Weekly News Roundup 09/11/20 (Crypto penetration by country, DeFi moats and valuations, how DeFi reminds us of PoW launches) (EP.124)

Matt and Nic return for deals and news of the week. In this episode: 

• the NFL is BACK
• Matt's predictions for the Patriots season
• New data on countries where crypto penetration is highest
• Mastercard launches a CBDC testing platform
• USDC launches on Algorand
• Past is prologue for stablecoins moving chains
• DCG continues to grow into a juggernaut
• Our Sushiswap explainer
• Can DeFi projects maintain sustainable moats?
• What distinguishes DeFi tokens from ICOs?
• Why you can't apply traditional equity earnings multiples to DeFi valuations
• How Sushi reminds us of Monero's origins
• How Curve reminds us of Dash's launch
• Why communities often stick with botched 'fair launches'

Content mentioned in this episode: 

• Avichal Garg and Curtis Spencer on On The Brink
• Ruben Galindo appears on the show
• Jump Capital's mid-2020 crypto theses
• Chainalysis' 2020 global crypto adoption index
• Bitcoin: A Novel Economic Institution from Ark Invest