HargaRumah: Liquid Staking, Real World Assets, and Monetary Maestros in the Mountains

Sabtu, 24 Agustus 2024

Liquid Staking, Real World Assets, and Monetary Maestros in the Mountains

Good morning to all you tasty traders!

I hope you're soaking up the last days of summer. While surely many of you are gearing up for football season, and if you have kids, likely counting down to back-to-school, here in the tastycrypto cave I've been eagerly awaiting the Fed's annual Jackson Hole shindig - a meeting of monetary maestros, which historically has been a platform for pivotal shifts in policy.

Would Jerome Powell and the crew finally declare victory over inflation and hint at those sweet, sweet rate cuts coming soon?

For those of us holding digital assets, our boy delivered.

On the week...

BTC: +10%
ETH: +7%
SOL: +5%

Freaking about a Yen carry trade: 0

Performance, Momentum, Ranges

Solana now on tastycrypto

Federal Reserve Chair Jerome Powell announced that the time has come for the Fed to begin cutting interest rates, with a potential first rate cut expected as soon as next month, which is likely no surprise to the market as Fed Funds futures were already pricing in a September cut, but the coins loved it regardless.

That said, as the Fed prepares for a potential rate cut in September, the exact timing and pace will depend heavily on upcoming economic data, reflecting the Fed's broader objective of supporting a strong labor market while continuing to make progress toward price stability.

Decentralized Staking with Lido Finance: The Future of ETH Yield?

As Ethereum continues to solidify its position as the leading platform for decentralized finance, staking has become an increasingly popular way to earn yield. But not all staking is created equal. Enter Lido Finance, a decentralized staking protocol that allows users to stake their ETH without locking it up - providing liquidity and flexibility that traditional staking models don't offer.

I spent some time with Frank on the tastycrypto show this week, diving into how Lido works, the benefits of decentralized staking, and why it might be a game-changer for ETH holders looking to earn passive income while still maintaining liquidity.

We also walk you through how to get started with Lido using the tastycrypto wallet.

Decentralized staking is one of the many ways DeFi is revolutionizing the financial landscape, and if you haven't explored it yet, now might be the time.

Watch here

tastycrypto on Youtube

Real-World Assets on Chain: Bridging Traditional Finance and DeFi

If we are in fact witnessing a resurgence of the bull market, then we could see some alt coins get off the floor here. Of the many themes I'm watching this cycle, real world assets, is near the top of the list.

From stablecoins backed by traditional currencies to on-chain debt instruments, RWAs are bridging the gap between traditional finance and DeFi. US dollars on chain in the form of stablecoins are clearly the biggest real-world asset use case today, but we're also seeing the emergence of money market funds and debt instruments go onchain.

If this is of interest, it's worth looking closer at a few of the leading protocols related to this theme: ONDO, Goldfinch, and Maple Finance.

ONDO: A platform that's pioneering the tokenization of real-world assets, making them accessible to crypto investors.

Goldfinch: Focused on decentralized credit, Goldfinch is opening up new avenues for lending and borrowing, backed by real-world collateral.

Maple Finance: Specializing in institutional lending, Maple Finance brings traditional debt markets to the blockchain, offering crypto investors exposure to a whole new asset class.

While these protocols haven't been around long, real-world assets onchain could lead to new opportunities for yield generation and risk management in the crypto space, ultimately leading to increased blockchain adoption by investors and institutions across traditional financial services.

Buy Crypto

In closing, this is a shorter note than usual as it's been relatively quite aside from Friday's price action.

I'm working on a deeper dive and macro piece we'll send out soon, but for now, the coins are ripping... As always, keep your head on a swivel, don't forget to take profits, and enjoy the weekend.

50k-70k is still the range.