, one lucky participant wins all the interest earned, and everyone gets their initial deposits back.
So what’s next for DeFi?
Money and finance have been around in one form or the other since the dawn of human civilization. Crypto is just the latest digital avatar. In upcoming years, we might see every financial service that we use in today’s fiat system being rebuilt for the crypto ecosystem. We’ve already seen asset issuance and exchange, borrowing, lending, custody, and derivatives built for crypto. What’s next?
The first generation of DeFi dapps rely heavily on collateral as a safeguard. That is, you need to already own crypto and provide it as collateral in order to borrow more crypto. More traditional unsecured borrowing and lending will need to rely on an identity system, so that borrowers can build up credit and increase their borrowing power, much like today’s SSN and FICO scores. Unlike today’s identity and credit systems however, a decentralized identity will have to be both universal and privacy-preserving.
We’re also seeing innovation in the insurance space. Many of today’s DeFi loans are overcollateralized (meaning that loans seem inherently safe because of the generous cushion of assets held in reserve). But the black swan for DeFi is smart contract vulnerabilities. If a hacker finds and exploits a bug in the open source code for a dapp, millions of dollars could be drained in an instant. Teams like Nexus Mutual are building decentralized insurance that would make users whole in the event of smart contract hacks.
Another trend we’re seeing is better user experience. The first generation of dapps was built by blockchain enthusiasts for blockchain enthusiasts. These dapps did a great job of demonstrating exciting new DeFi possibilities, but the usability left something to be desired. The latest iterations of DeFi apps are prioritizing design and ease of use in order to take open finance to a wider audience.
In the future, we expect that crypto wallets will be the portal to all your digital asset activity, just like an internet browser today is your portal to the world’s news and information. Imagine a dashboard that shows you not just what assets you own, but how much you have locked up in different open finance protocols–loans, pools, and insurance contracts.
Across the DeFi ecosystem, we’re also seeing a move towards decentralizing governance and decision-making. Despite the word “decentralized” in DeFi, many projects today have master keys for the developers to shut down or disable dapps. This was done to allow for easy upgrades and provide an emergency shutoff valve in case of buggy code. However, as the code becomes more battle-tested, we expect developers will give up these backdoor switches. The DeFi community is experimenting with ways to allow stakeholders to vote on decisions, including through the use of blockchain-based Decentralized Autonomous Organizations (DAOs).
Something magical is happening in the open financial system — crypto is bringing money online, and we’re seeing a quantum leap in what’s possible when it comes to the functionality of money. It’s a rare opportunity to see an entirely new industry blossom from scratch. The DeFi space will at first play catch up with today’s financial services industry. But over time, it’s hard to even fathom what innovations will come about when the power to build financial services is democratized to anyone who can write code.
More resources
If you’d like to dive deeper into the DeFi rabbithole, here’s a list of resources you might find helpful
DeFi Pulse
DeFi Prime
Introducing USDC
Stablecoin Stats
Decentralized Lending
Help us build an open financial system
If you’re inspired by the potential of a new financial system that serves everyone, everywhere, get in touch. We’re hiring!
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A Beginner’s Guide to Decentralized Finance (DeFi) was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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