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DeFi - Business of Decentralized Finance (DeFi) (Udemy.com)

Economics, Finance, and Business of Decentralized Finance

Created by: Sam Ghosh

Last updated January 2023

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What you will learn

  • Economics, Finance and Business aspects of Decentralized Finance (DeFi)
  • Basic DeFi Concepts
  • General Structure of DeFi Platforms
  • Automated Market Making and Yield Farming
  • Token Economics or Tokenomics
  • How DeFi platforms create value? Valuing DeFi tokens.
  • Cash-flows in DeFi projects
  • DeFi Governance
  • Sustainability for DeFi Platforms - Risks and Vulnerabilities in DeFi
  • Planning for a DeFi project - from value proposition to path of self-sustainability

How it compares

Against the other 1,210 rated Udemy courses in Business on CourseDuck:

  • Rating4.3 out of 5higher than 15% of them
  • Reviews188#956 of 1,211 by number of reviews
  • Length1.9 hoursshorter than 67% of them
  • Last updatedJanuary 2023earlier than 80% of them

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Course Description

Course Update 1st August 2022


30 minutes of new video content that includes -


  1. A completely new section on risks and sustainability in DeFi.

  2. Many case-studies covering specific use cases of the concepts discussed.

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Reading material - DeFi Case Studies - 70 pages (with Lecture 7)

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Much more graphics - complete new recording

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First of all, let be clear that - this is not a technical course - this is a business course. This course does not delve into specific DeFi protocols but talks about the broad structure of DeFi platforms with some case studies on how specific protocols implement the concepts discussed.


Decentralized Finance or DeFi platforms are disrupting the financial sector and many want to join the movement. The challenge they face is that building and evaluating these platforms need a deep understanding of economics, finance, and business. Decentralized Finance is fundamentally multidisciplinary. You do not need to master all the subjects but need some basic understanding of various disciplines to get into DeFi.


Apart from that, building these platforms is a time-consuming and resource-intensive process. Until these DeFi platforms become self-sustaining, there has to be some mechanism to create economic incentives for the stakeholders so that the project is not abandoned. Creating those economic incentives involves balancing out the short-term cash flows with long-term wealth creation. For that, we need to know how DeFi platforms generate cash-flows and create value. Creating cash-flows and creating value need various approaches and involve different kinds of strategies.


Unfortunately, the learning sources for DeFi are often scattered and/or primarily focused on the technical side of DeFi. There is a need for learning sources that deal with the finance and business side of DeFi in a well-structured manner.


This is what this course is trying to achieve.

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Instructor Details

Sam Ghosh

Sam Ghosh is an engineer with an MBA from the University of Calgary and has completed all three levels of the CFA Program. He has been an entrepreneur in the FinTech domain and contributes to awareness about emerging technologies through various media.


He works at the intersection of emerging technologies, decentralized systems, and investment strategy, helping founders, investors, and policymakers navigate evolving market landscapes.


With expertise in Web3, AI policy, and startup finance, he focuses on leveraging technology to drive innovation and scalable growth models. He has also authored multiple books on economics, finance, and business.


His latest book by the Taylor and Francis Group:

The Age of Decentralization: How Web3 and Related Technologies will change Industries and our Lives

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Reviews

4.3

188 ratings on Udemy

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By Anna Tekielska on 8/1/2024

Good overview of the DeFi ecosystem, with a large number of case studies to help understand/provide signposts on where to continue ones study.

By Deepa Dubey on 1/17/2023

Wanted to learn DeFi for a long time....could not make it because of my busy life...this course helped me get a solid start...great foundation level course for serious learners...surprisingly covers all tenets of DeFi through the short, to-the-point, no-bs videos without lingering on the same idea for too long. The course sets realistic expectations and delivers on them. Quite enganing with the animations and the examples. Would recommend to friends.

By Andrei Raiu on 12/28/2022

The course is too general. Goes over basic notions and very fast. The teacher reads its slides and adds very few words to them here and there. Each part is about 2 to 3 minutes long.

By Tiffany Frierson on 9/15/2022

Very valuable information. Very succinct. To the point. However, I am taking a star off for the lack of captions. Accessibility is important, and the lack of captions in this day and age is unacceptable.

By Jeff Ward on 7/20/2022

Moves very very fast. Only a sentence or two about each of these types of Defi players? Maybe this is intro and we dig deeper later. It's just intimidating so far.

By Jacob Philip on 6/5/2022

I came here from Sam's book on DeFi...and I am not disappointed. This is a great course for non-tech people like me who want to understand DeFi. This course talks about DeFi in a very simple language and covers all topics you need to understand and gives a pretty good overview on the subject matter. Overall very good first course on DeFi. Video and audio quality could have been a little better but I can live with that. It is far better than spending huge amounts on courses that takes days to complete and does not add much value. Buying more courses made by Sam.

By Jaychauhan on 5/26/2022

Instructor could have spent a min or two more on very concepts for e,g L2 scaling or how swaps actually work or how AMM works. He should have used many more (preferably animated) slides to illustrate his point rather than reading off a script.

By Valentina Kahlon on 5/2/2022

The quality of the recording and video not great but content is very useful and defiantly helps to understand DeFi better

By Curtis Shipman on 5/1/2022

Very good introductory course on DeFi. It's a broad overview, for example, he talks about liquidity pools and how they work, but does not deep dive into the topic. It's a great course for the basics, and a good place to take notes so you know where you want to deep dive next.

By Janmejoy Bhowal on 3/23/2022

The course has been designed in an excellent manner. Simple yet vivid. Instructor is quite knowledgeable and lecture delivery is very impressive. I personally felt very enriched. I would request our instructor to come up with more such courses in future.

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Overall Score : 86 / 100