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Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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Making Sense of Traditional Finance and CeFi vs DeFi

Written By Ivan on Tech

Jan 13, 2021

Today, more or less everything is digital - and that even includes conventionally analog fields, such as finance. A few decades ago, the traditional finance field looked more or less like it had always done. However, innovations in technology, payment processors, and applications have now made it possible for centralized finance (CeFi) and decentralized finance (DeFi) solutions to offer the same services historically offered within traditional finance. Sometimes it can be challenging to get your head around the differences between CeFi vs DeFi, and how these differ from traditional finance (sometimes known as TradFi). However, fear not - we are here to help explain traditional finance and CeFi vs DeFi!

In this article, we’ve broken down these three common forms of financial infrastructure. Furthermore, we discuss the pros and cons of each while looking at the many crossovers that occur between them. We explore how CeFi vs DeFi applications may not be competing but...

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DeFi Deep Dive - Explaining DeFi Attack Vectors and Prevention

Written By Ivan on Tech

Dec 29, 2020

Ever since the inception of the decentralized finance (DeFi) field, the world has seen massive improvements brought about to rival legacy financial systems. As you will likely already know, DeFi potentially holds the keys to banking the unbanked and truly democratizing finance. Nevertheless, there are still some speed bumps ahead that could slow the mainstream adoption of decentralized finance solutions. While DeFi is making significant advancements, the same old attack vectors keep haunting us. Today we’ll look at the most prominent ones.

If you want to learn more about DeFi, blockchain, and cryptocurrency in general after reading this article, you should definitely consider enrolling in Ivan on Tech Academy. At Ivan on Tech Academy, you’ll join over 30,000 already enrolled students, and you can watch some of the countless real-life success stories brought about by the Academy through testimonials. Supercharge your crypto career by learning from experts in the field by...

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DeFi Deep Dive - Top DeFi Hacks of 2020

Written By Ivan on Tech

Dec 22, 2020

It’s no secret that the Decentralized Finance (DeFi) field has exploded in 2020. The year started with DeFi, claiming approximately $700 million in total value locked (TVL). However, that number has rapidly ballooned to $16 billion, according to DeFi Pulse. Unfortunately, new investors weren’t the only ones attracted by the big numbers. A fair share of hackers has climbed aboard to profit as well. 

With the DeFi industry still in its infancy and founders in a hurry to launch, it’s no surprise that they made some mistakes. However, some of the hacked protocols had gone through proper smart contract security audits and still got hacked. Alas, such are the risks associated with a nascent industry.

DeFi protocols are hardening and becoming more resilient, but 2020 was still a profitable year for hackers. In the first half of the year alone, DeFi hacks amassed over $51 million. Meanwhile, with half of December gone, that number has practically doubled to over $100...

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DeFi Deep Dive - Yearn Finance's Merger Mania

Written By Ivan on Tech

Dec 11, 2020

Yearn Finance is a decentralized finance (DeFi) network that offers a suite of different products for insurance, lending aggregation, and yield generation. If you’ve kept an eye on Yearn Finance in the past few weeks, you’ll know that they are in the midst of a merger mania with other DeFi protocols. Yearn Finance’s most notable offering is Yearn Vaults, a yield generation product. Yearn Vaults are robots that automatically move users' funds around to find the best yield farming opportunities in the DeFi marketplace. Each vault has a strategy and a controller responsible for executing it as planned.

We won't dig into Yearn Vaults here, or once-again cover Yearn's founder/developer Andre Cronje in-depth in this article, as we've already discussed these topics before. But, if you need more info on Yearn Finance before digging into their mergers, start with the links in this paragraph. Consequently, if you feel you need some background on the different initiatives and...

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DeFi Deep Dive - What is DeFi Money Market and the DMG Token?

Written By Ivan on Tech

Dec 07, 2020

The world of decentralized finance (DeFi) can at times be extremely volatile and unstable. For crypto mass adoption to occur, these factors must first be tamed. The DeFi Money Market Protocol and the DMG token aim to solve this problem by bringing trust and stability to the DeFi ecosystem. This is achieved by using real-world, income-generating assets for collateralization. 

This is a first for the blockchain ecosystem. Soon, we could expect this to become the ‘norm’ as more people discover the benefits and ease of using decentralized financial protocols.

In this article, we take an in-depth look at the DeFi Money Market (DMM) Protocol and highlight some of the unique and innovative solutions provided by the project. We’ll also explore some of the different DMM tokens, including the DMG token. Furthermore, we’ll look at how the ecosystem operates.

If you want to learn more about DeFi and crypto, make sure you check out some of the crypto courses...

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How to Earn A Passive Income With DeFi

Written By Ivan on Tech

Dec 06, 2020

The cryptocurrency industry, and consequently the decentralized finance space, have evolved beyond what many initially thought possible. What’s more, a growing number of hedge fund managers, institutional investors, and governments have given the green flag for crypto to thrive. With that said, many are yet to realize cryptocurrency and DeFi’s full potential. Although Bitcoin is hitting the headlines, understanding how to make a passive income with DeFi is often seen as a complex, high-risk endeavor. Read on for an easily understood breakdown of how to make a passive income with decentralized finance!

In this article, we look at some of the most important considerations for deciding how to make a passive income with DeFi. Also, we'll explore some of the various methods of generating passive income streams and the projects facilitating the DeFi revolution. As such, we touch on some of the most popular DeFi projects, such as UniSwap, Compound, Balancer and much more.

This...

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DeFi Deep Dive - What is Pickle Finance?

Written By Ivan on Tech

Dec 05, 2020

Anyone keeping an eye on the decentralized finance sector will know DeFi's popularity is still growing. However, the premise of Pickle Finance was that Pickle Finance’s founders noticed that farming yield hasn't gotten any easier. They saw lots of protocols offering generous returns but found it difficult to assess which ones were sustainable and trustworthy. With all the fly-by-night “exit scams”, “rug pulls”, and straight-up hacks, they knew it was hard for newcomers to figure out which platforms they could trust.

With that in mind, Pickle Finance wanted to create a yield-generating DeFi protocol that earned top yields for its users, but also one that was simple to use. As such, the beginnings of the on-chain asset management protocol Pickle.Finance, commonly known as Pickle Finance, were born.

As anyone in the decentralized finance industry will know, the DeFi sector is booming. However, when it comes to investing, people should see through the hype....

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DeFi Deep Dive - What is YFDAI Finance?

Written By Ivan on Tech

Dec 01, 2020

YFDAI.Finance seeks to provide a full-on DeFi ecosystem that combines lending and borrowing, staking and farming services, a decentralized exchange (DEX), automated predictions trading, insurance, and a secure platform for new product launches. 

So, unlike your average protocol, YFDAI offers an entire suite of DeFi services. The team has ambitious plans as we’ll see in this article. So, with that in mind, let’s look at some of their basic features before digging deeper into the ecosystem itself. 

  1. Accessibility 

YFDAI wants to offer an intuitive user experience (UX)—part of that being a detailed list of instructions to make the platform easier for their users to navigate. 

  1. Trustlessness

YFDAI is committed to the philosophy of distributed trustlessness. 

  1. Intuitive Governance

The YFDAI.Finance team believes in nourishing a healthy community, that’s why they offer the first of its kind, a free on-chain voting mechanism. 

  1. ...
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DeFi Deep Dive - What is Yield.App and YLD?

Written By Ivan on Tech

Nov 29, 2020

Yield.App aims to offer a decentralized finance (DeFi) banking solution at scale. The recent announcement that the Yield.App YLD token offering will be available on TrustSwap on December 7th has sparked some interest among crypto investors. Let’s therefore take a look at Yield.App and the DeFi solution’s recent partnership with TrustSwap.

Yield.App (YIELD) looks to give users easy access to investing in DeFi using either cryptocurrencies or traditional currencies. With this in mind, the Yield.App is opening up a convenient avenue for onboarding new users. The Yield.App has been designed to streamline the entire DeFi process into a matter of a few simple steps. Released via the TrustSwap LaunchPad, this looks to be a serious contender for the future of DeFi.

In this article, we’ll explore the Yield.App and how you can use it to work toward financial freedom. Alongside this, we’ll discuss the roles and functions of the Yield YLD token, and how the Yield.App is...

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DeFi Deep Dive - What is Hegic?

Written By Ivan on Tech

Nov 27, 2020

Hegic is a decentralized options trading platform on Ethereum. With Hegic, you can buy or sell put and call options for ETH and WBTC. Options in decentralized finance (DeFi) work best for those looking to speculate, hedge their positions, or provide liquidity. Hegic Protocol is an on-chain trading protocol which is powered by liquidity pools and hedge contracts. 

If you’re an options trader from the traditional world of finance, you’ll notice some differences when trading options in DeFi. Here are some of the features of on-chain options trading with Hegic:

  • No KYC or email registration required
  • Non-custodial, censorship-resistant trading
  • Verified on-chain settlement for options contracts
  • Choose your strike price and exercise at any time during the contract period
  • Earn yield as a liquidity provider

To trade options on Hegic, you just need to connect with an Ethereum wallet like MetaMask and you’re good to go. We’ll explore the rest of these...

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