Table of contents

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How to study DeFi

πŸ’‘ Curiosity is your best teacher. Read, try, ask questions... Never stop to seek knowledge πŸ–₯️ Most information is public in Twitter, YT, Medium and Mirror.xyz, White papers... πŸ’° Commit some $ in order to deeply understand how it works. Real life use will leverage your knowledge

<aside> πŸ’‘ Want some inspiration?

Easy πŸ’š Intermediate πŸ’™ Pro πŸ’œ

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Content and learning

DeFi protocols compilation

Ethereum scaling solutions

Decentralized wallets that I like


DeFi Glossary πŸ“š

(thanks plasma.finance)

Aave

Aave is an open-source and non-custodial lending protocol enabling the creation of money markets.

Users can earn interest on deposits and also borrow assets. Aave provides depositors a Liquidity Token that represents an equivalent derivative deposit in an identical asset.

For example, a user can deposit DAI and receive aDAI, which is a type of USD-based crypto derivative that essentially represents the value of the underlying DAI asset plus the interest gains from allowing the borrowing of one's DAI. That aDAI, could then also be used to implement further strategies to potentially amplify their gains even further.

Alpha Code

Early-stage prototype computer code, programs, and algorithms meant to solve a problem, and/or provide new digital goods or services. Alpha software comes with the expectation that the code is at an early prototype stage and is meant for an early testing phase meant for very limited testing.

Alpha code or software may be missing all or parts of expected software functionality. Planned features and the security of the software may also be very limited or even non-existent in many aspects.

Audit

An audit is either an internal or independent comprehensive review of a concept, system, process, company, or product. A comprehensive audit includes a thoughtful and in-depth look at the structure, strengths, weaknesses, and vulnerabilities of the thing or process being audited.

Audits may be either informal or formal audits and are meant to be a tool to find and analyze weaknesses, so that issues and problems discovered during an audit may be remediated, mitigated, or corrected.

APY

Annual Percentage Yield, a time-based measurement of the Return On Investment (ROI) on an asset. For example, $100 invested at 2% APY would yield $102 after one year, if there is no compounding of any interest earned on that $100 through the year. Assuming a static APY rate, the Monthly ROI would be 0.16%, in this case.