Bitcoin is Not New Money Says FED
June 19, 2020 2:11 pm
Do repost and rate:
We expected altcoin season, but defiance is on as financial dapp tokens have seen significant gains in the past few days.
Starting with the one you’ve all heard of now: Compound. Up another 50% to $200, partly because almost no liquidity and partly because it’s the only thing happening right now.
Aave, the flashloan boys have also seen considerable gains. This thing rose from 2 cent in April to now 13 cent.
Much more importantly, its assets under management are seeing a jump, and not just a jump:
From zero to $100 million in six months, now that’s growth and a very profitable one because all these defiers are quite willingly and very happily paying their fees.
That’s because we have as just an example the Defi Savers, new boys. Now you can flashloan your Maker collateral to a green Thursday while everyone else cries. Vat?
The best part is that if you have the Aave token then you’re kind of paying the fees to yourself because 80% of it goes towards burning the tokens, a dividend basically.
Making this a bit communistic capitalistic… millennialism. A disruption, though at a very small scale currently, but still a complete disruption of the concept of the company itself.
Melon, 40% and not a zig zag, this is an actual jump. Why? Well maybe we’ll find out and then it can be its own article.
They did this daoing last year with this being kind of a code based investment management platform where you hand over your assets to others to trade with it and try to make money on your behalf, for which obviously they get a fee.
You keep code based controls, with it all pretty interesting especially if the manager is good with the bots to pap pap pap all the arbitraging and market making and whatever else they do.
With all of this coming to life now because it’s becoming real and a full ecosystem where all dapps benefit from everyone else because they can use each other and the services they provide.
So even something like Gnosis has gained 10% with this being one of the first ICOs, meaning they should be very rich although we haven’t looked at their current holdings.
Initially they wanted some Augur copy clone then some smart contract based wallet and now arguably the sky is the limit if they can sit and think.
Augur itself is also up 7%. They getting V2. What that is exactly we might find out, with that specific area also innovating to the point now you can bet while only winning.
Bancor, they had some sort of bug which wasn’t exploited, but who cares, up 6.5%. That’s while both bitcoin and eth are either not moving or slightly down.
So this isn’t some sort of great magnetic pull by the big boys, this is the cool kids jumping to say: hey, we are here.
IDEX – they have a token? 15%. What on earth is Ethereum Meta? 12Ships!
Mind the maze boys, but the point is our ‘companies’ are back and this time there’s nothing anyone can do about it, not even grandpa SEC.
Because by the time they figure out just what on earth we doing, we would be figuring out something else to be doing. Enjoy!
Copyrights Trustnodes.com
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