The 51st edition of our curated newsletter.
In today’s newsletter we look at:
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The Triple Halving: Where We Stand
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On a scale from 1 to 10, how bullish are you on ETH? Nikhil Shamapant, the author of the post, is a firm Ethereum believer. He also predicted that triple halving (EIP-1559 and moving towards proof-of-stake model resulting in a 90% reduction in issuance) would cause the coin’s price to rise to $150k by Jan2023.
Some of the critical points of the original report included removing the most liquid supply, DeFi and staking locking away further supply, and increased retail and institutional access. This time he posted an update (a lengthy must-read for all Ethereum fans) and reviewed the current state of the Ethereum network in detail.
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In 2021, a record-breaking $14 billion worth of crypto assets were stolen by scammers who took advantage mainly of the rising DeFi space.
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#tokenomics #projectdevelopment
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The Pillars of Tokenomics & The ve Token Model
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Even if you come up with the most brilliant idea and gather a team of talented developers, one practical arrangement can decide the fate of your project. Based on supply and demand principles, tokenomics is a science of token economics.
This article explains the four main pillars of tokenomics – supply, distribution, monetary policy, value capture – and the ve concept. Short for voter escrowed, it is becoming a popular tokenomics model with newer DeFi protocols. A significant step forward, veTokenomics is considered a massive improvement to the previous system and worth looking into.
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DAOs Aren’t A Fad — They’re A Platform
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DAOs are all over the news (Explained by Mercuryo is yet another proof of that). Being called a subreddit with a bank account, decentralised autonomous organisations quickly emerge as an alternative investment vehicle. When playing it smart, DAOs can make their members astonishing profits.
The piece in Forbes tells the story of DAOs using real-life examples and reasoning about their future, bright or doomed. The authors recall the most noteworthy events and active participants, including Flamingo, Syndicate, Komorebi Collective, PleasrDAO, etc. They also try to predict how big investing DAOs could get.
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At the beginning of February, an attacker exploited a vulnerability in the Wormhole network to mint 120k Wormhole-wrapped ETH. The attacker then bridged 93,750 of these tokens to Ethereum, withdrawing the unwrapped Ether from the contract.
The Wormhole network has upgraded the contract to fix the vulnerability and is fully operational now. They wrote a detailed report on the incident and offered a $10,000,000 reward for any essential information on the attacker.
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‘We’re Freaking DAOing It’: The People Who Think DAOs Are the Future of Work
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Want to look at DAOs from a different perspective? CoinDesk published a piece on people who believe that DAOs are the future of work as they work on building them. According to DAOers, the new structure is empowering, invigorating and a natural fit for work-from-home schedules.
How come so many people are betting on the DAO industry careers? Some of the main reasons for popularity are adrenaline, faith in the company’s vision, the joy of the work itself, overall obsession, and the chance to get rich. And then it’s also cool.
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Jump Into the World of Payments
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Career reinvention is necessary.
Are you seeking your dream role in fintech? Mercuryo is the place to be. Check out our opportunities!
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