DeFi in practice: Central Bank offers free online course on decentralized finance

This article is from cointelegraph.com.br and the original article can be read here in Portuguese

The Central Bank of Brazil will provide a free theoretical and practical online course on decentralized finance (DeFi), from next Friday, 6, informed reported Canal Tech.

It is an initiative of the institution’s Laboratory of Technological Financial Innovations (LIFT Learning), which aims to introduce students to the basic tools for understanding DeFi in a technical and operational way, in addition to contextualizing it within the financial and broader cryptocurrency ecosystems.

Applications can be made by filling in a form available through this link. The course will be officially launched in a face-to-face ceremony at the Instituto Federal de Brasília this Wednesday, 4th, and classes will start next Friday, 6th.

The course will be divided into two modules. In the first, students will be introduced to the basics of the technology underlying DeFi protocols, such as blockchain and smart contracts. Classes in this introductory cycle will address the history and use cases of decentralized finance in the contemporary world.

The second module, which comprises most classes, students will have practical classes to learn to program in solidity – the programming language used by the Ethereum network, a leading blockchain in applications based on smart contracts.

In addition, they will be introduced to the technical and practical principles of other sectors of the cryptocurrency industry, such as web3, NFTs (non-fungible tokens) and DAOs (decentralized autonomous organizations). There are no prerequisites necessary to participate in the course and anyone interested in the topic can sign up to attend the classes.

Upon completion of the course, students will be expected to develop a project based on smart contracts. The best initiatives will receive grants funded by the cryptocurrency exchange Mercado Bitcoin so that developers can move forward with the development of projects.

The president of the Central Bank, Roberto Campos Neto, is a decentralized finance enthusiast and has already declared that it intends to implement DeFi capabilities to Digital Real. The crypto-native lending protocol Aave and infrastructure provider for the Ethereum network, Consensys, are among the partners selected by BC to contribute to the development of the Brazilian CBDC, as Cointelegraph Brasil recently reported.

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