The Crypto Report is a subset of the Market Lab Report.
RenVM (REN)- Ren is an open protocol that enables the permissionless, private transfer of value between blockchains. This gives BTC holders the ability to lend their BTC and earn other tokens in return. In effect, REN is a gateway for bitcoin into other ecosystems in a decentralized defi way. REN enables one to use BTC for staking and lending on ethereum projects. REN provides decentralized smart contracts vs. wrapped BTC (wBTC) which is centralized. REN is the first and only open protocol that provides access to inter-blockchain liquidity for all decentralized applications using tendermint tech. There is no intermediary, it is trustless, and transacts privately just as with decentralized exchanges. Can also trade cryptos between blockchains in a permissionless way. It is hugely liquid, uses zkp's, 100x faster than atomic swaps, integrates into existing infrastructure, while maintaining a high level of security for transactions (OTC), spurring the decentralized finance mvmt.
Band (BAND)- This is a low cost version of the behemoth decentralized oracle company Chainlink (LINK) thus has been stealing some of its market share. Backed by Sequoia Capital and Binance. Enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. BandChain describes itself as a high-performant independent blockchain built specifically for oracle computations including settlement, data sourcing, and aggregation that is secured by delegated proof-of-stake. Developers can create a fully customizable oracle script on BandChain which specifies data sources and APIs to connect to, aggregation methods and security parameters. The creation of scripts is permissionless, allowing for quick iterations and extensive support for any type of data. Decentralized oracle is a key infrastructure to enable decentralized finance and other decentralized applications to operate in the most trustless way possible. With all oracle computations offloaded to BandChain, smart contracts on any destination blockchain can use Band Protocol to query data on-demand and receive a real-time update. Oracle data queries take between 4-6 seconds by ‘batching’ transactions with data information to enable instant settlement and also protect end-users from consuming delayed data.
Aave (AAVE)- Aave is a loan based financial system which aims to provide decentralized transactions between a lender and borrower. The company changed its ticker so the position was closed out at over a 1000% profit, and this new position was immediately started. The company remains the same and maintains its pole position in defi. Things are just starting for defi and AAVE leads the way. As one example, the CEO wrote Elon Musk to tokenize its electric vehicles which would allow people to use their cars as collateral to borrow $USDC for other purchases. In the future, you wont have to go to a bank for a mortgage loan. You would go to defi metamask, take out a mortgage/real estate tokenized loan locked in as collateral. Tokenized mortgages are the way forward for retail investors who would place money with those who seek loans.
| RenVM (REN) reported on 11/21/20 | long | $0.34 | 0.34 | 0.00% |
| Band (BAND) reported on 11/21/20 | long | $7.1 | 7.1 | 0.00% |
| Aave (AAVE) reported on 11/21/20 | long | $71.8 | 71.8 | 0.00% |
RenVM (REN)- Ren is an open protocol that enables the permissionless, private transfer of value between blockchains. This gives BTC holders the ability to lend their BTC and earn other tokens in return. In effect, REN is a gateway for bitcoin into other ecosystems in a decentralized defi way. REN enables one to use BTC for staking and lending on ethereum projects. REN provides decentralized smart contracts vs. wrapped BTC (wBTC) which is centralized. REN is the first and only open protocol that provides access to inter-blockchain liquidity for all decentralized applications using tendermint tech. There is no intermediary, it is trustless, and transacts privately just as with decentralized exchanges. Can also trade cryptos between blockchains in a permissionless way. It is hugely liquid, uses zkp's, 100x faster than atomic swaps, integrates into existing infrastructure, while maintaining a high level of security for transactions (OTC), spurring the decentralized finance mvmt.
Band (BAND)- This is a low cost version of the behemoth decentralized oracle company Chainlink (LINK) thus has been stealing some of its market share. Backed by Sequoia Capital and Binance. Enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. BandChain describes itself as a high-performant independent blockchain built specifically for oracle computations including settlement, data sourcing, and aggregation that is secured by delegated proof-of-stake. Developers can create a fully customizable oracle script on BandChain which specifies data sources and APIs to connect to, aggregation methods and security parameters. The creation of scripts is permissionless, allowing for quick iterations and extensive support for any type of data. Decentralized oracle is a key infrastructure to enable decentralized finance and other decentralized applications to operate in the most trustless way possible. With all oracle computations offloaded to BandChain, smart contracts on any destination blockchain can use Band Protocol to query data on-demand and receive a real-time update. Oracle data queries take between 4-6 seconds by ‘batching’ transactions with data information to enable instant settlement and also protect end-users from consuming delayed data.
Aave (AAVE)- Aave is a loan based financial system which aims to provide decentralized transactions between a lender and borrower. The company changed its ticker so the position was closed out at over a 1000% profit, and this new position was immediately started. The company remains the same and maintains its pole position in defi. Things are just starting for defi and AAVE leads the way. As one example, the CEO wrote Elon Musk to tokenize its electric vehicles which would allow people to use their cars as collateral to borrow $USDC for other purchases. In the future, you wont have to go to a bank for a mortgage loan. You would go to defi metamask, take out a mortgage/real estate tokenized loan locked in as collateral. Tokenized mortgages are the way forward for retail investors who would place money with those who seek loans.