Bankless

ROLLUP: Microsoft Buys Activision | OlympusDAO Has Fallen | LooksRare NFT | IreneDAO

13 snips
Jan 21, 2022
Delve into the drama of Microsoft’s epic acquisition of Activision and the fallout surrounding OlympusDAO's decline. Explore the burgeoning rivalry between NFT marketplaces LooksRare and OpenSea, focusing on their contrasting user strategies. The hosts dissect the ups and downs of Bitcoin and Ethereum prices while examining the impact of stablecoins like USDC. Listeners are also treated to insights on the evolving crypto culture, innovative financial tech, and the possibilities of digital identity in the metaverse.
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INSIGHT

USDC Flips Tether

  • USDC flipped Tether in market cap, now the leading stablecoin.
  • This demonstrates the advantage of cooperating with nation-states, as USDC did, versus Tether's more opaque approach.
INSIGHT

Uniswap V3 Fee Tier

  • Uniswap V3's rising stablecoin volume is partly due to its new 1 basis point fee tier.
  • Lower fees benefit consumers in the Uniswap vs. Curve "war."
INSIGHT

OlympusDAO Fall

  • OlympusDAO's OHM price crashed because its meme-driven staking culture reversed.
  • The price initially surged due to the "3,3" meme, but unsustainable paper gains led to selling.
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