Chris Burniske revises and expands on his prior crypto valuation framework to differentiate 'productive' crypto assets (ie capital assets) from crypto commodities. While MV=PQ applies to the latter, the former are best valued by variations of the NPV formula.
+ Ryan Selkis has a great take on this piece, combining it with a more bearish view on staking returns provided by Ben Davenport of BitGo (where he argues staking won't provide a real yield in the long term).
Great piece of work by Kyle of bZx attempting to categorize degrees of tech decentralization for the most prominent DeFi lending protocols. It's particularly useful to look at the trade offs each one made.
If the recently featured 'Superfluid Collateral' post got your brain in gear, you'll no doubt enjoy this follow-up piece by Dan Zuller of Vision Hill, where he expands on the idea of 'recycling' idle collateral to enhance network productivity and ultimately to enable greater utility.
And it looks like we are starting to see the first signs of this happening.
Blockchain Capital conducted a survey of American adults to assess the general sentiment toward Bitcoin, as a follow up to one they ran back in October 2017 (i.e. top of the market).
The results are presented in this post, and remarkably it shows how awareness, familiarity, perception, conviction, propensity to purchase and ownership all increased significantly over that period, despite the crypto winter.
Great recap of team Stake Capital adventure at ETHCapeTown, where they managed to win the hackathon with their decentralized version of TikTok (DTok), a pay-as-you-go streaming platform built on top of Livepeer via Raiden-enabled Burner Wallet and using DAI for payments.
Really cool new mobile app (iOS only for now) that lets anyone create and discover limited edition blockchain NFT collectibles.
The really cool thing is blockchain is used to store, secure ownership and enforce scarcity, but users can engage with collectibles on the app (create, claim, discover, and transfer) without touching crypto!
AirSwap released the new version on Instant on mainnet, a super neat non-custodial interface for P2P token trading, with a lot more features to ensure a trade can go through or alternatives are surfaced (eg OTC via their Spaces product) and a slick new wallet interface.
The team developing the Opium Protocol have proposed ERC-721o, a new token standard for representing exchange-traded derivatives, OTC derivatives and features like portfolio wrapping on the Ethereum blockchain.
The new standard is a combination of ERC-20 and ERC-721 standards, allowing for multiclass fungible tokens, ie tokens that are fungible within their own class.
Dapper Labs (the makers of Cryptokitties) have developed a smart contract based wallet specifically to interact with blockchain games. The wallet is built to be "gas-free" and with features like account recoverability and fiat on-ramps. The trade-off is it requires email address and phone number for verification purposes.
Very keen to give it a spin (you can request access from meetdapper.com).