In developing countries, as those in Latin America and Africa, fiat currencies are weak and represent a loss of the population's purchasing power, as the monetary policy of Local Governments isn't able to contain inflation.

In this scenario, Latin Americans want not only to invest in cryptocurrencies, but also to use them on a daily basis and explore all forms of profitability, such as obtaining loans and earning interest on their savings, that is, through decentralized finance.

However, DeFi's content is predominantly in English, which creates an impediment and an insecurity for those who do not speak that language to expose themselves to this market.

A survey carried out by the British Council in 2013, in partnership with the Data Popular Research Institute, found that only 5% of the Brazilian population speaks English - and only 1% of these people are fluent.

Solution Description

The proposed course will cover everything from blockchain basics, going through the fundamentals of decentralized finance to the practical use of the main DeFi protocols in the Cardano ecosystem.

It will be produced in Portuguese, which is the official language of Brazil, a country that has about 50% of the South American population. However, support will be offered to Spanish-speaking brothers for translation.

In addition to the classes on Youtube, the content will be made available in text in gitbook format on the project's website.

Discord will be used as the main interaction tool, where meetings will also take place to consolidate content and clarify doubts after each class.

- Contents to be covered (initial plan):

I. Module 1 - Course Introduction (10h)

1. About the Course (3h)

1.1 Presentation

1.2 Tutors and Moderators

1.3 Syllabus

1.4 Tools Used (Site, Youtube, Discord, Yoroi)

----- 1.4.1 Learning to use Discord

----- 1.4.2 Learning to use Yoroi Extension (Installation, Wallet Creation, Basic Usage)

2. Blockchain - Basic Concepts (3h)

2.1 What is blockchain?

2.2 What is Web 3.0?

2.3 Consensus Protocols: Proof of Work vs. Proof of Stake

2.4 Basic Encryption Concepts: Private Key, Public Key and Wallet Recovery Words

2.5 Currency x Tokens

2.6 What is Cardano?

2.7 Ouroboros Protocol and Native Stake

2.8 Era Goguen + Era Basho

2.9 Blockchain: Costs and fees

3. DeFI (Decentralized Finance) - Basic Concepts (4h)

3.1 What is DeFi?

3.2 Ways to Invest in this Market

----- 3.2.1 Buy tokens (CEX, IDO, ISO or ISPO, Swap)

----- 3.2.2 Provide Liquidity

3.3 DeFi Protocols (Definition and Examples)

----- 3.3.1 StableCoin

----- 3.3.2 DEX

----- 3.3.3 Lending & Barrowing

----- 3.3.4 Yield Aggregator

----- 3.3.5 Launchpad

----- 3.3.6 NFT/Gaming

----- 3.3.7 Oracle

----- 3.3.8 Wallet

II. Module 2 - Using DeFi in Practice - Cardano Blockchain (10h)

1. SundaeSwap

- Swap

- Provide liquidity (for example: ADA/SUN, ADA/dJED, ADA/dUSD)

2 ErgoDEX

- Swap with Price Order

- Atomic Swap Cardano-Ergo

- Provide Liquidity (for example: ADA/ERG, ADA/SigUSD, ERG/SigUSD)

3 deFire

- Swap with the "best price"

- Provide liquidity

4 Ardana

- "Mint" dUSD (Providing Liquidity and Collateralization)

- Liquidation

5 Liquid Finance

- Loans and Collateralization

6 Indigo Protocol

- "Mint" Synthetic Assets

7 VyFi

- NFTs Stake

8 Cardano Warriors

- Play-To-Earn

9 Lil Goats

- Play-To-Earn

* The choice of these protocols reflects the community's level of expectation and the choice of an asset for each category. But, this list can change.

II. Module 3 - Yield Hacking (5h)

- About how to explore the different protocols simultaneously in search of greater profitability.

Roadmap

Deadline: 6 months.

Phase 1: Module 1 Production (30 days after Funding)

Phase 2: Module 2 & 3 Production (After Module 1 Production done and DeFi protocols launch)

Team

4 Content Creator

1 Youtube and Discord Moderator

Technical Expertise

Maria Carmo 369 - Educator, Stake Pool Operator, Co-founder of Lovelace Academy, Cardano Evangelist, Community Manager, Content Creator;

Samuel Luiz - DeFi specialist; Graduated in Law at Estácio University, Civil Servant, educator at Canal Leigo and presenter of Rodada Financeira Youtube Channel;

Bosco Cardosco - over 5 years on blockchain; high skills on public management, community manager, content creator, translator ENG/PT;

Ático Mismana - Software Development Technician (SENAI CIMATEC / Brazil) and Interdisciplinary Bachelor of Science and Technology (UFBA / Brazil), has been a software developer since 2009, having worked with the programming languages: Delphi, Java, Python, JavaScript, C # .NET and C ++, he is currently a programmer in innovation projects in the robotics area and is an operator of the Cardanistas stake pool.

Long term plan

We will continue to provide ongoing community support through Discord and the Video Comment Box, driving Defi's market share and adoption of the Cardano blockchain.

Risk

- DeFi protocols take several months to launch;

- Cardano has scalability issues.

Cost

Total: $16,895.90 (2,668.95 + 3,600 + 7,875 + 2,751.95)

Detailing:

1. Management

.io Domain Registration = $28.95

Video Editing Software: $240

Moderation on Discord: $200/month * 6 month = $1200

Marketing: $200/month * 6 month = $1200

Sub-Total: $2668.95

2. Operating Cost of Production

2.1 Hours dedicated to technical training, bibliographic research, meetings, brainstorming and meetings with the public:

Sub-Total: $3600

2.2 Hour of work:

- We estimate that for each hour of content, 7 hours of production will be needed:

1h of content preparation;

1h for writing tutorial in text on gitbook;

2h for recording;

2h for editing;

1h for review and publication;

- We propose the value of the working hour: $45

Sub-Total: $7875 [ $45 * (25h * 7h) ]

2.3 Additional Production Costs (infrastructure for recording):

Sub-Total: $2751.95

MILESTONES

* Phase 1 activities of the Roadmap performed: Module 1 (1 months);

* Phase 2 activities of the Roadmap performed: Module 2 & 3 (6 months);

All material produced (documentation and GitHub source codes) is open source under the MIT license.

Metrics

* 10,000 graduates in the first 6 months, upon approval above 70% in the course's Assessment Quiz;

* 20 thousand graduates in the first 12 months, upon approval above 70% in the course's Assessment Quiz;

* See monthly increase in demand and use of DeFi and Cardano blockchain through quantitative and qualitative surveys with course participants.

Completed outcome

Download report

Monthly report

November 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

November Report This month we continued participating in the testnets of protocols, such as TeddySwap, Genius and Axo, and produced defi content about these and other protocols. We continue to hold defi twitter spaces on Tuesday nights, and follow our path of preparation to carry out the intensive course.

Evidence

https://www.youtube.com/playlist?list=PLBdKPpWcrnCCsG-d9WKHcQwLiAMo-HxIh

Explanation

Produced videos.

November 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

October Report This month we continued participating in the testnets of protocols, such as Genius and Axo, and produced defi content about these and other protocols. We continue to hold defi twitter spaces on Tuesday nights, and follow our path of preparation to carry out the intensive course.

Evidence

https://www.youtube.com/playlist?list=PLBdKPpWcrnCBvaN0DSZk25LrWwccZRRwR

Explanation

Produced videos and Episodes of DeFi Twitter Spaces have been produced weekly in the past few months.

September 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

September Report In the last month, we continued the research process, course material development, and community support by hosting Twitter Spaces sessions on DeFi, as well as creating videos about the functioning, testnet, and developmental protocols on the network. We followed the launch of new markets on the Liqwid protocol, USDC and USDT tokens from the Wanchain bridge, we also informed the community and celebrated the reduction of the minimum mint limits of the DJED protocol, which were reduced to 200 DJED and 200 SHEN, making the protocol much more accessible to the audience of our course. Furthermore, we continue to test protocols on testnet and we are attentive to other protocols that need to be launched so that we can produce content about them, as approved by the community in the proposal we submitted.

Evidence

https://linktr.ee/cardanodebate

Explanation

Episodes of DeFi Twitter Spaces have been produced weekly in the past few months.

September 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

August Report In the last month, we continued the research process, course material development, and community support by hosting Twitter Spaces sessions on DeFi, as well as creating videos about the functioning, testnet, and developmental protocols on the network. We followed the launch of the Spectrum Finance protocol, informing and teaching the community about the protocol, which is one of the protocols within the scope of our course. Additionally, we are attentive to other protocols that need to be launched so that we can produce content about them, as approved by the community in the proposal we submitted.

Evidence

https://linktr.ee/cardanodebate

Explanation

Episodes of DeFi Twitter Spaces have been produced weekly in the past few months.

July 21, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

July Report In the last month, we continued the research process, course material development, and community support by hosting Twitter Spaces sessions on DeFi, as well as creating videos about the functioning, testnet, and developmental protocols on the network. We highlighted discussions about the DJED and iUSD price, stablecoins that have been trading above $1. In fact, we had a discussion on the Muesliswap forum with proposals on how to improve this situation. We concluded that a DEX with concentrated liquidity and proper incentives for liquidity providers can capture liquidity and address this challenge. We mentioned Ax Trade and Genius Yield as potential solutions. As part of our course preparation, we tested the Lenfi, Cherrylend, and Yamfore protocols on the testnet. We are also keeping an eye on the upcoming launch of Spectrum Finance on July 27, which is one of the protocols within the scope of our course. Additionally, we are attentive to other protocols that need to be launched so that we can produce content about them, as approved by the community in the proposal we submitted.

Evidence

https://linktr.ee/cardanodebate

Explanation

Episodes of DeFi Twitter Spaces have been produced weekly in the past few months.

June 21, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

June report Continuing our preparation for the course using the protocols and producing support materials, mainly in video, such as tutorials. We perform the following productions: https://youtube.com/playlist?list=PLBdKPpWcrnCB1s6pSeNTvlNRmiXQ7CT5P Additionally, we prepare a complete Yield Hacking strategy by exploiting combined earnings on Indigo and Liqwid protocols to unlock a maximized gross APR on a given % of exposed capital. All material can be found here: https://cardano-debate.gitbook.io/home/yield-hacking/

Evidence

https://cardano-debate.gitbook.io/home/yield-hacking/

Explanation

Yield Hacking strategy created

June 21, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

May Report Continuing our preparation for the course using the protocols and producing support materials, mainly in video, such as tutorials. We perform the following productions: https://www.youtube.com/playlist?list=PLBdKPpWcrnCAoSRBszdi9VzEVw6XSkeL1

Evidence

https://www.youtube.com/playlist?list=PLBdKPpWcrnCAoSRBszdi9VzEVw6XSkeL1

Explanation

Playlist with videos of essays produced in preparation for the course

May 1, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

We have produced various video content about Cardano Defi dapps, not as part of the course but as part of our lesson preparation program. It is a fact that it is necessary to wait for the maturation of these recent protocols. Liqwid has launched the Agora governance protocol on the mainnet. Implemented the release of February and March airdrops, as well as staking on the platform. We also participate in the testnet AnetaBTC (ergo), Meld, VyFinance, TeddySwap, Encoins and Spectrum Finance in our content preparation program. The protocols that have already been released have been audited, but in a real environment of use, they need some validation time, before the community has more peace of mind to assume a greater risk of use. We are accompanying this process, producing theoretical material and video-essays on these projects. In our class program there are also other protocols like Spectrum Finance (Cardano - Ergo atomic exchange), Genius Yield (artificial intelligence) and we would also like to work on Axo (dex without the AMM model, which promises the end of impermanent loss). As we explained earlier, our course will be a short course (25 hours), a practical intensive so that the public does not disperse between the launches and maturation of the protocols. But in the meantime, we are producing content in the form of essays, to inform the community and introduce the forms of Defi currently present in Cardano.

Evidence

https://youtube.com/playlist?list=PLBdKPpWcrnCDGLINi_EnrqL05SiXQ0yRF

Explanation

Playlist with videos of essays produced in preparation for the course

April 1, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

This month we are very happy for Cardano to have an expressive growth of TVL in DeFi protocols, according to DeFILama it broke the previous maximum of March/2022, Cardano is now the top 18 with $141.73m or 378m of ADAs, without considering protocols currently in stake as Meld, Genius, AnetaBTC and others. We produced various video content about Cardano's Defi dapps, not as part of the course, but as part of our lesson preparation program. It is a fact that it is necessary to wait for the maturation of these recent protocols. As an advance, we had DJED reduce the minimum investment threshold to 1,000 dollars, which is still a very high value for our target audience, but shows that it is on the right path for greater adoption. Liqwid launched the Agora governance protocol on the testnet. This is still a major obstacle for the protocol, not having the release of rewards in LQ implemented, as well as the staking on the platform. We also participate in AnetaBTC (ergo), Meld, VyFinance, TeddySwap and Encoins testnet in our content preparation program. The protocols that have already been released have been audited, but in a real environment of use, they need some validation time, before the community has more peace of mind to assume a greater risk of use. We are accompanying this process, producing theoretical material and video-essays on these projects. In our class program there are also other protocols such as Spectrum Finance (Cardano - Ergo atomic exchange), Genius Yield (artificial intelligence) and we would also like to work on Axo (dex without the AMM model, which promises the end of impermanent loss). As we explained earlier, our course will be a short course (25 hours), a practical intensive so that the public does not disperse between the launches and maturation of the protocols. But in the meantime we are producing content in the form of essays, to inform the community and introduce the forms of Defi currently present in Cardano.

Evidence

https://youtube.com/playlist?list=PLBdKPpWcrnCAa0ZB_LuE6qSBAcfE513CC

Explanation

Playlist with videos of essays produced in preparation for the course

February 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

This month we have been following with great ecstasy the launches of the DJED, Liqwid and stableswap protocols by Wingriders. Which doubled our TVL in dollars, according to DeFiLama statistics. We produced various video content about these projects, not within the scope of the course, but within our class preparation program. It is a fact that it is necessary to wait for the maturation of these recent protocols: DJED launched the protocol supporting only 1 portfolio, and with a minimum investment limit of 5,000 dollars, which is very far from the ability of the majority of the defi school public to participate. The protocol even took a few hours off the air to correct problems in its interface, and the first distribution of rewards to SHEN holders has not yet been made, so that we can produce content about the operationalization of this. Liqwid released version 1 of its protocol, with only 2 forms of income, out of the 6 that are part of the scope of the project. Important functions like LQ staking along with NFT Aquafarmers, along with interface improvements and bug fixes come on version 2, previewed to be released at the end of February. The protocol also had a bug, which allowed hackers to drain the protocol's funds, which led to it being down for more than 48 hours, while, along with Vaccumlabs auditors, the team fixed the problem, until then we await an article" post mortem" with the detail, but apparently there was no loss of background. The protocols were audited, but in a real environment of use, they need some validation time, before the community has more peace of mind to assume a greater risk for utilization. We are accompanying this process, while producing theoretical material and video essays on these projects. In our class program there are also other protocols, such as Spectrum Finance (atomic swap Cardano - Ergo), Genius Yield (artificial intelligence) and we would also like to work on Axo (dex without the AMM model, which promises the end of impermanent loss). As we explained earlier, our course will be a short course (25 hours), a practical intensive so that the public does not disperse between the launches and maturation of the protocols. But in the meantime we are producing content in the form of essays, to inform the community and present the forms of Defi currently present in Cardano.

Evidence

https://youtube.com/playlist?list=PLBdKPpWcrnCAMoWZBAqWQfibtv1ogqrdb

Explanation

Playlist with videos of essays produced in preparation for the course

January 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

We continue studying and scripting the DeFi protocols chosen in the course program. This month we continue with participation in testnets and production of text material, including corrections in the article DJED Protocol Security, where we include a new simulation scenario and demonstrate in numbers that DJED will not lose collateralization even with a 75% drop in price ADA (worst case) or even with a drop of 87.5% (best case). We look forward to the launch of the DJED, Liqwid, Axo, Genius Yield, Spectrum Finance protocols, among others, which are present in our program of practical courses.

Evidence

https://docs.google.com/document/d/1lpEERba7hVs288Zleg8CEVBZjQZtcGogI8ugH4mnb-I/edit

Explanation

This link points to the article we produced on the safety of DJED overcollateralization and tolerance for declines in the price of ADA, which is the backed token. It is part of the theoretical content of the course.

January 2, 2023 Progress report

Status:

On track: No

Estimated completion date: -

December 20, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Evidence

https://drive.google.com/open?id=16fZscY-OeSJq9pU5GFSuCinwguWi6jvP

Summary

This month, we continue the process of information obtaining and testing of Cardano's DeFi protocols as they are released or tested. We participated in the DJED testnet that was reopened with the news of Plutus v2. And we have prepared a vulnerability of collateral study available here: https://docs.google.com/document/d/1lpEERba7hVs288Zleg8CEVBZjQZtcGogI8ugH4mnb-I

November 24, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

This month we continued the process of preparing the course and engaging in the testnets of the defi protocols. Indigo, the synthetic asset protocol, conducted a public testnet and launched its mainnet platform. We participated in this process and prepared some videos that are the basis of the material we will produce in the course. Liqwid Finance also started its testnet, we are participating in it, and using the project documentation, to raise aspects of the protocol and format the course in a didactic and practical way. Other protocols, such as Spectrum Finance, continue to have an active testnet, and we are participating, collecting protocol information and evaluating aspects such as impermanent loss, liquidity, farm and real profitability. We also had confirmation that DJED will be launched in January/2023, it is another protocol that we will cover in the course. Another relevant information is that Ardana, a project that we would address in the course, announced the interruption of its development, so we immediately removed it from the course program.

Evidence

https://youtu.be/OMLfcnW-n6A

Explanation

This video is an Indigo testnet tutorial that we produced for the community, it is the basis of the topic about this protocol, which we will improve to teach in the course.

October 24, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Evidence

https://drive.google.com/open?id=1ebh4_t-uHOgaFLQqsP-RVmbQED24njyF

Summary

This month we participated in Spectrum Finance's (Ex-ErgoDex) private testnet, providing important bug feedback, based on the knowledge we have gathered throughout the course preparation process. We also explored the AlgoFI protocol on the Algorand blockchain, to better understand how the incentive to stake stablecoins works: real profitability, loyalty profitability, risks, rewards withdrawal dynamics, in order to understand how stablecoins play a relevant role in the trading environment. loans within Defi. Following the development progress of the protocols that we will cover in the course, we can comment that Liqwid is making great strides in its private testnet in the preview testnet environment, and will soon open the public testnet in the pre-production environment. Also, DJED announced that the audit is expected to end in the month of November. We are ready to support these projects, while training ourselves to teach the course, using other blockchains and Cardano's testnet protocols.

September 22, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

In the previous report we inform you that we contacted the Genius protocols and indigo to have access to testnet of these projects earlier, unfortunately we did not receive permission from early participation, but they opened door to business partnerships. Therefore, we will really have to wait for the public testnet of these projects and others that are in our detailed scope in the approved original proposal. If confirming the success hard fork Vasil expected to occur today (09/22), and the vasil functionality is available on 9/27, the forecast of the main protocols defi that we will address in the course, currently: - Djed: 4 to 12 weeks after Vasil (between 27/10 and 27/12); - Indigo: November/2022; - Liqwid: Not announced; - Genius: Not announced; - Ardana: Not announced. As we await the public testnet of these protocols, we continue to study the Cardano ecosystem and other ecosystems that already have the decentralized finances in full operation, as a way to we prepare technically to take the 25h practical course.

Evidence

https://twitter.com/COTInetwork/status/1572560710718361600 https://twitter.com/Indigo_protocol/status/1565703064052441090

Explanation

The links confirm the latest launch forecasts of the defi protocols that have already announced estimated period.

September 5, 2022 Progress report

Status:

On track: No

Estimated completion date: -

July 23, 2022 Progress report

Status:

On track: No

Estimated completion date: -

June 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 10/31/2022

May 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 10/01/2022

April 22, 2022 Progress report

Status:

On track: No

Estimated completion date: 08/31/2022

April 5, 2022 Progress report

Status:

On track: No

Estimated completion date: 10/31/2022

Team

DeFi Specialist; Educators; Content Creators; Community Manager; SPO; Developer for over 10 years, with experience C++, Java, C#, Python...

Ático Mismana

Bosco Cardosco

MariaCarmo369

Samuel Luiz

Website

https://cardano.ideascale.com/c/idea/384460

View project