We currently live in a digital economy dominated by online services yet we are still tied to recurring monthly transactions.
Payments should be liquid, and Superfluid makes that possible by allowing users (& protocols) to program value flow with specific conditions per stream.
“When you do micropayments over milliseconds the term cash flow takes on a whole different meaning. imagine doing accounting in business in real-time based on flows of money coming in and out. we have not even scratched the surface”
— @aantonop
A few potential use cases include:
- DAO treasury payroll/vesting
- Social token cash flow
- Automated DeFi strategies
Check out their vibrant development community which had over 40 projects from #HackMoney2021 building on top of Superfluid
🔹 $BTC and $ETH are heading back into the range low as sellers chose violence in every session today.
🔹Crypto sweethearts $AXS and $SAND had another monster day, but have retraced a decent chunk of their moves since.
2/ AXS has been the star of the crypto market and pushed the entire category of NFT gaming tokens forward. $FLOW, $SAND, $CHZ, and $ENJ, all gaming tokens, are up double digits this week.
Despite the hype, shorts have been piling up on SAND and AXS perps across exchanges.
🔹Crypto assets did not take well to yesterday’s inflation data.
🔹After a trip towards the range low, $BTC and $ETH are finally finding a semblance of strength.
🔹Other crypto assets have continued to take a beating into today’s session.
2/ Bitcoin is often touted as an uncorrelated asset relative to conventional asset classes like equities, bonds, etc. Over the long-term, this holds true, but in the short-to-medium term, correlations tend to fluctuate depending on market conditions and general risk appetite.
🔹We’re starting to see an interesting pattern: prices increase during the Asia session,lower during the London session, and New York wakes up to buy the dip.
🔹Altcoins have had a pretty rough day so far, with the exception of $AXS which just keeps moving.
2/ The amount of $BTC with short-term holders is in decline while the picture of longer-term holders is the opposite.
Since the start of the year, the number of BTC held by long-term holders is up by 5.3% while the number of BTC with shorter-term investors has reduced by 9.1%.
🔹 $BTC opened fairly strong but quickly wiped out those gains, and the weekend’s, in a few hours.
🔹Crypto assets like $SNX, $AXS, and $LUNA enjoyed a strong weekend. It looks like capital flows into crypto are beginning to pick up again.
2/ Annualized basis on @DeribitExchange’s one month BTC futures turned negative last week, but they quickly shot back up over 7%.
The further away a contract is from expiry, the more expensive it’s likely to be. That’s why the 1 month flippening the 3 month is a notable situation