Navigating the DeFi Derivatives
This chapter provides a comprehensive look into the world of decentralized DeFi derivatives, spotlighting key platforms like DYDX, Synthetix, and Yield Protocol. It explains the transition from traditional financial to DeFi derivatives, which leverage blockchain technology for a transparent, trustless experience.
In this section, you will learn about the Yield Protocol, a DeFi platform that enables users to earn yields on cryptocurrency assets through lending and borrowing. You will explore how fyTokens offer a stable, predictable return, in contrast to the variable rates common in other DeFi platforms. Additionally, you will understand the role of yield curves in analyzing investment returns and how the protocol facilitates both lending and rate betting in the cryptocurrency market.
The chapter highlights the differences between dYdX and traditional derivatives, focusing on decentralization, perpetual contracts, and leverage options. You will also understand practical aspects, including setting up a dYdX wallet, using various order types, and the function of leverage in trading. Additionally, the role of 'keepers' in automating tasks like liquidation and the mechanics of lending, borrowing, flash loans, and perpetual futures on dYdX are also covered. This segment aims to provide a concise yet comprehensive understanding of the dYdX protocol in the DeFi ecosystem.
In this section, you will explore Synthetix's liquidity provision mechanism, where stakers offer funds to support synthetic assets, and understand key metrics like total trading fees and TVL. The course highlights the differences between Synthetix and traditional finance, emphasizing access, control, and transparency. You will also discover how to mint synths through collateralization, using SNX, and the incentives for providing liquidity. Additionally, you'll gain practical knowledge on using Synthetix, from setting up a wallet to collateralizing assets. This segment aims to provide a succinct yet comprehensive understanding of Synthetix and its unique position in the DeFi landscape.
In the last section, you will learn about perpetual futures in the context of NFTs (non-fungible tokens) through platforms like nftperp, Overlay, and Sujiko. These platforms collectively represent emerging opportunities in NFT perpetual trading within the DeFi space.
End of the course followed by a course glossary and a certification.
There are no specific admission criteria regarding the level of education or professional experience.
However, each candidate must have English proficiency that allows free writing, listening, reading, and speaking communication. Furthermore, each candidate must have access to the Internet and fill out the required application form.