Citizen Daily Brief

Fantom Comeback? ($)

gm Bankless Citizen, it was a down week for crypto, but Fantom is riding new hype.
Mar 22, 20243 min read
Fantom Comeback?
Published on Mar 22, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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Worst Over for GBTC?
  1. 👨‍⚖️ Grayscale outflows overwhelm. Nearly $2B in GBTC outflows powered a rough week of net ETF outflows, but analysts say the worst is over.
  2. 🟠 BTC 'overwhelmingly' top priority. BlackRock's crypto chief said on CNBC that clients had very little interest in assets beyond BTC and ETH.
  3. 🪳 Gary wants to disinfect crypto. In a speech aiming to justify his failing war against crypto, SEC Chair Gensler said "crypto markets could use a little disinfectant."
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Fantom's Revenge

📊 Fantom outpaces market. There’s always a bull market somewhere in crypto and this month, Fantom network (FTM) has stood apart from other smart contact platforms thanks to a significant price increase! What development is driving outsized FTM gains?

Prices as of 5pm ET 24hr 7d
Crypto $2.44T ↘ 1.8% ↘ 5.4%
BTC $63,151 ↘ 3.4% ↘ 7.4%
ETH $3,301 ↘ 5.1% ↘ 9.5%
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Spark: Maker's Rising DeFi Star
Bankless Author: William Peaster

Earlier this week, we unpacked the latest plans for Maker's ambitious Endgame roadmap. Right now, Spark, a DAI lending protocol, is particularly interesting because:

  1. Its total value locked tripled to +$3B over the past six months, indicating real traction and momentum.
  2. It’s a core pillar of the Maker Endgame plan, which, in my opinion, is the most ambitious DeFi evolution in the works today.

Let's unpack what Spark is up to 👇


Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

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Drop an NFT with Frames
Bankless Author: William Peaster

What's the best way to release an NFT right now?

In my opinion, it’s through Farcaster Frames. In combination with apps like Warpcast and Zora, a Frame lets you drop an NFT that people can collect for free, with no wallet transactions, in just one click. Making it so easy to collect makes it so easy to reach more collectors.

If you’re interested in taking this flow for a spin yourself, I’ve prepped a walkthrough to show you how to get started 👇 👇

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This Week's Yield Opps

🧑‍🌾 Farming Alpha: Pendle is offering insane APYs on ezETH and USDe products thanks to financial speculation on the points these assets are generating. Demand for leverage is reflected in the high yields of lending protocols like Fraxlend, Extra, and Aave. Rates on Base have risen to mirror the increase in transaction activity, with the chain proving fertile ground for yield opportunities.

Top Opps:

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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