DeFi & DAO Updates 📰🚀 #52: November 10th

Bulls are coming

📺 News & Articles

• Defi Picks Back Up: $1.32 Billion Added in One Week

• Ethereum: Wall Street gaint holds these 6 different DeFi tokens

• Watch Decentralized Insurance As Another Emerging DeFi Trend

• Defi Investment Community Backs Switcheo With $1.2 Million Investment

• Over $1 million permanently locked in DeFi smart contract

• "DeFi is One of The Most Progressive And Enticing Industries to Date" - Katherine Deng

• Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction

• Decentralized Crypto Exchange Aggregator 1inch Releases New Version that Offers “Best Rates” on DeFi Token Swap

• DeFi on Polkadot: An alt chain with interoperability on the horizon

• FTX founder Sam Bankman-Fried is among Joe Biden’s top contributors with more than $5M in donation

• Circle’s high-yield USDC business accounts take aim at DeFi

• Yearn State of the Vaults #7

• DeFi won’t last long without unlocking Bitcoin’s $250B treasure chest

• Binance’s DeFi index crashes 60% as Bitcoin overshadows altcoins

🤹Tweets of the Week

Nick Tomaino @NTmoney

Prediction markets are already a better info source than pundits, but they’re not close to as good as they will be. Most aren’t trading yet. As Hayek said “What is known by a single person or group is only a small fraction of the sum of knowledge held by all members of society”

Token Valley @Token_Valley

What's your favorite DAO ? Check this great list:

deepdao.ioDeep DAO - Insights for a Decentralized Worlddao analytics insights for a decentralized world

Joey Krug @joeykrug

This is exactly what I say when people say “retail isn’t coming” in this bull cycle. Yeah right, retails coming, just be patient!

Kyle Davies @kyled116

I’m not sure you understand. When $BTC hits $20k, every media outlet on the planet will espouse its virtues corralling a stampede of normies.

Ceteris Paribus @ceterispar1bus

From November lows: $YFI +118% $AAVE +82% $SNX +76% $UNI +66%

Chris Burniske @cburniske

Grayscale just had their biggest week of #Ethereum interest ($58M). And people say institutions won’t touch $ETH 😂 https://t.co/k0eulGY6JL

Michael Sonnenshein @Sonnenshein

What an INCREDIBLE *week* at @Grayscale... (i) LARGEST asset raise across products EVER ➡️ $237mm+ (ii) LARGEST asset raise EVER for $ETH Trust ➡️ $58mm+ (iii) YTD inflows quickly approaching $3,000,000,000 (iv) AUM has now surpassed $9.1B ...and we're *just* getting started!

trent e @trentelme

defi summer was not for mainstream retail, it was for the 2017 cohort to get prepped for the real run

Su Zhu @zhusu

within the blink of an eye, every small/medium enterprise will be holding cryptoassets and stablecoins earning best-in-class yields companies not earning yield in DeFi may end up shunned

Circle @circlepay

Circle is planning to introduce short and medium term high yield interest rate business accounts built entirely on #USDC. Starting at 8% APY, make sure to secure a spot on the waitlist today. https://t.co/rAjbWRTDrB Restrictions will apply.

✨ Market Commentary & Paper Trading

Since December, we have been featuring a spotlight of the week. After doubling the initial fund, we sold half for $10,000 and created the ‘Outlier Fund’ looking for small-cap DeFi buys that we think to have a chance of bringing exponential returns. Feel free to follow our buys!

For the Outlier Fund, our pick is Switcheo (SWTH) or $500.

We also had a look at our earlier fund, which we left off as a $10,000 ‘basket fund’ one month ago. After 4 weeks, it’s up 5.6% (though it was down a lot more in the chaos that happened on the smaller scale:

If you have suggestions for next week’s picks, DM or Tweet us at @Token_Valley

🤖🤣On the lighter side..

Autism Capital 🧩 @AutismCapital

Farming APYs can be a hell of a drug. Would you rather earn 30% APY on a Stable or hold BTC that could 2X? ETH that can 3X? A shitcoin that could 4x? (or ruin you) Decisions frens. Decisions.