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Dear Bankless Nation,
GuysâŠwe didnât get acquired by Wells Fargo. That was me trying some April Fools humor. The banks canât stop the bankless movement. Weâre just getting started.
Speaking of just getting startedâŠthis week we learned Visa is just getting started on Ethereum. One of the largest payment networks in the world now using Ethereum to settle transactions.
Think about that for a minâVisa just became an Ethereum sidechain.
While theyâll start off slowly, a few transactions per day (prob be worth millions each), Visa is setting a precedent. Financial institutions are now experimenting with public blockchain networks. And their first step is exploring how they can leverage Ethereumâs block space to improve their processes.
Hereâs what theyâll realize: Ethereum is a 24/7, global, open, programmable settlement layer for the world. They can send and receive money to anyone, anywhere, anytime. They can stream money in real time. They can verify income and assets on the spot.
Theyâre going to realize our entire financial system can be automatedâŠthis time without the banks.
The best part? The more they adopt Ethereum the more they pay to ETH holders.
This has been our thesis for years. And weâre seeing it happen in real-time every week. Weâre front-running the institutions.
Speaking of which, hereâs whatâs lined up for the next one:
Much awaited podcast with Uniswapâs Hayden Adams (early release video here)
Weâll dish out some DeFi tax tips & tricks for you procrastinators
A deep dive into a project aiming to become the DeFiâs Blackrock
Another week of level ups. OhâŠand happy $2k ETH :)
Letâs get to the recap.
- RSA
P.S. Another round of Bankless Badges went out yesterday! Make sure you claim these bad boys. Big plans ahead. If youâre a premium member & donât have it, DM Lucas on Discord.
đ Sponsor:Â AaveâExperience DeFi:Â Deposit, Earn, & Borrow with Aave
Recap for the week of March 29th, 2021
đïžÂ WEEKLY PODCAST EPISODE
Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed
ACTION RECAP
Execute any good market opportunities you saw in Market Monday
Prank the Bankless Nation with our Wells Fargo acquisition đ„
Watch & Listen
đïž Listen to EIP 1559 | Hasu đ„
đș Watch SotN #40: Get a job in crypto | Rob Paone (Crypto Bobby)
đș Watch ROLLUP: Visa on ETH | SNL NFT Skit | Bankless + Wells Fargo
đș Watch The Story Behind PleasrDAO
Weekly Badge Perks đ„
The Bankless badge gives you access to perks like these:
Raffle for 3 Crypterior NFTs (badge perk!)
Alpha Alert on Fei Protocolâs Genesis Event
Launch your own raffle for Bankless Badge holders! Go ahead. We canât stop you.
đșÂ Episode 40Â of State of the Nation
đïžListen to Podcast Episode | đș Watch the Episode
Weâre now live streaming State of the Nationâjoin us at 2pm ESTÂ every Tuesday!
đïžÂ Latest Weekly Rollup.Download the crypto meta to your brain in this weekly show.
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Aave
đ Experience DeFi: Deposit, Earn, & Borrow with Aave
Aave is a decentralised, open source and non-custodial liquidity protocol enabling users to earn interest on deposits and borrow assets. Aave Protocol is unique in that it tokenizes deposits as aTokens, which accrue interest in real time. It also pioneered Flash Loans and Credit Delegation as innovative DeFi building blocks. The Aave Protocol V2 makes the DeFi experience more seamless with features that allow you to swap your assets for the best yields on the market, and more. Check it out here.
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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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Guys, I really love the material. Bankless was one of the main resources that helped me get started with crypto. Subscribing and becoming a badge holder is one of my short term goals at the moment. However, I find myself wondering why there is no crypto subscription option! Feels like this is quite important actually... Count me as signed up, in a smart contract, as soon as you guys start walking the talk! ;)