Link: https://www.udemy.com/course/solana-developer/ What you’ll learn Understand the basic philosophy behind the blockchain and distributed/decentralised applications Understand the fundamentals of Solana and how Solana is different from Ethereum Learn the capabilities and applications of the Solana blockchain Understand how Solana programs (smart contracts) work, both in theory and in practice Learn how to develop professional […]
Staking is the act of depositing an asset and “locking” it as collateral in a protocol. By locking it, one can provide a service needed for the long term sustainability of the protocol Staked assets have value accrual mechanisms and give their holders a claim on the value generated by the pool (usually in the […]
A way of trying to maximize a rate of return on capital by leveraging different DeFi protocols. (ie: chasing yield) Similar to traditional savings accounts, people look for places that offer the highest APY to park their money. APY = annual % yield and it’s a common way of comparing rates of return on your […]
Order Books: An order book is a collection of the currently open orders for any given market The system that matches orders with each other is called the matching engine Along with the matching engine, the order book is the core of any centralized exchange (CEX) Liquidity Pools: A collection of pooled funds into a […]
Type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. AMM’s are smart contracts that hold liquidity reserves that traders can trade against. These reserves are funded by liquidity providers (LP’s) Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm Requires […]
Liquidity pools are pools of tokens that are locked in a smart contract. Used to facilitate trading by providing liquidity and are extensively used by some of the decentralized exchanges. Can be used to for trading, yield farming/ liquidity mining In its basic form, a single liquidity pool holds 2 tokens and each pool creates […]
Below is a great video on impermanent loss, which is something to consider when staking in Liquidity Pools.