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Pendle's DeFi Domination
Published on Apr 8, 2024
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NEED TO KNOW
ETH Roars Back
  1. 🚀 ETH passes $3,700. After posting the lowest ETH/BTC ratio since 2021 last week, Ethereum prices saw substantial gains on Monday, shooting up over 8%.
  2. 🇵🇾 Paraguay preps BTC mining ban. If approved, a ban in the country, which has become a hub for miners due to cheap hydroelectric power, would last six months.
  3. 🗳️ Aave prepping fee switch vote. Aave could vote next week on whether to activate a fee switch on the network that would distribute fees to token holders.
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TODAY IN MARKETS
Chinese Capital Destined for Crypto?
Bankless Author: Jack Inabinet

📊 Property Panic! Chinese markets continue to underperform, prompting investors in the world’s second-largest economy to dump onshore assets in favor of seemingly uncorrelated hedges as they flee for the exit. What asset are Chinese citizens now storing wealth in, and could these flows be coming to ape your bags!?!

Prices as of 5pm ET 24hr 7d
Crypto $2.69T ↗ 4.0% ↗ 2.7%
BTC $71,627 ↗ 3.3% ↗ 2.8%
ETH $3,687 ↗ 8.4% ↗ 5.6%
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ANALYSIS
Pendle's Total Domination
Bankless Author: William M. Peaster

There’s a new DeFi major on the block – Pendle

With $4B in total value locked (TVL) and deposits on the rise, the protocol is now among the largest projects in crypto. Pendle stands out for allowing users to tokenize and trade future yields on their DeFi assets. 

Let's take a look at the components of this protocol and why DeFi investors are so bullish on what it enables👇


FRIEND & SPONSOR: KRAKEN

Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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LATEST POD
AI Power Wars

Decentralized AI has been a major investing meme, but is there a future for the vertical?

Today on the show, we have the founder of Stability AI, Emad Mostaque. David and Emad discuss the economic consequences of AI, why AI needs to be open-sourced, and the role of crypto in decentralizing AI.

Get the full rundown 👇

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.

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