Aaand that’s a wrap! Badge Week is over—congrats to all the winners!!
Dear Bankless Nation,
European Investment Bank (EIB) announced earlier this week that they’re issuing $121M in digital bonds on Ethereum.
This is the official lending arm of the European Union—a significant quasi government institution electing to distribute digital bonds to investors on Ethereum.
Institutions are starting to realize the benefit of Ethereum. They’re waking up to the the value of a global, open, internet-native settlement layer.
Meanwhile ETH is pushing to new ATHs every day.
I wonder what happens to ETH price when people learn that every time a bank like EIB or Visa or PayPal transact on Ethereum it increases the scarcity of ETH. 🤯
This last part is why I think ETH is the biggest risk-adjusted alpha in crypto right now.
If you want the models for ETH supply over the next decade you have to check out the Modeling Ultra Sound Money 📺 episode we recorded with Justin Drake last week.
You’ll learn why:
There will never be more than 120m ETH
ETH supply will drop to 100m in 12 years
ETH sell pressure is about to be reduced by 90%
ETH staking APR is going to 25%
The world doesn’t know any of this yet…but you do. #neversell
Here’s what’s lined up for next week:
Monday’s podcast is one of our faves! Crypto is the next Renaissance
Slingshot is going to teach you how to trade like a pro (no gas fees)!
We’re doubling down on DAO content
Also it seems like the community in the #bankless-dao channel of our discord really want to launch a Bankless DAO.
I wonder what that would look like? 🤔
P.S. We’re loving the new Dharma app. Might be the best app for your friends to get into DeFi.
P.P.S. Congrats to 0x344…bb0d for winning 1 ETH from the raffle—it’ll be sent later today!
Recap for the week of April 26th, 2021
Work for DeFi protocols (we give you 5 ways!)
Explore how to manage DAO treasuries
Watch & Listen
🎙️ Listen to Governance and Capital with Joel Monegro
Weekly Subscriber Perks 🔥
Premium subs get access to perks like these:
Full Access to Market Monday Reports
Congrats to all Badge Week winners! Enjoy your prizes!
Launch your own raffle for Bankless Badge holders! Go ahead. We can’t stop you.
📺 Episode 43 of State of the Nation
We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!
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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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