Weekly Pill — Volume 001
TL;DR
- Both ETH and BTC consolidate post landmark BTC ETF approval
- After surging from a low of 0.048 to a high of 0.061, ETHBTC consolidates to 0.055
- Block Analitica and Steakhouse form BALCO to help manage eBTC peg
- eBTC “Flippening Strategy” allows you to long ETHBTC
ETH/BTC Market Snapshot
After consolidating post-ETF, Bitcoin and Ethereum prices are up on the week with ETHBTC settling at 0.053 after seeing a spike from lows at 0.048 to 0.061.
Dose of ETH
Dencun is going live on Sepolia today. If everything goes according to plan, Dencun, and its ability to reduce rollup fees by an order of magnitude, will be available in March.
Restaking narrative continues to grow as Eigenlayer reaches $1B TVL with restaking caps reopening on Feb 5.
Dose of BTC
After the landmark Bitcoin ETF approval, inflows surpassed 11 billion. This however has since cooled, shifting consumer focus towards the outflows from GBTC, as long-term investors take profits and transfer to new lower-fee providers. As reported, this is likely just a temporary drag on the road to institutional adoption as outflows are already showing signs of slowing down.
In a demonstration of the transparency that blockchains can bring to the traditional finance system, Bitwise published the bitcoin address of its ETF holdings. Someone then proceeded to donate 6969 sats to them.
eBTC Introduces BALCO
Modeled off of traditional banking asset-liability committees (ALCO), BALCO will be a vital in helping to manage assets, liabilities, and risk.
For eBTC, BALCO will focus on:
- Strong peg maintenance
- Deep liquidity
- Building user trust
Learn more in the thread below or read the full forum post HERE
Partner Spotlight: Block Analitica and Steakhouse
This week eBTC announced their work with with top-tier risk management organizations, Block Analitica and Steakhouse. They will be contributing to the BALCO, providing robust risk management analytics and processes for eBTC throughout launch.
Block Analitica
Block Analitica are experts in DeFi risk management solutions. Known for their thorough risk assessments and risk analytics dashboards, they offer valuable insights that help safeguard and stabilize DeFi protocols. Their collaboration with leading protocols like Maker, Aave, Compound, and Spark, underscores their critical role in enhancing DeFi protocol security since 2018.
Steakhouse Financial
Steakhouse is a leader in DAO financial advisory and strategic planning. Known for their in-depth financial analyses, they have partnered with major DAOs like MakerDAO, LidoDAO, and ENS DAO. By providing comprehensive financial reporting and strategic guidance on topics such as tokenomics, Steakhouse has helped DAOs navigate the intricacies of DeFi, contributing to their operational success and scalability.
Did You Know?
For those bullish on Ethereum’s future performance relative to Bitcoin, eBTC provides the most capital efficient way to trade The Flippening.
Long ETH — Short BTC | No fees
One-click leverage in the works…
eBTC Roadmap
More exciting details will follow as we lead up to the eBTC launch, here is what we’ve accomplished and what’s up next.
