Smart contract wallets, hailed for their top-notch security, have faced an uphill battle in gaining widespread acceptance, largely due to pricey usage fees and complexities in funding processes. However, a recent Ethereum upgrade dubbed Dencun, through its implementation of EIP-4844, has significantly slashed transaction costs on layer 2 solutions, tackling the cost hurdle head-on.
Coinbase, seizing the opportunity, has rolled out its Smart Wallet, complemented by a novel feature called Magic Spend. This functionality empowers Coinbase users to spend their assets on the blockchain seamlessly, sidestepping the hassles of initial wallet funding and subsequent top-ups. This Smart Wallet-Magic Spend combo not only opens the doors for Coinbase's vast user base to dive into on-chain activities but also serves as a strong incentive for app developers to integrate with Coinbase's Wallet SDK, potentially expanding the platform's ecosystem further. |
Read the full Pro report by Seth Bloomber here. |
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A Lending Renaissance. 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. [Messari Governance] [OsmosisDAO] Upload Persistence LiquidStakeRate Contract (758). This proposal aims to upload the Persistence LiquidStakeRate contract to the Osmosis chain to ensure trustless handling of scaling factors for stkToken Stableswap pools and enhance the reliability of stkToken price oracles when integrated with platforms like Lavana or Mars protocol.
[Messari Key Developments] [Aevo] Trading and Staking Incentive Program. Aevo has announced the launch of AEVO Trading and Staking Incentive Program to reward its platform users, starting from the date of the AEVO airdrop and continuing for four months. The initiative will offers traders and stakers an enhanced volume boost for each trading epoch, enabling them to receive a proportionate share of AEVO emissions rewards based on this adjusted volume, rather than the actual trading volume on the platform. Participants will be able to claim their AEVO rewards starting from Apr. 10, 2024.
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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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| 🗓️Q4 2023 Quarterly Reports |
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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. |
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