Ethereum Bonds | Weekly Recap

European Investment bank issues $100M+ in bonds on Ethereum.
May 1, 20212 min read

Dear Bankless Nation,

European Investment Bank (EIB) announced earlier this week that they’re issuing $121M in digital bonds on Ethereum.

This is the official lending arm of the European Union—a significant quasi government institution electing to distribute digital bonds to investors on Ethereum.

Institutions are starting to realize the benefit of Ethereum. They’re waking up to the the value of a global, open, internet-native settlement layer.

I say this the same week Visa announced that they’re going to move into crypto “in a very big way” and the PayPal CEO saidcrypto is the real deal”.

Meanwhile ETH is pushing to new ATHs every day.

I wonder what happens to ETH price when people learn that every time a bank like EIB or Visa or PayPal transact on Ethereum it increases the scarcity of ETH. 🤯


This last part is why I think ETH is the biggest risk-adjusted alpha in crypto right now.

If you want the models for ETH supply over the next decade you have to check out the  Modeling Ultra Sound Money 📺 episode we recorded with Justin Drake last week.

You’ll learn why:

  1. There will never be more than 120m ETH
  2. ETH supply will drop to 100m in 12 years
  3. ETH sell pressure is about to be reduced by 90%
  4. ETH staking APR is going to 25%

The world doesn’t know any of this yet…but you do. #neversell

Here’s what’s lined up for next week:

  • Monday’s podcast is one of our faves! Crypto is the next Renaissance
  • Slingshot is going to teach you how to trade like a pro (no gas fees)!
  • We’re doubling down on DAO content

Also it seems like the community in the #bankless-dao channel of our discord really want to launch a Bankless DAO.

I wonder what that would look like? 🤔


P.S. We’re loving the new Dharma app. Might be the best app for your friends to get into DeFi.

P.P.S. Congrats to 0x344…bb0d for winning 1 ETH from the raffle—it’ll be sent later today!

Recap for the week of April 26th, 2021


Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed


  1. Execute any good market opportunities you saw in Market Monday
  2. Learn how to take out a self-repaying loan
  3. Work for DeFi protocols (we give you 5 ways!)
  4. Explore how to manage DAO treasuries
  5. Share what age you started getting into crypto

Watch & Listen

  1. 🎙️ Listen to Governance and Capital with Joel Monegro
  2. 📺 Watch SotN #44: Modeling Ultra Sound Money with Justin Drake
  3. 📺 Watch AMA: Alchemix and Scoopy Trooples
  4. 📺 Watch ROLLUP: ETH ATH | Eminem NFT | Tesla Sells BTC

Weekly Subscriber Perks 🔥

Premium subs get access to perks like these:

Congrats to all Badge Week winners! Enjoy your prizes!

Launch your own raffle for Bankless Badge holders! Go ahead. We can’t stop you.

📺 Episode 43 of State of the Nation

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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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