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| "Instead of looking at the past, I put myself ahead 20 years and try to look at what I need to do now in order to get there then." - Diana Ross |
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| Howdy, investors!
- As a stablecoin, Tether is great for avoiding volatility and capturing yield. Today, we're updating our recommendations for the best places to hold USDT for yield.
- We're seeing a renaissance of Real-World Assets (RWAs), with existing and new products gaining popularity in 2024.
- The newest approach to blockchain design is modular blockchains, which promise to improve scalability, user experience, and much more, finally bringing crypto to the masses.
- Why were certain dApps, such as Uniswap, dYdX, and Lido, successful compared to others? Understanding the reasons can help us find the next winning project.
Read on to explore more! |
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| This Week’s USDT Interest Rates: Best Yields for Tether Lending and Staking by Preetam Kaushik |
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| Imagine if you could enjoy all the benefits of holding USDT—stability, store of value, lower volatility, and cheap exchanges—and capture yields that exceed 10%.
There's great news—you can!
Tether, also called USDT, is by far the largest stablecoin by market cap. It's responsible for literally millions of monthly transactions.
Rather than settling for a paltry 0.5% interest rate on fiat currencies held in banks, you can take advantage of the huge demand from Tether borrowers to turbo-charge your yields on USDT held and loaned out.
Check out our piece today on USDT interest rates and where to capture them. |
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| Premium Power-Ups Level up your crypto investing game.
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New Risk Scorecard: Bittensor (TAO) |
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| Bittensor is a decentralized machine learning protocol aiming to democratize access to AI models and training resources while fostering collaboration among different models.
Its native token, TAO, serves as the governance and utility token within the network, used for accessing services and incentivizing participation.
Even with a recent 35% dip, the TAO token has seen phenomenal success, rising 735% over the past year. Does that mean TAO is a safe investment?
Our analysts put the TAO token through our industry-leading Blockchain Risk Scorecard to determine what risks investors in the token might face.
Premium members can download the Bittensor Risk Scorecard here.
Not yet a Premium member? Sign up now and get access to all our investor scorecards, along with other great benefits like monthly BMJ token airdrops, exclusive crypto merch, and more! |
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| | | Must Read Today's most important stories for crypto investors. |
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The crypto market crash in 2022-2023 highlighted the need for stable assets in DeFi. While DeFi boomed with high yields, many risky platforms collapsed. This led to interest in real-world assets (RWAs), such as treasuries, which are seen as a haven. RWAs will become a core part of DeFi, offering stability, new products, and regulatory compliance. This will attract institutional capital and drive long-term growth. |
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Modular blockchains are a revolutionary new approach in crypto. Imagine separate teams working on data storage, processing, and finalizing transactions - that's the modular approach. This allows each layer to scale independently, solving the issue of slow and expensive transactions. A big advantage of modular blockchains is the potential for a much better user experience, which means the potential for expansion across projects. |
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Why were specific decentralized finance (DeFi) applications (apps) like Uniswap, dYdX, and Lido successful compared to others? It isn't easy to pinpoint the exact reasons, but some commonalities exist, such as understanding their users, creating something more than tech, and developing trust. We can look to these successful apps as valuable references for future investment targets. |
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| | ICYMI In Case You Missed It |
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| Chart of the Day Stablecoin Supply |
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| The growth in stablecoin supply, highlighted by our chart above, signifies an expansion in the crypto market's fundamental infrastructure. It can help enhance liquidity, stability, and adoption, thereby contributing to an overall bullish sentiment and potential market growth.
For example, increased stablecoin supply increases the liquidity within cryptocurrency markets. This liquidity is crucial for enabling smoother and faster transactions and supporting larger trading volumes without causing significant price fluctuations. More liquidity also attracts more participants, from individual traders to institutional investors.
The increased stablecoin supply also suggests that more fiat is being converted into crypto assets. Because stablecoins are used so widely in trading and other market sectors, this can be a sign of overall market growth.
For example, the decentralized finance (DeFi) sector heavily relies on stablecoins for operations such as lending, borrowing, and earning interest. An increased supply of stablecoins fuels growth and innovation within the DeFi space.
The expanding supply of stablecoins reflects and fosters growing confidence and participation in the cryptocurrency markets, making it a virtuous circle. By providing stability, liquidity, and utility, stablecoins help mitigate some of the inherent risks of cryptocurrency investments and make the crypto ecosystem more robust and appealing to a broader audience. This, in turn, supports a bullish outlook for the crypto markets overall. |
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| And that's why you don't sell :) (Thanks to Trality) |
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