DeFi and the Future of Finance is a set of four courses that focus on decentralized finance. The final course is called DeFi Opportunities and Risks. It is essential that you complete the first three courses: I. DeFi Infrastructure; II. DeFi Primitives; and III. DeFi Deep Dive before beginning the fourth course. The course starts with the premise that an analysis of any new technology must clearly gauge the risks and challenges. Given that DeFi is only a few years old there are plenty of risks. The course begins with the most obvious risk: smart contract risk. Smart contracts are foundational for DeFi. The code of these contracts is public - opening a clear attack vector for hackers. That is, in traditional finance, hackers need to break into a system to get access to the code and data. In DeFi, everything is open source.There are many other risks studied including: Governance risk; Oracle risk; Scaling risk; Decentralized Exchange or DEX risk; Custodial risk; Environmental risk; and Regulatory risk.
Types of Exploits
Skills You'll Learn
Risk Management, Assessing regulatory risk, Security Engineering, BlockChain, Different approaches to custody, Understanding smart contract risk, Ethereum 2.0 approaches to scaling, FinTech, Finance, Mechanics and risks of decentralized exchange, Cyberattacks
Reviews
4.9 (312 ratings)
- 5 stars88.14%
- 4 stars10.89%
- 3 stars0.96%
AD
Jul 7, 2022
The instructor wasperfect and the material provided in the course was really good. i suggest this course for people who are interested in Crypto.
AA
Jan 17, 2022
Amazing course specialization! Take all four of these courses. Up to date as of early 2022, unlike the Consesnys course I took prior to this one.
From the lesson
Smart Contract Risk
The first model explores both logic errors and economic exploits that characterize smart contract risk. We then focus on some specific exploits including the Yearn.finance exploit that utilized a massive flash loan.
Taught By
Cam Harvey
Professor of Decentralized Finance