Superfluid staking sounds AWESOME!
PLUS — ELI5: what’s a market maker? & Reclaiming your privacy in the surveillance age!
New to crypto? Cryptocurrency Basics is a 9 minute video that serves as a great intro to the world of crypto. It’s part of our Crypto and Web3 for Absolute Beginners course.
If a salary is the drug they give you to forget your dreams, as Kevin O’leary asserts, then is your staking income the dream that makes you forget your salary? Imagine staking $2m with 20% APY… ah yes… that is the dream.
In this issue:
NITRO! (3 can’t-miss things)
Superfluid staking sounds AWESOME!
ELI5: what’s a market maker?
How to reclaim your privacy in the surveillance age
Jasper is my writing tool of choice. If you want to harness artificial intelligence to make it fast and easy to create content for your blog, social media, website, emails and more then check Jasper out here!
NITRO!
Cool: Music NFT landscape
News: Dogecoin community donates $53K to Ukraine as country hints at upcoming airdrop
Superfluid staking sounds AWESOME!
If you didn’t know: DEXes and Proof-of-Stake blockchains fight for the same resources, but with the new feature native to the Osmosis zone on Cosmos, users may use their tokens for staking as well as liquidity providing (LP).
In lay terms: there’s a new way to earn dual incomes!
You can read this article for a more in-depth take but here’s the meat:
LPs who bond/lock their assets in an Osmosis liquidity pool can accrue fees and liquidity mining incentives for facilitating trading in the pool. But now, thanks to the new feature, the story doesn’t end there–LPs can choose to stake their bonded LP shares with a validator and earn a portion of the Osmosis staking APR on top of the APR they would accrue by simply bonding their LP shares in a liquidity pool.
Nice!
ELI5: what’s a market maker?
Automated Market Makers (AMMs) are all the rage right now in the crypto world. Milk Road strikes again with a great explanation of market makers (explained on a level a child could understand):
A market maker is a helpful middleman.
Imagine going to a flea market, but there's nobody there to sell you
anything. Or if you were a seller, but no buyers walked by?That's why market makers exist. They are BOTH a buyer and seller for
an asset. This adds "liquidity" to the market because they are always
there as a willing buyer and seller (with a slight price difference
between buy & sell - that's their cut).
How to reclaim your privacy in the surveillance age
I recently came across an article I first saw a couple of years ago which I want to share now because it’s just as relevant (and scary, and cool)) now. Can’t remember who tweeted about getting swatted (again) recently but someone linked this article in response. It’s written by a cypherpunk (which, if you didn’t know, cypherpunks had a lot to do with early crypto adoption).
The article doesn’t have all that much to do with crypto (it is mentioned here and there) but it will blow your mind. I promise. If you care about privacy at all… or… if you just want to pretend that you’re living Enemy of the State IRL.
Honestly, almost none of us will ever implement any of the measures suggested in this article… but it’s the kind of info that’s just kind of fun to know about. Am I right?
See you next time (and don’t forget to check out Jasper — if you like it (I love it!) and signup using my link it helps support this podcast since, ya know, we don’t shove sponsors in your face like other newsletters)!