ROLLUP: Voyager Bankrupt | Solana Phone | ENS Domains | Facebook NFTs | Reddit NFTs | EU Crypto Regulation
Bankless
The Collapse of Voyager: Lessons from the Crypto Crisis
This chapter explores the downfall of Voyager, a centralized finance lending service that faced bankruptcy, exposing over 100,000 creditors. It examines Voyager's initial appeal against its reckless financial practices and substantial exposure to Three Arrows Capital. The discussion emphasizes the implications for retail investors amid the liquidational chaos and draws parallels to past financial crises.
First Week of July, 2022
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âď¸ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
âACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
đŚBRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave
đ´MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO
đLEDGER | SECURE STAKING https://bankless.cc/Ledger
------ Topics Covered:
0:00 Intro
3:30 MARKETS 6:50 Macro Sentiments https://twitter.com/KobeissiLetter/status/1543591588970070016 8:35 Dollar Go Up https://www.bloomberg.com/news/articles/2022-07-05/euro-falls-to-lowest-since-2002-against-the-us-dollar 10:35 Oil Go Down https://www.cnbc.com/2022/07/05/oil-tumbles-more-than-8percent-breaks-below-100-as-recession-fears-mount.html 12:38 USDC Gains on Tether https://cointelegraph.com/news/circle-s-usdc-on-track-to-topple-tether-usdt-as-the-top-stablecoin-in-2022 17:20 ENS June Numbers https://twitter.com/ensdomains/status/1542989987456569344?s=20&t=W7lXFFpRefHsFfMCuRqDeg
21:30 Voyager Goes Bust https://www.investvoyager.com/ 24:00 What Happened? https://www.investvoyager.com/pressreleases/voyager-digital-provides-update-on-asset-and-risk-management 25:30 The 3ac Plunge https://seekingalpha.com/news/3850830-voyager-digital-stock-plunges-after-disclosing-over-660m-exposure-to-three-arrows-capital 31:20 Three Arrows Capital Bankruptcy https://www.theblock.co/linked/155578/three-arrows-capital-files-for-chapter-15-bankruptcy-in-new-york?utm_source=twitter&utm_medium=social 34:20 Three Arrows NFTs
37:05 Nexo Eating Vauld https://www.theblock.co/post/155790/nexo-vauld-offer-potential-acquisition?utm_source=substack&utm_medium=emailhttps://www.theblock.co/post/155790/nexo-vauld-offer-potential-acquisition 39:00 FTX Acquires BlockFi https://blockworks.co/ftx-reaches-deal-to-acquire-blockfi-for-up-to-240m/ 42:40 Celsius WBTC Vault https://twitter.com/cryptoworldjosh/status/1545024254735171584?s=21&t=z-kyYYLrQC-2xDEuQnAiRw
47:00 Sepolia Merge https://www.theblock.co/post/156013/ethereum-developers-activate-the-merge-on-sepolia-testnet 50:00 Facebook NFTs https://decrypt.co/104205/facebook-begins-testing-ethereum-and-polygon-nfts-on-profiles 52:07 Solana Phone https://solana.com/news/saga-reveal 54:20 Polygon Phone https://twitter.com/MihailoBjelic/status/1544019899827322880?s=20&t=mYQvkX_SFA5r5y9SZHusfA 56:24 Immutable Off-Ramp https://twitter.com/Immutable/status/1544155189166641152?s=20&t=MfDRmaNg_eBYYrHOnKPltw 58:00 Reddit NFT Marketplace https://www.reddit.com/r/CollectibleAvatars/comments/vtab05/introducing_collectible_avatars/ 59:45 Moonbirds Go Up https://twitter.com/jerrykestel/status/1544016979140427782 1:00:45 Axie Hack Story https://www.theblock.co/post/156038/how-a-fake-job-offer-took-down-the-worlds-most-popular-crypto-game 1:02:30 Uprise Big Oof https://twitter.com/TheBlock__/status/1544674260152733697?s=20&t=qUznXkny5NYvG9G6nwAdBQ 1:04:54 Crypto EU Deal https://www.europarl.europa.eu/news/en/press-room/20220613IPR32840/cryptocurrencies-in-the-eu-deal-struck-between-parliament-and-council
RELEASES 1:07:00 Aztec Connect https://twitter.com/aztecnetwork/thread/1545046832597700611 1:08:40 Bankers Going Bankless https://www.coindesk.com/business/2022/07/06/three-execs-leave-jpmorgan-this-week-to-join-crypto-firms/ 1:09:00 Jobs https://pallet.xyz/list/bankless/jobs
1:11:00 Questions from the Nation Post-Merge Fees https://twitter.com/KristinaKlaudy1/status/1544720722135769090?s=20&t=6qFTy8_wEDQk2Nv8wYLkbQ 1:14:20 Data Sharding https://twitter.com/DiscoverCrypto1/status/1544874701473730565?s=20&t=6qFTy8_wEDQk2Nv8wYLkbQ
1:16:25 TAKES 1:16:40 Leighton Celsius Take https://twitter.com/lay2000lbs/status/1545033033392193536 1:18:40 Ruled by Adults https://imgur.com/jutmOmL 1:19:52 No New Narratives https://twitter.com/pythianism/status/1544442176985133056?s=20&t=vEwAPR55xMjGsw3m4hbo0Q 1:21:47 Bear Market Advice https://twitter.com/0xNader/status/1544126113059782656?s=20&t=KtqAQRiBwhpZ5hQ6_qYetQ
1:22:10 What Davidâs Bullish On 1:24:20 What Ryanâs Bullish On
1:27:20 MEME of the Week
----- Not financial or tax advice. https://newsletter.banklesshq.com/p/bankless-disclosures
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