Here’s an infographic that shows the estimated size of various asset classes.
Crypto is only $2.5T
All these assets combined are > $500T.
Most of these assets will get tokenized over the next decade or two, and the protocols that tokenize them will capture a lot of that value.
1/ Why would we want to tokenize assets like stocks?
– Globally accessible, tradeable 24/7/365
– Transparency
– Verifiable ownership (unlocks doors like voting / rewards)
– Programmable asset is infinitely more useful (collateral, derivatives, automation, direct transfers, etc)
2/ Why tokenize real-estate?
– Fractionalized investing
– Globally accessible, tradeable 24/7/365
– Diversification through bundling
– Add liquidity to illiquid market
– Reduced friction of transactions
– Plug into smart contracts to collateralize, create derivatives, etc
3/ The general idea is that programmable assets that can plug into smart contracts are infinitely more useful than the legacy versions of these assets.
4/ For example: @mirror_protocol already allows users to trade tokenized synthetic stocks
Unlike regular stocks on an exchange like the #NYSE, tokenized stocks can be:
- Traded globally 24/7/365 by anyone
- Farmed for yield (20-30%+ currently)
- Used in smart contracts
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5/ Read our much more detailed thread about @mirror_protocol, including:
⁍Redacted Cartel has plans to revamp their tokenomics and is focusing on long term revenue generation strategies.
2/2 ⁍Emission decreases, better long-term staking options, and strategic seed investments in some new revenue generating projects are just some of the coming improvements that could save the day for BTRFLY holders.
💊M6 Daily Bullets💊
📅Monday - January 24th📅
FOMC meeting will offer some clarity. reuters.com/business/finan…
⁍The Fed’s easy monetary policies over the last 2 years have created an environment conducive to high-risk investment strategies.
2/2 ⁍As officials discuss the next 2 days, investors and business owners will be watching to determine the best action moving forward. If Int. rates go up: markets continue to get rekt and biz's struggle. If Int. rates stay low: The price of everything goes up. Pick your poison.
Institutions giveth, Institutions taketh away cnbc.com/video/2022/01/…
⁍Mike Bucella pointed out on CNBC that not much has changed in crypto as far as innovation and adoption. What we’re seeing now is a ‘Macro move’ due to a “market digestion of interest rate policy"
⁍MakerDAO is currently entertaining a proposal to replace MKR with gbMKR for gov. voting. tokens will be lockable in a Voting Escrow, similar to Curve, but more focused on long term gov. participants.
2/2 ⁍gbMKR would be non-transferable, but could be bypassed with wrapped derivatives like Yearn’s yveCRV vault or Convex’s cvxCRV product. This would give gbMKR holders a gov. boost but no additional economic incentives. They can be added later.
⁍21 proposals have been approved supporting several new products on Harmony. The 1st Algo stablecoin, a new smart contract analytics platform, an NFT marketplace, new P2E games, a perp protocol, decentralized AI, and others.
FairSide Network makes crypto Insurance work twitter.com/fairsidenetwor…
⁍FairSide sets the standard for crypto insurance by offering some key differences, like cover on different chains and one membership covering all of your assets
2/2 ⁍They’ve also give careful consideration to Incentivising users with “tribute fees” and governance rewards based on your conviction score, as well as skipping the lock-up period for stakeholders. IBO coming soon.
Betswap.GG launches on Sushi medium.com/@Betswapgg/bet…
⁍Betswap is a sports betting exchange that recently received a large investment from Wonderland Finance and others to bring on-chain sports betting to Sushiswap and will be live on ETH, FTM, and AVAX (to start).