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30 Jun, 8 tweets, 4 min read
(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…
(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.
(4/8) The Proof of Work track is also where you'll get your lightning demos of some of the most promising up-and-coming protocols and projects.
(5/8) Proof of Stake track - You're a crypto aficionado? Dive deeper into the challenging issues in crypto here. Think on-chain analytics, incentivizing open source work, and of course, scaling! We've got @abbey_titcomb w/ @radicle and @keighstone w/ @BalancerLabs to name a few.
(6/8) Testnet - An interactive demo area featuring 20 emerging applications where attendees play and experiment with technologies that are integral to the crypto ecosystem. This will be a really fun place to be!
(7/8) Plus, one floor will be lined with whiteboards to host open source sessions that are curated by YOU, the attendees, and guided by crypto thought leaders. If you need engagement and collaboration during your summit experience, this is your spot!
(8/8) Secure your passes today for #Mainnet2021 today and join 150+ speakers and 2000+ attendees experience the excitement of the crypto ecosystem this year and beyond.

Get passes now! mainnet.events/?utm_source=me…

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More from @MessariCrypto

Messari Profile picture
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 The various ways that latent governance tokens can be activa
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 value may follow capital to a greater degree in c
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 Profile picture
28 Jun
Until 2020, Bitcoin could not be used in most DeFi protocols due to its lack of interoperability.

However, there are now many protocols available that allow users to borrow, lend, provide liquidity, and more using bitcoin.

Ex:

+ $WBTC
+ $renBTC
+ $tBTC
+ $BTCB
+ $xBTC
+ $sBTC Growth of Bitcoin TVL in DeFi
CeFi companies allow users to deposit bitcoin as borrowing collateral or as a savings vehicle.

Most new users prefer CeFi as opposed to DeFi, however many are switching over to protocols like @compoundfinance, @AaveAave, and @Uniswap.

More have emerged as this trend continues⬇️
.@WrappedBTC is a centralized wrapping solution that allows users to use their Bitcoin on @ethereum.

It's the most used interoperability solution to date controlling ~78% of the market with circulating supply of about 189,000 $WBTC.

However, WBTC is only one option for users.
Read 5 tweets
Messari Profile picture
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.
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 Profile picture
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 Profile picture
26 May
@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 Image
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. Image
Read 5 tweets
Messari Profile picture
25 May
Issuing and managing social tokens is complex. Platforms have emerged to handle the issuance process, distribution, and transactions including
+ @rally_io
+ @tryrollhq
+ @fyoozapp
+ @ourZORA Image
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 Image
Some social tokens have already amassed significant valuations.

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

+ @whale_community
+ @rally_io
+ MORK Image
Read 5 tweets

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