Ready to take a deep dive into blockchain industry's latest wave of innovation? Read our beginners course to get started with DeFi and acknowledge yourself with yield farming, flash loans, and other decentralized financial instruments!
Welcome to the first lesson of Shrimpy Academy's Introduction to DeFi. Our goal here is to familiarize ourselves with the format, content, and goals of the course.
The DeFi segment is infamous for its alien slang. Take a quick look at our glossary to acquaint yourself with new concepts and definitions.
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What is the core mechanism of Decentralized Finance and which elements constitute its driving forces?
How does blockchain technology fit into the DeFi landscape and why are smart contracts and gas fees important for understanding DeFi?
Decentralized exchanges took the world by the storm. No longer are crypto users forced to trade on centralized exchanges. With the help of DeFi, traders can swap tokens near-instantly.
An Automated Market Maker is a smart contract that exchanges liquidity between token swappers and and liquidity providers on a decentralized exchange.
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Liquidity mining is a passive income model with which investors utilize existing crypto assets to generate more cryptocurrencies on DeFi platforms.
Yield farming is a popular decentralized financial instrument in DeFi that yields capital by extracting value from providing liquidity to decentralized exchanges.
Flash Loans enable crypto users to create a loan without having to provide collateral in return. The process is entirely decentralized and does not require any kind of KYC documentation.
Wrapped tokens (like wrapped Bitcoin) are assets that represent a tokenized version of another crypto asset. For example, a cryptocurrency like WBTC is simply the ERC-20 version of the real Bitcoin, whose price is pegged to BTC.
Governance tokens are cryptocurrencies that represent voting power on a DeFi protocol. Popular tokens include YFI, UNI, AAVE, etc.
Each day Shrimpy executes over 200,000 automated trades on behalf of our investor community. And joining them is easy.
After you sign up and connect your first exchange account, you’ll deploy an investment-maximizing strategy in as few as 5-minutes.
Whether you create your own rebalancing strategy or completely custom automation, the ability to walk your own path belongs in the hands of every crypto investor.
Ready to take a deep dive into blockchain industry's latest wave of innovation? Read our beginners course to get started with DeFi and acknowledge yourself with yield farming, flash loans, and other decentralized financial instruments!
