Enroll Course: https://www.coursera.org/learn/decentralized-finance-deep-dive-duke
The world of Decentralized Finance (DeFi) is rapidly evolving, and staying ahead requires a deep understanding of its intricate protocols. Coursera’s “DeFi Deep Dive,” the third installment in their “DeFi and the Future of Finance” specialization, offers exactly that – an in-depth exploration of leading DeFi protocols. It’s crucial to note that this course is designed for those who have already completed the foundational “DeFi Infrastructure” and “DeFi Primitives” courses. As the longest of the four-part series, “DeFi Deep Dive” truly lives up to its name, providing a thorough examination of key areas within the DeFi ecosystem.
The syllabus is meticulously structured, beginning with **Credit and Lending**. Here, learners dive into the mechanics of MakerDAO and its stablecoin DAI, unraveling the concept of collateralized debt obligations. The course also offers a detailed look at prominent lending protocols like Compound and Aave, dissecting their operational frameworks.
Next, the course tackles **Decentralized Exchange (DEX)**. This module provides an in-depth analysis of Uniswap v2 and v3, two of the most influential AMM (Automated Market Maker) protocols. It also generalizes to the two-asset AMM concept introduced by Balancer. The module thoughtfully concludes with discussions on rehypothecation and Total Locked Value (TLV), essential metrics for understanding DeFi growth.
The third module, **Derivatives**, introduces learners to leading protocols in this complex space. It explains the mechanics of fixed-rate lending and borrowing through the Yield Protocol, and further explores the functionalities of dYdX and Synthetix, two significant players in DeFi derivatives.
Finally, the **Tokenization** module focuses on how assets are represented and managed within DeFi. The Set Protocol is featured, illustrating how to create tokenized portfolios akin to Exchange Traded Funds (ETFs) in traditional finance, covering both active and passive strategies. The module rounds off with a discussion on the practical use of wrapped Bitcoin and wrapped Ethereum in DeFi applications.
Overall, “DeFi Deep Dive” is an exceptional course for anyone looking to gain a sophisticated understanding of DeFi protocols. Its comprehensive coverage, practical examples, and clear explanations make it a highly recommended resource for developers, investors, and enthusiasts alike who want to navigate the cutting edge of financial innovation.
Enroll Course: https://www.coursera.org/learn/decentralized-finance-deep-dive-duke