Please describe your proposed solution.
Problem Description
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, Eternl)
----- 1.4.1 Learning to use Discord
----- 1.4.2 Learning to use Eternl 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 (8h)
1. Minswap / Spectrum Finance
- Swap
- Provide liquidity (for example: ADA/MIN, ADA/dJED)
2. Axo Trade / Genius Yield
- Swap with Price Order
- Provide Liquidity (for example: ADA/ERG, ADA/SigUSD, ERG/SigUSD)
3 DexHunter / Ada Markets
- Swap with the "best price"
- Provide liquidity
4 DJED
- "Mint" dUSD (Providing Liquidity and Collateralization)
- Liquidation
5 Liqwid Finance
- Loans and Collateralization
6 Indigo Protocol
- "Mint" Synthetic Assets, Stability Pools and Stake
7 NFTs Stake
* 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.