
Bankless ROLLUP: (Mark Cuban Titan, Metamask Institutional, Alchemix alETH, BTC Lightning)
Jun 18, 2021
Explore the current turbulence in Bitcoin as it struggles to maintain momentum above $40,000. Discover Ethereum's impressive growth in smart contracts and the rise of the Index Co-op in the DeFi landscape. Tune in for insights on Bitcoin's rebirth through the Lightning Network and the potential integration with Twitter. New advancements from MetaMask and Alchemix highlight the innovative future of decentralized finance, coupling fresh liquidity solutions with an engaging community spirit.
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Episode notes
Lightning Network Rant
- Ryan Sean Adams expresses frustration over Lightning Network's slow adoption despite years of hype.
- He questions its efficacy compared to DeFi and suggests evaluating alternative solutions.
Uniswap Fee Accrual Shift
- Uniswap's lowest fee tier surpassing higher tiers suggests a potential commoditization of liquidity pools.
- This could impact AMM token value accrual, shifting focus from revenue capture to governance control.
alETH Launch and Hiccup
- Alchemix released alETH, enabling users to borrow ETH against deposited ETH, with loans repaid via yield.
- A bug allowing collateral withdrawal before debt repayment caused a temporary pause, but funds are safe.
