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Weekly Action Recap

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Weekly Action Recap

Your action recap for the week of February 9th, 2020

Ryan Sean Adams
Feb 15, 2020
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Weekly Action Recap

newsletter.banklesshq.com

Level up your open finance game three times a week. Subscribe to the Bankless program below.


Dear Crypto Natives,

This week we learned how to start earning 7.5% in a DAI savings account. Then we learned why DAI interest rates are likely to keep rising.

(DAI is the stablecoin maintained by MakerDAO).

But maybe you believe DeFi protocols will win and you want something with higher upside. Ok, which DeFi tokens are worth buying? SNX look great at a PE of 6 but is it?

Best level ups happened in the Inner Circle this week—full subscribers get access!

-RSA


📝 Friday Open Thread: what was your biggest mistake in crypto?

  • DeFiDad missed his chance to earn BTC with cookies in 2012

  • Foobazzler put money in dubious coins at the tippy top

  • This guy missed getting 2000 BTC in 2010

Still time to add yours. And check back next Friday 10am EST for a new open thread!


Recap for the week of February 9th, 2020


SCHEDULE RECAP:

  • (Market Monday) The Great Protocol Sink - capture

  • (Tactic Tuesday) How to get a DAI saving account - implement

  • (Writers Wednesday) Are DeFi Tokens Worth Buying? - consider

  • (Thursday Thought) Rise of the Cryptodollar - calibrate

  • (Friday Open Thread) What was your biggest mistake in crypto? - collaborate


ACTIONS RECAP:

  1. Execute any good market opportunities you saw in Market Monday

  2. Complete weekly assignment: send DAI on a timer using Gelato

  3. Convert some USD and setup a DAI Savings Account

  4. Consider: are DeFi tokens worth buying?

  5. Calibrate: what sets the cryptodollar interest rate?

  6. Collaborate: tell us—what was your biggest crypto mistake?


Subscribe to Bankless. $12 per mo. Includes archive access, Inner Circle & Deal Sheet. Costs less than a coffee per week. Don’t invest in crypto until you invest in yourself.


Pay with crypto—pay using ETH, BTC, DAI, USDC. Annual subscription only.


Tag me on twitter when you subscribe & tell me how you’re going bankless for 3 x 🔥

Bankless changes the power structure

Twitter avatar for @mccallios
James McCall @mccallios
I am just a country boy, but I think the power in the ideas in Ethereum is you don't have to be in New York or Goldman to be able to leverage the power and control. Bankless is stateless. @RyanSAdams @lex_DAO
4:40 PM ∙ Feb 11, 2020
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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.


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

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Weekly Action Recap

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