Event on: 13th May 2023

DeFi Series –  Webinar 2 – The Core Components of DeFi 
Dr Ravi Webinar

In this episode of the Zeeve Defi Series, Ravi Chamria, the CEO and Co-founder of Zeeve begin by introducing himself and the platform Zeeve which is trusted by thousands of Blockchain startups, Enterprises, and Web3 Developers to deploy, scale, monitor and manage their decentralised applications.

He begins the webinar by recapping the last webinar in this series which includes Blockchain protocols, Smart contracts, comparison between decentralised and centralised exchange and oracles.

Dr Ravi shares what he will shed light on in the webinar which includes various components of Defi Infrastrures such as Blockchain Technology, Stable Coins, dApps, etc.

He shares his insights on Transactions where he gives the example of Ethereum, token transfer, smart contracts, gas fees, obfuscation transactions and different other aspects of Transactions. During the webinar, he talks of Fungible Tokens which are identical and interchangeable like a $100 USD Bill. He also mentions non-fungible tokens, fiat money, three main types of ERS-20 tokens, Equity Tokens, Governance Tokens, Convergence between multiple categories and much more.

He explains Equity Tokens which are a type of Fungible Token that represents ownership/equity of an underlying asset/pool of assets. Utility Tokens which are a type of Fungible Token that are developed for using inside a specific blockchain ecosystem and meant to be used to use the network are well-explained in this session.

The cepcpt of Governance Tokens which are a type of Fungible Token that are kind of equity tokens but not for assets and it represents voting rights for a Defi protocol or DAOs is talked about during this episode.

He also mentioned about the supply of Governance Token’s

  • Static
  • Inflationary
  • Deflationary

The webinar also sees the concept of Non-Fungible tokens in which each unit is uniquely divisible (fractional NFTs) but not interchangeable being mentioned in detail. The speaker also mentions the different standards for the different NFTs.

Viewers of the webinar got an insight into the concept of Custody which is a very critical component of Defi – ability to escrow or custody funds in a smart contract and also the facilities of Custody. The concept of Supply Adjustments which are token supplies that can be adjusted using minting and burning mechanisms are also spoken of. Incentives which are given or charged to encourage/discourage network participants is also discussed as part of the topic covered here..

The concept of Swap which is simply exchanging one type of tokens with another is well-explained. He also mentions 2 approaches a DEC gets liquidity:

  • Order Book Matching
  • Automated Market Makers

He talks about the collateralized loans which are backed by an equivalent or excess of collateral.Flash: Uncollateralized Loan which uses multi-layered architecture and every layer has distinct properties is being discussed in detail. Lastly, he discussed the vesting and architecture which are a normal thing in Trade-Fi.

He wraps up the session by sharing the future prospects of DAO and the potential it has. And open the floor for questions and further discussions.

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