2nd Week of April, 2022 ------ 📣 CONSENSYS | M·A·C: NFT Collection for a Good Cause https://bankless.cc/MAC  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  ------ Topics Covered: 0:00 Intro 5:00 MARKETS 5:05 BTC Price 5:47 ETH Price 6:35 Ratios, BED, Gas https://www.indexcoop.com/bed  10:55 Total Crypto Market Cap https://www.coingecko.com/en/global_charts  12:00 ETH Min Gas Price Post-Merge https://twitter.com/domothy/status/1512817907130114059  16:00 ICHI Token https://www.theblockcrypto.com/post/141788/ichi-token-price-collapses-by-99-in-latest-defi-debacle  20:42 White House: Extraordinarily Elevated Inflation https://twitter.com/disclosetv/status/1513574076383645699 https://www.reddit.com/r/Superstonk/comments/u1xynt/the_annual_inflation_rate_in_the_us_accelerated  https://twitter.com/TrustlessState/status/1514569232306118659  26:00 Bloomberg Merge Estimates https://twitter.com/RyanSAdams/status/1513892957371437074  34:10 RELEASES 34:40 Robinhood Crypto Wallet Transfers https://www.theblockcrypto.com/post/141008/robinhood-widens-user-access-for-crypto-wallet-transfers-unveils-plan-to-support-lightning-payments-for-bitcoin  36:53 Polygon KPI Liquidity Mining https://twitter.com/0xPolygon/status/1511373161623089152  38:50 Umbra Now Available on Optimism & Arbitrum https://www.scopelift.co/blog/umbra-launches-on-optimism-and-polygon  39:35 Uniswap Swap Widget https://twitter.com/Uniswap/status/1514603576093335553  41:00 AVAX Mempool Opening Up https://twitter.com/trustlessstate/status/1514013436878983173  44:50 RAISES 44:55 Epic Games $2B to build an Avatar Filled Metaverse https://twitter.com/FT/status/1513575145805336577  45:45 Uniswap Labs Ventures https://twitter.com/Uniswap/status/1513564875037061122  50:00 Circle $400M https://www.prnewswire.com/news-releases/circle-announces-400m-funding-round-301523647.html  50:20 AVAX Labs https://twitter.com/TheBlock__/status/1514615631877836814 52:45 Ignite (formerly Tendermint) Launches $150M Accelerator https://www.theblockcrypto.com/post/141302/ignite-formerly-tendermint-launches-150-million-accelerator-for-web-3-projects?ref=coingecko  53:35 Goldman Sachs Invests $88M in Certik 54:13 Nomad $22M https://blog.nomad.xyz/nomad-raises-22m-seed-round-for-security-first-interoperability-5d6b15c96007?gi=1dbc2b9da21d  54:33 JOBS https://pallet.xyz/list/bankless/jobs  55:34 NEWS 55:40 Merge Won’t Be in June https://twitter.com/timbeiko/status/1514010098145759232  57:50 Maple x Maker https://maplefinance.medium.com/maker-x-maple-a-partnership-to-scale-the-digital-economy-38f6ce0fce1b  58:35 Meta 50% Commission on NFTs https://twitter.com/banklesshq/status/1514333528292536328  1:00:05 The BAYC Brand/Restaurant https://twitter.com/BoredNHngry/status/1513599188243652610  1:02:30 Coinbase Interactive 3-Part Film - BAYC the Movie https://twitter.com/coinbase/status/1513589848048689152  1:03:52 Jack Dorsey NFTs Not Rare? 1:06:23 ETH NFT-Backed Loan Market https://decrypt.co/97190/ethereum-nft-backed-loan-market-heats-up-as-cryptopunks-owner-borrows-8-3m  1:07:13 Elon 1:07:30 Not Joining Twitter Board? https://www.theblockcrypto.com/linked/141437/elon-musk-reverses-decision-to-join-twitters-board  https://twitter.com/elonmusk/status/1514564966564651008  1:09:38 Axie Infinity 1:09:45 Hacker Launders 7.5% of Stolen ETH https://twitter.com/watcherguru/status/1512819830927376384  1:15:36 $NEAR Launches April 20th https://twitter.com/Route2FI/status/1512166993671168003  1:15:48 REGULATION 1:15: 50 USDC Stablecoin Issuer Hires Execus to Oversee Regulation 1:16:11 Celsius No More Deposits 1:17:00 Uniswap Labs Being Sued 1:23:11 TAKES 1:23:46 U.S. Taxes https://twitter.com/DanPriceSeattle/status/1513552893688827907  1:24:22 Local or Global DeFi Winners https://twitter.com/RyanSAdams/status/1513865713739608076  https://twitter.com/hildobby_/status/1513874645371559936  1:27:20 Who Could’ve Foreseen This? https://twitter.com/ercwl/status/1513681327354171403  1:29:30 This is Why We Fight https://twitter.com/TrustlessState/status/1514356560516030464  1:36:52 What David’s Excited About 1:39:00 What Ryan’s Excited About 1:41:35 MEME of the Week https://twitter.com/Pollo2x/status/1514335011461218307  https://twitter.com/TheRugNews/status/1514615385806426117  1:42:55 Closing & Disclaimers 1:43:08 Moment of Zen https://twitter.com/songadaymann/status/1512141935959494656  ----- Not financial or tax advice. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Sam Kazemian is the founder of Frax, the fractional-algorithmic stablecoin protocol. After co-founding the decentralized Wikipedia startup Everipedia, Sam set out to pioneer the algorithmic stablecoin space. The FRAX stablecoin now has a market cap of over $2.6 billion, and the protocol’s FXS governance token is up 300% in the last year.  In this episode, we explore the Stablecoin Wars, in which different protocols compete for liquidity and composability in DeFi. Sam brings a 1st-person perspective into the developments surrounding UST and the recently launched 4pool on Curve, which consists of stablecoins UST, FRAX, USDT, and USDC. A highlight of this conversation is Sam’s parable of an archetypal central bank, in which he cruises through a number of salient takes on money markets and macroeconomics. There is a lot to learn about this Cambrian explosion of financial technology, and Sam is a great teacher. Stick around to find out why walked away from this conversation bullish on Frax. ------ 📣 M·A·C: NFT | Keith Haring Collection for a Good Cause https://bankless.cc/MAC  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/   🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/   ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO   🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  ------ Topics Covered: 0:00 Intro 3:30 Sam from Frax 7:50 The Stablecoin Narrative 13:45 The Central Bank Parable 24:45 Backing an Exchange Rate 28:10 Frax Analytics | What is Frax? 37:34 Frax Analytics | The Peg 42:30 Frax Analytics | Comparing 45:03 RSA Gets Frax-Pilled 49:42 MIM vs UST 53:16 The LUNA Token 56:41 Frax Roadmap | FPI 1:04:36 The 4pool 1:14:00 The Stablecoin Wars 1:18:35 What Happens Next? 1:23:20 Closing & Disclaimers ------ Resources: Sam on Twitter https://twitter.com/samkazemian  Frax Finance https://app.frax.finance/  Decentralized Finance and the Debt Cycles https://academy.blue-swan.io/blog/decentralized-finance-and-the-debt-cycles  Market Share Chart https://www.theblockcrypto.com/data/decentralized-finance/stablecoins/total-crypto-backed-and-algorithmic-stablecoin-supply  Do Kwon’s 4pool Tweet https://twitter.com/stablekwon/status/1510021707377287170  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures