Blockchain-based Financial Markets | DeFi digital finance stack - Discussion

[cryptopowers]

Hi All

This new DeFi environment is amazing. I am developing several personal applications for the space and may create some public ones as well.

I am wondering if the traditional market makers/manipulators will also be able to use their same old tricks in manipulating these new markets. I am seeing some of this with BTC already. I hope that we can prevent this using the DeFi tools available to us but I think it may end up being a deeper problem where large transaction manipulation will have to actively be prevented in some way. With Greyscale alone buying up a large portion of BTC they will be able to sway the markets if desired. Exchanges will also be able to do this and already are however DeFi tools will prevent some of this.

My Goal would be to create a space where large market manipulators are excluded but I think it would have to be a gated DeFi space or exchange or even a token/coin. I suppose it would be a free market but where one player is limited in their wealth allowance so that 1% cannot control 90% of the wealth. We are seeing this rapidly happen with BTC right now.

Sincerely

Kelly Powers

[Yavuz_Gedik]

Hi Amadeo,

There are many innovations happening on the technical side of DeFi projects.

The main question is how to provide more liquidity and lower the gas/transaction fees.

A solution does not have to be complicated. A quick win could be the gas/transaction fees.

These fees are to high or are fluctuating to much. A solution could be a max of 0.1% fee of the transaction size.

Or

The fees could be deducted from the interest which are earned or spread the gas fee over the earned interest.

With this added option people with smaller capital size will create a tsunami to the DeFi space with much more liquidity than Big Whales. These smaller fish will create also more stability to the DeFi ecosystem.

There is a Dutch saying “The masses fills the cash desks”.

[amadeobrands]

@bneroar

The other which has not been mentioned here yet is the gaming side. Gamers and co are always in the forefront of initiatives. The same again all the team I employ mainly just under 30 years old all meet up and play there online games,there probarbly already exsists a decentralized protocol for gamers, however in the mainstream i try to explain to them defi and blockchain, and they wonder what I am smoking!!!, seems to me we need a different approach to get these regular income earners to embrace this new concept, like they do with there online gaming

Blockchain Gambling—The Oxymoron Solution

Blockchain Gambling—The Oxymoron Solution

See here a article I wrote … I would still be interested to start a self managed casino empire that is maintained via open source etc … Issues I faced is treats and real danger when trying to innovate in this space.

[amadeobrands]

@Eric

Hi Amadeo, about the bridge, I think that open banking will be the key. And will be again 2 kind of bridges,
ce-brid form and de-brid (yeap new words). Regards

Correct I’m now looking into Payment services (PSD 2) - Directive (EU) 2015/2366

Payment services (PSD 2) - Directive (EU) 2015/2366

As you see this basically gives me full access to banks since all banks in the EU have API’s that will give access if the user allows this when you fall under the PSD 2 license regime. Would love to build something that pulls people out of CeFi and into DeFi let me know if you guys have any good ideas around this.

[amadeobrands]

@cryptopowers

My Goal would be to create a space where large market manipulators are excluded but I think it would have to be a gated DeFi space or exchange or even a token/coin. I suppose it would be a free market but where one player is limited in their wealth allowance so that 1% cannot control 90% of the wealth. We are seeing this rapidly happen with BTC right now.

Interesting would like to hear how you want to do this?
Since in my view this is just how the markets mostly work … smart money is not bad it just means that people interesting with DeFi just need to be smarter … I believe in open and free markets for all.

[amadeobrands]

@Yavuz_Gedik

With this added option people with smaller capital size will create a tsunami to the DeFi space with much more liquidity than Big Whales. These smaller fish will create also more stability to the DeFi ecosystem.

There is a Dutch saying “The masses fills the cash desks”.

It think the DeFi market is maturing nicely we do need some more smart brains to collect their brain power and invest some brain juice in the space.

What find really interesting is Chi tokens.

1inch introduces Chi Gastoken

There is many ways now how we can sync cheap to the main chain.

[Yavuz_Gedik]

Wow, Chi tokens will change a lot regarding cheap gas prices. I think smart brains also have to mimic existing Banking tools front end experience to give new users a soft landing. But I agree there are great project’s going been developed in the DeFi space.
Thanks for the feedback
Gr Yavuz

[jdbarrancs]

Hi everyone, I’m trying to get into KyberSwap, but I get Error 1020 every time, I even tried different browsers. Anyone know what I can do? Been doing a bunch of research, and can’t seem to get into KyberSwap.

[cryptopowers]

HI Amadeo

I have a few ideas. I also believe in a free, and fair, market. One problem that I see with current market systems is that a single player or group can control the markets thus monopolizing them. This is what I would like to see prevented in finance and business and why many people are looking at local economic markets. I have learnt that with Bitcoin you can actually black list a specific coin and I find that very interesting. In farming for instance if a small player establishes a small local market a larger player can drop their prices to zero, at negative profit, to push out and destroy the smaller player. While this is accepted it should somehow be prevented. Through blockchain technologies some of this kind of thing will be prevented at the consumer level. If we know the value of the product ( source as well as content and story ) and not just the price then consumers can make the active decision to support said monopoly or the individual farmer in this case. Regardless of price, for instance, I will not buy products from certain regions or owners ( due to their business practices ) and I am far from alone. The visibility is not there yet but it is coming. There is more to it than this simple explanation. Freedom of finance in all aspects will be very interesting in any case and I am glad to be gaining knowledge in the industry.

Sincerely

Kelly Powers

[cryptopowers]

Hi

What Operating System are you using and what antivirus if any? Also what browsers have you tried?

Sincerely

Kelly Powers

[snape]

Just thinking out loud here, I can think of 3 parts to consider (and I may be missing something fundamental!):
1: A decentralised marketplace that acts as the shop that sells ‘products’ (OK I’m stuck here straight away how do you create a dex marketplace that can sell legit products)
2: Transferring funds - could this be done by effectively buying a single product or subscription in the same way you’d purchase any other online marketplace item
3: Tracking the defi ‘product’. Once a dex marketplace is setup you’d need to offer an open API so sold products can interface with the banking app detailing performance stats.

The biggest issue here is how to setup a dex marketplace that is allowed to sell products globally. Maybe this Malta would allow this without the need for a company director or individual to take responsibility of paying taxes…how to convince a government to trust a smart contract…

[snape]

I’m working my way through Defi 101, 201 and the gaming courses with a view to creating skill based games where players can win money in the form of tokens.

@amadeobrands do you have any experience or knowledge around the concept that skill based games where you pay to play that also offer tokenised (with real world value) rewards may be treated differently to gambling.

The process as I see it is that the player can spend (enjin tokens for example) to play and rewards will be sent directly to their crypto wallet, instead of via the gaming app. However the gaming app will still be able to produce notifications that the player has won the skill based game.

I have partially built a proof of concept game in Unity already that can demonstrate the skill based idea and I’d be happy to share it along with the token economics (in DM) if you’d like more details.

Thanks

Spencer

[amadeobrands]

@snape

I have partially built a proof of concept game in Unity already that can demonstrate the skill based idea and I’d be happy to share it along with the token economics (in DM) if you’d like more details.

Cool always love to talk about token economics

[bneroar]

This maybe a strange question, however does the person who has the collateral, but circumstances change and they are short, Does that person get a chance to top up there collateral before it is auctioned or re-valued in dai.

[amadeobrands]

There will be multiple warnings yes.
You just need to be sure to not go below ± %170 then your normally safe

[jdbarrancs]

Hi, I’m on windows 10, no antivirus just the one that comes with windows. I tried on Brave, Firefox and Chrome.

[cryptopowers]

Hi

I would first try clearing the cache for the browser and history. If that fails you can try adding the site to Microsoft security essentials as being safe. It could be blocking it. Let me know if that works,

Sincerely

Kelly Powers

[mjm52894]

@amadeobrands The content that you provide for us here is invaluable. I’m humbled that I am able to partake in this course. My investment went well. I continue to learn more and more each and every day and I become more fascinated with this space
I’ve been in this space for 3 years and the one thing I would love to see, and that I care a lot about, is education on a grand-scale about blockchain, cryptocurrency, DeFi, money, etc. Teaching the average individual about crypto defi, blockchain, money, economics, etc. I believe is key. Getting mass adoption and understanding into this space. Without the terrible narratives associated with it. I love what Ivan has created here. It’s a nice platform for individuals to get deep understanding and insights about money, crypto, defi blockchain etc. that many people in the general population don’t even understand.
I think crypto biggest challenge is how to get this information out to the masses and how to instruct them in the way that grandma and grandpa can understand it without all the technical jargon. Kinda like the iPhone. Make it simple not complex like the Android (Note: I love Android). However, it’s not as simple as the iPhone. And I know that’s like comparing apples to oranges, but I digress
For me, this space has made me question and challenge a lot of my traditional way of thinking about money, economics, history, etc. I see my career going in this totally different direction compared to where I initially intended it to go. I want to educate people worldwide about this technology and money in a simplistic manner that the average Joe on the street can understand it. Thank you @ivan for this amazing content!
Keep up the good work!

[RLion]

My interest goes to the derivative market to build a insurance into existing wallets by constructing option combination to take optimal benefits and lower the overall risk.
i have done some stuff in the normal CiFi world as ‘hobby’. i am not a financial guy but just interested.

[Mroman]

I see two clear use cases, since I work in tradicional banking, easy to spot two places were significant improvement can be made.

1. Corporate Loans; syndicate / bilateral loans market purely dominated by major banks. Basically if companies could borrow from a pool on a DEFI protocol by providing their own company token as collateral. Just an idea but this will give ownership to the lenders of the company in case fail to meet obligations.
2. Mortgage loans; I would love to deal with a DEFI plattform instead a bank to get a mortgage and pay back in cryptocurrency. I could tokenize my house as collateral, again just an idea.