Weekly Action Recap (+🎁)

Your action recap for the week of January 5th, 2020

Level up your open finance game three times a week. Subscribe to the Bankless program below.


Dear Crypto Natives,

We did a reality check on crypto banks this week. The truth is, we don’t have a good way to know if they’re solvent. On the other hand, money protocols have 99 problems but proof-of-solvency ain’t one—everyday is proof of key in DeFi.

Speaking of reality checks we also did one on the cash flows of chains that aren’t money. Seems their P/E ratios say they’re way overvalued. Monetary premium or bust!

Next week’s lookin 🔥. Tuesday’s tactic will show you how to tokenize yourself. In Thursday’s piece we’ll look at Ethereum’s path to trillions.

Level-ups coming at you fast!

-RSA


People ask—how can I help get more people in DeFi? 👇

Send 1 DAI to help someone go Bankless 🎁

Gitcoin’s running a grant match and if you send 1 DAI to the Bankless grant I can give $14 worth of Bankless subscriptions to people who need them. As I write this:

You give $1 and they’ll add $13

It gets better. The way quadratic funding works, we get a higher match with a bunch of tiny donations instead of a few big ones. So $1 is 13x matched now, but if a bunch of you send 1 DAI the next $1 given could be 30x, 150x, or 300x matched.

If enough of you do this it could mean:

You give $1 and they add $30…$150…maybe $300

This is a 3x win.

Win 1: More people going Bankless
Win 2: The funds improve the program for everyone
Win 3: Every $1 gets massively amplified by the matching (10—300x!)

Oh, and you get to level-up on quadratic funding. 🔥

👉Get 1 DAI, open MetaMask, & fund the Bankless Scholarship Grant now

(Scholarships prioritized for students & community nominees)


Recap for the week of January 5th, 2020


SCHEDULE RECAP:


ACTIONS RECAP:

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

  2. Complete weekly assignment: Lock away some ETH (for fun!)

  3. Look at P/E ratios on TokenTerminal

  4. Which cryptoassets are overvalued or undervalued according to their P/E ratios?

  5. Consider: what trust assurances do you have on the deposits in your crypto bank?


Subscribe to the Bankless program. Inner CircleDeal SheetBonus content. Costs less than a coffee per week. Don’t invest in crypto until you invest in yourself.


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Tag me on twitter when you subscribe & me how you’re going bankless for 3 x 🔥

Bankless is so disruptive the banks don't want you to read it…


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