dApp & DeFi Updates 📰🚀 #46: September 27th

Funds are NOT SAFU!

A regular newsletter keeping you up-to-date on DeFi & related news.

📺 News & Articles

• KuCoin cryptocurrency exchange hacked for $150 million

• The corruption of defi in 2020

• Y Combinator, Bitmain, Polychain invest over $10M in blockchain network NuCypher ahead of its mainnet launch

• NuCypher: WorkLock, DAO, and Road to Mainnet

• Rari Capital Enhances Roboadvisor Platform with Addition of mStable mUSD

• This non-Ethereum based DeFi project has $180M staked so far

• EOS DeFi EoW Outlook

• DeFi & Future: 10 promising projects in the DeFi world

• Did Ethereum Learn Anything From the $55M DAO Attack?

• Our Network: Issue #40

• Escaping the Dark Forest

• Crypto Lending Platforms Comparison in 2020

🤹Tweets of the Week

Elias Ahonen @elias_ahonen

Pretty confident this #DeFi bubble incl. #YFI #LEND #SNX #COMP #UMA #UNI is comparable to #BTC's in 2013. The amount of money in the market is comparable & the hype was mostly confined to the existing players as opposed to new entrants like in the 2017 ICO phase. Long road ahead.

Cameron Winklevoss @cameron

DeFi is not the same as the 2017 ICO craze. Back then, money was raised on shitcoin white papers written in a coffee shops. DeFi is already live and working in the wild. Billions of dollars are at work earning positive yield. This isn’t hypothetical vaporware, this is real.

🤖 Leshner @rleshner

Economists just published a paper analyzing Compound & #DeFi interest rate markets 📈 DeFi Protocols for Loanable Funds: Interest Rates, Liquidity and Market Efficiency Authors: Gudgeon,Werner, Perez, and Knottenbelt Imperial College London arxiv.org/pdf/2006.13922…

Ryan Selkis @twobitidiot

More like UNEASYs. Performance vs cycle high: UNI - down 45% Nexus - down 47% ETH - down 30% Aave - down 48% SNX - down 53% YFI - down 46% These are the DeFi “blue chips” for anyone who wants to BTFD / catch the falling knife.

dclblogger.eth @DCLBlogger

BuT I caN jUsT ScrEenShoT iT. Yeh. No. Why Art and NFTs makes sense. Thread 👇 1/

Andrew Kang @Rewkang

With recent DeFi token price run-ups, people have been crying "bubble!". So is it too late to invest or not? Here are my thoughts on where we are in the state of the DeFi market from an "inside perspective"

Ryan Sean Adams - rsa.eth 🏴 @RyanSAdams

The next Banksy will be a meme artist who sells NFTs

Linda Xie @ljxie

It's important to remember how sensationalized a lot of crypto twitter can be. DeFi is not going to take over all of traditional finance, DeFi is not dead, NFTs are not going to take over all of crypto, NFTs are not useless. Take all with a grain of salt!

Ben Davidow @Ben_davidow

1) Last night CoinGecko listed yTrump. yTrump = tokenized YES shares from Augur’s market on whether Trump will win the 2020 election. Augur TVL has nearly doubled in the past 24 hours and this is not a coincidence...

Jack Purdy @jpurd17

We're all sick fucks for investing in a market like this

The Jiho @Jihoz_Axie

It's not about NFTs It's not about DeFi It's not about DAOS It's about combining all three

Aleo @AleoHQ

Announcing Aleo, the first platform for fully private applications.

aleo.orgAleo | Where Applications Become Private.Welcome to Aleo. The first platform for fully private applications. Write, run, and host private applications on Aleo. The ultimate toolkit for building private applications is finally here.

✨ Weekly Spotlight & Paper Trading

Since December, we have been featuring a spotlight of the week.

We have backdated these picks into a TOKEN VALLEY DeFi FUND, which you can follow. You can view all holdings on this spreadsheet. Each newsletter, we will add a new DeFi token to the mix.

Despite all the drama of the week which we were correct to predict, we are down only 3% from last Sunday so we believe we made the correct decision to HODL instead of neither timing the crash nor panic-selling.

This time we have picked one new additions: Nexus (NXS)

🤖🤣On the lighter side..

Tari @tari