Transaction Mechanics

This video is part of the "Decentralized Finance: DeFi Primitives" CZcams course. The playlist for the entire course is • Course II: DeFi Primit... .
This is one of four courses posted to CZcams.
Course I: DeFi Infrastructure
• Course I: DeFi Infrast...
Course II: DeFi Primitives
• Course II: DeFi Primit...
Course III: DeFi Deep Dive
• Course III: DeFi Deep ...
Course IV: DeFi Risks and Opportunities
• Course IV: DeFi Risks ...
Course II Description:
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.

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