Introduction to Crypto & DeFi

Hosted by The Psychedelic Society
Activity Crypto & DeFi
When Thu 3rd Dec 2020, 6pm – Wed 23rd Dec 2020, 8pm UK time (UTC +00:00)
Location Online
Facebook event
Enquiries to stephen@stephenreid.net
Facilitators
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Join Stephen Reid, founder of the Psychedelic Society and creator of the dandelion.earth platform, for a four-week deep dive into the world of cryptocurrency and decentralised finance (DeFi).

The course is suitable for absolute beginners but will also be of interest to those with some expertise in the area seeking to connect with likeminded others.

The course will take place 6pm-8pm UK time via Zoom on:

  • Thursday 3rd December
  • Thursday 10th December
  • Thursday 17th December
  • Wednesday 23rd December

 You will be sent a short preparatory video and/or course notes to study a few days before each session. Sessions will be recorded and shared (so you can catch up if you're late/miss one).

There are only 5 low income spaces. Please bear this in mind if considering this option.

Feedback from previous editions

"I didn't really know what to expect, but I was very happy with this course. Both interesting and useful, which is a rare and precious thing in this world! The subject matter suited the Zoom medium very well, and the demonstration approach of actually going through the processes of, say, yield farming or trading on an AMM on-screen was the ideal way to teach them and give confidence to try them out for myself… Overall the structure of the course flowed well, building on ideas in an engaging and easy-to-follow progression. Thank you very much – I got a lot out of this and greatly appreciate the care and intelligence put into its construction and delivery."

Course schedule

The schedule is subject to change to ensure maximal relevance in this fast-changing space.

Session 1: Introduction to Crypto
Thursday 3rd December

  • Cryptography
  • Hashing
  • Public key (asymmetric) cryptography
  • Blockchains
  • The simplest possible blockchain
  • Proof-of-work
  • Ledgers
  • Distributed ledgers
  • Bitcoin: the first cryptocurrency
    • Nakamoto Consensus
    • 51% attacks
  • Ethereum: the world computer
    • Smart contracts
  • Proof-of-stake

Session 2: DeFi basics
Thursday 10th December

  • History of DeFi
  • Basics
  • CeFi v DeFi
  • DeFi newsletters, channels & podcasts
  • Information sources
  • ERC-20 and WETH
  • Fiat-backed Stablecoins: USDT & USDC
  • Maker and DAI
    • Why DAI?
    • Price stability mechanisms
  • Wrapped Bitcoin: WBTC, renBTC and tBTC
  • Automated Market Makers: Uniswap, Balancer and Curve
    • Slippage (price impact/loss rate)
    • Buy-And-Hold vs. Constant-Mix (aka impermanent loss or divergence loss)
    • Aggregators
  • Money markets: Aave and Compound
    • Decentralised shorting

Session 3: Advanced DeFi
Thursday 17th December

  • Yield farming (liquidity mining)
    • Platform co-operativism
    • What about 'effort/contribution mining'?
    • Degen farming
    • Stablecoin farming
    • What if there's no farm for my token?
  • Automated farming
  • Hedging and insurance
  • Money legos with FURUCOMBO
  • DeFi indices

Session 4: Looking to the future
Wednesday 23rd December

  • Layer 2 scaling solutions
    • What about faster layer 1?
  • DAOs (Decentralised Autonomous Organisations)
    • Snapshot: gasless, off-chain polling
  • NFTs
    • Ethereum Name Service
    • NFT marketplaces
    • Cryptokitties
    • Decentraland
    • Axie Infinity
  • Regenerative crypto
    • SEEDS
    • Celo
    • Regen Network
  • And finally…
    • Investing v trading
    • Taxes

About Stephen

Stephen Reid is a co-operative technologist and cultural changemaker who has trained in the fields of physics, complexity science, software development, meditation, psychotherapy, plant medicine, conscious sexuality and political activism. 

He has been using cryptocurrency since 2011 and made his first major investment in 2017.

Stephen is currently a co-director of Dandelion Collective (the not-for-profit worker co-operative behind the Psychedelic Society, which he founded in 2014), the lead developer of dandelion.earth, a co-creator of Don't Go Back To Normal and a contributor to Enspiral.

Previously, he was the youngest ever board member of Greenpeace UK, was selected as the Green Party parliamentary candidate for Totnes, co-founded the New Economics Foundation's New Economy Organisers Network and worked as a technology consultant for organisations including the Labour Party, the Living Wage Foundation and 350.org. Stephen has an MPhys in Physics from the University of Oxford, where he specialised in quantum field theory, and an MRes in Complexity Sciences from the University of Bristol.

Please note that the purpose of this course is education and nothing in the course constitutes financial advice.

Refunds: Please note, we do not arrange refunds or exchanges. When possible we encourage reselling on Ticketswap.
Access: Our UK events are intended for a sober audience.  

Members of the Psychedelic Society get 10% off almost all of our events.
Join from £5 a month and become part of this amazing community with invites to special events and more.

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