ROLLUP: 3rd Week of October
Bankless
Exploring Ethereum's Layer Two Launches and Scalability
This chapter explores the rise of DeFi projects launching on the xDai side chain as opposed to the Ethereum mainnet. It examines the implications of this shift for scalability and user engagement in the evolving Ethereum ecosystem.
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ROLLUP: 3rd Week of October Welcome to Weekly Rollups, where David and Ryan package up a whole week's worth of news into a bite-sized bit of data, for easy inclusion into your brain!
Weekly Rollups: 5 TOPICS, 5 MINUTES EACH
PRICES AND MARKETS
- BTC - ETH Price - TVL in DeFi - ETH unique address ATH https://twitter.com/santimentfeed/status/1317165165234835456?s=20 - Ethereum to settle $1T in 2020 https://twitter.com/MessariCrypto/status/1318985292347543552
WHAT GOT RELEASED?
- PayPal adopts crypto _____ â ď¸ walled garden! Not yet crypto! https://www.reuters.com/article/paypal-cryptocurrency/update-1-paypal-to-open-up-network-to-cryptocurrencies-idUSL1N2HC0PL
Barn Bridge https://defirate.com/barnbridge-seed-round/ - Separates risk into tranches - Smooths out yields across protocols
Yield Protocol https://medium.com/yield-protocol/yield-protocol-is-live-e6e8ebf2537b - Fixed-rate, fixed-term borrowing and lending, with market-determined interest rates.
CirclesUBI https://decrypt.co/45419/universal-basic-income-app-launches-gives-users-free-crypto
- Decentralized Identity - Regular issuance + airdrop token
MetaMask Swaps https://medium.com/metamask/introducing-metamask-swaps-84318c643785 - Swap assets inside MetaMask - Aggregator of aggregators
WHAT'S IN THE NEWS?
Fincen going after BTC mixing service https://www.theblockcrypto.com/linked/81667/fincen-mixing-service-helix-fine-bitcoin
Central Bank Digital Currencies are getting hype https://twitter.com/RaoulGMI/status/1317836119149580288?s=20 Shielded Zvash Pool hit 600k ZE https://twitter.com/jswihart/status/1317192646062796801?s=20
Coinbase Report on who requests data from Coinbase https://blog.coinbase.com/transparency-at-coinbase-c8edf6dce4d6
Yearn Manifesto https://gov.yearn.finance/t/how-we-think-about-yearn/7137 Watches on the Blockchain! https://www.coindesk.com/breitling-arianee-all-new-watches-ethereum
WHAT'S ON YOUR MIND?
David: The dominoes seems to be falling faster and faster Markets, Charts, news and releases all seem to align/resonate and this is one of those moments Iâve been more bullish BTC than normal, and more publicly bullish BTC than normal (much to Sassals dismay) but that doesnât change the fact that when BTC moons, ETH usually Moons 2x.
Ryan:
Long-term I think Bitcoin is second place on market cap (preparing the way) - Bitcoin: -- 2nd place in transaction fees -- 2nd place in settlement value -- 2nd place in transaction volume - Thereâs not such thing as ALT: if you continue see the crypto world through the lens of "Bitcoin" and the "Alts" you're going to get left behind. It's 2020, not 2015. Today there are: - Crypto capital assets - Crypto commodities - Crypto monies The same asset superclasses as old finance. WHAT ARE YOU EXCITED ABOUT? David: Deposit Contract Hype! 1 ETH value accrual pillar to 2 pillars
Ryan: Projects launching directly on L2 https://twitter.com/RyanSAdams/status/1318299374556975104?s=20 - Honeyswap (on XDAI): https://www.xdaichain.com/about-xdai/project-spotlights/honeyswap - CircleUBI - POAP - minting directly on xDai then bridge to Etheruem
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