Part IV — DeFi and applications
What gets built on top of the chains: finance without an intermediary, tokens that represent the real world, and the economics (and the risks) that decide what survives.
| # | Section | What it covers |
|---|---|---|
| 1 | DeFi: finance without an intermediary | Money legos, AMM (constant product), lending/liquidation, stablecoins, oracles. |
| 2 | NFTs, RWA and beyond | NFT (what it guarantees), art/ENS, RWA (tokenizing the real world), GameFi, DePIN, identity. |
| 3 | Tokenomics, bridges and risks | Supplydistributionutility/DAOs, bridges (trusted vs. trustless), systemic risks. |
Previous part: III — L1 and L2. Next: V — Blockchain at Koder — the Stack's posture.
For dense reference, see Part VIII — Reference.