TLDR Crypto Daily Update 2022-08-01

Bitcoin Valley 🪙, how to do crypto research 💡, web3 dev study plan 👨‍💻

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Markets & Business

‘Bitcoin Valley’ Hub Launches In Honduras (2 minute read)

The tourist town of Santa Lucia, Honduras, has launched a bitcoin hub that aims to increase the flow of tourists by accepting bitcoin in local shops. Guatemalan cryptocurrency exchange Coincaex will provide merchants with the means to accept bitcoin as payment. It will convert bitcoin to the local fiat currency for the merchant at point of sale to ease out volatility. The initiative includes fostering local education on Bitcoin and cryptocurrency.

Vitalik: Metaverse ‘Is Going to Happen’ but Meta’s ‘Will Misfire’ (3 minute read)

Vitalik Buterin has discussed his thoughts on how the metaverse might look in a Twitter thread. He says that people really don't know what the metaverse is yet and what they will want from it, so many corporate projects currently underway will likely not go anywhere. Buterin specifically criticized Meta, saying that anything they create will misfire. He believes that the metaverse will happen as an inevitable step in the progression of today's technology.
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Innovation & Launches

Civic Adds Verification Platform to Battle Bots and Scams (4 minute read)

Civic, a web3 identity and reputation company, has launched a tool called uniqueness verification and a new platform called Civic.me. Uniqueness verification is a service that limits the number of wallets an account can use for NFT drops. It relies on an invisible and non-transferable token called Civic Pass that is issued to users' wallets. Users are verified through a video selfie system. They can then manage their online identities through Civic.me.

Aave DAO Approves Creating GHO Stablecoin (2 minute read)

Aave DAO voters have approved the creation of the GHO stablecoin. The proposal was backed by 99.9% of voters. GHO will be a stablecoin backed by collateral consisting of other cryptocurrencies. It will be overcollateralized, and Aave will charge interest on loans taken out with GHO. GHO will be burned when loans are repaid. Aave DAO will soon vote on the genesis parameters for the stablecoin.
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Guides & Resources

Here are 5 $ETH plays to get exposure to the merge (4 minute read)

This Twitter thread looks at five ways to gain exposure to the Merge. They include investing in Ethereum, Polygon, Uniswap, Lido Finance, and Ethereum Classic. The thread discusses how each of these projects will likely benefit from the Merge. While there are risks to trading on these narratives, a successful Merge is bullish for the Ethereum ecosystem as Proof-of-Stake will open up many new possibilities.

Doing your own research is the most powerful Edge in Crypto (5 minute read)

This Twitter thread presents an in-depth guide on how to do your own research in crypto. It delivers a framework for research that covers technical understanding, profit skills, crypto skills, and areas outside of crypto. The thread also discusses how to evaluate sources and protocols and gives advice on how to best structure your study.
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Miscellaneous

On-chain voting opens seven new types of governance (3 minute read)

On-chain governance allows for different winners to emerge from the same contest based on new metrics. It makes it possible to see who voted for what, so users can form communities through decision making. Voting power can be increased or decreased based on contribution or the timing of the vote, and voters can be rewarded for their participation. Decisions made through on-chain governance can be executed automatically through smart contracts.

Condensed Guide for Learning Web3 Development in 100 Days (4 minute read)

This article presents a list of exercises and projects for learning web3 development in 100 days. The list is a result of an experiment in learning web3. It includes notes and advice on the development journey.

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Introducing Spellbook (3 minute read)

Spellbook is a new shared foundation for crypto analytics.

Dragonfly Capital leads $3.6 million seed round for Debt DAO (1 minute read)

Debt DAO provides revenue-based financing for cryptonative entities.

How do Vitalik Buterin's theoretical estimates for fixed and variable gas costs of rollups compare to the actual costs? (3 minute read)

Vitalik Buterin's estimates for optimistic rollups were much lower than actual costs, but his estimates for zk rollups were close.

Introducing Lens.js (1 minute read)

Lens.js is a JavaScript SDK and API wrapper for Lens Protocol that allows developers to create any kind of social media app quickly and easily.

Babel Finance Lost $280M Trading Customer Funds (1 minute read)

Babel Finance lost around 8,000 bitcoin and 56,000 ether in June due to forced liquidations.

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