Bankless

Every week(ish), David and Anthony do a Friday Weekly Livestream to chat about the week in Ethereum, the markets, and whats coming in the short term future. 

Enjoy this unscripted conversation!

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  ------ BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Every week(ish), David and Anthony do a Friday Weekly Livestream to chat about the week in Ethereum, the markets, and whats coming in the short term future. 

Enjoy this unscripted conversation!

------

Download the crypto meta to your brain in this weekly show.

3rd Week of May, 2021

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  ------ BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap 

------ Topics Covered:

0:00 Intro

0:45 MARKETS 1:20 BTC Price 2:13 ETH Price 7:13 ETH/BTC 8:38 ETH Volumes Big https://twitter.com/RyanWatkins_/status/1397385373580398594?s=20  10:18 DeFi Action https://defipulse.com/  https://messari.io/asset/defipulse-index  https://www.tradingview.com/symbols/DPIWETH/?exchange=UNISWAP  12:39 The System Didn’t Break https://twitter.com/raoulgmi/status/1397172575810228225?s=21  16:15 Big Week for DeFi https://twitter.com/jack_clancy93/status/1395399566644682757?s=20  17:18 Tornado Flippen Zcash? https://twitter.com/ameensol/status/1395534483202269187?s=19  21:52 YFI Price Earnings https://twitter.com/bantg/status/1396457032996245505?s=20  24:05 Stablecoin Settlements Big https://twitter.com/dmihal/status/1397124171050668033?s=20 

26:00 RELEASES 28:00 Arbitrum Launching https://www.coindesk.com/ethereum-scaler-arbitrum-is-launching-friday-with-developer-support-from-alchemy  31:10 Uniswap on Arbitrum https://twitter.com/haydenzadams/status/1397675094001045508?s=21  32:42 Optimistic Etherscan https://optimismpbc.medium.com/integrating-etherscan-24a3811a765c  34:45 ETH’s Value on L2 https://twitter.com/hiljis/status/1397697744370900994?s=21  42:15 Polygon SDK https://twitter.com/0xPolygon/status/1397558139256377345  44:38 Gitcoin DAO https://shows.banklesshq.com/p/-sotn-47-gitcoin-dao-and-gtc-token  46:11 Coinbase Institutional https://blog.coinbase.com/coinbase-institutional-is-proud-to-announce-the-unveiling-of-our-new-prime-offering-9790e068f0a9 

47:20 NEWS 47:30 Carl Icahn: ETH is Money https://www.zerohedge.com/crypto/crypto-here-stay-carl-icahn-may-take-relatively-big-stake-digital-currency-space-prefers-eth  50:44 Ray Dalio Prefers BTC to Bonds https://www.bloomberg.com/news/articles/2021-05-24/bridgewater-s-ray-dalio-says-he-prefers-bitcoin-to-bonds  53:19 “China Bans Bitcoin” https://www.cnbc.com/2021/05/26/major-china-bitcoin-mining-hub-lays-out-harsher-crackdown-measures.html  57:44 Cuban Tracker: Polygon https://www.coindesk.com/mark-cuban-invests-in-ethereum-layer-2-polygon  59:51 Gamestop NFT https://nft.gamestop.com/  1:02:24 Bitcoin, Michael Taylor, and Elon https://twitter.com/michael_saylor/status/1396915801492439044?s=20  Take:  https://twitter.com/nanexcool/status/1397000162459930624?s=20  1:07:15 Businesses Must Report https://www.coindesk.com/us-treasury-calls-for-businesses-to-report-crypto-transfers-of-10k-to-the-irs  1:10:14 FED Digital Currency https://twitter.com/CNBCnow/status/1395440279004618760?s=20  1:12:08 Coinbase 🤝 Goldman https://www.theblockcrypto.com/linked/105853/coinbase-former-goldman-sachs-faryar-shirzad-chief-policy-officer  1:13:35 Quick Bites  PayPal: https://www.coindesk.com/paypal-will-let-customers-withdraw-crypto-exec-says  Apple? https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post?amp=1&__twitter_impression=true&s=09  1confirmation: https://www.coindesk.com/crypto-vc-1confirmation-raises-125m-for-third-fund  COIN: https://www.cnbc.com/2021/05/24/coinbase-stock-initiation-goldman-sachs.html 

1:16:00 TAKES 1:17:00 Anti-Crypto Bag Bias https://twitter.com/cburniske/status/1395457904027869184?s=21  1:23:25 Volatility is not Unhealthy https://twitter.com/MichaelIppo/status/1395452094556086285?s=20  1:24:00 DeFi Protocols are Michael Saylor https://twitter.com/RyanSAdams/status/1397161855387308032?s=20  1:27:50 Money Game Landscape https://newsletter.banklesshq.com/p/ethereum-the-money-game-landscape  1:29:40 The Cycle https://twitter.com/tbr90/status/1397185395603935232?s=21  1:32:23 Rethink Work https://twitter.com/nateliason/status/1397719837204418561?s=20  1:33:52 There be Monsters https://twitter.com/udiWertheimer/status/1397738091452981248?s=20 

1:35:40 What David’s Excited About

1:38:00 What Ryan’s Excited About

1:41:45 MEME OF THE WEEK https://twitter.com/EthereumMemes/status/1397268903198400517/photo/1 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Download the crypto meta to your brain in this weekly show.

3rd Week of May, 2021

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Liquity is a new governance-minimized stablecoin on Ethereum!

Liquidity offers some competitive advantages over other decentralized stablecoins - Low collateral requirements. Only 110% collateral is required vs MakerDAOs 150% - Governance minimization. Liquity is attempting to be a protocol, not a platform. Thus, it is trying to minimize human discretion! ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  ------ BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap 

-----

Resources:

Liquity https://www.liquity.org/ 

Robert Lauko on Twitter https://twitter.com/robert_lauko?s=20 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Liquity is a new governance-minimized stablecoin on Ethereum!

Liquidity offers some competitive advantages over other decentralized stablecoins
- Low collateral requirements. Only 110% collateral is required vs MakerDAOs 150%
- Governance minimization. Liquity is attempting to be a protocol, not a platform. Thus, it is trying to minimize human discretion!
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Gitcoin is turning itself into Gitcoin DAO, governed by the community and GTC holders!

Come learn all about Gitcoin DAO, GTC distribution, and the responsibilities of the governors!

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  ------ BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap  ------ State of the Nation #47: Gitcoin DAO & $GTC token Guest: Kevin Owocki

In this week's State of the Nation, we bring on Kevin Owocki to discuss the decentralization and DAO-ization of public goods funding platform Gitcoin, and the launch of their $GTC token. Kevin is the former benevolent dictator (CEO) of Gitcoin and a General in the war against Moloch (human coordination failure).

The purpose of Gitcoin is to provide a platform for open-source software developers to acquire funding for their projects. Kevin mentions that open-source creates $500B in economic value yearly. In the crypto space, and on the internet at large, open-source development means that something is free to use, fork, or build on. This accessibility has been a driving force behind web development, and Gitcoin's mission is to create a business model for open-source software developers. Gitcoin has raised around $20M since its initial launch in November 2017.

Gitcoin DAO is seeking to meme itself into the Quadratic Lands, where public goods are well-funded and digital democracy reigns. As Gitcoin has grown, it has come to the point in which a DAO is more well-served for Gitcoin's goals of activism and open-source development. Anti-fragility and distributing points-of-failure are key benefits of transitioning into a DAO. The alignment of incentives between the individual and society is crucial for optimizing capital efficiency and organically generating a better society.

GTC = Grow The Community

------ Resources:

Coordination Failures https://newsletter.banklesshq.com/p/know-thy-enemy-coordination-failures 

Claim GTC https://newsletter.banklesshq.com/p/-alpha-alert-claim-gitcoin-token 

Gitcoin https://gitcoin.co/ 

Quadratic Lands https://gitcoin.co/quadraticlands/ 

Kevin on Twitter https://twitter.com/owocki?s=20 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Gitcoin is turning itself into Gitcoin DAO, governed by the community and GTC holders!

Come learn all about Gitcoin DAO, GTC distribution, and the responsibilities of the governors!

------

Phil Daian is a researcher and software engineer and is leading the charge into mapping MEV with the Flashbots Project. Georgios Konstantopoulos and Charlie Noyes are both partners at Paradigm.

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  🎧 Get this Episode's Debrief: https://shows.banklesshq.com/p/exclusive-debrief-cryptos-existential  ------ BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap 

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Bankless Podcast #66: MEV Panel Guests: Charlie Noyes, Phil Daian, & Georgios Konstantopolous

In this State of the Nation, we bring on big-brain experts behind projects like Paradigm and Flashbots to explain the complex but critical topic of MEV - commonly known as Miner Extractable Value, but as discussed in this episode, Maximum Extractable Value is a more appropriate descriptor. MEV is arguably the single most important unsolved problem in the crypto space.

In the context of incentives and network security, MEV generally refers to the ability of miners & validators to take advantage of their position as securers of the network. Blocks are verified by single entities, and these block producers have tremendous power when they are the ones adding a particular block to the blockchain. We refer to this instance as ‘God-Mode,’ in which a node has the power to assemble & order transactions at will. The threat here is the potential gaps between what is best for the network and what is best for the node.

As an internal and unbounded threat to blockchains, solving the problems that MEV presents is critical to maintaining proper consensus and ensuring decentralization and permissionless access. We take a deep dive into potential solutions, and the impact of EIP-1559 and Proof-of-Stake on MEV. Dive in to learn why despite the challenges ahead, Charlie says:

“In the absence of certainty, I’m willing to take the optimistic perspective.”

------ Resources:

Phil on Twitter https://twitter.com/phildaian?s=20  Georgios on Twitter https://twitter.com/gakonst?s=20  Charlie on Twitter https://twitter.com/_charlienoyes?s=20  Exploring Ethereum’s Dark Forest with Dan Robinson https://youtu.be/MtpRDqrCfbc  Investing in DeFi Paradigms with Charlie Noyes https://youtu.be/dQOhbb5HmLA 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Phil Daian is a researcher and software engineer and is leading the charge into mapping MEV with the Flashbots Project. Georgios Konstantopoulos and Charlie Noyes are both partners at Paradigm.

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