Citizen Daily Brief

UNI Holders Hold Their Breath ($)

gm Bankless Citizen, while crypto prices stall, DeFi users are looking to get more value out of their governance tokens.
Feb 23, 20243 min read
UNI Holders Hold Their Breath
Published on Feb 23, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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Stark Reversal
  1. 🔄 StarkWare changes token unlocks. StarkWare adjusted its imminent insider token unlock plans following community backlash and will no longer unlock 13.4% of the total supply all at once in April.
  2. ☠️ Avalanche mainnet goes down. Avalanche mainnet (C-Chain) stopped producing blocks for several hours Friday morning but is now back online.
  3. 👜 Binance Wallet gets Inscriptions marketplace. Binance's web3 wallet is getting an Inscriptions market and ERC-404 token support.
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UNI Holders Hold Their Breath

📊 UNI euphoria. Amid a down day for broader crypto markets, one DeFi token has exploded! What catalyst has driven massive gains for UNI holders?

Prices as of 4pm ET 24hr 7d
Crypto $1.95T ↘ 1.7% ↗ 0.5%
BTC $50,978 ↘ 1.8% ↘ 1.8%
ETH $2,943 ↘ 2.1% ↗ 5.9%
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The Bankless Guide to Sei

Sei is a Layer 1 (L1) blockchain, built using the Cosmos SDK, focused on cheaply and quickly facilitating trading and other activities. 

Notably, in the first half of 2024, the Sei team plans to roll out the network's V2 upgrade, which will actualize the cryptoeconomy's first fully parallelized Ethereum Virtual Machine (EVM).

Dig into our latest Bankless Guide 👇


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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What’s Data Availability?

If you've been reading Bankless a lot lately, you've been seeing the acronym – DA. What’s Data Availability (DA), and what’s its business model?

In this episode, we welcomed Jon Charbonneau, a researcher-investor at DBA, and Neel Somani, the CEO of Eclipse. We unpack everything DA, from what it unlocks to its economics.

Bankless Citizens get Early Access to our Monday podcast 👇

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This Week's Yield Opps

🧑‍🌾 Farming Alpha: Ethena exploded onto the scene this week with high yields on its synthetic dollar stablecoin. Conic is tapping into Curve to provide depositors high yields on ETH and crvUSD deposits, while Umami continues to serve up nourishing yields on GM pools thanks to ARB token incentives. Fix yields on ezETH by purchasing PTs on Pendle to capitalize on speculation for staking airdrops or pick up some interest income on BTC by supplying it to Fraxlend!

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.