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Citizen Daily Brief

The ETH vs. SOL Debate ($)

gm Bankless Citizen, oh boy, this is a spicy one. Citizens get early access to our Solana versus Ethereum debate. You don't want to miss this one.
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May 31, 20244 min read
The ETH vs. SOL Debate
Published on May 31, 2024
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Sponsor: ORAORA is Ethereum’s Trustless AI, bringing Onchain AI to life.

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NEED TO KNOW
Massive Bitcoin Theft
  1. 🥷 More than $300M in BTC Stolen from DMM Bitcoin. One of crypto's biggest hacks ever.
    Read more on Bankless.com
  2. ⛏️ Tether Enters $150M Deal with Crypto Miner Bitdeer. The BTC mining space is consolidating and the biggest players are picking winners.
    Read more on Bankless.com
  3. 🎮 Arbitrum DAO's Massive Gaming Bet Heading for Approval. Is $250M in stimulus for crypto games what Arbitrum needs?
    Read more on Bankless.com
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TODAY IN MARKETS
PolitiFi Pops Off
Bankless Author: Jack Inabinet

📊 Liquid Election. Trump was convicted on 34 felony counts yesterday in a saga very much unrelated to crypto, yet one that still managed to trigger rampant activity within crypto’s burgeoning PolitiFi token scene. Why is this sector destined to continue providing lucrative trade opportunities and abundant volatility in the coming months?

Prices as of 5pm ET 24hr 7d
Crypto $2.53T ↘ 0.3% ↘ 1.2%
BTC $67,560 ↘ 1.3% ↘ 1.9%
ETH $3,781 ↗ 0.8% ↗ 1.2%
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ANALYSIS
Hunt These Sui Airdrops
Bankless Author: Jack Inabinet & David C.

Bankless has been strategizing over airdrops since airdrops first became a thing, but to make qualifying for crypto’s hottest airdrops easier than ever for our subscribers, we created the Airdrop Hunter!

This week, we published our 100th airdrop guide! 🥳

In celebration of this milestone, we’re detailing our five favorite airdrop candidates from the Sui ecosystem, the second-fastest growing alt-L1 chain measured by TVL over the past month.

Each of these opportunities has been hand-picked by the Bankless analyst team as a strong potential airdrop candidate, meaning interacting with any of the listed applications could yield significant rewards in the near future…

Let's dig into the protocols we're watching👇


FRIEND & SPONSOR: ORA

ORA is Ethereum's Trustless AI. ORA's Onchain AI Oracle brings Llama 3, Stable Diffusion, and OpenLM models onchain. You can start to earn ORA Points for using onchain AI at ora.io/app/tasks. Follow @ORAProtocol on X for the latest Onchain AI updates, hackathons, and rewards.

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EARLY ACCESS
ETH vs. SOL

Ethereum vs. Solana. That’s the debate we’re having today.

On Ethereum’s side we have researcher Justin Drake, and on Solana’s we have founder Anatoly Yakovenko. They give us the good, the bad, and the ugly of each other’s blockchain, settling their endgame towards the end of the episode. 

Bankless Citizens get Early Access to the Monday Podcast and an exclusive Debrief unpacking the conversation 👇

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INVEST
This Week's Yield Opps

🧑‍🌾 Farming Alpha: Confirmation of inevitable spot ETH ETF approval early last week has allowed some onchain yields to tick up slightly thanks to increasing demand for leverage!

Pendle’s latest Karak asset integrations are providing boosted returns on the underlying at highly attractive fixed yields. Synthetix rewards continue to offer lucrative variable returns for depositors to the Base V3 liquidity pool, meanwhile DAI lenders can earn healthy yields by lending against Ethena assets through Morpho. As per usual, Fraxlend remains the premier venue to generate variable rate bluechip returns on BTC.

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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