Description
DeFi and the Future of Finance is a set of four courses that focus on decentralized finance. The second course is called DeFi Primitives. It is recommended that you take the first course, DeFi Infrastructure, before this course. Here we talk about transaction mechanics and introduce both fungible and non-fungible tokens – or NFTs. The course explores the important issue of custody (holding private keys). The course then explores supply adjustment which includes the minting and burning of tokens. The mechanics of bonding curves are introduced. The course then explores the role of direct as well as indirect incentives in the DeFi system. We then analyze swaps or decentralized exchange. We begin by contrasting DEX with centralized exchange (e.g., Coinbase or Binance). The course details the mechanics of Automated Market Makers and provides a number of detailed examples. There is a discussion of impermanent loss as well as (legal) front-running. We end the course by exploring both collateralized and flash loans.
What Will You Learn?
- Blockchain mechanics
- Analysis of Decentralized Finance primitives
Requirements
- Completion of Course 1: Decentralized Finance (DeFi) Infrastructure
Curriculum
Course consist of total 3h 57min of content, in total.
Section 1: Module 1: The Mechanics of Modern Decentralized Finance
Section 2: Module 2: Supply and Ownership
Section 3: Module 3: Swaps and Loans
Section 4: Module 4: Joining the World of DeFi
About the Instructor
Campbell R. Harvey is Professor of Finance at Duke University in Durham, North Carolina and a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts. He served as President of the American Finance Association in 2016 and as Editor of the Journal of Finance from 2006-2012. Over the past seven years, Professor Harvey has taught Innovation and Cryptoventures which focuses on decentralized finance and blockchain technology. His book DeFi and the Future of Finance was published in 2021 by John Wiley and Sons. He just launched on BitDegree a four-course learning experience under the same name.
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