We should be talking about Peace, but…
Contents:
- 🕊️ We should be talking about Peace, but…
- 👀 Under the Radar
- 🔬 Research Site of the week
- 📰 ICYMI
- 🙏🏻 Grateful for…
- 💸 Coupons
🕊️ We should be talking about Peace, but…
There is no surprise that Putin has been on Ukraine’s neck for the past few weeks. And he did not mobilize 200,000 troops for no reason, while the entire world just hoped for the best.
A bit of history… Russian’s civilization started in Kyiv in medieval times when Moscow was not very well known. Since then, Ukraine has been part of several empires and has been through very tough eras, including during Stalin’s power, leader who governed the Soviet Union from 1922 until his death in 1953 and attempted to starve Ukrainians to death.
In 1991 Ukraine became an independent state after the Soviet Union collapsed, but its ties to Russia have always been strong. Most Ukrainians have relatives in Russia, their language is similar but not the same (like Spanish and Portuguese), certain Ukrainian leaders have been Pro-Russia, and there a lot of Russians living in Ukraine.
In 2014, a Western-backed government that featured some strident Ukrainian nationalists, was put in power. As a countermeasure, Russia annexed the Crimean peninsula, where ethnic Russians were the majority. And backed militants in two eastern provinces who set up breakaway states of their own. There has been peace agreements that have failed, confrontations leading to thousands of casualties and millions of citizens displaced during the process.
“Now it seems that Putin has decided to move European border lines using brutal force.”
This decision means that Putin is prepared to face the financial sanctions that he has been threatened with. Due to their oil reserves and significant role in the Energy markets, Russia will benefit enormously financially from this war. Allegedly, Russia also has large Gold and Foreign currency reserves (Source).
Some of the sanctions as per today are: Removal of Rusia from the swift system (to be confirmed) restrict Sherbank from transactions made in US dollars while also limiting Moscow’s ability to import “sensitive technology, primarily targeting the Russian defense, aviation, and maritime sectors”, the White House said.
The world dependency on oil has made dictators like Putin more powerful. The world is desperate for alternatives, especially financial alternatives.
Alternative currencies like Crypto provide a hedge against dictators. We must learn how to utilize them properly before is too late. We must learn and teach those that are not aware about these alternatives. They do not have to use them or participate if not desired, but everyone should be aware of the alternatives and the opportunities and risks they provide. DeFi and other protocols built on top of blockchains add layers to this financial technology giving us the opportunity to maximize our capital and our financial freedom.
Bitcoin Magazine @BitcoinMagazine
https://twitter.com/BitcoinMagazine/status/1496915836409466880
https://twitter.com/BitcoinMagazine/status/1496915836409466880
We need to exercise our freedom. Nation-States are learning the hard way by losing control, institutions are moving extremely fast into blockchain protocols as they know they were late to the party. War should not be our alarm to wake up and get involved, but unfortunately it is now.
👀 Under the Radar
- Notional — Decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date.
- TrueFi — Decentralized protocol for un-collateralized on-chain lending. The aim is for TrueFi to become the ultimate market-driven, automated credit rating and lending system, freeing money to move wherever it creates the most value instantly.
- QuickSwap — Permissionless decentralized exchange (DEX) based on Ethereum, powered by Polygon’s Layer 2 scalability infrastructure. By utilizing Layer 2 for transactions, QuickSwap users will be able to trade any ERC20 asset at lightning-fast speeds with near-zero gas costs.
- Tranche is a decentralized protocol for managing risk and maximizing returns. The protocol integrates with any interest accrual token, such as Compound’s cTokens and AAVE’s aTokens, to create two new interest-bearing instruments, one with a fixed-rate, Tranche A, and one with a variable rate, Tranche B.
- Convex Finance — Convex Finance allows Curve.fi liquidity providers to earn trading fees and claim boosted CRV without locking CRV. Liquidity providers can receive boosted CRV and liquidity mining rewards with minimal effort.
🔬 Research Site of the week
PoolGenie — Decision helping platform that allows liquidity providers to obtain accurate information on the Liquidity, Volume, Fees and Impermanent Loss of Automated Market Makers (AMM) liquidity pairs.
Today’s Best DeFi Pairs:
- COMP/USDC scoring 1.2922e+6% net ROI APY on Uniswap V2
- ALPHA/ETH scoring 2.2962e+5% net ROI APY on Sushiswap
- ETH/REEF scoring 1.2061e+5% net ROI APY on Sushiswap
Today’s Worst DeFi Pairs:
📰 ICYMI
- Biden imposes sanctions on Rusia, Bitcoin jumps
- CryptoPunks ‘have changed the history of art,’ says panel at Sotheby’s auction
- In Russian sanctions, the West can’t bring itself to touch SWIFT
- High-profile athletes are spending huge amounts on NFTs
- Ethereum ($ETH) Price Dropping Below $2,100 Could Lead to $500 Million Liquidation
- Coinbase Self-Custody App Adds Support to Hardware Wallet With Over Four Million Users
- Brazil Took Initiative To Legalize Local Crypto Market
- Bitcoin’s Plunge on Ukraine Invasion Undermines Status as ‘Digital Gold’
- Apple store gunman who demanded $220M crypto ransom dies by cop car
- Aligned Raises $34M To Grow DeFi and Web3 Infrastructure
