The 22th edition of our curated newsletter.
In today’s newsletter we look at:
- Freebee Tesla With a Crypto Yield
Beacon Chain Superheroes
Tokenomics for Beginners
- A Hunt for Perfect Stablecoin
SibaSwap’s Dark Secrets
A DeFi Use Case We’ve Been Waiting For
A Tesla Purchased With Crypto Yield
DeFi space has a lot to offer. Some of those innovative and unique financial tools allow you to do unexpected things with your money. With a little bit of resourcefulness, you can make your wildest dreams come true without hitting your pocket.
Thinking of leasing a new car, but you’re short on cash? How about a brand-new Tesla? A crypto-enthusiast from California shared his story of purchasing an electric vehicle entirely with his crypto yield without spending a single Satoshi. Read his blog post to see how he managed to figure out a $10,000 downpayment and $700 monthly lease payments.
People Behind Ethereum 2.0
Beacon Book: Read and Mint now!
The Beacon Book was launched in October 2020 by Stateful Works, a community determined to cultivate patronage culture around public goods. The core vision of the book is to craft a crypto-native artifact that captures the humanity of the people building the future of Ethereum.
It goes through the hopes, fears, and anticipations of the Ethereum 2.0 researchers and client implementers who started the Beacon Chain.
Crypto Tokens in a Nutshell
Understanding Token Economics
Token economics is the study of economic models and token distributions in the cryptocurrency market. But how do you determine a coin’s value anyway? First and foremost, it needs some incentive for users to hold that token. Then, when the demand for the token arises, its price will increase.
The paper by The Tie explores several main token economic models of the current crypto market.
The Quest for a Truly Decentralized Stablecoin
Fiat-collateralized stablecoins are good, but only until the crypto economy outgrows a collateral obligation. And according to Lisa Jy Tan, the founder of Economics Design, a crypto-economics research company, this may eventually happen.
An algorithmic stablecoin, in turn, can keep its peg using only software and a set of rules. In theory, it could scale infinitely, to whatever size an economy needs. The only problem is that none of the existing algorithmic stablecoins seems to work. Or is there hope? Read the piece by Brady Dale to learn more.
How All Funds Can Be Stolen by the Developers From ShibaSwap Staking Contracts
Shibaswap, a recently launched Ethereum-based dapp, might be boasting a high annual percentage rate for staking Liquidity Provider tokens, but there’s a catch. In theory, the developer can easily remove all liquidity staked in the smart contract and steal funds.
The article walks through the ShibaSwap code, highlights the flaws, and finally, explains how the devs can fix the issue.
Something You Could Have Missed
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.