ALPHA:
Help Gearbox, an exciting new Ethereum protocol that allow users to get leverage based on their credit and assets, is launching their contracts using the collective gas of the Ethereum community. In exchange for the assistance, they are distributing $GEAR tokens
Medium Article on Credit Account Mining
MARKET:
The crypto and equity markets have been quite bearish for the last several weeks ahead of yesterdayโs Federal Reserve minutes. It seems the usual 2021 profit taking for tax purposes combined with anticipation of a hawkish Fed lead to more selling. The Fed was 'less hawkishโ than the market expected, with 3 rate hikes and an accelerated bond purchase taper (rather than 6-8 rate hikes), with a promise to not raise long term interest rates until the taper is complete. The market responded positively, but uncertainty around inflation and unemployment still remain.
The regulatooooors were at it again around the world this past week, namely Elizabeth Warren making absurd statements about DeFi operators being terrorist. She is becoming a meme driver!
NEWS:
Great thread on 2022 Investment themes
Golden State Warriors partners with FTX
Public company stakes $50m in ETH
Consensys partners with Mastercard
NFTs:
RUGS:
REGULATION:
POD Oโ THE WEEK:
Su Zhu explains, very poorly, why he doesnโt believe Ethereum will be the dominant Smart Contract execution layer, has no network effects, and decentralization isnโt important. Quite a shocking podcast that I vehemently disagree with him on many points