# WEEK 5 @EIF 3.0

**Published by:** [Kevin](https://paragraph.com/@kevin-49/)
**Published on:** 2023-03-10
**URL:** https://paragraph.com/@kevin-49/week-5-eif-3-0

## Content

After spending the first four weeks solving various speed run ethereum challenges, its finally time to spend the next four weeks on building and shipping a project 🚀🚀 Before I get started on the project, we had a DeFi presentation session this week where every fellow was given specific protocol/project in DeFi to study about and give a 4 minute presentation explaining the same in brief to all the other fellows. The topic assigned to me was Augur. Here is the PPT that I had created for the presentation: https://docs.google.com/presentation/d/176Sss2n1Qxe3zpFYrYgRg7gbwi58nunS4q7NJiPxK_I/edit?usp=share_link Augur was a decentralized prediction market platform. Studying about augur helped me learn about decentralized prediction markets which honestly I had no idea about. This activity helped me learn a lot about many new DeFi protocols/projects that I was not aware of and were very well explained and presented by my fellows @EIF. I spent rest of the week studying about liquid staking derivatives and leverage staking derivatives. The core of my project idea is to create an easy application where users just invest and withdraw Matic 💜 and the smart contract takes care of the whole procedure to generate yield. The best suited name for the application seems to be LSD 💊 (don’t ask why the pill emoji 😜) To know more about the project: Project Proposal 🔗 I spent some time studying Stader, Aave and Balancer’s smart contract since LSD’s contract will be interacting with these contracts to create the circuit for generating yield.

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