• Thursday

  Apr 28, 2022

  • Mortgage/lending.
    • https://www.figure.com/
    • Crypto-backed loans have APRs from 6-8%. Can get up to a million (with how much collateral, what LTV?), and no need for credit check.
    • Home loans come in many options up to 30yr fixed. Can get in as few as 5 days. Can get up to 400k.
    • Personal loans can land in ~1 day, up to 50k.
  • Rift.
    • https://rift.finance/. 
    • Primary doc: https://docs.rift.finance/protocol-overview/how-it-works.
    • DAOs deposit their tokens into Rift vaults. Liquidity providers deposit eth into those vaults. These are matched and added to DEXes. The liquidity providers get 100% of the rewards, while only provided 50% of the liquidity (so they get 2x what they would have gotten if they’d gone straight to a DEX and provided liquidity). DAOs get twice the liquidity. They can withdraw at any time.
  • Gem is an NFT marketplace aggregator. Opensea just bought it.
  • Remember tornado for private eth transactions: https://tornado.cash/.
  • Alice: one stop shop for all personal finance needs.
    • Mobile app, payment services, DeFi access, passive yield savings account. They’ll have a debit card too.
    • Runs on terra. Does everything with UST stablecoin under the hood. https://www.loop.markets/alice-next-generation-of-personal-finance-on-the-terra-blockchain/ 
    • Uses anchor behind the scenes as well, generating passive yield @ 20% like everything else.
    • They’re targeting the layperson, not the defi or crypto expert.
  • Class action against uniswap: https://www.theblockcrypto.com/news+/143661/a-class-action-lawsuit-against-uniswap-spotlights-gaps-in-defi-regulation. Basically says that if they had registered with the SEC and had more regulation, users would be better protected against fraudulent activity.
  • TSLA dropped 12% from the elon twitter news of deal closure, and twitter fell as well. Google missed earnings (youtube lost a lot of attention to tiktok). MSFT beat. Robinhood laying off 9% of its workforce.
  • Remember by default, yarn will install your dev deps. Need to add –prod or NODE_ENV=production or the other variants to exclude dev deps.
  • Moonpay isn’t the only company for fiat onboarding, obviously. I’ve used Transak before.
    • 1inch just added transak to their wallet: https://blog.1inch.io/transak-fiat-on-ramp-provider-is-integrated-into-the-1inch-wallet-19934e710506.
  • Recent hacks and categorization.
    • Ronin. A custom/expert. Found a design flaw that wasn’t reverted, got a validator.
    • Scams. User phishing. Discord. NFTs. “send your keys for help”
    • Rugs. General.
    • Bridge. Wormhole.
    • Governance attacks. Beanstalk. Flash loan.
    • Market manipulation. Driving oracles. This happened with cream.finance.
    • Qubit. Unlimited minting.