The 57th edition of our curated newsletter.
In today’s newsletter we look at:
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- Your Guide to Bancor v3
- DAOs and Decentralised Legal Structures
- MetaMask’s Plans for the Future
- The veModel And How It’s Improving DeFi
- Is Multicoin Capital the Best-Performing Venture Fund?
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Introducing Bancor v3: Dawn
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Bancor, the first Automated Market Maker (AMM), will upgrade their already heavy-hitting protocol to v3: Dawn. V2.1 already removes the risk of impermanent loss while still allowing liquidity providers to receive rewards, and allows users to deposit single-sided tokens into liquidity pools.
Dawn is the first step of a three-part upgrade. Next is Sunrise, followed by Daylight. With Dawn, Bancor users can look forward to instant impermanent loss protection, auto-compounding rewards instead of manual claiming or re-staking, and a change in tokenomics for their utility and governance token BNT. Find out more about the rest of the changes coming to Bancor
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Joining the likes of Monster Energy and the New York Stock Exchange, Meta (previously Facebook) has recently filed eight trademark applications relating to blockchain tech and its proposed metaverse. Will you be joining in?
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What You Need to Know About DAOs and Legal Structures
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Crypto, web3, and decentralised organisations are still in their infancy as an industry. According to Decentral Park Research, there has not been proper testing of the many legal frameworks currently being applied to the above.
With the nature of a pure stateless DAO, there are multitude of issues one comes across to include general liability to all members. However, there are a few actionable approaches via wrapping the DAO with a legal framework. An example of this is a16z using an Unincorporated Nonprofit Association – providing a legal entity that is a recognised counter-party and minimises liability towards members.
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MetaMask Looks to Future After Surpassing 30 Million Active Users
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MetaMask (one of the most popular wallets used to navigate web3) has seen a 42% increase in the last four months. This figure was announced on the same day MetaMask publicised their $450 million raise during their Series D.
In an interview with Decrypt Consensys CEO Joseph Lubin explains MetaMask is prioritising security, and improving on its interface. The wallet will soon be launching its own DAO, with Lubin stating, “It won’t govern MetaMask, but it will enable the creation of novel new pieces of MetaMask to be funded.”
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#tokenomics #liquiditymining
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veModel: the Holy Grail of Tokenomics?
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In this article, Balancer Labs explains how the Vote Escrow Model (veModel) and Vote Escrow Tokens (veTokens) hold extremely positive growth implications for DeFi.
The model incentivises liquidity providers who choose the tokens’ longest time lock period. They are the most likely to believe in a protocol and have the most significant influence on its direction. Tokens of long-term holders will count more in governance voting, earning staking rewards, voting on boosts to certain polls.
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#venturecapital #investing
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The Success of Venture Fund Multicoin Capital
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Over the past five years, the firm has held and traded dozens of assets. However, according to The Generalist, the following four investments defined Multicoin Capital and its success: The Graph, Helium. EOS, and Solana.
A venture firm that returns a 10x multiple on invested capital (MOIC) is legendary in VC circles; Multicoin Capital has ten investments out of 27 that have already reached a MOIC of 10x and above – with Solana being its biggest winner at a gross MOIC of 1317.9x.
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Jump Into the World of Payments
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How to land your job in fintech?
If you seek your dream role in fintech — Mercuryo is the place to be. Check out all our open opportunities today.
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