1/ Must read 🧵s about $UST and Terra compiled by @mariogabriele
Have been reading the differing opinions about Terra and $UST.
Put together a list of the best threads/opinions for anyone interested. Will be interesting to look back in 6 months.
2/ @JackNiewold speculating on protocol consolidation in DeFi
With the UST depeg, we have seen a system tested to the breaking point.
Others will follow in its path until there is a single winner.
This will happen across DeFi.
Consolidation is here, and those who can spot category winners will be rewarded generously.
🧵
3/ DeFi simplified by @tony_intern
most of DeFi is predicated on a three sided trade
1. alice deposits assets in bob's app
2. bob gives alice yield to compensate for tail risks (e.g. hack)
3. carol buys bob's coin because it looks like people like bob's app
4/ Metrics for Coinbase's NFT marketplace since April 20th
kek
Dare Obasanjo @Carnage4Life