You can think of cryptodollars as a new tier in the money hierarchy — they represent dollars in a digital and decentralized form.

@SebVentures, founding chef of @SteakhouseFi, shared insights on the "Cryptodollars and the Hierarchy of Money."

Notes on key insights and implications 👇 Stablecoins are on-chain assets promising to keep value stable relative to a reference asset, often the dollar.

But cryptodollars?

They take it up a notch.

They’re redeemable for higher-level money, like bank deposits, making them the MVPs of stablecoins.

Cryptodollars are a subset of stablecoins.

Millions are talking about building in web3 🚀

It can be easy to get lost in the rabbithole.

I've curated a list of 15 of my favorite blogs and newsletters to help you navigate and learn Crypto, NFTs and DeFi. (Part -1)

Take it away for free 👇

🧵 Li Jin (@ljin18)

Building - @VariantFund @AtelierVentures
@sidehustlestack @meansofcreation

Newsletter - li.substack.com

What you'll learn:
- The creator economy
- The ownership & platform economy
- Macro narratives around web3

1/ Another day, Another monumental DeFi hack in crypto!!!

Yesterday, a hacker stole a whopping $20M governance tokens allotted for loans by @optimismPBC

What exactly happened? Let’s try to understand

🧵 2/ The loan was initially deployed on Wintermute’s wallets on Optimism through an engagement by the optimism foundation for liquidity on the launch of $OP tokens.

Which is why $20M $OP tokens were allotted to Wintermute from the foundation’s fund

Well so good so far!

1/ Yesterday's thread was all about getting started with #DAO. Down the rabbit hole, some of these tools are the defacto standard for most DAOs!

I've curated a list of 14 tools of the trade to get you a head-start on your DAO journey 💝

🧵 2/ Gnosis Safe (@gnosisSafe) - A smart contract based multi-signature #wallet used to manage community treasury.

⏩In simple words - It requires a minimum number of people to approve a transaction before it can occur

gnosis-safe.io