What is DEFI? Decentralized Finance Explained (Ethereum, MakerDAO, Compound, Uniswap, Kyber)

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  • Опубликовано: 2 окт 2024

Комментарии • 552

  • @Finematics
    @Finematics  4 года назад +34

    ❓What is your favourite DeFi project? Comment down below
    👍Hit the like button if you enjoyed this video
    🐦Follow Finematics on Twitter ► twitter.com/finematics
    💛Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics

    • @mVpSlayer
      @mVpSlayer 4 года назад

      Elrond (eGOLD)

    • @johndango4043
      @johndango4043 4 года назад +5

      Bitconnect

    • @domaneroke5332
      @domaneroke5332 4 года назад +2

      mantraDAO (OM)

    • @Dailystarmanmemes07
      @Dailystarmanmemes07 4 года назад

      Forsage

    • @28annabel
      @28annabel 4 года назад

      The rise of the DeFi economy can’t be swept aside any longer and Fusion is one of the key drivers of this inevitable rise. Fusion’s vision of an interoperable platform has endeared it to many DeFi projects.
      www.newsbtc.com/press-releases/the-10-must-read-defi-trading-tips/

  • @mi3rebus
    @mi3rebus 4 года назад +748

    Im proud to be a student in the university of youtube

    • @AX1A
      @AX1A 4 года назад +8

      You’re right to feel that way! In fact RUclips “U” is superior to legacy brick /mortar institutions. That is, those who know practice (and explain on YT), while those who don’t gain tenure within those tired halls

    • @ja7857
      @ja7857 4 года назад +6

      You kind of need both. RUclips gives breadth of knowledge but it does not really provide depth. Nothing can substitute doing things yourself and doing the work yourself.

    • @28annabel
      @28annabel 4 года назад

      haha same here :))
      I just want to say that as I can see #Anyswap is also a project with the future and it's way cheaper then #Uniswap
      you can see more here : cryptonews.com/news/anyswap-s-decentralized-cross-chain-swap-protocol-vs-central-7262.htm

    • @stressrelief9597
      @stressrelief9597 4 года назад +1

      @@28annabel Vouch for Anyswap as well...very good platform and they recently added ETH so it is time for exchange!! :)

    • @gadget00
      @gadget00 4 года назад +2

      Dude, go study for real. Don’t try to rationalize your favorite time-waste

  • @VoskCoin
    @VoskCoin 3 года назад +157

    you're doing a great job w/ your channel and videos, keep it up!

  • @achromcapital8689
    @achromcapital8689 3 года назад +5

    I'm not a noob in DeFi, I was studying hard about it since 5-6 months ago. But you f*ck*d my mind in 12:23 minutes in an awesome mode. This is without dude the best information about DeFi that I founded on Internet. I can only say you congratulations and I spect that you'll continue doing this for decades.

  • @nerdowlesa
    @nerdowlesa 4 года назад +139

    I see the cryptocurrency universe becoming a course in college and high school

    • @habibbialikafe339
      @habibbialikafe339 3 года назад +3

      it already is! i go to university of san francisco and my comp sci friends have taken 1 or 2 classes in it

    • @Manu-ei8dv
      @Manu-ei8dv 3 года назад +3

      It already is, some of universities in australia has blockchain courses

    • @marcnerva6030
      @marcnerva6030 3 года назад

      You can find detailed recorded lectures from MIT on a bunch of crypto topics.

    • @fan1008
      @fan1008 3 года назад

      Us old folks don't have to worry about classes, we get grandfathered in!

  • @everin4205
    @everin4205 3 года назад +24

    Defi is the future we believe in! Thank you for the great explanation. We hope that this video helped a lot of people!

  • @patrickcadiente1253
    @patrickcadiente1253 3 года назад +10

    This is quite a lot to take in but I'm thankful you've thoroughly explained this. More power to this channel 😊

  • @UrbanLegend131
    @UrbanLegend131 3 года назад +5

    Had to watch this video x10 times to get my head around it all. But really very useful, thank you. 🧠

    • @Finematics
      @Finematics  3 года назад

      Thanks. Glad it was helpful!

  • @asdf198
    @asdf198 7 месяцев назад

    This is the best YT vids I've seen providing a survey of a domain, thank you!

  • @Showmetheevidence-
    @Showmetheevidence- 2 года назад +9

    Great video... but I'd argue DEFI is actually still just as expensive as CEFI for now.
    By the time you've paid to buy crypto, exchange coins, send coins and then withdraw back into fiat... the fees are pretty heavy.

  • @domaneroke5332
    @domaneroke5332 4 года назад +9

    your works is beyond the greatness! thank you so much!

    • @Finematics
      @Finematics  4 года назад

      Thanks! You’re welcome :)

  • @williamagbomadzi4754
    @williamagbomadzi4754 4 года назад +31

    Now that’s RUclips University 💯

    • @overtimes3b
      @overtimes3b 3 года назад

      I'm here because my professor said there was no class today and linked this video calling it a lecture

  • @almac2811
    @almac2811 3 года назад +26

    Thank you so much for all the effort you put in making DeFi understandable for the common user. I already went through all your videos/articles in your DeFi guides and, although I'm not anything close to a programmer, I now have a better notion of the whole concept. Your work is solo valuable, I cannot thank enough. Cheers from Mexico.

  • @starblazer13
    @starblazer13 4 года назад +3

    Came from Ivan's stream also. Keep up the great content. I will be forwarding your videos to my non crypto friends and your channel will grow organically.

  • @maxthevalue8893
    @maxthevalue8893 2 года назад +1

    Awesome stuff. DeFi is the next big thing and could potential replace banks altogether.

  • @VIJAYGANTHcryptoworld
    @VIJAYGANTHcryptoworld 4 года назад +3

    Very well explained. I couldn't find wats defi projects. Tweeted to many crypto experts and finally ur video explanation was good to understand. Keep rocking. 🔥🔥

    • @Finematics
      @Finematics  4 года назад +2

      Thanks! Great it was helpful :)

  • @theadvertpeople
    @theadvertpeople 4 года назад +3

    I am very into DeFi, I hold a few different coins in savings. Thanks for your content, I am a new subscriber from UK!

    • @Finematics
      @Finematics  4 года назад

      Welcome aboard! :)

    • @sandrosubeliani1106
      @sandrosubeliani1106 3 года назад

      Yo man, rn is the best time to buy Wise Token. It is currently at 50 cents and it has price floor of 30 cents. Idk man, Wise project is something that will skyrocket pretty sure. If someone does not know how to buy it here you go with tutorial on Uniswap ruclips.net/video/TK84iZf_7yc/видео.html

  • @WalterKaan
    @WalterKaan 3 года назад +1

    Wow, super-clear. A compelling video. Just have to learn a bit more about contracts and come back to this one! Thanks Finematics.

  • @jeylful
    @jeylful 3 года назад +2

    Thank you for this amazing content! You are doing a great service educating your RUclips audience! Cheers mate!

  • @cryptolovejones1761
    @cryptolovejones1761 4 года назад +4

    Excellent. Clear. Overview. Thx!

  • @Senniemiec
    @Senniemiec 3 года назад +13

    I work in CEFI and this is really eye opening. Traditional finance will have to change.

  • @CarlKruse
    @CarlKruse 4 года назад +36

    A good overview of the DeFi ecosystem.

  • @michaelwenzler9269
    @michaelwenzler9269 3 года назад +2

    this is so helpful and so interesting... Can't wait to watch more

  • @robertalban8679
    @robertalban8679 3 года назад +1

    I think uniswap haves huge potential
    i am considering buying some more after this video

  • @sacv2
    @sacv2 3 года назад +1

    So.. we are trying to change the whole financial system... Nice.

  • @davehickey2293
    @davehickey2293 4 года назад +17

    This is the first DeFi.video I’ve watched and it was easy to follow, covered lots of ground so I felt it gave me an excellent intro to the space. Thank you very much!

  • @pauldiract1910
    @pauldiract1910 4 года назад +2

    Thanks for producing this video

  • @XENHEAD
    @XENHEAD 3 года назад +3

    Appreciate the knowledge!!! keep it going!

  • @al8-.W
    @al8-.W 3 года назад

    I was redirected here from your decentralized finance video, where I had already been redirected from your uniswap video, and I am about to get redirected to your smart contracts video. Gosh, I should just watch all in chronological order before I risk a stack overflow XD

  • @garlicfries
    @garlicfries 4 года назад +2

    Excellent videos, love the diagrams and commentary.

  • @42JDD
    @42JDD 3 года назад +13

    I love that you also give examples of the projects and link them together!

  • @michaeldang8189
    @michaeldang8189 3 года назад

    I find that hard to follow in the video. I am sure the content is rich and meaningful, but it doesn't seem to be for beginners as the title somewhat suggested. There are lots of new and difficult terms for beginners like me and not much of explanation of what the fundamentals of DEFI are. But in any case, I subscribed and liked it. I can tell that the video making is high quality.

    • @michaeldang8189
      @michaeldang8189 3 года назад

      For example, I was hoping for a walkthrough or a use case of one transaction of DEFI. And explain how the system works and the steps involved.

  • @nalinkapila9598
    @nalinkapila9598 3 года назад +1

    An excellent tutorial

  • @andresaltamirano5841
    @andresaltamirano5841 2 года назад

    So much info thank you for this video 💯 🙏

  • @GreggsonWong
    @GreggsonWong 4 года назад +12

    Came here from Ivan on Tech. Great little video on DeFi.💯🚀👍

  • @IamDavidGauthier
    @IamDavidGauthier 2 года назад

    Super helpful, thanks!

  • @vincentli305
    @vincentli305 4 года назад +3

    It seems that Defi has become the buzzword in 2020. For Defi to develop effectively and inclusively, cross-chain protocol is essential. Drep began to develop its own cross-chain project in 2019. Will drep become the real gamechanger?

  • @arjoon
    @arjoon 4 года назад +8

    Your channel is by far the best I've found on defi. Keep up the awesome work!

  • @alianderson7204
    @alianderson7204 3 года назад +1

    Great video.

  • @johnjoyus6062
    @johnjoyus6062 4 года назад +6

    Does any of your videos explain a real life transaction as an example?

    • @brooklynchase1477
      @brooklynchase1477 4 года назад

      Hello John, I got a proposal that will interest you. Are you into cryptocurrency??
      I want to introduce you to binary options trade and how you can make money every day using your mobile phone

  • @attacktitan7849
    @attacktitan7849 3 года назад

    Hello I have watched alot of Videos trying to understand the new Flair Finance built on the Flair Network ant their Beta network. Most items I have found start right in the middle and dont explain all the basic details the way you seem to. Be nice if you would engage with Flair finance and do some videos. I just watched a couple and they are VERY simple, and help fill in alot of the gaps in an easy to understand way. You seem to have a gift for that,

  • @benlang174
    @benlang174 3 года назад

    Great video both verbally and through the illustrations! Please do something about the lick smacking sound though. With headphones it sounds like you're spitting in my ear.

  • @Emmanu_16
    @Emmanu_16 3 года назад +1

    Why am I only watching this now 😑
    Great content btw. Will watch more of your videos! 👍

    • @Finematics
      @Finematics  3 года назад +1

      Never too late. DeFi is just getting started :)

    • @Emmanu_16
      @Emmanu_16 3 года назад +1

      @@Finematics Thank you Sensei! 😊 Now on to the next vid 😁

  • @robertogobbo7917
    @robertogobbo7917 4 года назад +6

    RUclips: What is defi?
    Noone: a scam

  • @johnmorgan8127
    @johnmorgan8127 3 года назад +1

    Thank you so much

  • @roberts1782
    @roberts1782 3 года назад

    Thank you, I did find the video very informative

  • @HTXGlobal
    @HTXGlobal 4 года назад +2

    DeFi 👀 Huobi.com 👀

  • @etherealcrypto4259
    @etherealcrypto4259 2 года назад

    Terra anchor was an amazing idea

  • @StephenAldaco
    @StephenAldaco 4 года назад +4

    Honestly man this video is killer! I learned a lot and I feel I understand defi now 🙏

    • @Finematics
      @Finematics  4 года назад

      thanks!! good to hear it was helpful :)

  • @zhanchenguo3386
    @zhanchenguo3386 4 года назад +1

    Defi is not cheap, because most of Defi is based on non-scalable ethereum and when this industry grows, ethereum easily got traffic jam and price per transaction raise to a crazy number far more expensive than Cefi (the thing is with Defi your transaction more frequent than Cefi).

  • @bjaMoke
    @bjaMoke 3 года назад +1

    well done mate.

  • @sepman1
    @sepman1 3 года назад +1

    You are amazing - 'Nuff said!

  • @chopragaurav1
    @chopragaurav1 3 года назад +2

    All regulatory bodies across the world need to watch this video (can you please make an updated one?).
    Hope this video gains enough rep from RUclips so that it recommends to everyone.
    Thanks! 🔥

  • @omare7475
    @omare7475 4 года назад +2

    very confusing

  • @paytonlee9836
    @paytonlee9836 3 года назад

    I really want to make videos using the technique you are using here. Can you give me some advice on where to learn? Thanks so much. And btw, great informative videos on a challenging but extremely important subject. You go!

  • @ElChe-Ko
    @ElChe-Ko 3 года назад

    The think I keep not understanding is that in the real world, finance is ultimately linked to goods and services. I do not see the same in DEFI since I do not see any business accepting tokens except of bitcoin. So far it looks like everyone is buying tokens just to exchange them as stamps and then trying to profit on it.

  • @necromancer7712
    @necromancer7712 3 года назад +4

    Hands down, Best channel not just on RUclips bur across all the internet that can explain blockchain environment to a newbie like me. Thank you! Finally i am getting what this is all about

    • @Finematics
      @Finematics  3 года назад +1

      Thanks! Glad the videos are helpful :)

  • @joeymagdamit5750
    @joeymagdamit5750 3 года назад +1

    DeFi is the next generation of crypto in the upcoming years, many DeFis are worth holding until the alt season comes. First of all, the Blocknet introduced the DEX to the crypto world and the interoperability between blockchain.
    #ADA #BLOCK #MKR #ETH

    • @Mrhello187
      @Mrhello187 3 года назад +1

      Blocknet is a DEX OG

  • @bledarney1
    @bledarney1 4 года назад +3

    Fusion FSN has great tech with DCRM and is lead by one of the creators of Bitse who made Vechain and QTUM...Wedefi built upon fusion, with anyswap coming, as well as fiat gateways

    • @alexandralewis5790
      @alexandralewis5790 4 года назад

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      Here, at MSA Securities LLC, we conduct countless business transactions and make good profits constantly because we have the best financial brokers that are proficient money-related investigators and experienced specialists in remote trade and investments analysing with securities and shares of various organizations in USA that are required for profitable trades and investments.
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      To Register, start funding and earn good profits now.

  • @javierbitcoin677
    @javierbitcoin677 4 года назад +4

    congratulations for this work. So good mate.

  • @robertoreneaguilarvillarre7520
    @robertoreneaguilarvillarre7520 3 года назад +1

    Oh dang, i came here to try and answer 1 question and i now have like 40 more questions.... ¿? ¿¿??

  • @sortemout6
    @sortemout6 4 года назад +4

    Very good and insiteful - thanks V much

  • @FrancoisMasurel
    @FrancoisMasurel 4 года назад +2

    DeFi is not really cheaper anymore ;)

  • @abuaedmund7941
    @abuaedmund7941 4 года назад +2

    The DEFI initiative and idea is only now beginning to take strong footing and recognition even though it has been around for some time now. Not only is the technology highly promising, it is offering more investors the opportunity to invest smartly in the crypto industry. Some projects like Injective Protocol are looking to further decentralised this sector and idea making it more attractive and easily accessible to anyone with the launching of their platform and decentralized exchange.

  • @chiquioj3245
    @chiquioj3245 4 года назад +2

    The over all market retracement didnt seem to bother $YFII at #MXC_Exchange 💪

  • @8djd
    @8djd 3 года назад +1

    Where can I invest in defi, blockchain?

  • @cristiancandela245
    @cristiancandela245 3 года назад +3

    Man one of the most valuable information around. Cheers!

  • @regrote
    @regrote 4 года назад +3

    Great video. Came across you via your interaction on Ivan on tech superchat link. I hope you get increased viewers as a result. I subscribed and will go back and check out your other vids. Thanks!

  • @Psychometriks
    @Psychometriks 4 года назад +1

    Nice video. Why don't you do something similar about KAVA and COSMOS?

    • @Finematics
      @Finematics  4 года назад

      Thanks. Kava is on the list of videos I want to make :)

  • @technicalmasterjagdish5060
    @technicalmasterjagdish5060 4 года назад +1

    #yffi coin 2$ to 600$ crazy moon. 600$ to 80$. now 80$ to$?

  • @mazaheri.pourya
    @mazaheri.pourya 3 года назад

    my question is: are platforms like tokensets working as a yield farming platforms or these are something else. i think there must be some companies which help users get more profit from these complicated things in cryptocurrencies. these concepts are that much complicated that makes fears. and less users may attract to these concepts when banks and other normal finance systems are more clear. if we want decentralized finance we need to make some platform that makes profit with less effort and much more easier.

  • @soulwanco
    @soulwanco 3 года назад +16

    I find myself here as a natural counter movement to the events of wsb vs wallstreet in January 2021. Seeing a centralized abuse of power like that, exposing a closed and corrupt system left me wanting to find out more about DeFi and DEx. They gives me hope for the future. Eye opening events like those will only accelerate the transition. Great video.

    • @vegeta9501
      @vegeta9501 2 года назад

      I still find it insane that trading platforms simply stopped letting people sell GME

    • @raghavbhavsar828
      @raghavbhavsar828 2 года назад

      @@vegeta9501 Something i learned from your comment, GME. is it GameStop?

  • @CptWacko
    @CptWacko 4 года назад +1

    If you don't know about smart contracts related to finance, go read about the DAO first. But hey, I hope DeFi gets tested in every way and end up as a stable financing tool.

  • @TheCraptitude
    @TheCraptitude 4 года назад

    My Favourite Defi Project is bns.finance
    Salient features of BNSD:
    - Super high APYs
    - Multiple pools in which you can farm
    - Extremely Deflationary release overtime
    - Halving built in. 4 halvings happening where block rewards reduce.
    - Block rewards start with 1000 rewards per ETH block of BNSD and then reduce based on halving in the following fashion
    - 1000 - 500 1 day from genesis block
    - 500 - 250 7 days
    - 250-125 30 days
    - 125 - 100 90 days
    - Just 4% of rewards are reserved for dev funds. This is lowest in comparison across other defi projects like Sushi
    - Best part 50% of the dev funds are used for buying bns on a periodic basis
    - Contract is super clean as there is no mint function there except for the block rewards which are happening every block. So there is no risk associated with it. No time lock needed as only BNSChef can mint rewards and those rewards are specific to block

  • @ayobamiayobam1876
    @ayobamiayobam1876 4 года назад +1

    One of the best gainers today is $KSM that is currently listed on MXC_Exchange I think $20 is coming great news coming!! 🙌🙌🙌

  • @hungngo2857
    @hungngo2857 3 года назад

    great job, i am really curious about two types of dex, pool based and order base. I wonder can we combine these two concept?

  • @Bavubuka
    @Bavubuka 4 года назад +3

    Thanks homie

  • @quiksilver87
    @quiksilver87 4 года назад +3

    Wayy too much hype behind this. Still so far from adoption. please watch out guys

    • @kallsin4617
      @kallsin4617 4 года назад

      The same was said for bitcoin

    • @quiksilver87
      @quiksilver87 4 года назад

      @@kallsin4617 Great argument bro.

    • @chesterg.791
      @chesterg.791 3 года назад

      The technology behind email created the internet. Blockchain could have a similar impact in the long run. After all, technology developes at a compounding rate.

  • @kevinlowes366
    @kevinlowes366 4 года назад +1

    DeFi is a really popular subject now but at the same time its often misunderstood as there are extremely high fees for removing liquidity from stacking pool, at least a $100-$1500 thats a lot lol and the APR for stablecoins is too low like 2%. I use offchain operating platform PointPay, they don’t have crazy fees and pretty good APR for USDT (8%). Def much better comparing to compound or Aave

  • @SantoshSavanur
    @SantoshSavanur 3 года назад

    This video is awesome. What tools did you use to create these animations?

  • @airdropanalysis
    @airdropanalysis 4 года назад +2

    I like author's voice😁

  • @AX1A
    @AX1A 4 года назад +4

    Anyone else happy this vid only has 5k views? That is, by the time the herd gets here, we’ll already have positioned ourselves to leverage incoming

  • @DylanFowler
    @DylanFowler 4 года назад +4

    Subbed!!

  • @winsupport24
    @winsupport24 2 года назад

    We are using defi's to trade or like to do some activity ok i got it but u said there is no third party involved but in dex's the liquidity can be provided by a person so he is involving in it

  • @ttv_mrjack6749
    @ttv_mrjack6749 3 года назад

    Is there somewhere I can read on details on how this works? Such as a large PDF?

  • @catherinedilwyn8345
    @catherinedilwyn8345 3 года назад +2

    Hey anyone heard of YFBTC & YFETH, they have the same reward system as Bitcoin and Ethereum

    • @小飞-r3c
      @小飞-r3c 3 года назад

      WHATSAPP+447310491773

  • @tonyphueknien4078
    @tonyphueknien4078 3 года назад +1

    Its bcoz of my listening not good enough or the fintech technical terms, maybe. So I did not understand very well, anyhow this seem to be great for the next gen financial. I will be back to the class as much as I can. Thank you so much.

  • @itsmayur
    @itsmayur 3 года назад +1

    very educational, thank you very much

  • @RichoGoMa
    @RichoGoMa 3 года назад +1

    I got dizzy by watching this video.. so much information overheated my brain!

  • @christopherdobrinski9669
    @christopherdobrinski9669 3 года назад +3

    you should be a blockchain professor. i have not seen a better teacher. kudos

    • @Finematics
      @Finematics  3 года назад

      thank you! :)

    • @jeylful
      @jeylful 3 года назад

      Seconded!! Excellenet explanations!

  • @ic3b3rgi23
    @ic3b3rgi23 4 года назад +2

    Good video bruh. Great content. Very interesting space. DEFI been killing it. keep up the good work

    • @Finematics
      @Finematics  4 года назад +1

      thanks! DeFi is the future! 🚀

  • @Patrick-ud3vu
    @Patrick-ud3vu 3 года назад

    Blockchain is a whole other ecosystem!

  • @seangiles7239
    @seangiles7239 2 года назад +1

    You learn more on RUclips than you could ever in college

  • @tobiprivat8878
    @tobiprivat8878 4 года назад +3

    great! totally underrated content!!

  • @1bizkid
    @1bizkid 3 года назад +1

    Id like a more indepth study of chainlink. Its market cap is very high but Im not sure I fully understand it

  • @PeteBuchwald
    @PeteBuchwald 3 года назад +1

    Is this how BlockFi, Celcius, and Nexo work? thx

    • @Finematics
      @Finematics  3 года назад

      No, the services you mentioned are CeFi (centralized finance). They take custody of your assets.

  • @ekalavyasamvarta4862
    @ekalavyasamvarta4862 4 года назад +3

    Good one bro! Looking for more such videos. Wonderful

    • @Finematics
      @Finematics  4 года назад

      Thanks! More videos coming soon :)

  • @apachon
    @apachon 4 года назад +2

    Thanks

  • @brincX
    @brincX 2 года назад

    The Defi 2.0 project on Ethereum layer 2

  • @setyourhandle.
    @setyourhandle. 4 года назад +1

    Finematics are you from Hungary?