Coinbase IPO, Mnuchin news, sponsor updates & more
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Whattup Degens, another stellar week in the ecosystem.
Crypto is breaching TradFi like they never saw it coming. IPO’s, Regulation, Rappers, and more.
Continue to bask in the glow of All Time Highs and catch up on what happened this week.
This is the Weekly Recap!!
🙏 Big Ups To Our Great Sponsor Aave: Earn Interest & Leverage Your Assets with Aave, a non-custodial money market protocol leading the #DeFi charge.
🚨Their new liquidity mining scheme is LIVE Beehive 1.0 🚨
What Happened in DeFi This Week?
ICYMI: Andy & Gabriel sat down to chat DeFi for an hour, really great convo!
Now, to the news…
Coinbase is making waves in the TradFi space with the announcement of their S-1 registration. The Coinbase IPO has been speculated for months and is finally hitting regulated exchanges. What better timing than during BTC All Time Highs?!?!
Mr. Steve Munchkin, head of US regulatory agency FINCEN, announced intentions to extend KYC to offline wallets. The implications of such regulation are still up in the air in terms of implementation. The proposal seems ill-informed from the eyes of DeFi users, however decentralized systems could be forced to comply or face the consequences. Only time will tell.
In shitcoin news, we have a couple of Lil Coin Launches. Lil Yachty and Lil Pump are the newest entrants to the world of crypto. Each is launching their own NFT on Fyooz marketplace which will allow holders to engage with the rappers and provide access to ‘premium’ features. At least Lil Pump has a name suitable for crypto.
DeversiFi is still running their liquidity mining program Beehive nice & strong with APYs well above 200%. Not too shabby for a long term program meant to incentivize the decentralization and distribution of $NEC tokens. Not to mention, DeversiFi teamed up with Loopring to create an active L2 scaling organization.
Ramifi is launching the new stablecoin on the block. Unlike other stablecoins pegged to the Dollar, Ramifi is based on a basket of commodities to track a non-inflationary value. The goal is to protect consumer buying power at all costs. Check out more from Ramifi below and be on the lookout for a deep dive on the DeFi by Design Podcast.
Aave is still the king of Ship N Drip. This time they’ve teamed up with Zerion to improve the mobile DeFi experience. Aave, as one of the main money legos, and Zerion, as the go-to portfolio dashboard, are taking the Bull by the horns. For the first time ever, you can move DeFi on the go! V2 governance is also here!
On the horizon for the new year is McDEX v3! The decentralized exchange is overhauling their protocol and forcing us to rethink what is possible in a DEX. In addition to powerful new features, McDEX is partnering with some of the biggest names in the space. They’ve come a long away and looking to the future is as exciting as ever!
You know what they say…not your keys, not your coins 😉
⚠️ DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. At certain points throughout this post, we might get commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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