Introduction To Decentralized Finance (DeFi)

The DeFi course contains five different modules related to decentralized finance, spanning one week. The course includes three to four hours a week of training sessions with an opportunity for flexible learning (you can complete the course at a pace convenient to you, within the limit of one year). Learners have unlimited access to the online video lectures and could watch them as many times as they wish within one year. The course also provides bonus materials, such as interviews with leading enterprise blockchain experts worldwide.

Any professional interested in learning about the use cases and decentralized finance applications can take up the 101 Blockchains DeFi course. Not limited to any specific roles, but the decentralized finance course targets the different categories of professionals such as Financial services consultants, Enterprise executive advisors, and counselors, Freelancers aiming to develop their competitive advantage in the blockchain job market, and lastly, Smart contracts developers.

Yes! Unlike other training courses, our team is available and happy to answer your questions. You will also get access to our learning forums where you can interact with other students.

No, there are no specific prerequisites for the DeFi course on 101 Blockchains. Nevertheless, candidates are advised to fulfill certain knowledge and skill requirements. First of all, candidates should have fluency in the basics of blockchain. The focus of candidates on the Ethereum blockchain is particularly favorable for proceeding with the DeFi training course on 101 Blockchains. Programming knowledge in languages such as JavaScript or Solidity could be highly beneficial for learners to participate in the DeFi training course.

The significance of decentralized finance is primarily evident in its role in transforming the conventional financial systems. The cost-efficiency of the technology enables flexible access to tools required for benefiting from DeFi. Almost 57% of the global population has internet access daily. Recent estimates by the World Bank indicate that almost two-thirds of unbanked citizens have ownership of a mobile device. At the same time, public blockchains and decentralized apps are also beginning to gain smartphone users’ attention. Therefore, decentralized finance can be a significant tool in introducing banking to a large population share.

Decentralized finance also comes with a set of challenges like any other high-return financial product. Here are some of the notable mentions- the requirement for specialized knowledge for secure management of cryptocurrency tools, the responsibility of use in the management of their key, and following the multi-factor authentication process. You can also experience the requirement for users to have updated knowledge regarding changes in service terms across various wallets, crypto projects, and exchanges. Also, Decentralized finance users don’t have any benchmarks of historical data for review before implementing any investment decisions.

No, there is no certification in the decentralized finance training course from 101 Blockchains.

You can complete the courses at the pace that is convenient for you within our 1 year time limit. You also get unlimited access to the course online video lessons and you can rewatch them as many times as you want within the 1 year time frame.

Decentralized finance has tremendous potential for transforming the conventional elements in the financial supply chain, such as traditional currency and intermediaries. The Decentralized Finance training course in 101 Blockchains can help you learn about how crypto assets, new identity systems, smart contracts, and how financial business models could help overcome the inefficiencies noted prominently in conventional financial systems. Also, training in the area of decentralized finance can assist in finding feasible approaches for addressing inherent threats arising from the highly anticipatory and volatile nature of cryptocurrencies.

The 101 Blockchains decentralized finance training course can help you understand the fundamental elements of decentralized finance, alongside the ability to communicate your understanding to clients and colleagues. The training course also serves as a tool to increase opportunities to grow your professional career in an emerging market. Expertise in decentralized finance can improve your appeal in the eyes of hiring managers and also award you with new potential clients. The 101 Blockchains DeFi training course also boosts your understanding of the implementation of DeFi tools and products in present times. Furthermore, the improvement of your enterprise’s DeFi expertise through the course helps you gain business-specific skills.

Decentralized finance is a completely new monetary system developed on public blockchains. The important features of DeFi are Permissionless, Trustless, Programmable, Censorship resistance, Transparency, and Decentralization.

The notable advantages of decentralized finance include smart contracts with higher programmability that could ensure automated execution alongside the development of new digital assets or financial instruments. The interoperability implies that DeFi applications and protocols can be easily integrated and even complement each other. One of the important features, open and permissionless access, enables any user with an internet connection and crypto wallet to get the desired financial services. The users can also experience improved auditing and security by leveraging the tamper-proof data coordination functionality throughout the decentralized architecture of blockchains. The higher transparency in DeFi enables comprehensive data analysis alongside ensuring the availability of network activity to all users.

Decentralized finance has a major impact on global finance. After cryptocurrency, decentralized apps may serve many critical benefits for financial institutions and systems all over the world. Therefore, businesses are quite eager to leverage the full potential of DeFi. As a result, the demand for skilled DeFi professionals can also deliver promising opportunities for you upon completing this DeFi course.

Although there are no clear estimates on salaries for skills in DeFi, DevSkiller points out that the average annual salary of an Ethereum developer is around $127,500. Since Ethereum is one of the fundamental aspects of DeFi, you can expect salary estimates in similar ranges if you develop your decentralized finance expertise to a professional level.