Weekly Crypto Newsletter 09.07.20 ⚡️
Enjoy industry highlights for the week.
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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 2 FREE Copies A Month
MantraDao: Token Ticker OM
Early 2020 a few venture capital (VC) firms began exploring the DeFi landscape. The investment activity didn’t comes close to what we observed during the peak of 2018. However, the key difference this year is that they’re actually buying tokens. In the previous cycle, most were focused on buying equities with little or no interest in utility tokens. The recent mania has put on DeFi on the map and many VC firms are looking to gain exposure.
Mantra saw immense interest early on from both retail and VC investors. Their initial offering was oversubscribed by over 4x. After their token hit the market, retail was quick to buy in. This compelled many large exchanges to immediately list the token. MantraDao itself is an app being build on the Rio Chain. The Rio Chain was built using Polkadot’s substrate framework. This means in due time, Rio Chain will be a Polkadot parachain.
The platform offers three core services.
The token will play a key role in the ecosystem. Much like other DeFi tokens it will confer governance rights to holders and give them added platform benefits. Most of these benefits are outlined in the image below.
Also, a Chinese investment firm is working closely with the team to expand DeFi services in China. There’s a chance the MantraDao team would be given robust incentives and subsidies for working closely with the Chinese government. I’m in the process of editing my video, so stay tuned for the release!
Content Summary
Tokenized real estate is coming to DeFi with Aave. Users will be able to tokenize their house and use it as collateral to take out a loan. Also, I’ll teach you guys how to earn up to 100% APY on your ETH.
ETHEREUM VOLUME HITS 25 BIL [1:25]
AAVE: TOKENIZED REAL ESTATE [4:47]
100% APY ON ETH [7:11]
DEFI TOKEN OF THE WEEK [8:55]
Thorchain is my favorite liquidity protocol. It’s chain agnostic and the preliminary results indicate the yields are likely to be 40% plus for supported assets. The plan is to start with the Binance chain and eventually added support for other assets. It’s an open source protocol that can be added to any exchange, wallet, or DAPP. Interoperability is a big obstacle for DeFi and many smart teams are working to bring the solution. I believe Thorchain will play a big role in bringing interoperability to DeFi.
Introduction [1:28]
Tokenomics [6:45]
Road Map [12:20]
Short Comings [13:55]
My Thoughts [16:09]
Melon is an on-chain asset management protocol. You can basically start your own hedge fund for a fraction of the cost and time. The biggest limitation is the gas fees. However, despite the bottle neck they’ve been growing AUM month over month.
Melon Introduction [1:42]
Tokenomics [3:56]
My Thoughts [5:14]
Notable Tweets
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