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Quests

  • Assuming you only have ETH on the Ethereum chain, buy a small amount ($20 worth) of MATIC (the native token of Polygon/Matic chain). You can do that on many decentralized exchanges: uniswap, sushiswap, paraswap, etc.
  • Bridge assets to Polygon (prev. Matic); don't forget to buy a small amount of Polygon token (native token on Polygon chain) https://s3-us-west-2.amazonaws.com/secure.notion-static.com/8a3a6882-773b-4183-ac96-41a9f66eb9ad/Untitled.png
    • What happens to your eth-chain assets?
    • How does custody work? What ensures that you can convert polygon-chain assets back to eth-chain?
  • Lend and borrow assets from Aave Polygon
    • Be careful don't get liquidated. At what point would your loan get liquidated? What's the penalty?
    • What are you earning on your lending? Who's paying you?
    • What are you paying/earning on your borrowing? If you are earning, who's paying?
  • Add some liquidity to a Sushi pair for farming
    • Why are the farming yields higher than on Aave?
    • Why are some pairs' yields higher/lower than others?
  • Claim your farmed tokens so far, trade them into your favorite token on Sushi Polygon
    • What's the trading fee?
    • What was your market impact?
    • What was the slippage set to? (See frontrunning MEV)
      • What would happen if you had set it to 10x higher?
      • What would happen if you had set it to zero?
  • Now that you have lots of random assets spread around, get an overview of your portfolio on Zapper
    • Try another portfolio overview service: Zerion, DeBank, other?
  • Go to 1inch (ethereum chain). Input (don't actually make the trade) a ETH → USDC trade for various amounts of ETH from 0.1 to 10000.
    - [ ]  How does the amount out (sell price) change as you increase the amount in? Is it linear? Why?- [ ]  How does the routing change as the amount gets larger?- [ ]  Also try it with a stable → stable.- [ ]  Also try paraswap and matcha
  • Compare and contrast other defi protocols
    • e.g. MakerDao, Curve, Bancor, Gnosis, Perp, Ruler Protocol (example of a long-tail protocol)
    • Stablecoins — pick one or two and understand how they work
    • Find your own to analyze (please report back and share! good for ⚡ lightning talk ⚡)
  • Specific discussion: 7/19 Grayscale DeFi Fund: 1 2 twitter
    • What's the methodology? Which assets didn't make the cut?
  • Specific discussion: Fei Protocol Genesis case study. Read the posts leading up to the protocol launch in April 2021: https://medium.com/fei-protocol
    • Why was the launch predictably bad? What design flaw was in the genesis design?
  • Potential project idea: Build a dune analytics dashboard for a defi protocol

On MEV:

  • Register an ENS domain
    • How does the protocol prevent front-runners from buying your domain before you do?
  • Go find an example transaction(s) on the blockchain illustrating:
    • An pure arbitrage (turns a profit within one transaction)
    • A liquidation event
    • A sandwich (Front running / back running)