Trader Joe and Avalanche Expansion News, You've Been Served Through NFTs, and Other Fun Explorations in Crypto
The Best Of Defi, Degen News, Macro and New Protocols
The Best Of Defi
Updates and news from top defi projects
Trade Joe Is Expanding Its Decentralized Exchange Services To Binance
Trader Joe has long been the top DEX on the Avalanche network and launched on Arbitrum in December.
The BNB chain was originally created by Binance, the centralized entity, but has since grown into a decentralized, community-driven network.
The Binance centralized exchange withstood serious criticism in December, potentially a smear campaign, and the resulting $3 billion dollars of withdrawals in just 24 hours as people panicked about centralized exchanges.
Binance survived this.
They had the money.
I still recommend participating in decentralized infrastructure but it’s important to understand the role that centralized exchanges play in any given network. Binance might be the most powerful centralized onramp in all of crypto and it points directly to the BNB chain as the next step for users interested in decentralization.
I expect this ecosystem to grow throughout 2023.
Crypto Fish Co-founder at Trader Joe said:
“The deployment of Joepegs NFT Marketplace and Trader Joe DEX on BNB Chain will be completed before the end of the first quarter of the year. BNB Chain is one of the most popular blockchains in the world, currently home to over 1,400 dApps with an active daily user base of over 1 million and we're very excited to introduce the Trader Joe experience to this thriving ecosystem”
Avalanche Powers Shopify’s NFT app
Shopify is taking a page out of Reddit’s growth playbook and enabling a simple “digital collectibles” experience for store owners and customers.
Lorescan Brings User Friendliness To Blockchain Scanning
The DefiLlamas’ Decentralized Exchange Aggregator Gains Instant Traction
3AC Assclowns Get Served Via Twitter and NFTs
Authorities struggled to physically find the two in charge of 3AC’s $3.5 billion collapse so they got approval to legally serve them via Twitter and email with NFTs.
Add it to the list of ridiculous online flexing fails.
Macro Insights
I used the FireShot app to screenshot these from the Fed’s Snapshot platform.
That will be the only fun part of this section, the rest is grim.
10-Year — 3-Month Treasury Bill Yield Spreads See All-Time Low
This means that you can make more money from a 3-month investment into the US Treasury than you can with a 10-year investment into it, and the difference is greater than it’s ever been.
Think about that, do you believe your personal position in life will be better in 3-months than it will be in 10-years? If you’re reasonably young, and the answer is yes, you’re claiming that your personal actions are unsustainable. Not an ideal way to conduct life or monetary policy.
Historically, this inverted yield curve is the most accurate leading indicator of a recession to follow within 2 years of the phenomenon.
American Personal Savings Rates Worse Than 2008
Degen Alpha
No plain English here, just an array of professional degens and alpha.
Thor’s take on the trending Liquid Staking narrative
In the age of endless tools, what’s your excuse?
Solidly Launch finds momentum
DAOHQ offers DAO Index
New Protocols
I intend to publish a “Defi Basics Series” to include research process development and tools for anyone who needs to find their footing in crypto. I desperately needed sophisticated direction when I first found defi and yet the easiest, sexiest landing pads were scammy, cheap shills on Youtube. Now that I’ve found professionals, communities, and tools to professionalize myself, I want to offer a package of resources for the next wave of new users and investors. That said, this section of new protocols is not intended for anyone without a serious research process in place.
Due diligence level in this section? Minutes.
Should you ape in? Never - the apes are broke.
Should you make a new wallet for each unproven protocol you interact with in order to minimize your risk? I do.
Should you read more and begin your due diligence process? Find out.
Guard Protocol offers lost wallet and inheritance solutions through smart contracts
Joint aims to solve fiat on-off-ramps through peer-to-peer cash and crypto swaps with a decentralized exchange
FlokiFi offers simplified UI and locking mechanisms to attract entry level users
Tegro Finance launches on Telegram’s blockchain - The Open Network
Telegram aims to become a super app through payments and defi offerings to its existing social platform.
The Football Manager game is live on Arbitrum
NEAR Starter’s Initial Dex Offering Is Live
IDO’s are a crowdfunding technique for new protocols to launch their native token through a decentralized exchange.
NEAR Starter is a launchpad protocol.
The $NSTART token farms the $NEARIA token which represents an index of the tokens launched through NEAR Starter.
More governance and yield farming details to come to be released soon.
LazyFi testnet goes live tomorrow - 1/10/23 - with hint of an airdrop
LazyFi is a gamified learn to earn platform powered by the NEAR network.
Disclaimer: Opinions here are my own. None of this is financial or investment advice. You should always do your own research, form your own opinions and make your own decisions.