Weekly Action Recap

Your bankless action recap for fourth week of February 2021

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Dear Bankless Nation,

Crypto corrections are normal. As David said early this year:

There are three things certain in life: death, taxes, and -40% drawdowns in crypto.

Drawdowns happened multiple times last market cycle. Here’s BTC in 2017:


Pull backs are normal. It never goes straight up. Yes, we’re still in a bull run.

Zoom out and realize crypto is crushing it—here are the numbers:

  • BTC: +57% YTD

  • ETH: +98% YTD

  • DPI: +207% YTD

Don’t panic. Don’t stress. This is par for the course.

Relax, enjoy the ride, and keep leveling up.

I mean guys…we had Mark CUBAN on the show this week (some killer clips here). And he’s teaching himself solidity. 🤯

We’ve come a long way.

Here’s what’s booked for next week:

  • Podcast with Mark Cuban dropping on Monday (subscribers have early access)

  • We’ll show you how to make bank trading the funding rate on perps

  • Lucas is going to run through the key metrics to value a token

Let’s get to the recap.


P.S. Watch David’s unboxing of the Lattice1 Wallet. 📺

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

Recap for the week of February 23rd, 2021


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

  2. Learn how to get exposure to NFTs 🔥

  3. Read how crypto is going to eat traditional art

  4. Understand why DeFi needs trust minimized money

  5. Tell us: Is Binance Chain DeFi?

Watch & Listen

  1. 🎙️ Listen Building DeFi on Layer 2 | Synthetix, Loopring, Immutable

  2. 📺 Watch Fireside Chat | Stani Kulechov, Fernando Martenelli, Dan Elitzer 🔥

  3. 📺 Watch State of the Nation #35: NFT MANIA | Nifty Gateway Founders

  4. 📺 Watch ROLLUP: Big Dip | NFT Culture | Coinbase IPO | Ethereum Jobs

  5. 📺 Watch AMA with Hart Lambur from UMA Protocol

Weekly Subscriber Perks 🔥

Bankless full memberships give you access to perks like these:

(Launch your own raffle for Bankless Badge holders! Maybe we’ll feature it here. 😜 )

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📺 Watch Episode 35 of State of the Nation

🎙️Listen to Podcast Episode | 📺 Watch the Episode

We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!

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

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Our Mark Cuban episode was 🔥🔥🔥

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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