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Dear Bankless Nation,
Grayscale released a report this week on Valuing Ethereum.
They said ETH is valuable for three reasons:
ETH is money
ETH is a consumable asset
ETH is an interest bearing asset.
They valued ETH as a triple point asset.
The mental model for ETH is becoming clear for people, for institutions. We’ve preached this countless times but: the most bullish thing for ETH to is to be understood.
And people are starting to understand.
No wonder ETH price is on a moon mission. 🚀
Here’s what’s on the docket for next week:
Podcast with Vitalik on Monday (early access for members here)
We’ll teach you how you can long or short any asset
We explore the future of work
Let’s get to the recap.
Recap for the week of February 1st, 2021
🎙️WEEKLY PODCAST EPISODE
Research Aave’s road to billions 🔥
WATCH & LISTEN
🚀 Weekly Subscriber Perks
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Win an APY Vision Pro Edition membership or VISION tokens (up to 6 winners!)
Vote on Token Thursday coverage (results from the last one)
Click here to launch your own raffle to Bankless Badge holders. Could be good marketing….
📺 Watch to Episode 32 of State of the Nation
🗞️ Latest Weekly Rollup. Download the week in crypto to your brain in this show.
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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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