Introducing the Bankless Token Hub

Check out the tokens we’re bullish on after ETH’s big upgrade
Apr 13, 20234 min read

Dear Bankless Nation,

ETH withdrawals are finally live! ETH is pumping in Shapella's aftermath, and plenty of holders are wondering what this all means for their favorite tokens.

Bankless has some opinions 👀

Today, we launch our newest product– Token Hub! In it, we share our evolving thoughts on some of the most interesting and buzzy tokens in the crypto ecosystem. Bankless Citizens can dial in to see whether we're bullish or bearish on a token and – more importantly – how we landed on that stance. We've updated the guide with plenty of thoughts on potential post-Shapella winners.

- Bankless team

The crypto markets are crazy. There are minefields everywhere, with stomach-churning volatility, scams and rug-pulls. There’s also an overwhelming, 24/7 information firehose.

Keeping tabs on the market requires familiarity with a variety of different sectors including L1s, L2s, DeFi, and NFTs. Frankly, it's a lot to keep up with.

But, don't worry. Bankless is here to help.

We have been studying and investing in the crypto markets since 2017, and we were early to industry-changing themes such as the rise of Ethereum, DeFi, NFTs and Layer 2s.

All of our research and experience has led us to creating a one-stop-shop for alpha: Token Hub 🎉

The Token Hub is a new product offering for Bankless Citizens only, where we provide you with alpha, research, and takes on the hottest tokens in crypto. We’re your degen analyst-team-in-a-box – tracking the industry's intricacies on your behalf.

The Token Hub has a variety of  features to help you on your journey including:

🪙 Token Ratings

Token Ratings are where our analyst team shares alpha, research, and outlook on how they think crypto’s hottest tokens will perform relative to ETH.

Our rating scale is as follows:

  • 🟢 Bullish - We believe this token will outperform ETH
  • 🟡 Neutral - We believe this token will perform in line with ETH
  • 🔴 Bearish - We believe this token will underperform ETH

Here’s a preview of what you’ll be getting with the Token Hub.

🚨 None of the information in Token Hub is financial advice. All of it is for educational purposes only. Please, do your own research. 🚨

StakeWise (SWISE)

Author: Ben Giove

  • Risk Rating: High
  • Sector: Liquid Staking
  • Current FDV: $153.4M

We are reiterating our Bullish rating on SWISE.

Catalyst Overview:

StakeWise is being assigned this rating due to the Shapella upgrade and launch of StakeWise V3.

Ethereum’s Shapella upgrade will fully de-risk staking by enabling withdrawals, and is set to catalyze a boom in liquid staking as a result. StakeWise is currently the fifth-largest liquid staking provider, with 1.3% market share within the sector and accounts for 0.4% of all Beacon Chain deposits. While it currently utilizes a two-token model with permissioned validation, in the coming months StakeWise is set to launch V3, which will enable permissionless validation through the use of isolated vaults (similar to Uniswap or Fuse pools).

Potential Price Impact:

Shapella and the launch of V3 are poised to lead to significant growth in StakeWise’s market share and revenues, with the decentralization and customizability of the protocol likely to attract both stakers and validators alike. In addition, the value created by V3 should more easily accrue to tokenholders, as a proposed tokenomics upgrade supported by the core team will allow SWISE holders to earn a share of commissions from an individual vault in exchange for staking their tokens as slashing insurance.

🗳️ Ratings Upvoting & Downvoting

We’re not the only ones with takes on the market, we know you have opinions on the tokens we cover too.

Whether you agree or disagree with our calls, you can share your point of view with our upvoting and downvoting feature, where you can vote on whether you are bullish, bearish, or neutral on the tokens we cover.

💰 Bankless Bags

We don’t just make market calls, we put our money where our mouth is through Bankless Bags.

Bankless Bags is our internal investment club, where we put skin in the game for our ratings by taking positions in what we feel are our highest conviction, highest upside ‘Bullish’ tokens (Yes, we also dabble in some NFT degeneracy too).

If the Token Ratings gives you the alpha, Bankless Bags shows you how we are executing on it (while providing some entertainment value along the way). All of our positions and wallet addresses are disclosed and visible on-chain.

We also document and share our real-time thoughts on the market, portfolio composition and projects we’re researching with Bankless Citizens through our trading journal.

🦍 Ben’s Degen Pit and Alpha Calls

Crypto is much easier on multiplayer than single-player, and Ben’s Degen Pit is your alpha group.

The best (In my totally unbiased opinion) channel in our Bankless Nation Discord server, Ben’s Degen Pit, is where you can ask questions, learn, and share alpha with fellow Citizens.

You’ll also be able to access our analyst team there 24/7; we’re always on.

We also provide additional content for degens in the Bankless Nation Server with our weekly Alpha Calls, where the team shares our thoughts and debates hot issues and opportunities we are eyeing.

There's plenty to explore with Token Hub, so what are you waiting for?

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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