The 64th edition of our curated newsletter.
In today’s newsletter we look at:
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- Surviving Crypto Cycles
- The Cost of Rollups
- Uniswap v3 Liquidity Dominance
- An Institutional Guide to DAOs
- The Trials of On-Chain Governance
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A Lesson in Crypto Cycles
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With any volatile asset, there are good times and bad times. Case in point – this article on surviving crypto cycles written by Coinbase co-founder Fred Ehrsam in 2021 is just as valid now as it was then.
While we can’t predict the future, we can prepare ourselves for what’s to come by observing past cycles. No market cycle will look the same, but critical elements such as drawing regulatory and media attention, strengthening the ecosystem and ‘washing out’ weaker companies allow us to formulate a plan.
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This week, Bitcoin fell to its lowest price since December 2020 😨
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Rollups are one of four off-chain scaling solutions for the Ethereum blockchain. While rollups are the first blockchain incurring positive network effects with increasing activity, this isn’t always the case.
One can determine a fee spike by the volatility of a base layer’s fee market and how demand exceeds supply for block space. Find out when the above explanation no longer applies, and what to do to mitigate it.
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Uniswap Liquidity Dominance and Automated Market Makers (AMM)
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Research published earlier this month shows Uniswap Protocol v3 has deeper liquidity in ETH/USD, ETH/BTC, and other ETH pairs than some leading centralised exchanges.
The decentralised nature of AMMs, and the more passive liquidity it provides, open up market-making activities to a broader set of participants. While centralised exchanges only really offer this opportunity to high-frequency traders.
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An Institutional Guide to DAOs
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If you’ve ever wanted to understand DAOs (Decentralised Autonomous Organisations) from an institutional perspective Arca, an asset management firm, has recently released a 28-page guide to decentralised governance.
Within the guide, you’ll find introductions to concepts such as Web3, DAOs, and decentralisation. As well as deeper dives into the practical application of and types of DAOs currently operating.
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$36 Million Moved to the Wrong Wallet
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After a vote last week, the Juno community decided to seize millions of dollars worth of JUNO tokens from a whale accused of gaming a community airdrop. The funds were mistakenly moved to an unknown wallet rather than an address controlled by the community.
The above error happened after a developer pasted the transaction hash in place of the smart contract address, and over 120 validators still executed on the transaction. Find out the next steps for the developers and chain community.
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Let’s Talk Careers in Fintech Today
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If you seek your dream role in fintech — Mercuryo is the place to stay. Check out all the opportunities we cover today.
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