Hi šš» denzeās digest is weekly-ish series Iām experimenting with. In it, I curate and share the most interesting and useful crypto content Iāve consumed recently
A new essay from Li Jin, one of my favourite writers & thinkers
Web3 Is Our Chance to Make a Better Internet by Li Jin and Katie Parrott. A thought provoking read on the principles we need to agree on, thatāll enable us to build and design an internet that is fair and equitable.
An explanation of the latest crypto drama
Terra: To the Moon and Back, a guest post by Jon Wu on Not Boring. This is the big news of the week - Terraās blockchain runs on the $LUNA token and has a stablecoin called TerraUSD ($UST). The stablecoin is meant to hold the same value as the USD, but right now, 1 $UST will get you $0.20 USD. Meanwhile, over the past week, the $LUNA token has crashed from ~$70 USD to less than $0.001 USD. And yes, no typos there. Less than $0.001 USD. Jon explains whatās going on. Itās a lot to process though, and Iām still trying to make sense of it myself.
A peek into the world of decentralised finance (DeFi)
150% APR? How Are DeFi Yields So High? by Nat Eliason. So far, I havenāt had much exposure to DeFi, but Iām starting to take a peek. I thought this was a great read on the different types of DeFi yields - or more simply, the different ways people make money / earn rewards through DeFi.
Crypto Rabbit Holes is a space for me to slow down and pay closer attention to whatās happening and what Iām learning in the crazy, fast-moving world of crypto. If you arenāt subscribed, you can do so here: