Weekly Crypto Newsletter 5.30.21 ⚡️

Enjoy industry highlights for the week.

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CeFi and DeFi has provided ample opportunity for us crypto holders to get a yield on our assets. It’s also attracted yield starved investors from legacy finance. We now have companies who are hedging against inflation by depositing a portion of their balance sheets into DeFi protocols. Back in early 2020 I recognized the potential of DeFi and started heavily allocating. I also viewed yield farming as an innovation that’s here to stay. For the first time projects and platforms didn’t need VC to accelerate growth. The could instead use tokens which essentially represent equity. This allowed them to bootstrap liquidity, increase economic activity, entice desired user behavior, acquire users, and much more. This is just the beginning. Over the next few years I expect more capital to flow into DeFi protocols as it naturally seeks out yield. This will help deepen the overall liquidity and allow for more financial innovation.

However, undoubtedly there’s risk involved and for this reason I like to spread my assets across a few DeFi protocols. The same applies to CeFi platforms. In the interest of diversifying risk my buddy decided to move some of his funds from Blockfi over to Ledn. They’re are currently offering 6.1% APY on BTC and 12.5% on USDC. I’ll cover the nuances in an upcoming video, but here’s a video I published months ago.

Notable Tweets

Lina Seiche @LinaSeiche

Nobody is born a HODLer

Ledn @hodlwithLedn

“With this new injection of capital, we will expand on our success in North and South America and grow our global footprint, prioritizing growth markets." - @adamreeds, Ledn Co-Founder & CEO

ow.lyCrypto Lending Firm Ledn Raises $30M From Alan Howard, Coinbase and More - CoinDeskCryptocurrency lending platform Ledn has raised US$30 million in funding from investors including hedge fund billionaire Alan Howard.

Zack Guzman @zGuz

My full interview with @THORChain and @CBarraford has been posted. As an aside, $RUNE is also getting added to our Yahoo Finance ™️ crypto tracker finance.yahoo.com/video/thorchai…

Vtech @Vtechp

@zGuz @thorswap @THORChain @YahooFinance @CBarraford Is there a recording I can watch somewhere? Thanks in advance!

Bloqport @Bloqport

Billionaire investor Carl Icahn says he wants to get involved in crypto in a "relatively big way"

CoinDesk @CoinDesk

BREAKING: @PayPal plans to allow customers to withdraw cryptocurrency to third-party wallets for the first time since it began offering buy and sell options last year, an executive said at #Consensus2021. (Developing story, refresh browser for updates)

coindesk.comPayPal Will Let Customers Withdraw Crypto, Exec Says - CoinDesk“We want them to be able to take the crypto they acquired with us ... to the destination of their choice,” Jose Fernandez da Ponte said at Consensus 2021.

0MOLLY WINTERMUT3 @0mllwntrmt3

$400,000,000+

Hegic 🌖 @HegicOptions

🔥🔥🔥 HEGICIANS, THE TOTAL CUMULATIVE OPTIONS TRADING VOLUME ON @HegicOptions IS $400,000,000+ 🔥🔥🔥 The market is in a deep correction. We know it's good for clearing markets of useless meme/dogs/scam coins. Keep calm, stake $HEGIC and earn $WBTC & $ETH with 24/7 cash flows! https://t.co/WXE6bDMcHX

Bloomberg TV @BloombergTV

Defi will massively transform the crypto industry, or will it? @emilychangtv and @TheStalwart ask Blockchain Capital's Spencer Bogart trib.al/BKR5VIS

The Larry @_0x_larry

The site is almost ready; here's a quick peak of data. If you invested 365 days ago, among the 54 coins (hand picked by me arbitrarily): - only 11 outperformed $ETH by at least 50% - more than half *underperformed* $ETH by more than 50%.

The Larry @_0x_larry

I plan to revive this site. Suggestion on the domain name? (I don't like the current) https://t.co/2LJm6Re23P