1confirmation Newsletter - Issue #71
On November 18th, the trust-minimized stablecoin Dai got a big upgrade with Multi-Collateral Dai. This was an important milestone for the MakerDAO project because it helps maintaining Dai's stability with the Dai Savings Rate and enables the supply of Dai to scale with more collateral types backing the system.
A trust-minimized stablecoin is a core building block for an open, global financial system. If you haven't yet, see for yourself by borrowing Dai with ETH or BAT as collateral and then earning interest on that Dai by using the Dai Savings Rate, dYdX, or Compound.
Required reading this week
Returns of Hodling versus DeFi-ing — blog.zerion.io
DeFi applications have provided significant risk-return improvements for investors over the past year. Evgeny Yurtaev compares Compound money markets, Uniswap pools, and TokenSets against holding BTC and ETH.
A History Of Crypto Exchanges: A Look At Our Industry’s Most Powerful Institutions — blog.nomics.com
Exchanges are one of the clearest centers of gravity within the blockchain ecosystem. Nathaniel Whittemore and Clay Collins wrote a great history of crypto exchanges, from Bitcoin Market to Mt Gox to Coinbase to BitMEX.
The Ultimate Guide to ENS Names — medium.com
Eric Conner explains how to register a .eth domain, tie an Ethereum address to an ENS name, point your ENS name to an IPFS hosted website, create and manage subdomains, and sell subdomains on your own site.
Comparing Insurance Like Solutions in DeFi — docs.google.com
Hugh Karp compares insurance pools vs. prediction markets vs. financial derivatives for creating insurance for DeFi.
Comparing General Purpose zk-SNARKs — medium.com
Ronnald Mannak gives an overview and comparison of all the new zk-SNARKs like Fractal, Supersonic, and Halo.
The “Why”s of Optimistic Rollup — medium.com
John Adler explains the intuitions behind the design rationale of optimistic rollup and how it differs from other scaling solutions.
1confirmation portfolio reading this week
Ready for Liftoff: Token Sale Summary and Mainnet “Lina” Launch — medium.com
After a year and a half of development, Nervos launched its next-gen scalable blockchain on mainnet. Read more about the token distribution, how to set up a wallet, and lock CKB tokens in NervosDAO.
Our capital floor is now dynamic - Nexus Mutual — medium.com
Nexus Mutual explains its recent upgrade that dynamically adjusts the Minimum Capital Floor to increase capacity on each smart contract system, so members will be able to purchase more cover on the most popular smart contract systems.
Brave launches version 1.0 of its privacy-focused browser — techcrunch.com
Brave finally releases the full version of its browser that blocks ads by default and allows users to opt-in and get paid in BAT for viewing ads.
Bringing on additional strategic investors to OpenSea — opensea.io
OpenSea announces a new $2.1M funding round with participation from 1confirmation, Blockchain Capital, Animoca Brands, Gumi Crypto, and others.
Prediction markets are coming to Cheeze Wizards! — medium.com
Cheeze Wizards is an NFT-based game from the makers of CryptoKitties. Prediction markets will allow you to bet ETH on outcomes of dueling and mold events in the tournament.