DeFi & DAO Updates 📰🚀 #56: December 14th

Crypto-Art Goes Mainstream (+BLOCKLAND book now in print)

A book plug from your friendly neighborhood newsletter-writer:

Elias Ahonen @elias_ahonen

#BLOCKLAND 21 Stories of #Bitcoin, #Blockchain, and #Cryptocurrency starts printing today. Out Jan 3rd, the Genesis Block anniversary. Stats: 21 chapters 148 sub-sections 202 words in Index 494 pages 127,761 words 48 art/images 24 months. Free signed copy to a random Re-tweeter

To order BLOCKLAND, visit cryptonumist.com

📺 News & Articles

• Cult Digital Artist Beeple Raises Record $3.5 Million in NFT Auction

• A Look into the DeFi Deflationary Yield Farming Boom

• Impermanent Loss Hedge Total Return Swap Litepaper

• 3 Reasons A Big DeFi Bluechip Rally Is Likely After YFI, AAVE, SUSHI Drop 10%

• Crypto Exchanges to Spend 2021 Focusing on DeFi, UX, and New Services

• Ripple Executive Says Flare Bringing DeFi to XRP As Anticipated Airdrop Arrives

• DeFi Game Aavegotchi Preps for Jan. 4 Mainnet Launch With NFT Auctions

• Hacker Steals $8 Million From Nexus Mutual CEO by Remotely Changing MetaMask

• A DeFi platform looking to make entering the market easier raises $4.9 million

• Multicoin Capital Leads $1.15M Seed Round for DeFi Protocol Swivel Finance

• Our Investment in Swivel Finance

• Origin Dollar compensation plan marks progressing maturation of DeFi space

• Cosmos and Blockstack hackathons offer glimpse into DeFi’s future

🤹Tweets of the Week

Token Terminal @tokenterminal

1/ Why the price to sales ratio (P/S) is a useful tool for crypto investors 👇 The price to sales ratio compares a protocol’s market cap to its revenues. A low ratio could imply that the protocol is undervalued and vice versa.

Erik Voorhees @ErikVoorhees

German Finance Minister: “We must do everything possible to make sure the currency monopoly remains in the hands of states.”

reut.rsG7 finance officials back need to regulate digital currencies: TreasuryFinance ministers and central bankers from the Group of Seven (G7) advanced economies strongly supported the need to regulate digital currencies, the U.S. Treasury Department said in a statement on Monday after a virtual meeting of the officials.

฿ully @BullyEsq

Buying Ethereum now is like being able to buy part of the internet in the early 1990s.

✨ 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 Yearn Ecosystem Token Index (YETI) for $500.

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

🤖🤣On the lighter side..

CryptoCat.eth @CryptoCatVC

Evolution is inevitable, no point in fighting it