The course

DeFi, explained like you are 10.

The vocabulary is monstrous, the actual mechanics are not. A short course that builds the whole mental model: what you are actually doing, who pays you, what can seize you, and why a cow explains Pendle better than any whitepaper.

1The Only Four Things You Ever Do in DeFiThe vocabulary is monstrous but the actions are tiny: lend, borrow, provide liquidity, bet. Every DeFi protocol is a variation of these four moves.5 min read 2The Base Layer: Wallets, Tokens, Chains, Gas, StablecoinsFive words before everything else: the public ledger, the address and the key, the token, the toll, and the dollar that must stay a dollar.5 min read 3Where Yield Actually Comes FromInterest, fees, staking, emissions, points: the five sources of on-chain yield, which ones are real, and the yield-bearing tokens that feed Pendle.5 min read 4Lending and Borrowing: Aave, Morpho, EulerA bank without a banker: collateral, LTV, the health factor formula with real numbers, looping, and the silent trap of negative net APY.7 min read 5Providing Liquidity: Uniswap and ConcentrationPools, AMMs, concentrated ranges, the silent out-of-range event and impermanent loss explained without a formula. The real P&L of an LP.6 min read 6The ve(3,3) Model, DecodedEmissions, locking, weekly votes and bribes: the four-step flywheel behind ve(3,3) DEXs, why TVL is the obsession, and the emissions dial.6 min read 7Pendle Explained: Separating the Milk From the CowPT, YT, maturity, implied APY, LPing, points and Boros: the full Pendle mental model, from the cow analogy to real market numbers.12 min read 8When Yield Comes From Credit: USD3 and USDaiUncollateralized lending, senior and junior tranches priced side by side on Pendle, GPU-backed loans, and the four questions to ask any yield-bearing stablecoin.7 min read 9Options and Perps: Derive and HyperliquidCalls, puts, covered calls sold as yield, implied volatility, leverage, margin modes and the funding rate: the two ways to bet without holding.9 min read 10Prediction Markets and NFTsPolymarket shares as priced probabilities, and NFTs as calendar risk: the two position types people forget they hold.4 min read 11The Six Ways to Lose Everything in DeFiLiquidation, depeg, smart contract bugs, oracle failures, bad debt and governance: the risks that never show up on a price chart.6 min read 12What Otomato Watches, and Why Each Alert ExistsThe full alert map, protocol by protocol, with the exact risk from this course that each alert answers. The course landing page.6 min read

Twelve chapters, about 80 minutes end to end. The DeFi glossary covers every term used in the course.