The Messari AMA is live on Crowdcast!

ow.ly/l34450FSC9i

Tune in now, or if you can't we'll be live-tweeting the highlights below 👇
"In DeFi, many assets are equity-like ... so you can look at almost any metrics you look at for a business - revenues, margins, etc. but you also you have to look at crypto native things, like community." - @RyanWatkins_

crowdcast.io/e/messari-ama
“When you look at the dominance of ETH, it decreased from 90% to 75%. What’s interesting here is other chains are continuously being developed … so I think in the long run we might see side chains that take away from ETH’s dominance” - @RobertoTalamas

crowdcast.io/e/messari-ama
“It’s important to note how much of TVL is incentivized, because if people are putting their money in purely for the reward, that doesn’t reflect the value of the protocol itself” - @masonnystrom

crowdcast.io/e/messari-ama
“Art belongs in an investor’s portfolio and NFTs definitely belongs in an investor's portfolio too. But I would caution against putting money into just any NFT, because not everything holds the same value.” - @masonnystrom

crowdcast.io/e/messari-ama
“Despite all its flaws, people are really entrusting their wealth to smart contracts and that’s a big part of it. People are storing $150B in code, which should not be ignored.” - @RyanWatkins_

crowdcast.io/e/messari-ama
“I am pretty excited for the sports applications of crypto, because that’s something that has a lot of 'unrelenting fans' who will do anything to speculate on their passions. When you develop games on those applications, that can be incredibly powerful” - @masonnystrom
“For me, it’s more likely that the US will embrace projects like USDC because it proliferates the dollar around the world. It’s easily surveilled and it’s easily controlled” - @RyanWatkins_

crowdcast.io/e/messari-ama
“In terms of politics, it’s about how it’s positioned among politicians. The biggest risks in $BTC are sthe environmental aspects and potentially Bitcoin being politicized as a product of a certain ideology. People will be antagonistic toward it for that reason.” - @RyanWatkins_
That's all for today, folks! You can view the full recording of the livestream at the link, but thank you to all who took the time to tune in today!

Our next Crowdcast event will focus on scaling and will take place on August 31st at 12PM EST!👇
crowdcast.io/e/crypto-scales

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More from @MessariCrypto

31 Aug
We're going live in 8 minutes!

Come check out @WilsonWithiam's discussion on scalability and more featuring @sgoldfed, @gluk64, and @MihailoBjelic!

And for those who can't make it, we'll be live-tweeting highlights below 👇

Snag your seat now: crowdcast.io/e/so-many-side…
@WilsonWithiam @sgoldfed @gluk64 @MihailoBjelic .@gluk64 on ZK/Optimistic rollups:

"I think it’s more important what it means in practice. There are 3 main things: transaction cost, usability of withdrawals, and differences in security - in the long term you want the highest security."
@WilsonWithiam @sgoldfed @gluk64 @MihailoBjelic .@MihailoBjelic on scaling #Ethereum:

"Scaling Ethereum while preserving decentralization and high security is really challenging, so we understood that we needed solutions today and that’s why we went with the Commit Chain."

crowdcast.io/e/so-many-side…
Read 9 tweets
31 Aug
1/ @MetisDAO seeks to offer the standard benefits of optimistic rollups:

+ low fees (<$1)
+ speed (<1s)
+ ETH-level economic security

It plans to stand out by providing native data storage, faster withdrawals to the ETH L1 main chain, and improved usability for DApp providers. Ethereum Scaling: Rollups
2/ There are 2 forms of rollups: ZK & optimistic rollups.

@MetisDAO uses the latter.

Optimistic rollups assume “optimistically” that all transactions are valid.

But transaction confirmations on the main chain are subject to a challenge period as a fraud prevention mechanism.
3/ @MetisDAO will be one of the family of EVM-compatible optimistic rollups to launch within the coming months.

It uses a fork of Optimism’s Optimism Virtual Machine (OVM) that it calls the Metis Virtual Machine (MVM).

The MVM mirrors the OVM in function and code execution.
Read 5 tweets
30 Aug
1/ While DeFi options volumes remain small, there is one options protocol that has seen significant growth over the last 4 months - @opyn_.

To start the year, Opyn was doing <25% of on-chain options volume, however it now accounts for >94% of a much larger options volume share. On-Chain Option Notional Vo...
2/ @opyn_ V2 is a protocol for creating tokenized options products.

Each separate option is minted as an ERC20 and can be traded on any DEX.

Anyone can mint options products with desired parameters such as expiry and strike as long as the underlying product is whitelisted.
3/ @opyn_ is a great integration partner for protocols wishing to leverage options.

Ex: @ribbonfinance vaults utilize yield-generating strategies in which options are sold weekly against the collateral and the premium collected is used to provide additional yields to depositors. Comparing Opyn Notional Vol...
Read 4 tweets
19 Aug
1/ Blockchains like @ethereum can replicate a small amount of data on computers across the world, however their on-chain storage capacity is often limited.

Because not all parts of an NFT can be stored, NFTs often leverage other immutable storage solutions for their metadata. NFT Stack
2/ @Arweave, @Filecoin, & @Sia__Foundation are a few solutions that use their own blockchains as the foundational layer for their decentralized data and app storage solutions.

These networks differ in how the operate, as well as their focus (on-demand vs long-term file storage). Storage layer
3/ As the future adoption of decentralized storage solutions continues, one key facilitator of growth may be CeDeStor firms – Web2.5 companies that make using Web3 tech easier, whether by providing clean interfaces, additional services, or bundling the various services into one.
Read 4 tweets
17 Aug
1/ @AcalaNetwork seeks to be the "Defi Hub of Polkadot” providing a cross-chain, open finance infrastructure.

It's a L1 blockchain customized to support financial use-cases.

It will launch w/ a suite of built-in apps to bootstrap the network and incentivize devs/users to join. Acala outline diagram
2/ @AcalaNetwork is launching a community-governed, on-chain treasury to support the ongoing development and adoption of the network.

The Treasury can hold native assets ($ACA) and external assets like ($DOT) that ACA holders can use to fund operational and economic initiatives.
3/ $ACA will be fully minted upon genesis with a fixed supply of 1B.

The token will serve 2 primary usages:

+ Governance: voting rights for proposals
+ Utility: staking, compensating parachain crowdloan participants, incentivizing node operators, and paying network fees $ACA distribution breakdown
Read 4 tweets
16 Aug
1/ @AaveAave continues to be one of the most utilized lending protocols in DeFi.

Recently, their focus has shifted to creating a platform that can serve as a bridge between institutions and DeFi.

Aave Arc, formerly known as Aave Pro, is set to launch “within weeks.”
2/ @AaveAave Arc will provide private liquidity pools to investors, enabling direct access to decentralized markets.

These will be separate from existing pools and require extensive KYC (know-your-customer) due to regulations that apply when offering products to institutions.
3/ @AaveAave Arc is also able to mitigate risk for users by conservatively restricting the initial assets offered.

Although stablecoins are the most utilized assets on Aave V2, USDC will be the only stablecoin offered on Aave Arc due to its heavy regulation and strong backing.
Read 4 tweets

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