(31-Jul-20) This Week in Crypto

(31-Jul-20) This Week in Crypto:

Happy Birthday, Ethereum!

  • In an open letter to investors, Pantera capital CEO (Dan Moores) points out that the US treasury has printed more money in the last 2 months than in the entirety of its history. Moores paints Bitcoin as a solution, but as always, time will tell if it acts as a hedge against traditional markets.
  • UMA are the latest kids to join the Liquidity mining club and have announced their pilot programme. This will be a ~6 week pilot with a distribution of 25k $UMA per week. The program is being handled manually and at the discretion of the Risk Labs Foundation so it’s not written into the protocol such as with Balancer or Compound. More details here!
  • And finally, today marks 5 years since Ethereum launched to the public. The programmable asset has since created an entire ecosystem around itself with new projects launching on the network day by day. The gas problems surrounding the network are still at large, but if the last 5 years are any indication, I’m sure ETH has many more surprises in store for us over the next decade.

This Week’s Top Crypto Conversations:

Coinbase is now allowing users to accrue interest on their DAI holdings:


YFI’s governance contract has been updated:


Happy Birthday, Ethereum:


Bitcoin Bill’s guide to Vega’s Testnet: