Introducing Daily News Recaps!

A Lending Renaissance, and more

With crypto news moving fast, we are excited to introduce Daily News Recaps. Powered by Messari AI, you can now read quick summaries of the biggest headlines of the day and never miss a moment. We've even added some additional functionalities like optimized social sharing. If you're looking to share news with your audience or simply with friends, an intelligent link preview image is generated with summaries of daily events.     Try it now on Messari News. Today in UO! A Lending Renaissance [Safe DAO] Safe Token Utility Sprint 1 (OBRA) [Gemini Dollar] SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities MESSARI INSIGHTS 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] [Safe DAO] Safe Token Utility Sprint 1 (OBRA). This proposal requests 50,000 USDC to create and fund a working group responsible for the Safe Token Utility Sprint 1, which involves the "research and design of 3-5 [SAFE token] use cases related to DeFi modules and Staking over 10 weeks." [Messari Key Developments] [Gemini Dollar] SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities. The SEC and Genesis Global Capital, LLC have agreed to a final judgment requiring Genesis "to pay a $21 million civil penalty and imposing a permanent injunction to settle charges that it engaged in the unregistered offer and sale of securities through a crypto asset lending program known as the Gemini Earn program." The press release states that "the SEC will not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, including claims by retail investors in the Gemini Earn program." 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! ALSO POPULAR ON MESSARI Analyst Discussion: Ethena Supercharging Smart Contracts: ZK Coprocessors and Verifiable Compute Hooking into the Future: A Uniswap Valuation State of DeFi January 2024 Analyst Note: WHALES Market 🗓️Q4 2023 Quarterly Reports 🗓️ State of The Sandbox Q4 2023 🗓️ State of Polygon Q4 2023 🗓️ State of Aptos Q4 2023 🗓️ State of Avalanche Q4 2023 🗓️ State of Boba Network Q4 2023 🗓️ State of Stacks Q4 2023 OTHER NEWS AND TOP READS Bernstein analysts see bitcoin 'dip buying opportunity' ahead of the halving Coinbase's Allies Join Crypto Firm's Case Against SEC Goldman Sachs has been eyeing crypto bankruptcy claims MicroStrategy now holds over 1% of bitcoin's total supply after latest purchase Bitcoin flash crash below $9,000 on BitMEX's USDT spot market had no impact on derivatives, exchange says MANTRA Chain Raises $11M for RWA Tokenization with Middle East Tint Solana Meme Coin Slerf Clocks Higher Trading Volume Than All of Ethereum Bitcoin Drops Under $63K, Leads to Marketwide Correction Jupiter Founder Says DEX Will Donate Fees to Slerf Presale Buyers Thorchain Loans Spike With Weekly Flows Of $100M 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