How to DeFi: Beginner

At the start of 2020, the Total Value Locked in DeFi Dapps hit the significant milestone of $1 billion. In other words, that is the total amount of programmable money currently stored in smart contracts that serve as the building blocks of an entirely new decentralized financial system on the internet. While $1 billion locked into DeFi may seem lik

What is the Aragon Court? Aragon Court is the solution created by Aragon that mimics the function of the legal courts in the traditional business world. When there are conflicts, participants can escalate them to Aragon Court, where jurors will decide whether any parties should be penalized. Jurors are randomly selected from the juror pool to revie

What is Snapshot? Due to rising Ethereum gas fees, costs to vote on-chain have become unbearably expensive, hindering small token-holders from participating in the governance process. Snapshot attempts to solve this by taking a snapshot of votes off-chain, effectively making the voting process gas-free.

Before we push on, let’s have a quick recap on some of the things DeFi allows us to achieve: Transparency: A transparent, auditable financial ecosystem. Accessibility: Free access to DeFi applications without fear of discrimination on race, gender, beliefs, nationality, or geographical status. Efficiency: Programmable money makes it possible to rem

DeFi protocols organize themselves as Decentralized Autonomous Organizations (DAOs), organizations governed by smart contracts on the blockchain. DAOs allow groups of people to cooperate without centralized management and coordinate around a shared set of rules to achieve a common mission.

The Aragon project is stewarded by the Aragon Association, a non-profit entity based in Zug, Switzerland, and governed by Aragon Network Token (ANT) holders.

There are several dashboards in the market with the capacity to track your assets, but the two leading players for dashboards are Zapper (previously known as DeFiSnap) and Zerion.

How to become a juror? To become a juror, you will need to have at least 10,000 Aragon Court (ANJ) tokens, which can be purchased from DEXs such as Uniswap. ANJ is created by locking Aragon (ANT) tokens in a bonding curve - the more ANT that is locked, the more ANJ that can be created.

We are already starting to see Traditional Finance (TradFi) players tap into the DeFi market. For example, Siam Commercial Bank has invested in Alpha Finance Lab and is working closely together to create a unique suite of products that bridges the gap between the traditional and decentralized financial sectors. Other examples include Yield.app that