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Messari

@MessariCrypto

30 Jun

@MessariCrypto

(1/8) Here's your sneak peak inside #Mainnet2021, @MessariCrypto's annual summit, to be held in NYC Sept 20-22. We've got 150+ speakers across 3 tracks - Mainstage, Proof of Work and Proof of Stake.
Get passes 👉 mainnet.events/?utm_source=me…

@balajis

(2/8) Mainstage - Everyone knows and loves a mainstage. Expect big names talking about the hottest topics in the crypto space, like @balajis talking scaling and governance & the Big 4 L2s sitting down for an AMA. It's gonna be off the chain (get it)!

(3/8) Proof of Work track - This is for those of you who don't consider yourself maximalists of anything. Join 30+ crypto protocols as they give rolling 20-minute updates of the past year's advancements as well as a look toward the future.

Read 8 tweets

Messari

@MessariCrypto

29 Jun

There's no such thing as a valueless governance token, only one whose value is yet to be utilized.

Governance tokens can be activated
+ as a function/service required within the protocol
+ to control assets of a protocol
+ to alter the existing parameters of a given network

@NexusMutual

As a service:

Protocols that primarily use governance tokens for key decision making naturally accrue greater governance power.

Governance-heavy protocols like @NexusMutual allow stakers to make key decisions through the use of tokens. To hold more tokens is to hold more power.

Governance tokens also can be used to set parameters for:
+ inflation
+ token distribution
+ liquidity mining rewards

Parameters aren’t always governed on-chain and sometimes require social consensus, however, many networks can be altered by token holders.

Read 4 tweets

Messari

@MessariCrypto

28 May

Week ending May 27th saw a quick reversal to last week’s market crash.

This week with market sectors, Web3 (+3.7%) and DEXs (+2.2%) had positive performances. Others didn't recover as well.

+ Smart Contract Platforms, -1.8%
+ Currencies, -3.5%
+ DeFi, -3.9%.

Cumulative performance across sectors sunk as much as 30% by mid-week but quickly bounced back.

Web3 and DEXs finished the week with a 28% return while Smart Contract Platforms ended with a 23% return.

@Uniswap

All sector portfolios saw a spike in volatility starting mid-May as the market declined. After the crash, the DEX portfolio experienced the highest increase in volatility from 6% to 12.5% over the past two weeks. DEX portfolio includes

+ @Uniswap
+ @PancakeSwap
+ @THORChain

Read 4 tweets

Messari

@MessariCrypto

27 May

Macro update: Crypto investors should focus on token dynamics, global macro, equities, and credit markets to understand the direction of cross-asset flows.

Recent cryptoassets correlation to Bitcoin among tokens has increased to greater than 60%, with some reaching highs of 80%.

Bitcoin increasingly correlates to global macro factors. After the Fed announced that they shouldn't raise interest rates until 2023, both store-of-value/risk-on assets rose.

The short term correlation between gold and Bitcoin made institutional investors pay attention.

Since the Fed’s initial announcements, various data points signal the economy overheating. But is tapering a real concern?

Not for broad markets but arguably for Bitcoin considering how fiat-based institutional investors are at the far end of the risk spectrum.

Read 4 tweets

Messari

@MessariCrypto

26 May

@yaxis_project

@yaxis_project brings DeFi yields to users within an easy interface that simplifies the complexities of yield farming.

Yield aggregation is a new area in DeFi with TVL 3x'ing this year to $6.1B including players

+ @iearnfinance
+ @VesperFi
+ @BadgerDAO
+ @harvest_finance

@yaxis_project

Competition is fierce, but @yaxis_project has plans to take yield farming to the next level starting with their "Era 1" which includes

+ Strategy vaults (multi-strategy “Metavaults”)
+ Governance token, $YAXIS
+ Liquidity pools to allow for token purchases.

yAxis offers users 2-click access to its v2 MetaVault, where users deposit stablecoins such as $DAI, $USDC, $USDT – in exchange for $3CRV tokens, with are then deposited in return for a MetaVault Token (MVLT).

$MVLT tokens can be staked to earn $YAXIS rewards.

Read 5 tweets

Messari

@MessariCrypto

25 May

@rally_io

Issuing and managing social tokens is complex. Platforms have emerged to handle the issuance process, distribution, and transactions including
+ @rally_io
+ @tryrollhq
+ @fyoozapp
+ @ourZORA

Since social tokens are still relatively new, the language and definitions are not entirely agreed upon. However, social tokens are generally divided into a few categories:

+ Personal Tokens
+ Community Tokens
+ Social Platform Tokens

@whale_community

Some social tokens have already amassed significant valuations.

Several personal tokens possess circulating market caps of several million dollars.

+ @whale_community
+ @rally_io
+ MORK

Read 5 tweets

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