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Beginner - Intermediate
In your own time, ~1 week

Understanding DeFi Credit Markets

Dive into the world of DeFi finance with our course, where you'll master the intricacies of leading DeFi protocols like MakerDAO, AAVE, and Compound. Learn to navigate lending and borrowing mechanisms, all within the dynamic realm of blockchain technology.
Obtained title
Beginner to Intermediate
1 week
Start date
27 November 2023
Payment options (VAT included)
Pay with $STC


/ in STC
Pay with Card


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Course description
This course is part of a "Compendium of Decentralized Finances". The course will be delivered entirely online, allowing students to study remotely from anywhere in the world.
Students are required to have English language proficiency, as the course is conducted entirely in English.
Practical tutorials
Students should have a basic understanding of DeFi concepts and applications. It is recommended that students have completed:
Blockchain Technology Basics
Prof. Joanna Adams
 Stake $100 in
or have equivalent knowledge. Basic knowledge of programming is not required, but is beneficial.
Course of study
Introduction to Decentralized Credit Systems

Learn about the key differences between traditional and DeFi systems. Explore how traditional lending relies on intermediaries, in contrast to decentralized systems that use blockchain technology for peer-to-peer transactions. The first chapter also covers the benefits and risks associated with DeFi lending, including increased accessibility and potential security concerns.

Video Lectures
Optional readings
MakerDAO: Revolutionizing Decentralized Stablecoins

In the second chapter you will explore the MakerDAO protocol, learning how it operates a dual-token system with MKR for governance and DAI as a stablecoin. Understand the significance of collateralization ratios and liquidation, as well as the role of MKR token holders in governing MakerDAO. Finally, gain insight into how these elements collectively ensure the stability and functionality of DAI in the DeFi ecosystem.

Video Lectures
Practical tutorials
Introduction to Aave – A New Era of DeFi Lending

Learn about Aave's non-custodial liquidity market, which allows users to lend or borrow assets, retaining control over their assets without a central authority. This chapter also covers the process of depositing cryptocurrencies into Aave's liquidity pools to earn interest, and the concept of overcollateralized or undercollateralized borrowing. Furthermore, understand Aave's unique features like flash loans and stable loans.

Video Lectures
Practical tutorials
Navigating Compound: From theory to practice

Understand the mechanics of Compound, allowing lending and borrowing of various cryptocurrencies, with interest rates adjusted algorithmically based on supply and demand. Learn about cTokens, representing user's share in the liquidity pool. Explore overcollateralization for borrowing, and practical steps for using Compound's features.

Video Lectures
Practical tutorials
End of the course

End of the course followed by a course glossary and a certification.

Course glossary
Please note that the University reserves the right to modify or cancel the course, as well as to revise the admission requirements or tuition fees, without prior notice.
Skills you will gain
Upon completion of this course, you will gain the following skills:
Grasping overcollateralization for borrowing stability
Navigating cToken generation and usage
Executing smart contract interactions for lending/borrowing
Analyzing supply and borrow rate dynamics
Utilizing the mechanics
of flash loans
Mastering decentralized borrowing and lending
Managing smart contract risks in lending
Implementing secure cryptocurrency wallet practices
Understanding collateralization for loan security
Admission requirements
You can enroll in the course after signing up for the STC Wallet.

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.
Student Requirements and Process:
Sign up to the STC Wallet.
Join waitlist
Select the payment option that best suits your needs and complete payment.
Click the link in the email and access our course platform.               
Please note that additional terms and conditions may apply to enrollment, and the University reserves the right to modify or cancel any course, as well as to revise the admission requirements or tuition fees.
Sign for the waiting list and receive 15% future discount
Be ahead of the crowd and secure your spot for this exciting offering by signing up for our waiting list today. You will not only be among the first to know when it becomes available, but you will also enjoy an exclusive discount of 15% off the regular price.
Stake   •   Refundable

$100 $70

/ in STC
Pay   •   Non-Refundable

$20 $14

/ once
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