Bankless ROLLUP: Base Kicks-Off Onchain Summer
15 snips
Aug 11, 2023 The discussion kicks off with a look at potential bull market signals for 2024, driven by innovations in Layer 2 solutions. The launch of PayPal's stablecoin raises eyebrows on its market impact. Exciting insights arise from Coinbase's IPO and its role in decrypting Layer 2 data. The new Arbitrum BOLD protocol enhances security, while debates over ethics in code attribution reveal tensions in the crypto world. Investment highlights include a hefty backing for Puffer Finance's unique LSD protocol.
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Layer 2 Growth
- Layer 2 Total Value Locked (TVL) is growing, indicating increasing usage and adoption.
- Scaling factor demonstrates the increased economic activity on Ethereum's Layer 2.
Goldilocks Zone
- Current market conditions present a "Goldilocks" zone for crypto.
- This period offers a unique opportunity for builders and long-term investors.
Utilize DAI Savings Rate
- Take advantage of the DAI Savings Rate (DSR) to earn 8% yield on your DAI holdings.
- Access the DSR through platforms like Spark Protocol (with regional restrictions).