Doc's Daily Commentary

Mind Of Mav

The New King Of DeFi

Uniswap has attracted interests from all around following its governance token issued.

$UNI soared in price shortly after launching, from $1 on Thursday to its peak of $7.37 on Saturday. Major exchanges, among them Coinbase, Binance and Bitfinex, listed the token. But $UNI’s pump wasn’t to last—though, just four days into trading, no conclusions can be drawn about the coin’s fate.

The coin is a riposte to SushiSwap, a clone of Uniswap that launched its own governance token, $SUSHI. Like $UNI, $SUSHI is earned from using the protocol. SushiSwap took business away from Uniswap, so Uniswap minted its own governance token.

So far, the plan has worked. On September 17, the day after launch day, customers had locked in $748 million worth of cryptocurrency in Uniswap’s smart contract, according to DeFi Pulse. Now, $1.93 billion is locked up in its smart contracts. Meanwhile, the amount of crypto locked in SushiSwap has declined, from a peak of $1.42 billion on September 12 to $447 million today.

Despite Uniswap rising to become the leading decentralized finance (DeFi) protocol by total value locked (TVL), its newly issued UNI token price crashed along with many other DeFi tokens.

UNI traded at USD 4.35, having declined 23.35% over the past 24 hours. And despite the token increasing more than 186% from the launch price of USD 3 last Thursday, to a high of USD 8.6 the day after, the early excitement among users now looks to have cooled off.

Moreover, the losses over the last day also positioned UNI as the day’s worst performing token among the top 50 crypto assets by market capitalization, which is currently closely followed by Aave (LEND) and (YFI).

Despite the fact that UNI token has lost nearly 50% of its value from its high last Friday, the Uniswap protocol continues to gain ground in the DeFi sphere. As announced by DeFi Pulse last Friday, the protocol has now secured the position as the leading DeFi protocol by total value locked (TVL), ahead of its competitors Aave and Curve Finance (CRV).

The reshuffling of the DeFi ranking comes as the total value locked (TVL) in the space as a whole reached a new all-time high yesterday of USD 9.77bn. The record follows a correction in the amount of capital locked in DeFi protocols earlier in September, which had seen the TVL fall from USD 9.6bn on September 2, to a low of USD 6.8bn on September 9.

Along with UNI, LEND, CRV, and several other DeFi tokens, however, the Ethereum network’s native token ETH also faced heavy selling today, falling by 8.1% over the past 24 hours to a price of USD 348.



The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)


Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)


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Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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