S6 February 9: Alternate Stables
Specialized Stables | DeFi Download
Your Trusted Source for 101s, Project Announcements, and Tokenomics Tutorials.
Audience: DeFi noobs. People who
- Want to review foundational DeFi concepts (101’s)
- Are curious to learn more about DeFi
- Want to digest the latest DeFi project announcements
- Want to learn tokenomics basics
Steadily increase the complexity of topics, building upon what we’ve written before. Goal to move reader from newbie to an active, engaged member.
[Opening: Jake or Austin]
- 201 Editorials
- FRAX
- RAI
- Terra Luna (Cautionary Tale)
- Chicken
- Curve Stable-Coin & Aave GHO [Jake?]
- 301 Editorial
- Threshold USD [Austin Foss]
- Stable Coin Legislation
- Action Steps
- Project Releases
- Chirping Birds [0xzh]
- Tokenomics [Meesh?]
- Security Scares [Downlore?]
- Engineering Ethereum (EIPs) [Jake, KZG Ceremony?]
- Tactics []
- BANK Utility
- Get Plugged In (Job Opportunities)
Contributors: BanklessDAO Writers Guild (authors)
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🙏 Thanks to our Sponsor
201 Editorials:
Terra Collapse [ Chickenramen]
Frax [Meesh]
Rai [Jake]
301 Editorials:
thUSD [Austin]
Action Steps
📖 Read
⛏️ Dig into
🎧 Listen
🙏 Sponsor:
Project Releases 🎉
Hand-picked articles to understand the current state of the DeFi ecosystem
Announcement
- Bullets
Twitter Post
Chirping Birds [0xzh]
🔥 and 🧊 tweets from across the DeFi ecosystem
Security Scares (Best Practices, Horror Stories, Exploits, and Self Custody) [Downlore]
Seed phrases; Self-custody; hardware wallets; social recovery; token approvals; latest rugs; phishing scams; operational security; latest exploits; security horror stories;
BANK utility (BanklessDAO token)
With over 5,000 holders, BANK is one of the most widely held social tokens in crypto. So it bears asking, where are the best places to put our BANK to use? The five protocols below will allow you to deposit BANK in a liquidity pool and earn rewards. To get going, just click on the name, connect to the app, filter by BANK, and start earning passive income.
⚖️ Balancer
Balancer has two 80/20 liquidity pools, meaning that you are required to deposit 80% BANK and 20% ETH in the pool. There is one pool on Ethereum and another on Polygon. Once you’ve provided liquidity, you’ll receive LP tokens. Keep an eye out for opportunities to stake these LP tokens. There is nearly 500,000 USD in the two Balancer liquidity pools.
🍣 SushiSwap
SushiSwap has a 50/50 BANK/ETH pool. As with Balancer, you will receive LP tokens, and while you can’t stake them on SushiSwap’s Onsen Farm yet, you may be able to in the future. Liquidity providers earn a .25% fee on all trades proportional to their pool share. The SushiSwap pool has a little over 100,000 USD in liquidity.
⏛ Rari Fuse PoolDeprecated Soon
This will be deprecated soon. The Rari Fuse Pool allows you to borrow against your BANK or earn huge APY by providing assets like DAI to the pool. At present, all borrowing is paused for this pool. There is over 450,000 USD deposited in the Pool
🦄 Uniswap
The Uniswap V3 liquidity pool is 50/50 BANK/ETH, and provides a price oracle for the Rari Fuse Pool. By depositing in the Uniswap pool, you can earn fees and help enable borrowing on Rari. This pool currently has over 500,000 USD in liquidity.
🪐 Arrakis
You can also provide liquidity to the Arrakis Uniswap V3 pool. The ratio is about 2/1 BANK/ETH. This pool is new, and only has a bit more than $6,000 in liquidity. In the future, you may be able to stake your BANK/ETH LP tokens within the protocol to earn additional rewards.
Get Plugged In
🧳 Job Opportunities
Get a job in crypto! Do you like solving hard problems, care about building more efficient markets for everybody, and want to work at the frontier of decentralized finance? Rook is looking for full time contributors, with salaries ranging from $169,000-$722,000. There are positions ranging from engineering, recruiting, product marketing, copywriting, and design. Sound interesting? Sign up for our referral program and go full-time DAO.
- DeFi Research Lead (Fully remote)
- DeFi Bot Wrangler (Fully remote)
- Blockchain Economist (Fully remote)
- Head of Research (Fully remote)
🙏Thanks to our Sponsor
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