The 27th edition of our curated newsletter.
In today’s newsletter we look at:
Moving Beyond Coin Voting governance
Over the past year, the focus of the blockchain space shifted from decentralized finance (DeFi) to thinking about decentralized governance (DeGov). In the recent blog post, Vitalik Buterin has shared his thoughts on DeGov and especially the idea of moving away from coin voting being the only legitimate form of governance decentralization.
Vitalik states that decentralized governance can be both necessary and dangerous and wonders how to get the benefits of DeGov while minimizing the risks suggesting a bunch of hefty solutions.
Uniswap V3: Liquidity providing 101
Uniswap v2 is an automated market maker that allows traders to swap one asset for another and enables liquidity providers to provide liquidity and earn trading fees. On Uni v3, you can put liquidity on any specific price interval, and as long as the price is in the set range, you have liquidity and earn fees.
The Medium post by Mellow Protocol explains the space of liquidity providing and market-making on AMMs in greater detail. Want to understand liquidity profoundly and figure out how effective liquidity providing works? Then here’s your bedtime read.
Mercuryo Co-Founder’s Piece
Cryptocurrency Concerns vs Regulations in Europe
Who doesn’t like good Coinshares research? This time the digital asset investment company published a report exploring the state of crypto in Europe with nine countries in focus: Germany, the UK, Switzerland, Italy, Sweden, Austria, Luxembourg, Finland, and the Netherlands.
The crypto market in the EU is constantly evolving and doesn’t lack investors demand. European governments, although cautious, are progressive enough to develop a diverse palette of regulations. The report showcases crypto ownership numbers, regulatory environment, challenges, and concerns, country by country.
The Wilderness of NFT Space
CryptoPhunks: Just a Flip or a Movement?
If you’re still flirting with the idea of investing in some catchy NFTs and need some first-hand info, don’t miss this article by Ani Alexander. The host of NFT Rebels podcast shares the intricacies of her NFT journey, and this time she introduces the readers to CryptoPhunks.
The project started as a parody and revolves around flipped images of CryptoPunks. The initial goal was to poke fun at Punks and kickstart commentary around the wild prices in the NFT space. Eventually, when their assets were delisted from allegedly decentralized marketplace OpenSea, CryptoPhunks seemed to uncover a much deeper issue.
As NFTs’ prices soared over the past couple of weeks, people have started joining forces and buying them collectively. Recently a group of 478 people have purchased a $3.75 million worth Zombie CryptoPunk thanks to the PartyBid platform that made it possible. Then they had a Living Dead Party online, demonstrating that NFTs are also a social phenomenon.
Not Boring’s exciting piece analyzes NFTs as social networks using the Status-as-a-Service Framework since NFTs tick a lot of the boxes of a successful social network from Eugene Wei’s Status-as-a-Service. And social networks often generously reward their early adopters. As for the social network with money baked in, it gives early believers a double-whammy. It’s time to explore.
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.