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Culture Vibes | Market Monday

Remember when Bankless got acquired by Wells Fargo?

Ryan Sean Adams
May 17, 2021 • 4 min read

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Dear Bankless Nation,

Remember the day Bankless got acquired by Wells Fargo?

Some of you thought our April Fools satire was hilarious. Others were outraged! My inbox was flooded. (Reminder—no one can acquire the bankless movement)

But a lot of you asked if these hilarious Wells Fargo shorts were real. (They’re not! 😅)

This gave Michael Wong an idea—what if we could make the meme real? What if we transfer the bankless revolution to wearable form?

After a collab with MetaFactory the end result is this epic commemorative tee:

You can get a Wells Bankless Tee now!

This is a timed drop edition—only two days to buy it. Closes at on May 18th, 2021.

THIS WILL NEVER PRINT AGAIN.

🤖 Alpha leak: when you buy the Wells Bankless tee enter your ETH address at checkout and you’ll get 42% of the price back in ROBOT 🤖 tokens.

This is only Drop #1. I’ve seen plans for future drops…they’re straight 🔥.

You’ll want them all. Sign up here so you don’t miss anything.

Scarce crypto culture swag is a big opportunity:

👉 Read about the apparel partnership between Bankless DAO and MetaFactory

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👉 Subscribe to Bankless Culture newsletter to get notified on future drops

Why is culture important?

Because this is more than technology…this is a social movement.

The people are taking back their banking system.

The banks can’t stop us.

We’re building a money system by the people for the people.

Let’s spread crypto culture.

- RSA

P.S. Last chance for Consensus 2021 tickets! Ray Dalio talking crypto and David Hoffman talking Ultra Sound Money. Coming May 24th. Get your tickets (BANKLESS code for $20 off).

🎙️ NEW PODCAST EPISODE

Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed

MARKET MONDAY:

Scan this section and dig into anything interesting

Market numbers 📊

ETH dumps -20% to $3,295 from $4,100 last Monday
BTC tanks -25% to $43,000 from $56,200 last Monday
TVL drops -15% to $72.5B from $85.4B last Monday
DPI cools down -4% to $529 from $550 last Monday
DAI stability fee on ETH holds 5.50%

Market opportunities 🤑

Wear the Bankless Fargo Box Tee (sale closes Wednesday)
Swap tokens on Balancer V2
Invest in the BTC-FLI Index for 2x leverage on BTC
Research the state of crypto fundraising with Dove Mountain Data
Predict future outcomes with Reality Cards Beta
Lend GUSD on Aave for 5% APY (plus 6% in AAVE liquidity mining)
Claim your FLX airdrop (distribution next week)
Claim your Convex airdrop if you hold veCRV

Yield Farming 🌾

ALPHA LEAK: How to earn over 100% APY on Sushiswap x Polygon
New liquidity mining program from Alpha Homora
Earn UMA with BadgerDAO’s DIGG rebasing program (uses KPI options)
Synthetix offering near triple digit APYs for providing stonk liquidity

What’s new 📰

What’s hot 🔥

Ethereum is now more secure than Bitcoin
Vitalik donates $500M in dog tokens to Gitcoin (and a lot to India Covid & others)
Justin Drake attempts to value ETH based on tx fees (spoiler: it’s bullish af)
Total crypto dollar supply nears $100B (growth is insane)
Sony files for patent to allow in-game BTC payments
Market is underestimating the amt of institutional money waiting to buy ETH
MakerDAO crosses $200M in annualized revenue (bullish for MKR)
MicroStrategy purchases another $15M worth of BTC (just another week)
Only 39% of Bitcoin mining comes from renewable energy
Liquity Protocol crosses $4B worth of ETH locked (people like free loans)
Gitcoin crosses $20M in OSS funding
Dog tokens got wild last week (and Vitalik rugged them!)
The average crypto holder is 38 (older than expected tbh)

Money reads 📚

BTC maxi on why ETH will win as a SoV - Michael McGuiness
The rise of micro-economies - Cooper Turley
It’s time to decentralized Gitcoin - Kevin Owocki
Bitcoin is civilization - Balaji
Business tips from the person that created Amazon Prime - Chris Hladczuk
Good analysis on DeFi blue chips - Block49 Capital
Media DAOs: Come join the collective - Richard Patey
Ethereum first quarter results (great idea) - James Wang

Governance ⚖️

WHAT I’M DOING

Check out a few cool things I’m capturing right now in crypto

Ryan: Wrote this post then gave some opening remarks on the first DAO community call—200 people attended! Crazy how fast the community is moving.
Lucas: Trying to keep up with Bankless DAO! So much discussion going on within this community. Last week we sold our first NFT for 1 ETH. Now we’re doing the first merch drop. Tons of progress being made every day—very proud of the community.