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Aug 26 6 tweets 4 min read
1/ “Crypto Moves Pretty Fast. If You Don't Stop And Look Around Once In A While, You Could Miss It.”

Luckily we have you covered! What recent trends shaped the past couple of weeks? 🧵 Image
2/ Is there any hope for the decoupling thesis?

Following the @terra_money collapse and #3AC liquidation, the crypto market has remained closely correlated to equities. Image
3/ On the optimistic rollup front, @optimismFND and @arbitrum have been nearly equal both in daily transactions and TVL. Image
4/ With eyes on The Merge, @coinbase has entered the chat as the largest centralized staking provider, offering its own staked $ETH derivative, $cbETH. Image
5/ Does @opensea finally have some competition?

@sudoswap's SudoAMM has started to cut into OpenSea's stranglehold on the NFT space. Image
6/ Stay up to date with context on the events and trends that shaped the recent weeks in crypto.

Explore the full Bi-Weekly Recap: August 12 - August 25
from @chasedevens.

messari.io/article/bi-wee…

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More from @MessariCrypto

Aug 26
1/ Despite being one of the first derivatives options in the crypto space, @synthetix_io has been surpassed by many other DeFi projects.

With Synthetix undergoing several key upgrades, amounting to a ~700% increase in daily revenue, it's time to reevaluate. 🧵 Image
2/ How does @synthetix_io work?

Synthetix allows users to deposit $SNX in order to receive their desired synthetic asset.

In exchange for this stake, users also receive trading fees and staking rewards. Image
3/ The first value proposition for traders using @synthetix_io is zero slippage.

This is achieved by allowing users to trade against the debt pool (secured by $SNX stakers) with prices sourced from a combination of price oracles. Image
Read 7 tweets
Aug 25
1/ The next major bull market will be driven by technology and trends currently being built out.

However, not all technology or trends are equally valuable.

Let's explore the crypto trends that could inspire the next bull run. 🧵 Image
2/ Crypto trends can be evaluated in a framework that considers:

+Novelty
+10x Value
+Total Addressable Market (TAM)
+Value Capture
+Competition

With that framework in mind, each of the following trends can be assessed for its ability to catalyze a true bull market.
3/ Application protocols have played second fiddle to network protocols.

However, the competitive dynamics have subtly shifted.

New ecosystems are going to great engineering lengths to enable EVM compatibility just to allow application protocols to deploy with low effort. Image
Read 6 tweets
Aug 24
1/ Following an $80MM exploit of the @RariCapital Fuse Pools, that ended in a failed vote to reimburse victims, @feiprotocol is now on the doorstep of a precedent-setting unwinding of @tribedaoxyz.

Let's explore the options and trade-offs at play.🧵 Image
2/ The DAO’s first step is to vote on the recently proposed TIP 121A, which will signal the method for consolidating $220MM worth of @feiprotocol PCV.

While the valuation appears relatively straightforward, complications around the consolidation of assets remain to be solved. Image
3/ After the Final Consolidation, the DAO will vote on what and how to distribute the remaining underlying assets.

@RariCapital Fuse hack victim reimbursement is a major point of emphasis with Fei Labs suggesting that @tribedaoxyz use 57MM $TRIBE to reimburse victims. Image
Read 6 tweets
Aug 23
1/ Millenials and Gen Z-ers are quitting their full-time jobs for gig roles.

As the emphasis on work-life balance continues to adapt, talent marketplaces must adapt as well.

How are talent marketplaces like @usebraintrust evolving to fit the needs of the modern workforce?🧵
2/ @usebraintrust is the first marketplace to connect companies and workers while elements of a Web3 marketplace.

In contrast to traditional competitors, it leverages its native token $BTRST to bootstrap employer and talent engagement.
3/ $BTRST has a number of use cases:

+Connectors earn $BTRST through onboarding
+Employers use $BTRST to post jobs
+Talents use $BTRST to signal job availability or to access token-gated benefits.

Stakeholders can also earn, stake, or participate in governance.
Read 5 tweets
Aug 22
1/ @LidoFinance represents the largest liquid staking derivative (LSD) provider of any protocol on @ethereum, with over 4.1MM staked $ETH.

But Lido isn't stopping there...

Let’s explore how Lido aims to expand dominance by expanding to @optimismFND and @arbitrum. 🧵
2/ @kadmil_eth, Core Contributor at @LidoFinance DAO, officially proposed expanding Lido DAO’s staked $ETH (stETH) footprint across the @Ethereum ecosystem.

To date, the bridging of $stETH beyond Ethereum mainnet has been primitive at best.
3/ Due to the complexity of the $stETH token contract, @LidoFinance also introduced $wstETH, a wrapped version of $stETH.

$wstETH is specifically designed for smart contract integrations.
Read 5 tweets
Aug 21
1/ The issue for DAOs isn’t securing funds, but rather finding the right framework for managing their treasuries.

What are DAOs doing to keep their treasuries healthy during market downturns? 🧵
2/ At the end of April, @BitDAO_Official commanded the largest treasury.

Since then, it has seen a 36% decrease in value while @Uniswap's treasury, which was in second place, increased by 59%.

This increase is likely due to the vesting schedule imposed on the $UNI token.
3/ In contrast to @Uniswap, @BitDAO has accumulated capital through a single investor, @Bybit_Official.

The treasury value could be toppled if Bybit, as the centralized authority, chose to dump tokens as it sits on the majority of vested tokens.
Read 5 tweets

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