They say wisdom can be learned from the crowds, so we decided to ask the Citizens of the Bankless Nation and the Bankless Team one simple question: what are you buying?
To keep things interesting, I only included tokens on this list that are outside the top 100 largest tokens by market cap. I further curated the list based on my own impressions of unique market opportunities which I detailed below each selected token.
The full list of projects (in no particular order) is for Paid Subscribers only but free users can check out the first token: 👇👇
What is it? Y2K Finance allows crypto traders to hedge against or speculate on the possibility that a particular asset deviates from its “fair implied value.” In layman's terms, Y2K Finance has created an insurance marketplace for depegs. Anyone can purchase insurance against a depeg, or sell insurance to earn premiums from traders.
Simply choose the stablecoin or liquid staking derivative you are looking to provide or purchase protection on and select a maturity and strike price that works for you. Remember that while selecting a strike price further from the peg of the underlying is cheaper, you’ll have a lower likelihood of receiving a payout!
Why might the Bankless Nation be bullish? The investment case for Y2K Finance shone bright in the aftermath of the March banking crisis. With stablecoins like USDC and DAI depegging, Y2K Finance’s products began paying out and the protocol’s use case became clear.
Investments in protocols that thrive during a chaotic market can help to diversify your portfolio and provide a modicum of relief during the worst of market conditions.
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Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this newsletter to products we use. We may receive commission if you make a purchase through one of these links. Additionally, the Bankless team hold crypto assets. See our investment disclosures here. | Terms & Conditions – Privacy Policy
