Market Fears Subside, AssangeDAO, & Uncollateralized Lenders

FEB 09, 2022 • 3 Min Read

Joo Kian

DISCLOSURE: DELPHI VENTURES HAS INVESTED IN BTC, CELESTIA, AND AXS. MEMBERS OF OUR TEAM ALSO OWN JUSTICE. THESE STATEMENTS ARE INTENDED TO DISCLOSE ANY CONFLICT OF INTEREST AND SHOULD NOT BE MISCONSTRUED AS A RECOMMENDATION TO PURCHASE ANY TOKEN. THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND YOU SHOULD NOT MAKE DECISIONS BASED SOLELY ON IT. THIS IS NOT INVESTMENT ADVICE.

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Market Sentiment Turns ‘Neutral’

  • With the markets bouncing off their lows over the past few days, investor sentiment has moved away from ‘Extreme Fear’ to ‘Neutral,’ pushing the Crypto Fear & Greed Index to its highest level since mid-November.
  • Historically, markets tend to perform well after large upward spikes in the Crypto Fear & Greed Index. Still, it’s unclear whether the market can sustain its recent gains and continue moving higher.
  • For more insight on our outlook, see our latest chartbook report hot off the press.
New Uncollateralized Loan Champion

  • TrueFi and Maple Finance are money markets that allow for uncollateralized loans to their approved borrowers, mostly institutional funds.
  • Maple Finance recently overtook TrueFi to have the most outstanding uncollateralized loans. Maple Finance has $450M in outstanding loans, while TrueFi has $330M. Interestingly, Maple Finance always had much higher utilization rates (70-90% v.s the 75% peak utilization of TrueFi).
  • The difference in utilization may be a result of loan pool size. Maple Finance uses isolated borrower lending pools, with a deposit limit for its lenders. Once the limit is reached, funds can no longer be deposited into the pool. TrueFi, on the other hand, uses uncapped lending pools that will take any amount lenders are willing to deposit.
  • To learn more about uncollateralized lending, visit our Delphi Pro report on TrueFi.
AssangeDAO Raised 17.3K ETH for Censored
  • AssangeDAO was created to establish an organization and fight for the freedom of Julian Assange, the founder of WikiLeaks.
  • The funds raised will be used to purchase Censored, an NFT collection in collaboration with Assange and renowned digital artist Pak. Proceeds from the NFT sale will be used for Assange’s legal fees and campaigning to raise awareness about the free speech implications of his case.
  • Contributors to AssangeDAO will also receive 1,000,000 $JUSTICE for every ETH contributed.
  • AssangeDAO raised 5.8k ETH more than ConstitutionDAO, a record-setting DAO crowdfunding case.
SegWit Dominance Rise

  • SegWit is a transactional format on Bitcoin developed to segment transaction data and reduce the space occupied by each transaction, allowing for more transactions to be fit into each block.
  • Over the past year, we have seen that SegWit’s utilization increased as its dominance hit 70% of transactions on the Bitcoin network. With exchanges holding up to 40% of all blockspace, their adoption of SegWit has been the reason for their growth.
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