Weekly Crypto Newsletter 07.19.20 ⚡️
Enjoy industry highlights for the week (FREE Content).
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Weekly Schedule
Here’s what you can expect on a weekly basis. This schedule is tentative, thus it’s subject to change in the future.
Monday: Hodler’s Den Lending Platform Update (PAID)
Tuesday: Hodler’s Den Lending Platform Update (FREE)
Wed-Friday: Exclusive Paid Content (Occasionally free content)
Saturday: Lending Rates Updates
Sunday: Weekly Newsletter
Get ready for more DeFi related material and tips. I’m working out the details and potentially hiring more writers. No need to pay for expensive courses you’ll get most the knowledge you need for FREE by being a subscriber. For those looking for a deeper dive or exclusive content you can always sign up for the paid edition. Until 7/26/20 you can get a 20% discount on an annual or monthly subscription. This offer can only be accessed by clicking the link below and is intended for existing subscribers only. Thanks for being early supports!
Content Summary
Coinbase is selling analytics software to regulatory agencies like the IRS. Eventually someone was going to monetize the data but I wish it wasn’t Coinbase. They claim they haven’t shared any of their user data, but I remain suspicious. Grayscale reported massive inflows into their crypto funds in Q2. This is a healthy sign for digital asset market. LEND token has been on a massive run fueled by VC interest. Learn what the intrigue is all about by watching the video below.
Coinbase Analytics [1:54]
Grayscale [5:20]
Aave [8:02]
Coin of the Week [13:03]
Here’s a really easy for users to stake their KNC tokens. No need to buy an expensive hardware wallet and the process takes minutes.
Stake KNC [00:29]
Potential Return [3:50]
Delegating Voting Rights [5:29]
Over 58 million KNC has been staked on Kyberdao. However, due to transaction fees and low yields many users stand to lose money. CeFi platforms have come to the rescue. Crypto.com has already announced a yiled of 6% on KNC and Celsius will be unveiling their rate on Monday.
Staking KNC Rewards [3:00]
Celsius Network [7:47]
Crypto.com [9:50]
My Thoughts [11:31]
I cover Andrew Kang’s “liquidity black hole” theory in detail. Also, I’ll show you guys a really easy to stake your RUNE tokens. They’re giving 1 million RUNE tokens per week to stakers until main net launches. The yield has been high as 1% per week !
Thorchain Commentary [2:44]
Buying & Staking Rune [9:26]
Celsius Network: $20 Promo
Enter the promo code “SUMMER” on your profile page to redeem the bonus. After entering your code deposit at least $200 worth of assets and hold for that balance for 30 days. Your $20 in BTC will be unlocked and credited to your account after the 30 days has elapsed. Great timing, I can now get an extra $20 for the KNC I deposit into my Celsius Network account.
Notable Tweets
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