Audio course - 12 lessons

DeFi Without the Hype

Banking without banks, 20 percent yields, money that never sleeps. Decentralized finance promised to rebuild finance from scratch, and parts of it worked. Then came the hacks, the death spirals, and the quiet realization that yield always comes from somewhere. This course explains where it comes from, how liquidity pools and liquidations actually work, the billion-dollar exploit history, and who DeFi is really for. No yield-farming fantasies, no promises.

Not investment advice. This course does not tell you to buy, sell, or hold anything, and it never will. No returns are promised or implied. Past performance of any asset says nothing reliable about its future.

Buy once, keep forever. MP3 downloads you keep on your phone or computer - listen anywhere, even offline. One-person license: use it however you like. No subscription, no app, no expiry.

Free lifetime updates. Crypto keeps changing, so this product is refreshed every 3 to 6 months - and every future version is yours free, forever.

Buy now - $49 one-time

Instant download - 14-day no-questions-asked guarantee.

Pricing

One price. Yours forever.

Full course details

All 12 lessons

  • Lesson 0 - Start Here: What This Course Is and Isn't. The full disclaimer, the honest premise, and how to use the course.
  • Lesson 1 - Banking Without Banks. What DeFi actually is: lending, borrowing, and trading run by code instead of institutions, in plain English.
  • Lesson 2 - Where Yield Actually Comes From. Borrowing demand, trading fees, token emissions: the three sources of DeFi yield, and why high APY usually means high risk or temporary subsidies.
  • Lesson 3 - Impermanent Loss, Explained Plainly. A worked example of what happens to your deposit in a liquidity pool when prices move.
  • Lesson 4 - How Automated Market Makers Work. Uniswap and the math that replaced the order book, explained conceptually.
  • Lesson 5 - The Anchor Protocol Lesson. The roughly 20 percent stablecoin yield that evaporated in May 2022, and what it teaches about unsustainable rates.
  • Lesson 6 - The Hack History. Real numbers from the biggest exploits: Ronin, Poly Network, Wormhole, and the pattern behind them.
  • Lesson 7 - The Oracle Problem. Why blockchains need outside price data, and what goes wrong when that data is manipulated.
  • Lesson 8 - Governance Tokens. What token holders actually govern, voter apathy, and the whale-control reality.
  • Lesson 9 - Liquidations. How DeFi liquidates your collateral automatically: no margin call, no phone call, no mercy.
  • Lesson 10 - Smart Contract Risk. Audits are not guarantees, upgrade keys exist, and admin risk is real.
  • Lesson 11 - Who DeFi Is Actually For. The honest framework: who benefits, who should stay away, and the clear-eyed close.

Educational content only. This course is not investment advice, financial advice, tax advice, or legal advice, and nothing in it should be acted on as such. Cryptocurrency is volatile and speculative; you can lose some or all of any money involved. Consult a licensed professional for advice about your own situation.

Questions

Before you buy

Will this course tell me where to put my money for yield?

No. It explains where yield comes from and where it has gone wrong, so you can see through the next too-good-to-be-true rate yourself.

Do I need to know how to code?

No. Everything is explained conceptually, with worked examples instead of code.

Is DeFi dead after all the hacks?

The course gives you the numbers and lets you decide. The honest answer is more interesting than either yes or no.

What is the guarantee?

Fourteen days from purchase, full refund, no questions asked. If honest crypto education turns out not to be what you wanted, you should not pay for it.