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TLDR Crypto 2022-07-11

Crypto's $1T opportunity πŸͺ™, Tokenomics checklist for investing βœ…, modular blockchains ⛓️

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Markets & Business

Binance Volume Surges After Zero Trading Fee Policy Goes Live (1 minute read)

Binance trading volume spiked after its global zero trading fee policy went live. It was the highest daily volume since March 2020. The surge was likely due to people trying to gain VIP tiers through high trading volumes. Binance will exclude BTC trading from VIP calculations so users have no incentive to wash trade.

Tether Says It Liquidated a Bitcoin Loan Made to Crypto Lender Celsius (3 minute read)

Tether has liquidated a Bitcoin loan made to Celsius. The loan was overcollateralized and it was liquidated with no loss to Tether. Celsius received the remaining part of its collateral as per its agreement with Tether. Tether said last month that it had no exposure to Celsius apart from a small investment.
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Innovation & Launches

Announcing the public release of sudoAMM (1 minute read)

sudoAMM is a new marketplace protocol from sudoswap for NFT trading. It is highly flexible, gas-efficient, and fully on-chain. Users can create pools that gradually buy or sell NFTs along price curves, provide liquidity to these pools to earn fees, and directly list NFTs at fixed prices. The platform only takes a 0.5% fee. It plans to release support for ERC1155, ERC20 token routing, more novel bonding curves, and more AMM management infrastructure.

A closer look into the GHO proposal (1 minute read)

GHO is a new stablecoin from Aave that is decentralized, over-collateralized, multi-collateral, and USD-pegged. It can be minted against Aave users' interest-bearing collateral provided to the protocol. Fees earned from GHO will help Aave's DAO create a constant revenue stream that can be used for further ecosystem development. stkAAVE holders will be able to borrow GHO at a discounted rate set by AaveDAO. More details about the stablecoin are available in the thread.
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Guides & Resources

100 questions you should ask yourself when analyzing tokenomics (6 minute read)

This Twitter thread presents 100 questions to ask when analyzing tokenomics. The questions are designed to help people make better long-term investments in the crypto market. They cover token launches, supply, demand, token utility, and past performance.

Modular Blockchains: A Deep Dive (9 minute read)

This article discusses blockchain architecture, the limitations blockchains face, and modular blockchains. The decentralized web is evolving from monolithic blockchains and siloed consensus layers into modular, application-specific chains with shared consensus layers. There has been some pushback on modular blockchains due to security concerns. Modular blockchains will result in more scalable, composable, and decentralized systems.
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Miscellaneous

Crypto's Third Trillion Dollar Opportunity (10 minute read)

Stablecoins grew from less than $1 billion in circulation at the peak of the 2017 cycle to $180 billion at the peak of the most recent cycle. USDC is a stablecoin by Circle, a company founded by Jeremy Allaire. The coin is so popular that it is reaching new market cap all-time highs while everything else is down. This article talks about USDC, what makes it unique, how it compares to other stablecoins, market opportunities for USDC, and more.

Cash Flow protocols: Deep down the hard money rabbit hole (9 minute read)

There is a fair consensus within the crypto community that tokens need to evolve from pure governance tokens to value accrual tokens. This article discusses cashflow protocols that redistribute part of the money generated from the protocol to token holders in major tokens. This model provides holders with cash flow, which allows holders to choose whether to reinvest or diversify to other assets.
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Quick Links

The Many Faces of BTC (4 minute read)

This Twitter thread looks at the many different use cases for Bitcoin and presents counter arguments for them.

Here’s some background on how exchanges typically operate hot wallets (1 minute read)

A lack of understanding of how hot wallets work leads to frequent mischaracterizations of on-chain data.

The Layer-1 Chain Rotation Thesis: A Retrospective Analysis (16 minute read)

This article looks at the reflexive nature of capital rotation games and the largely unsustainable growth strategies employed by blockchain projects in 2021.

ELI5: The argument for why Solana will eventually become a rollup on Ethereum (4 minute read)

This Twitter thread presents a framework for understanding why most monolithic blockchains are likely to end up transitioning to rollups.

The real unlock for tokens will be how we combine them (3 minute read)

This Twitter thread provides seven use cases for combinations of different types of tokens.

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TLDR Media, LLC
515 W 18th St. Unit 621
New York, NY, 10011