Even it’s sad that people can’t live peacefully next to each other, Israel doesn’t have a big impact on world economy.

The only thing that could change that, is if it turns into a proxy. But if it stays in the region, it’s just business as usual, as hard as it sounds.

Also keep in mind that wars are an exit for a broken system and more of it will dominate the headlines in the near future.

The truth is the first thing that dies in a war! Stay calm and double-check what you read.

DeFi Updates

Radpie is doing a lot of things better than PlutusDAO.

So $USDR depegged. When you have an illiquid collateral like real estate, and RE is famous for being illiquid, it’s no surprise that this can happen during strong short-term market movements.

A whale got out of $USDR and took a huge junk out of the $DAI collateral pool. After there haven’t been any $DAI left, people started to sell $USDR on the open Market.

Once again panic causes .

A re-peg can take a VERY long time. But looking at the mechanics behind, it should re-peg, since the income from the properties will be used to build the treasury up. Another option is selling some properties, which would also take quite some time.

The quickest move would be to take the property as collateral and take a loan, get some $DAI and buy back and burn $USDR. This however, isn’t very attractive, because of high rates and would add an extra layer of risk to the project.

If you trust the team, this could be a good bet. Yea, this is the right term TRUST. That’s how it is with centralized corporations. But expect it to take a while.

No announcement from the team for over 10 hours doesn’t bring a lot of trust and make the fudders fud. A short “we are working on a response to the current blabla…” would at least be a sign that there’s still life.

One very interesting phenomenon, which always occur in such an event, is the conversations on Discord. You can clearly see, that 99% of people have never understood the mechanics behind the project. Neither did they do any research.

I reported about Tangible in this Newsletter before and I should have pointed out the risks more.

Back to some better news and less experimental stable. The Oath Foundation is onto something.

Ethos V2 will come soon and it’s going to support LSTs and one-klick-leverage. Aurelius on Mantle will be built on the V2 stack, so same features.

Mantle gained over 40% in TVL and counts $127m now. All of the $42m came from the Mantle treasury.

Incentives for Fan Tech. It has one of the best UIs of all SocialFi apps and I think this is going to be the number one selling point soon.

Frax V3 is coming soon. And this is not priced in. Good explanation what’s happening from Stacy.

Macro

The USD lost a 5th of its purchasing power in only 3 years! But yea, we get those 4-5% treasury yield…

The British Pound is even worse with a 33% loss since 2020.

If you didn’t manage to raise your salary, I hope you’ve at least adjusted your work performance to the inflation.

Like I said in the last newsletter, a monetary reform is likely. But not anytime soon. Thy system always fights, even if it’s already obvious.

So be ready for volatile markets in the coming years.

Investing

The current BTC dominance is around 50%. As you know, I don’t hold much BTC.

However, I told you in the past, that this might not be the very best move. And I also told that the dominance will go up.

I still don’t think this will be the case for a long time and I expect ETH to outperform soon and I’m taking the chance to grab some more of it.

Also slightly adjusting my leverage on my ETH position upwards to 2x.

Stay Sexy!

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