Introducing Project Recaps

Discussion: Does Bitcoin need Layer-2s?, and more

We are delighted to introduce Project Recaps Powered by Messari AI – a new feature crafted to streamline your crypto project analysis. Effortlessly get up to speed on project developments with automated summaries tailored to your preferences inside every asset page.  In today's fast-paced world, staying ahead of the curve is not just advantageous, it's essential. With Messari's extensive repository of curated data and research, project recaps offer you a shortcut to unparalleled insights.   Now available to Messari Pro and Enterprise users. Today in UO! Discussion: Does Bitcoin need Layer-2s? [dYdX DAO] dYdX Community Staking with pSTAKE Finance Proposal (47) [VENUS] Deployment on Ethereum MESSARI INSIGHTS Discussion: Does Bitcoin need Layer-2s? Recent developments in the Bitcoin ecosystem, such as the surge in Ordinals, Inscriptions, and the introduction of BitVM, reflect a shift towards enhancing Bitcoin's functionality with Layer 2 solutions. Despite challenges and a conservative upgrade approach, initiatives like Babylon and BitVM aim to broaden Bitcoin's utility, potentially reshaping its role in the blockchain landscape. While Bitcoin's Layer 2 ecosystem may lag behind other ecosystems in some aspects, strategic partnerships and a focus on expanding use cases demonstrate the potential for Bitcoin to evolve into a centralized hub for shared security and innovation.     [Messari Governance] [dYdX DAO] dYdX Community Staking with pSTAKE Finance Proposal (47). This proposal aims to liquid stake 5,000,000 DYDX tokens from the dYdX Community Treasury with pSTAKE Finance. Specifically, the DYDX tokens are to be liquid staked in stages with 3,500,000 DYDX after this proposal passes, an additional 750,000 DYDX tokens after the dYdX community has performed a security overview, and a final 750,000 DYDX tokens after the total stkDYDX TVL crosses $20,000,000 USD, and the Persistence One chain's economic security crosses $90,000,000 USD. pSTAKE Finance will not charge the Community Treasury fees to liquid stake and share 20% of the revenue from the non-community pool stkDYDX TVL. [Messari Key Developments] [VENUS] Deployment on Ethereum. The Venus Protocol has deployed on Ethereum Mainnet.   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 Ethena - The Goddess of Yield Quantifying Narratives Analyst Discussion: Ethena Supercharging Smart Contracts: ZK Coprocessors and Verifiable Compute Hooking into the Future: A Uniswap Valuation   Upgrade your digital asset operations with Fordefi's next-gen MPC wallet. Fordefi is purpose-built for DeFi, enabling you to scale your on-chain strategies across thousands of dApps while staying protected with MPC. Our platform is trusted by leading institutions: Pantera Capital, Figment, Flare Network, and more. OTHER NEWS AND TOP READS Vitalik Buterin and Arthur Hayes Weigh In On Memecoin Frenzy First Mover Americas: Bitcoin Drops to $65K to Start the Month Ethena Labs' ENA Token Goes Live, Starts Trading at 64 Cents TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit Solana Telegram Trading Bot to Shut Down After Users Drained of $523K Wormhole Airdrop on Solana Just Days Away as Exchanges Prep Listings Coinbase Ethereum Scaler Base Is Booming—And It's All Meme Coins, Of Course Memecoins Fuel Record Monthly DEX Trading Volumes Bitcoin Miner IREN's Stock Price Surges Ahead of Halving Polygon unpacks zkEVM outage and 'emergency' upgrade 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