2023 DeFi MasterClass

Introduction

0.1 Welcome and What You’re Going to Learn

Welcome to this completely revamped version of my highly successful DeFi Revolution 1.0 course.

Module 01: Setting Up Your Tool Kit

1.1 Tool Kit Module Introduction

In this module, we will be setting up the tools and software that we need in order to carry out the strategies in the upcoming modules.

1.2 How the Two Systems Connect

In this lesson, I want to walk you through this diagram I’ve drawn of how the traditional finance system and the DeFi system connect.

1.3 Your DeFi On-Ramp

In this lesson, I’ll walk you through the three main areas of my recommended on-ramp and then conduct some demo transactions.

1.4 Setting Up Your DeFi Wallet

In this lesson, I’ll walk you through setting up your DeFi wallet, including generating your private key.

1.5 Transfer Crypto To Your DeFi Wallet

In this lesson, we’re going to take the crypto from your exchange account and transfer it to your new DeFi wallet.

1.6 Automated Portfolio Tracking

In this lesson, I’ll introduce you to the tool I recommend for automating your portfolio tracking.

1.7 Toolkit Module Conclusion

Here we are at the conclusion of the module on setting up your DeFi toolkit. You need to make sure you complete all the tasks I set before moving on.

Module 02: The Sideways Siphon Strategy

2.1 Sideways Siphon Module Introduction

Here we are in a brand-new module in which I will teach you my proprietary Sideways Siphon DeFi strategy.

2.2 How I Came To Develop This Strategy

I believe it’s important to explain how I came to develop this strategy to see if you can relate. Because if you can, then you’re much more likely to follow through with it.

2.3 The Innovation Of DEXes

DEX is an abbreviation for “decentralized exchange.” In this lesson, I take the concept of an exchange like the Nasdaq and turn it into a smart-contract-based exchange running on a blockchain.

2.4 Automated Market Makers

In this lesson, I’ll explain the invention of the automated market maker and where those fit into the picture.

2.5 Sideways Siphon Strategy Overview

In this module, I’ll explain how the Sideways Siphon takes the concept of an automated market maker and builds an entire strategy around it.

2.6 Step 1 – Selecting A Pair

In this lesson, I’ll explain how to carry out Step 1 in the Sideways Siphon strategy.

2.7 Step 2 – Calculating Projected Yield

Now, we are going to carry out Step 2 in the strategy: calculating a projected yield.

2.8 Step 3 – Identifying Consolidation Ranges

Now, we’ll deal with Step 3 in the strategy: identifying price ranges where the market is likely to move sideways.

2.9 Step 4 – Deploying Capital

Now, we’ll deal with Step 4 in the strategy: actually deploying capital.

2.10 Step 5 – Collecting Fees and Compounding Returns

Now, we’ll deal with Step 5 in the strategy: claiming fees and compounding returns.

2.11 Step 6 – Getting Out

Now, we’ll deal with Step 6 in the strategy: getting out.

2.12 Dealing With Black Swans

This lesson deals with how to get out of a bad situation. Expecting the market to only ever go up and having no plan for the downside is outright foolish.

2.13 My Live Examples

In this lesson, I’ll show you some of my live examples so we can use them as little case studies.

2.14 Finding Opportunities

In this lesson, my goal is to reassure you of the endless opportunities to apply the Sideways Syphon strategy.

2.15 Advanced Strategies

In this lesson, my goal is to show you just how dynamic the Sideways Syphon strategy is by demonstrating some advanced ways to apply it.

2.16 Using Multiple Wallet Addresses

In this lesson, I’ll show you a way to make managing multiple liquidity positions much easier.

2.17 Improving Your Results

In this lesson, I’ll show you ways to improve your results from the Sideways Syphon strategy.

2.18 Sideways Syphon Module Recap

We have reached the conclusion of the module in which I walked you through each element of the Sideways Syphon strategy.

Module 03: Supercharged DeFi

3.1 Supercharged DeFi Introduction

In this module, I’ll teach you all about supercharged DeFi, which is an enhancement to the knowledge you have gained so far.

3.2 The Supercharged Networks We’ll Be Using

The two supercharged DeFi networks we are going to be connecting to are Arbitrum and Optimism.

3.3 Supercharging Your Wallet

In this lesson, I’ll show you how to connect your wallet to our chosen supercharged DeFi networks.

3.4 Using Supercharged DeFi Bridges

In this lesson, I’ll show you how to transfer assets over to the supercharged DeFi networks using a bridge.

3.5 Using Supercharged DeFi Apps

In this lesson, I’ll show you how to interact with the different versions of a DeFi app that runs on multiple networks.

3.6 Supercharged DeFi Module Recap

In this lesson, I’ll bring everything that we have learned in this module together in a summary.

Appendix

Appendix 1.1 - Blockchain Module Introduction

Welcome to this new module: “The Revolutionary Infrastructure: Blockchain.”

Appendix 1.2 - Blockchains

In this lesson, I’ll give an overview of the question: ”What is a blockchain?”

Appendix 1.3 - Decentralization

This is probably one of the most used words in the crypto space, and everyone seems to think it’s important … so let’s deal with it.

Appendix 1.4 – Open Source Software

This lesson is about open-source software: a key feature of the crypto space.

Appendix 1.5 - Software Protocols

This lesson is about software protocols, a term you are likely to hear a lot of in DeFi.

Appendix 1.6 - Security Through Encryption

This lesson is about encryption, which is a way of scrambling a message while it is in transit.

Appendix 1.7 - Security Through Consensus

In this lesson, I want to touch on another dimension of security in the blockchain world: consensus.

Appendix 1.8 - Private Keys

In this lesson, I’ll explain private keys and their role in the overall system.

Appendix 1.9 – Wallets

Everyone refers to them as wallets, and that term has now stuck. But it would be better if we had called them key rings.

Appendix 1.10 - Smart Contracts

Smart contracts are autonomous computer programs that act as mindless, automated go-betweens for digital transactions.

Appendix 1.11 - dApps

You’ll often see the word “dApp,” with a small “d” at the front, which refers to a decentralized app.

Appendix 1.12 - Nodes

A node in the context of DeFi refers to someone who is storing a full copy of the blockchain.

Appendix 1.13 - Mining and Validating

In this lesson, I’ll explain the role of miners, validators and their role in the overall system.

Appendix 1.14 - Connectivity

In this lesson, I’ll put the final nail in the coffin when it comes to any concerns about the resiliency of DeFi networks.

Appendix 1.15 - Blockchain Infrastructure Module Recap

Let’s bring all this together in one place as a summary.

Chris Coney

DeFi & Crypto Educator

About the Author

Chris Coney is among the world’s most experienced educators in the field of decentralized finance (DeFi) and cryptocurrencies. He is also one of the few analysts in the world specializing in the field of “yield farming” — hunting for the high yields now possible in the fast-growing DeFi world — and showing others how they can do the same.