Hey there,
Hope your summer has been relaxing. As you basked in the warm summer sun, I know what you’ve been thinking…"what did those Illini Blockchain investment teams end up creating this semester???”
Well, your thoughts have been answered! We had 2 teams - lending protocol and DEX (decentralized exchange). Each team went deep on their respective lending protocol / DEX and wrote a breakdown on it. Check ‘em out!
Learn about the next generation of financial incentives — ve(3,3)
If you’re interested in economics, game theory, incentive structures, financial mechanisms, new tech, or DeFi — this breakdown is for you.
Joe Morgan, Savya Raghavendra, & Brianna Cheung break down ve(3,3) — a lending protocol created by one of the godfathers of decentralized finance (DeFi), Andre Cronje.
It rose to over $12 billion in total value locked and then dropped by 50% in just a few hours. Pretty crazy!
It could be a glimpse into the underlying tech behind the future of finance. Learn how it evolved, how it works, & where it’s going:
Bringing real world assets (like metal) on-chain
Blockchain will make traditional exchanges more efficient, accessible, secure, & cheap. How? In short, it replaces the middle-man with code.
But, blockchains haven’t revolutionized exchanges (yet). Why?
All blockchain-based exchanges trade crypto that has no tie to the real world. If most people don’t care about a cryptocurrency, then the exchange it trades on doesn’t really matter.
So how does blockchain make the jump? By bringing real world assets (that people care about) on-chain.
Mettalex is a pioneer real world asset decentralized exchange. They want to bring the benefits of blockchains to the metal markets (and eventually to all physical goods).
Jonathon Naour, Kevin Choe, & Yoon Lee spent the semester under the hood of Mettalex to see how it works and if it’s worth investing in. Learn a semester’s worth of knowledge in a few minutes:
Hope you enjoy those articles. See you around.
- Luke