EU vs US: Regulation Forcing Crypto Companies Abroad?
Ethos Reserve | Timeswap: DEX for Borrowing & Lending | AIP1 & Binance Outflows
GM, this is your Daily Bolt briefing.
Happy Easter to all! Festivities aside; there’s news in the crypto markets, as per usual. Today we bring you briefings on the Arbitrum AIP1 proposal, as well as Timeswap, a new protocol recently deployed on Arbitrum.
Keep reading to see the VC perspective on why more and more crypto companies are choosing EU over US.
Also; if you missed our latest video on Ethos Reserve, we have a preview of the notes below, with the full note available for all members, free or paid. ⬇️
Over and out.
1/ What’s On My Mind Ep. 14 - Ethos Reserve by Byte Masons
Preview: In this episode, Revelo Intel’s own Souvlaki and Founder Nick Drakon discuss the Byte Masons, Ethos Reserve, how it works, bonded $OATH, $ERN and more. Click here to listen to the full episode.
Length: 53 mins | OUR NOTE: 6 mins
The Ethos philosophy aims to provide transparency and security to users, and works on enhancing access to financial tools and service standards.
The Byte Masons are a software company who run multiple protocols like Reaper Farm, Granary Finance and developed another piece of software called Reliquary which they are releasing under the brand Digit.
They’re led by Justin Bebis, who Nick personally thinks is someone that conducts himself in an exemplary fashion even when he makes mistakes, he’s very quick to admit them.
The Ethos Reserve is a place where a user can get interest-free loans against a collateral; the user will deposit a collateral, either $ETH or $BTC to borrow ERN or Ethos Reserve Note.
There is a deposit and redemption fee of 0.5% and users can draw collateral up to a range of a maximum of 108% for ETH and 120% for BTC.
The Byte Masons have positioned themselves quite interesting in terms of the range in the suite of products they offer.
Next week, there will be an OATH/ETH/EARN 70/15/15 weighted pool and a $GRAIN/$ERN/$ETH 70/15/15 weighted pool.
Ethos Reserve UI:
2/ Polygon Alpha Podcast - TimeSwap: Swapping Through Time!
Preview: In this episode of Polygon Alpha Podcast, host Justin Havins, is joined by Ricsson Ngo, CEO of Timeswap Labs, Harshita Singh, and Ameeth Devadas, Co-Founders of Timeswap Labs. Click here to listen to the full episode.
Length: 58 mins | OUR NOTE: 6 mins
Here are some key takeaways:
Timeswap was inspired by Uniswap; the idea for Timeswap is to create a money market protocol to manage tokens through time.
Timeswap is permissionless, and Oracle manipulation can never happen.
Permissionless in Timeswap means permissionless not just for users, it's also permissionless for the projects and communities to create a great economy around their token.
People can have exchange price discovery for any assets, interest rates, and collateral factor discovery on Timeswap.
Harshita thinks that in Timeswap, people are able to solve the problem of capital inefficiency.
Timeswap is predominately working with market makers because a lot of them already work with other options protocols.
3/ Unchained Podcast - Arbitrum Lesson: Governance Is Not Easy
Preview: In this Unchained Podcast episode, Laura Shin gives a Crypto News Recap about the latest on Arbitrum, and the current problems with crypto governance. Click here to listen to the full episode.
Length: 13 mins | OUR NOTE: 3 mins
Here are some key takeaways:
The Arbitrum team tried but failed to pass a controversial proposal.
Arbitrum Improvement Proposal or AIP1 aimed to allocate 750 million ARB tokens valued at around 1 billion dollars to the Arbitrum Foundation; however, over 78% of token holders voted against the proposal.
Arbitrum employee Patrick McCory revealed that the proposal served as a formality to inform the community of decisions that had already been implemented.
On-chain data shows that the Arbitrum Foundation had already used 50.5 million of the proposed 750 million ARB tokens.
Despite facing a lawsuit from the U.S. commodity futures trading commission (CFTC), on-chain data reveals no sign of investors fleeing Binance according to a glass node report.
The exchange recorded the largest net outflows in history with negative 295 million dollars in stablecoin outflows per day, but its Bitcoin and Ethereum balances remained unharmed.
On the Revelo Intel platform, we’ve summarized these 3 episodes and in total, would have saved you: 1 hour and 49 minutes!
Our platform provides fast, digestible info at your fingertips: an asset you need in crypto. ⬇️
The Scoop - EU crypto landscape is more resilient than the US
In this episode of The Scoop, Frank Chaparro is joined by Samantha Bohbot to break down RockawayX's recent report on the state of crypto funding in Europe, and explains why there are "more VC-backed crypto startups in Europe than in any other geography."
Read our notes below to learn more.
The European Venture Capital Landscape
RockawayX is a European venture investment firm with a venture studio, an infrastructure business, and a security business.
A report shows that there are more VC-backed crypto startups in Europe than in any other geography, and the region has the biggest concentration of early-stage projects and companies overall.
US venture capitalists come to Europe for crypto early-stage companies more than they do for traditional tech, giving hope for future growth capital investment.
Companies are moving jurisdictions globally due to regulatory environments, including the US.
Founders want to operate in a safe, certain environment with no regulatory uncertainty to execute their roadmap for building products that serve global communities.
Identifying Opportunities in the Crypto Industry
Investors in the crypto industry need to have more domain expertise and stake their names on themes they are excited about.
Projects that were not overleveraged and spent their money in smart ways are likely to be successful.
Bringing Cryptocurrency and Blockchain Technology into the Real World
Frank and Samantha talk about how to bring crypto and blockchain technology into the real world.
One way is to have more capital come into the system, either through foundations or individuals with more assets in crypto, who need access to traditional financial products.
Another way is to have new types of financial products or creations in the real world that naturally should live or be financed on-chain.
An example of the first way is Ondo Finance, which has created security tokens that get exposure to ETFs managed by PIMCO and BlackRock, providing access to treasuries and corporate bonds.
An example of the second way is Hive Mapper, a decentralized Google Maps alternative that could be created with contributions from individuals running hives and compensated with tokens.
The biggest problem with crypto is creating incentives for individuals to continue participating and contributing to the network once the value of the token decreases.
The Role of VCs in Helping Startups
Samantha suggests that one role of investors is to steady the hand of founders, who tend to get anxious and want to move everything to new fintech.
Investors should ask questions, understand the founders' goals and worries, and use their network to save time and negotiate better deals.
Check Out These Important Links
Want more notes all access like this? ⬇️