Weekly Action Recap

Your action recap for the 1st week of March 2021
Mar 6, 20211 min read

Dear Bankless Nation,

Hey look ma we made it to Andrew Yang’s podcast! 🔥

This is one to send your crypto curious friends—lots of 101 content!


Meanwhile this wk…Paypal purchased a crypto custodial solution for $500M.

This is the the DeFi mullet thesis playing out. FinTech in front, DeFi in the back. Eventually every multi-billion dollar FinTech company will switch out their traditional banking infrastructure for crypto rails.

That’s exactly what they’re starting to do. According to The Block, Paypal is experimenting with Ethereum, smart contracts, and other blockchain technologies to help improve their payment processing and other functionality.

As Matt Hougan from Bitwise said in our conversation this weekthe banks have no idea what’s coming for them.

Maybe the banks will grow out their own mullets to compete.

Here’s what’s lined up for next week:

  • Our 1 year anniversary episode! Welcome to Bankless | 2021 Edition (early access)
  • Going to make the case for why SUSHI is worth over $100
  • 3LAU coming on SOTN! He just sold a $11.6m NFT! (biggest ever NFT sale)

Let’s get to the recap.


Recap for the week of March 1st, 2021


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


  1. Execute any good market opportunities you saw in Market Monday
  2. Earn bank off the funding rate 🔥
  3. Trade DeFi options like a pro
  4. Learn these token metrics to evaluate DeFi protocols 🔥
  5. Share your worst mistake in crypto

Watch & Listen

  1. 🎙️ Listen to Why DeFi is the future | Mark Cuban 🔥
  2. 📺 Watch SotN #36: DeFi crypto index for financial advisors | Matt Hougan
  3. 📺 Watch Rollup: 3LAU & Grimes NFT | Paypal Crypto | Citigroup Report
  4. 📺 Watch Meet the Nation: Liquity | Robert Lauko

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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