Nobody expects Yearn on Polygon
Tesseract is the first project hatched from YFI Combinator, our newest early-stage incubator. It leverages the expertise amassed at Yearn to bring the best yields to a wider audience.
There it is! Bloomberg's data team in the process of adding the ProShares Bitcoin Strategy ETF to the terminal. Ticker will be $BITO. 95 bps -- less than half $GBTC's 2% fee. This thing is going live next week. Either Monday or Tuesday.
JUST IN: Bitcoin futures ETFs said not to face any opposition at SEC, according to multiple sources confirming this (aside, I’m hearing same thing). Pretty much done deal. Expect launches next week. Nice late night story from @kgreifeld@VildanaHajric@benbain
What kind of scum launches DDoS attacks on public IPFS gateways? Seriously? Got a problem with distributed file storage? So aggravating. These attacks end up costing the server owners a fortune, but what does the attacker get from it?
1/ Crypto is exciting and amazing for many reasons but it is revolutionary for exactly one reason: it gives people absolute freedom to create, own, and control their personal digital assets. Pause here.
Your bank offers 0.2% APY but BlockFi offers 8%. Are high yields in crypto for real?
The answer is yes AND no.
Here’s my review of 6 types of yields in crypto, ranked from most Ponzi 🤡 🤡 🤡 🤡 🤡 to most durable 🏰 🏰 🏰 🏰 🏰.
1) I've only been in crypto for 3 years, and out of college for 6, so feel free to ignore this "built up wisdom".
But I think it's hard to think well about the role VCs play. I know I've fucked it up before!
So here are my war stories and takeaways.