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Dear Bankless Nation,

Grayscale released a report this week on Valuing Ethereum.

They said ETH is valuable for three reasons:

1. ETH is money

2. ETH is a consumable asset

3. ETH is an interest bearing asset.

They valued ETH as a triple point asset.

We published the triple point asset model well over a year ago. (Here’s the podcast) Now institutions are using it to understand ETH.

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.

- RSA

P.S. We minted 2021 Bankless Badges this week! Full subscribers—check your email to claim. It’s your ticket to win raffles, access a secret discord channel, and vote in governance decisions.

🙏 Sponsor: Aave—earn high yields on deposits & borrow at the best possible rate! 

Recap for the week of February 1st, 2021

🎙️WEEKLY PODCAST EPISODE

Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed

ACTION RECAP

1. Execute any good opportunities you saw in Market Monday

2. Trade YFI perps on Perpetual Protocol

3. Learn what’s new with Optimistic Ethereum and Synthetix

4. Research Aave’s road to billions 🔥

5. Review top signals for this market cycle

WATCH & LISTEN

1. 🎙️ Listen Jeremy Allaire | Crypto Dollars, Regulation, and DeFi

2. 📺 Watch SotN #32: Does DeFi Fix This? | Cameron & Tyler Winklevoss 🔥

3. 📺 Watch ROLLUP: ATH for ETH & DPI | Logan Paul NFTs | Hashmasks | Saylor

4. 📺 Watch AMA with Yaniv Tal | Co-Founder at Graph Protocol

🚀 Weekly Subscriber Perks

The Bankless badge gives you access to stuff like this:

• Win an APY Vision Pro Edition membership or VISION tokens (up to 6 winners!)

• Listen to Vitalik Buterin | 2020 Reflections on Crypto and Beyond 🔥

• Access the Bankless DAO Discord channel (instructions)

• 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….

Get Bankless Badge

📺 Watch to Episode 32 of State of the Nation

🎙️Listen to Podcast Episode | 📺 Watch the Episode

🗞️ Latest Weekly Rollup. Download the week in crypto to your brain in this show.

Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed

Go Bankless. $12 / mo. Includes archive access, Inner Circle & Badge—(pay w/ crypto)

🙏Thanks to our sponsor

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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Reading Bankless gets the people GOING

toms0 @toms0x

every time I read @RyanSAdams on @BanklessHQ I get so hyped about #ETH that I feel I’ll never be able to sleep again

February 4th 2021

4 Retweets38 Likes

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