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Duke University

Decentralized Finance (DeFi) Primitives

DeFi and the Future of Finance is a set of four courses that focus on decentralized finance. The second course is called DeFi Primitives. It is recommended that you take the first course, DeFi Infrastructure, before this course. In this course, 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.

状态:Digital Assets
状态:Market Liquidity
中级课程小时

精选评论

AS

5.0评论日期:Jan 30, 2022

DeFi Primitives gives an excellent idea of the exciting new world we are heading to in decentralized finance. Also highlights the need to contain energy costs and carbon emissions as we go along.

SP

5.0评论日期:Jul 12, 2022

I​ like the way the professor communicates in this course. He is very clear and I can understand him. Thank-you.

RT

5.0评论日期:Jul 19, 2022

W​ell designed and clear examples/analogies. Easy enough while some concepts are complex.

EL

5.0评论日期:Nov 21, 2021

Well taught!! I Suggest this to people who wants to start and know more about DeFi nd Crypto.

TM

5.0评论日期:Dec 29, 2021

Course is very insightful. It broadens the scope of understanding the mechanisms involved from minute to complex transactions.

PS

5.0评论日期:Feb 18, 2023

Excellent for anybody who want to lean about Decentralized Finance. As I am an old Blockchain learner the 4th week of the course was way too easy.Thanks,Paras

MA

5.0评论日期:Dec 25, 2022

Great class giving us a very clear concise overview of the Defi space. I am currently wokring my own project called Fate Finance - which has some very unique protocols.

SS

5.0评论日期:Dec 29, 2025

Really enjoyed this! Well taught and easy to follow, a great introduction. Thank you.

LT

5.0评论日期:May 26, 2022

Great content and explanation by Prof. Harvey! Love how he explain the terms using simple and understandable analogies that is applicable.

GM

4.0评论日期:Jun 18, 2022

I​t is an interesting cource. Gives basic understanding of DeFi Structure and how it works.

DR

5.0评论日期:May 19, 2024

Very good information and the presentations and explanations were perfect.

BP

4.0评论日期:May 24, 2025

The course is very easy to understand, but the information is from 2021. This is a concern.

所有审阅

显示:20/81

Mike Morabito
5.0
评论日期:Dec 23, 2021
Sahir Hadkar
5.0
评论日期:Jan 11, 2022
tousina martin
5.0
评论日期:Dec 30, 2021
Earl John Lugatiman
5.0
评论日期:Nov 21, 2021
Stephen
5.0
评论日期:Nov 25, 2021
Murray Steel
5.0
评论日期:Dec 19, 2021
Keith Murphy
5.0
评论日期:Nov 29, 2021
kieran kay
5.0
评论日期:Dec 20, 2021
Arvind Kumar Srivastava
5.0
评论日期:Jan 31, 2022
COLLEEN M CARLEY
5.0
评论日期:Mar 30, 2026
Sai Aditya
5.0
评论日期:Jun 8, 2022
Ivy Zhou
5.0
评论日期:Jan 12, 2026
Manuel Echenique
5.0
评论日期:Mar 17, 2022
Yusuf Jones
5.0
评论日期:Mar 15, 2022
Max Korsun
5.0
评论日期:Oct 1, 2025
Mr. Apai
5.0
评论日期:Dec 26, 2022
Parasnath Singh
5.0
评论日期:Feb 19, 2023
Lin Foong Teo
5.0
评论日期:May 27, 2022
Timothy Hooker
5.0
评论日期:Aug 31, 2024
Scott Parker
5.0
评论日期:Jul 13, 2022