Weekly Action Recap (+🎁)

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Dear Crypto Natives,

We did a reality check on crypto banks this week. The truth is, we don’t have a good way to know if they’re solvent. On the other hand, money protocols have 99 problems but proof-of-solvency ain’t one—everyday is proof of key in DeFi.

Speaking of reality checks we also did one on the cash flows of chains that aren’t money. Seems their P/E ratios say they’re way overvalued. Monetary premium or bust!

Next week’s lookin 🔥. Tuesday’s tactic will show you how to tokenize yourself. In Thursday’s piece we’ll look at Ethereum’s path to trillions.

Level-ups coming at you fast!

-RSA

People ask—how can I help get more people in DeFi? 👇

Send 1 DAI to help someone go Bankless 🎁

Gitcoin’s running a grant match and if you send 1 DAI to the Bankless grant I can give $14 worth of Bankless subscriptions to people who need them. As I write this:

You give $1 and they’ll add $13

It gets better. The way quadratic funding works, we get a higher match with a bunch of tiny donations instead of a few big ones. So $1 is 13x matched now, but if a bunch of you send 1 DAI the next $1 given could be 30x, 150x, or 300x matched.

If enough of you do this it could mean:

You give $1 and they add $30…$150…maybe $300

This is a 3x win.

Win 1: More people going Bankless
Win 2: The funds improve the program for everyone
Win 3: Every $1 gets massively amplified by the matching (10—300x!)

Oh, and you get to level-up on quadratic funding. 🔥

👉Get 1 DAI, open MetaMask, & fund the Bankless Scholarship Grant now

(Scholarships prioritized for students & community nominees)

Recap for the week of January 5th, 2020

SCHEDULE RECAP:

• (Monday) Every day is proof of keys for DeFi - capture
• (Tuesday) How to think about crypto P/E - implement
• (Thursday) A crypto banking reality check - calibrate

ACTIONS RECAP:

1. Execute any good market opportunities you saw in Market Monday
2. Complete weekly assignment: Lock away some ETH (for fun!)
3. Look at P/E ratios on TokenTerminal
4. Which cryptoassets are overvalued or undervalued according to their P/E ratios?
5. Consider: what trust assurances do you have on the deposits in your crypto bank?

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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