Lesson 15 of 1,000 · Adjusting Mentalities, Crypto Isn't Money
#15 How Is The Value Of DEFI Measured?
TVL, yields, volume, the metrics that actually tell you whether a DeFi protocol is real or a house of cards.
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The unedited walkthrough for lesson 15 is not on the shelf yet. Read the lesson notes below in the meantime.
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- SolutionNo credit history? How crypto lending worksDeFi lending never asks for a credit score: on Aave you borrow against collateral you already hold, so you keep your savings and still get cash. With nothing to pledge yet, start an onchain record of references and repayments people can check. Borrow far below the limit. Skip these: borrowing what you cannot repay.
- UnlockBorrow against crypto you already hold, no credit checkAave lends against collateral you deposit, so no credit score is asked for. You must deposit more than you borrow, and the collateral is sold automatically if its value falls too far.
- UnlockForecast an event on a BNB Chain marketPredict Fun runs a prediction market on BNB Chain where prices come from traders and idle collateral can earn lending yield while your position is open.
- UnlockStamp a photo with proof of when it was takenCapture Cam from Numbers Protocol embeds a C2PA Content Credential and writes a record of the file's fingerprint onchain as you shoot, so later edits can be detected.