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A Magic Bullet for DeFi $

gm Bankless Citizens, welcome to your daily dose of crypto alpha.
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Nov 7, 20233 min read
A Magic Bullet for DeFi
Published on Nov 7, 2023
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Sponsor: Kraken — Sign up for an account and see what crypto can be.

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NEED TO KNOW
Fed Wants Stablecoin Rules
  1. 🪙 Fed wants stablecoin rules. The Fed's Michal Barr wants guidelines to help enable and regulate stablecoin innovation. Circle's CEO wants it to happen.
  2. 🐙 Kraken building L2? Kraken is reportedly in talks with Polygon and Matter Labs to build its own layer-2 network. Watch out, Base.
  3. 🙅‍♂️ SEC hiring struggles. The SEC admits it's struggling to hire crypto experts because of rules that require employees to divest.
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TODAY IN MARKETS
Cooling Demand

📈 Commodity Slump: Oil prices broke August lows and are down 4% amid concerns of slowing demand. Can crypto outperform if the economy continues to worsen?

Prices as of 4pm ET 24hr 7d
Crypto $1.34T ↗ 1.0% ↗ 4.7%
BTC $35,612 ↗ 1.8% ↗ 3.0%
ETH $1,895 ↗ 0.3% ↗ 4.8%
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ANALYSIS
A Magic Bullet for DeFi UX
Guest Contributor: Arjun Chand

Let’s face it: DeFi UX is broken.

Steep learning curves, long waiting times, and too many failed transactions make interacting with applications in DeFi a frustrating experience. But what if there was a design shift that could simplify this process? 

Read all of the free alpha on our website 👇


FRIEND & SPONSOR: KRAKEN

Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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LATEST PODCAST
Solana is Winning Right Now
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David sits down in person at Solana Breakpoint 2023 with Solana’s Founder, Anatoly Yakovenko, and Austin Federa, Solana Foundation’s Head of Strategy.

The three chat about Breakpoint’s Evolution, Solana vs. Ethereum, and exciting new releases and products coming out of Solana. 👇

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TAKE ACTION
What We're Doing

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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