Ryan Sean Adams 
Across - Across.to is the bridge you deserve
Level up your open finance game three times a week. Subscribe to the Bankless program below.
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:
- Execute any good market opportunities you saw in Market Monday
- Complete weekly assignment: Lock away some ETH (for fun!)
- Look at P/E ratios on TokenTerminal
- Which cryptoassets are overvalued or undervalued according to their P/E ratios?
- Consider: what trust assurances do you have on the deposits in your crypto bank?
Subscribe to the Bankless program. Inner Circle, Deal Sheet, Bonus content. Costs less than a coffee per week. Don’t invest in crypto until you invest in yourself.
Pay with crypto—you can pay using ETH, BTC, or USDC. Annual subscription only.
Tag me on twitter when you subscribe & me how you’re going bankless for 3 x 🔥
Bankless is so disruptive the banks don't want you to read it…
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.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. I’ll always disclose when this is the case
