Domino effect | Weekly Summary

Bankless DAO's Season 0 NFT Auction is now live! Bidding closes today at 2 PM EST. ๐Ÿ›๏ธ ๐Ÿ’ฐ Watch Season 0 Dear Bankless Nation of NFT, Bitcoin is now officially legal tender in El Salvador. Whatever you think of this development, you have to admit – it's pretty historic. June 2021: First non-sovereign currency adopted by a nation-state as legal tender. With El Salvador's GDP of only $28 billion and a population of 6.7 million, what matters is the legitimacy of this action. The first domino has fallen. Michael Saylor was the pioneer of BTC in corporate treasury (followed by Tesla and others). El Salvador is now doing this at the nation-state level. So who's next? We may see other Latin American countries begin to forge a path to crypto adoption. Bitcoin comes first. Are stablecoins and DeFi next? If you are an emerging economy, what is the value of the banking system in a box? That's how I would describe DeFi. Unfortunately, the rise of the world stage brings additional scrutiny. Senator Elizabeth Warren has attacked cryptocurrencies very quickly this week. A little nuance in their expressions. Will El Salvador cause the last boss to raise his head again? Will things go faster from now on? Things happen when the status quo is threatened. We'll explore that a bit next week… Nic Carter comes to State of the Nation to talk about William of El Salvador's dive into the Balancer V2 (there are lots of good possibilities here) Ben's Breaks the Yearn, Curve and Convex case Also. .. Our episode featuring Bitcoin podcaster Preston Psych goes live on Monday. Can Bitcoiners and Ethereums Have a Mature Conversation? We tried our best. ๐Ÿ˜‰ – RSA ๐Ÿ™ Sponsor: Aaveโ€”DeFi Experience: Deposit, Earn & Borrow with Aave Summary for the week of June 7, 2021๐ŸŽ™๏ธListen to the WEEKLY PODCAST EPISODELpodcast episode | iTunes | Spotify | YouTube | RSS feed ACTION RECAPR Borrow all the good market deals you see on Monday Market against your favorite NFTs Discover UNIโ€ฆ.prophecy symbol? ๐Ÿ”ฅ

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