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Dear Crypto Natives,
This week we learned how to start earning 7.5% in a DAI savings account. Then we learned why DAI interest rates are likely to keep rising.
(DAI is the stablecoin maintained by MakerDAO).
But maybe you believe DeFi protocols will win and you want something with higher upside. Ok, which DeFi tokens are worth buying? SNX look great at a PE of 6 but is it?
Best level ups happened in the Inner Circle this week—full subscribers get access!
-RSA
📝 Friday Open Thread: what was your biggest mistake in crypto?
- DeFiDad missed his chance to earn BTC with cookies in 2012
- Foobazzler put money in dubious coins at the tippy top
- This guy missed getting 2000 BTC in 2010
Still time to add yours. And check back next Friday 10am EST for a new open thread!
Recap for the week of February 9th, 2020
SCHEDULE RECAP:
- (Market Monday) The Great Protocol Sink - capture
- (Tactic Tuesday) How to get a DAI saving account - implement
- (Writers Wednesday) Are DeFi Tokens Worth Buying? - consider
- (Thursday Thought) Rise of the Cryptodollar - calibrate
- (Friday Open Thread) What was your biggest mistake in crypto? - collaborate
ACTIONS RECAP:
- Execute any good market opportunities you saw in Market Monday
- Complete weekly assignment: send DAI on a timer using Gelato
- Convert some USD and setup a DAI Savings Account
- Consider: are DeFi tokens worth buying?
- Calibrate: what sets the cryptodollar interest rate?
- Collaborate: tell us—what was your biggest crypto mistake?
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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.
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