Decentralized Finance, or DeFi, is undoubtedly one of the most productive interventions in the world of blockchain and crypto. DeFi solutions have shown impressive growth with over $40 billion worth of assets locked in various DeFi protocols. Are you looking for a reliable DeFi skill path for developing your expertise in decentralized finance and relevant applications? 

You must look for promising suggestions from top certification and training providers in the field of blockchain. Interestingly, 101 Blockchains offers a comprehensive DeFi skill learning path. It can help you build your decentralized finance expertise like never before. The following discussion offers an overview of the resources you can find with the best DeFi skill learning paths.

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Decentralized Finance

Almost everyone wants to become a DeFi expert after the sudden burst in popularity of DeFi. However, it is important to understand what DeFi actually is before you dive into the best practices and steps for learning about DeFi. Decentralized Finance or DeFi basically refers to the P2P method of financial transactions without any intermediaries in the system. 

If you want to learn DeFi, then you must know that DeFi works on the basis of smart contracts rather than trusted financial intermediaries such as banks. Therefore, DeFi solutions can help you lend a loan to borrowers at interest rates agreed upon by both parties. The principle of DeFi basically revolves around the peer-to-peer transactions alongside execution of smart contracts on the network.

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Working of DeFi

The working of DeFi is undoubtedly one of the significant highlights in a DeFi skill path for beginners as well as experts. As discussed in the definition, DeFi works on the basis of smart contracts, which are nothing different than regular computer code. The source code in majority of DeFi applications is available for audit, and anyone can check the code. DeFi users can interact with the smart contract through their wallets by leveraging specific rules in transferring funds or borrowing and lending applications. 

The popularity of DeFi career options has constantly been growing with the value benefits offered by DeFi. For example, DeFi provides cheaper and easier access to capital alongside enabling new opportunities for introducing banking services to the unbanked world population. At the same time, the proposition of taking complete control over your own money with DeFi is a lucrative offer. Imagine a system where banks don’t decide what you can do with your money! The innovative DeFi use cases have transformed not only conventional financial services but also introduced many new improvements.

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Popular DeFi Solutions

If you are wondering about the real examples of DeFi in the real world, then you must come across examples of DeFi solutions. Any individual searching for a reliable DeFi skill path would obviously think of the practical examples of the solutions. The most popular examples of DeFi solutions would point towards decentralized exchanges or DEXs. 

Decentralized crypto exchanges leverage Automated Market Makers or AMM technology for facilitating liquidity with asset-based liquidity pools. In addition, you can also find many other DeFi projects in the lending/borrowing financial services and insurance industry. For example, Compound and Aave provide lending/borrowing services where people can avail of crypto loans. You also have insurance projects like Nexus Mutual dominating the DeFi space with insurance coverage facilities for cryptocurrencies. 

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Career Prospects in DeFi

Anyone aspiring for a DeFi career must have a clear idea of the various job roles in DeFi. The overview of career opportunities in DeFi could help you explore the feasibility of career development in the field. As a result, you can figure out the skills you would need to develop your career in DeFi. Here are some of the notable roles you can expect in the DeFi landscape today. 

  • Smart Contract Developers

One of the most common roles you could explore after completing a DeFi skill path would obviously refer to development-based roles. Smart contract developers can explore some of the most commonly accessible and lucrative job opportunities in the field of development. DeFi developers can expect average annual salaries in the range of $120,000 to $250,000, thereby suggesting prolific advantages for professionals. 

  • Managerial and Engineering Roles

The big DeFi infrastructure would continue expanding and evolving in the future, thereby calling for expertise in managing the massive infrastructure. Project managers or blockchain engineers can help in optimizing the workflow of DeFi projects and their maintenance. 

  • Analytics and Graphic Design

The other roles you can explore in a DeFi career would obviously point to roles in analytics and graphic design. DeFi projects would focus on creating NFTs and digital assets alongside calling for attention to the patterns and trends through analytics. 

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How Can I Learn DeFi with DeFi Skill Path?

The multitude of resources to learn DeFi can be quite confusing at times, especially for beginners in blockchain and crypto. You must have a clear impression of a suitable skill path that can help you learn about DeFi without deviating from your primary objectives. The 101 Blockchains DeFi skill path can be a vital choice for anyone who wants to develop awareness about DeFi. 

Most important of all, the skill path focuses on not only the fundamentals but also other topics related to DeFi and its use cases. You will find five distinct courses in the skill learning path by 101 Blockchains for learning about DeFi. Here is an overview of each course you can find in the DeFi skill learning path on 101 Blockchains. 

DeFi Skill Path

  • Enterprise Blockchain Fundamentals

The process of learning DeFi skills starts with an overview of blockchain fundamentals. As a matter of fact, you cannot become a DeFi expert without fluency in blockchain basics. Blockchain basically offers the foundation on which you will build the DeFi solutions you design or plan to create. The enterprise blockchain fundamentals course is available for free and covers everything you need to know about blockchain. Uncover the meaning of important concepts and terms in the blockchain industry. 

At the same time, the blockchain fundamental course also offers insights on blockchain digital transformation alongside the use of smart contracts. You must also reflect on the additional material in the course focused on the potential of blockchain for changing the world. The blockchain fundamentals course offers a conclusive instrument to understand the foundation on which you can build DeFi projects and solutions. 

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  • Introduction to DeFi

The DeFi skill path by 101 Blockchains serves as a productive resource for developing your expertise in DeFi solutions. You can rely on the introduction to DeFi to build your understanding of DeFi. It helps you understand DeFi in such a way that you can explain the term to your colleagues and clients. You should also have a clear idea regarding the purpose and scope of DeFi from the course. 

The resources to learn DeFi by 101 Blockchains in the skill learning path help you understand DeFi and explain it to your colleagues and clients. You would also come across the implications of different DeFi tools and solutions which are in use presently. Furthermore, the course also delivers some plausible insights on developing your career in DeFi without following the role of a trader. 

The content in introduction to DeFi in the DeFi skill path of 101 Blockchains draws attention to the reasons for introducing DeFi in the first place. On top of it, the course also helps you navigate details regarding the DeFi ecosystem along with relevant use cases. However, the biggest highlight in the course on DeFi you can find on 101 Blockchains DeFi skill learning path is the coverage of DeFi risks. You can basically find a total package of basic information on DeFi. As a matter of fact, you can become a DeFi expert on all the fundamentals before you move towards advanced topics. 

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  • Central Bank Digital Currencies

The DeFi skill path by 101 Blockchains also includes a Masterclass on central bank digital currencies or CBDCs, which are an integral highlight of the DeFi ecosystem. The Masterclass can help you develop a clear idea regarding the accountability for money alongside the ways in which it can support financial inclusion. 

You can leverage the course to strengthen your DeFi career development opportunities with a detailed idea regarding the potential of CBDCs alongside the potential challenges and roadblocks in the future. The course helps you define CBDCs and their variants alongside the possible use cases for their implementation. 

Most important of all, the course also sheds light on how CBDCs can influence the financial system with economic growth and improved financial inclusion. On top of it, the course also dives into the details regarding issues of interoperability and compliance in CBDCs. 

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  • Tokenization Basics

The world of DeFi would be practically incomplete without referring to tokenization. Basics of tokenization in the form of asset-backed digital securities can help you learn DeFi from a new perspective. You can learn how tokenization can serve as a positive driver for DeFi. 

At the same time, the course also helps you learn more about active tokenization projects in detail. Interestingly, the course in the skill path helps in understanding all the regulatory implications associated with tokenization projects. Furthermore, the course also offers an in-depth understanding of the capital market behind tokenization. You could also reflect on the role of the capital market in ensuring success of tokenization projects. 

  • NFT Fundamentals

The final addition in the DeFi skill path by 101 Blockchains focuses primarily on NFTs. Are non-fungible tokens important in DeFi? Yes, NFTs are a huge asset for the DeFi ecosystem as they follow the standards of smart contracts. NFT fundamentals course in the DeFi skill learning path delivers a conclusive advantage in terms of a comprehensive impression of NFTs and their association with the Ethereum blockchain. The course not only provides an in-depth explanation of NFT-related concepts but also an easy understanding of NFT basics. You can learn the history associated with NFTs and their different use cases. 

On top of it, such resources to learn DeFi also prove helpful in figuring out the details of different projects in the Ethereum ecosystem. In addition, the course also provides a detailed impression of the methods for developing, purchasing, and selling NFTs. Finally, the NFT fundamentals course also reflects on the challenges you can expect for mass adoption of NFTs. 

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Bottom Line

The different resources in the DeFi skill path of 101 Blockchains can help anyone learn about the different DeFi concepts and their implications. Decentralized Finance, or DeFi, is a promising concept for transforming financial services and other assets in general. Any individual can learn DeFi and become an expert with the right skill learning path. 

All you need is the guidance of expert instructors and support to get through basic and advanced DeFi courses. You can find everything you need to develop your expertise in DeFi with the help of 101 Blockchains. The skill path not only offers all resources for learning DeFi but also organizes them for a productive learning experience. Find more details about the DeFi skill learning path on 101 Blockchains and enroll now to become a DeFi expert.

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*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!