Dude, Where's My Yield?

New Diligence Reports, and more

Explore the resurgence of decentralized finance (DeFi) with a focus on Gearbox, an undercollateralized lending protocol poised for a 50% upside. This report delves into key insights, including the integration of liquid restaking tokens (LRT) and the potential for sustained growth in a bullish market. While established lending protocols like Aave and Compound face criticism for their low Loan-to-Value ratios, Gearbox emerges as a promising player with a return on assets seven times higher. Discover the bull case for onchain lending, alternative models like Isolated Pools, and the unique advantages Gearbox holds in the evolving DeFi landscape. Assess the risks and opportunities, with a detailed case study on the impact of different lending models. Finally, gain insights into Gearbox's potential for capitalizing on emerging trends like Liquid Restaking Tokens, Ethena, and general yield farming, projecting a 50% upside for the GEAR token.     Explore the full Enterprise report by Kinji Steimetz here. Today in UO! NEW Diligence Reports [Decentraland DAO] Ouroboros Capital: Strategic Acquisition of Treasury BAG Tokens [Stacks] Nakamoto MESSARI INSIGHTS NEW Diligence Reports. What's new this week with Messari Diligence Reports? Our Diligence team is pleased to share that Diligence Reports on PRIME (Echelon Prime), AEVO (Aevo), and RUNE (THORChain) have been released this week. Our Diligence Reports empower users to gain a comprehensive understanding of any asset or protocol through structured in-depth reports that address key aspects such as core project details, legal & regulatory risks, economics, and technology. Enterprise users can purchase either as a bundle with flexible pricing, or choose to purchase individual report access. Current Enterprise subscribers can enjoy five complimentary reports. Explore Diligence today! [Messari Governance] [Decentraland DAO] Ouroboros Capital: Strategic Acquisition of Treasury BAG Tokens. This proposal from Ouroboros Capital seeks an OTC purchase of $125,000 BAG tokens at a 10% discount to the past-30d TWAP price from March 8, 2024 ($0.03265 per DG), for a final price of $0.02938 per DG. The tokens will be linearly vested over 6 months. [Messari Key Developments] [Stacks] Nakamoto. Stacks Foundation has announced that the pre-launch testnet, Argon, is now live. This marks a significant step towards the Nakamoto upgrade, with the activation of Nakamoto rules allowing developers to engage with new code features. The Nakamoto rules introduce block validation logic where Signers sign blocks for confirmation as anchor blocks, distinguishing it from the previous Stacks 2.4 version. The Pre-Launch Testnet aims to offer accelerated cycles for developers to simulate behaviors faster, gathering insights for enhancements. Knowledge Seekers Rejoice, It's Quarterly Season!   What are Messari Quarterly Reports? With the arrival of the new year, the Messari team is excited to kickoff the release of our Q4 2023 quarterly reports. Our quarterly reports highlight top crypto protocols and present key metrics & indicators as well as important events to provide a full picture of the project's latest developments. Learn more about projects you are invested in or interested in and receive a clear look at project fundamentals and financial reporting. Dive into our current and past quarterly reports available in our Protocol Reporting research page. Keep an eye out for reports with "🗓️" in Unqualified Opinions so you don't miss them! 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Disclosure: Authors may own cryptoassets named in this newsletter. For more information, please visit messari.io.   Unqualified Opinions, a Messari newsletter, is meant for informational purposes only. It is not meant to serve as investment advice. Please consult with your investment, tax, or legal advisor before making any investment decisions.   Advertising and sponsorship do not influence editorial decisions or content. Third party advertisements and links to other sites where products or services are advertised are not endorsements or recommendations by Messari. Messari is not responsible for the content of the ads, promises made, or the quality or reliability of the products or services offered in any third party advertisement. Copyright © 2023 Messari, All rights reserved. Our mailing address is: Messari 228 Park Ave S PMB 52631 New York, New York 10003 Unsubscribe 408 Broadway, New York, NY 10013-3699