EN News: #8 – Opyn, Pooltogether v5, ETH

1. Opyn leaving crypto
2. Pooltogether v5
3. Bullish ETH rant

1. Opyn leaving crypto

What happened?

After the regulatory action against Opyn, it’s founders decided to quit crypto space. Opyn was one of the top derivatives platform focused on options.

What are the key takeaways?

Another regulatory threat is a proof of expectations, that tough times are coming.

Learn more: 1

2. Pooltogether v5

What happened?

Pooltogether v5 is live! It’s a savings account that offers the chance to win large prizes. Even if you don’t win, you always keep all your money. This is possible because the prizes are derived from the interest that accrues on deposits. Now improved, with more features and permissionless.

What are the key takeaways?

• swap in to play! No need to “activate” your tokens
• prizes are claimed automatically. Just hold!
• permissionless; anyone can add new prize tokens
• autonomous: no one controls the protocol
• immutable: the core protocol cannot be changed

Learn more: 1, 2

3. Bullish ETH rant

What happened?

As we claimed in our FAQ section, Ethereum is not interesting just because of price speculations, but its price also express its real world use-cases and impact.

What are the key takeaways?

Someone has to say it.

ETH price at $2.2k is hilarious.

Everyone out here trading "what ifs" this cycle when Ethereum has fundamentals.

Let my tell you why $2.2k ETH is stooopid.

Ethereum now makes $2.7 billion in annualized profits – the only profitable chain – a P/E ratio…

— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) December 4, 2023

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Not financial or tax advice. This post is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This post is not tax advice. Talk to your accountant. Do your own research.