Reviving DeFi: Innovations and Impacts

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ -----

GO BANKLESS WITH THESE SPONSOR TOOLS: 

⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTO https://bankless.cc/ledger-20

🚀ARGENT - GET THE MOST SIMPLE AND SECURE DEFI WALLET https://bankless.cc/argent

💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

----- ROLLUP: 3rd Week of November! (MARKET) What’s the Market saying? 

• BTC Price
• • BTC on Ethereum - 151,925 BTC on Ethereum, up ~1,500 BTC
  • Bitcoin as a system as reached ATH value (link)
  • BTC unique addresses spiking upwards (link)
  • 9 BTC metrics that are at ATHs (link)
• ETH Price
• • Almost 60k ETH in the deposit contract (link)
  • TVL in DeFi
  • Ethereum active addresses continually marching to ATHs (link)
  • ETH 1 cycle behind BTC (link)
  • ETH always does well in December, 5 out of 5 times (image)
  • Same BTC, ETH price as December 2017 (tweet)
• DPI Price -  $81 to $104
• 1 Billion DAI (DAI Stats)
• Grayscale $10.8B AUM (tweet)

(RELEASES) What got released?

• RocketPool Medalla Beta testnet concludes
• • Moving onto a new testnet that tests a RocketPool network with integrated tokenomics 
• Aave V2 on the Kovan testnet (link)
• YFI + BAL as collateral in Maker (tweet)
• YAM releases Umbrella product (link)
• Etherisc + Chainlink offers crop insurance on Kenyans (link)

(NEWS) What’s in the news?

• Rich man invests in Bitcoin (link)
• Coinbase crashing (link)
• Paypal gets to 85% of Binance US volume in first month (link)
• Netherlands exchanges must ask their customers to prove ownership their own their withdrawal addresses (tweet)
• Binance Blocking U.S. customers, giving them 90 days to withdraw assets (link)
• Binance suing two journalists in anti-defamation suit (link)
• Jay Clayton stepping down as SEC Chairman (link)
• Masie Williams tweets about Bitcoin (link)
• • Pay attention to signals like this, 
  • • Dec 2017, Lady Gaga had Cryptocurrency painted fingernails
    • That was the top

(TAKES) What’s on your mind?

 

• David

 

• Bitcoiner’s got triggered really fast about the Call to Action Bankless put out on wednesday
• • Tweet, Tweet
  • It’s because Bitcoin progress primarily occurs in the social layer, not the technological layer. They could look at Ethereum technological progress at scoff at it, because while Ethereum was building, they were marketing
  • Now Ethereum is pretty close to being done with building, and people like me and Ryan are now rallying the troops to saw “hey, lets market the fuck out of this thing. 
  • Big threat. 

 

• Ryan

• What’s the best way to get exposure to DeFi? (link)

 

• Is ETH staking gonna make it? 
• • 105k ETH in the deposit contract
  • • Over 20%

------

Don't stop at the video!

Subscribe to the Bankless newsletter program http://bankless.substack.com/

Visit the official Bankless website for resources http://banklesshq.com/

Follow Bankless on Twitter https://twitter.com/BanklessHQ

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

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 we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.