gm Bankless Nation, Welcome back to the Citizen Daily Brief. As a free member, you're not getting all of the crypto investing intel from Bankless that you could! Upgrade for more.
✍️ Cheat Sheet: Rainbow Rewards Opps, reads, yields, and airdrops.
🗣️ Deep Dive: Wildcat Lending Citizen-only DeFi play of the week.
🤑 Token Rating: End of HYPE Train? A brutal episode raises questions.
p.s. Thanks to Crypto Tax Calculator. Get accurate, CPA-endorsed tax reports with full support for IRS rules. 3,000+ integrations to support all your wallets, exchanges, and onchain activity.
Sponsor: Uniswap Labs — Unichain is live! Bridge & swap with Uniswap Labs' web app or wallet.
🙅♂️ House Majority Whip Tom Emmer Slams Wyoming Stablecoin Effort. The prominent Republican said Wyoming's newly announced effort closely resembled a central bank digital currency.
🚔 SBF Moved to Oklahoma Following Rogue Tucker Carlson Interview. The FTX founder was moved from Brooklyn to an Oklahoma 'transit center' where he will await a prison reassignment to serve the remainder of his sentence.
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Daily Market Snapshot: Crypto prices largely held steady Thursday, but a few outliers continue to post major gains, including Berachain's BERA token which climbed 12.5% on the day and is up 44% this week. Other DeFi winners include CRV (up 35% week-over-week) and RAY (up 23% week-over-week).
Prices as of 6pm ET
24hr
7d
Crypto $2.85T
↘ 0.1%
↗ 3.3%
BTC $87,518
↗ 0.4%
↗ 3.8%
ETH $2,016
↗ 0.3%
↗ 2.1%
. . .
CHEAT SHEET
Rainbow Rewards
Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇
Onchain yields have slumped in recent weeks, but for degens willing to partake in crypto’s riskiest form of lending, excess returns can still be earned!
Enter Wildcat, where uncollateralized lending meets blockchain and market makers borrow crypto on a promise. Think of this protocol like a crypto-native credit card for institutions, except the card is your wallet, and if the borrower defaults, you’re the one left holding the bag.
Wildcat does not assess credit risk, it does not guarantee repayment, and it is not regulated by any financial authority. What it does offer is frictionless access to above-market yields for anyone with a crypto wallet and the willingness to lend on trust alone.
Today, we’re exploring uncollateralized crypto lending through Wildcat! 👇
Unlock the power of Unichain – a fast, decentralized Ethereum Layer 2 network built to be the home for DeFi and cross-chain liquidity. To bridge tokens to Unichain and start swapping today, get started with Uniswap Labs’ web app or mobile wallet.
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 a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
