State of the Markets 15/04/22

The global economy continues its meltdown. Fundamentals are under strain from rising inflation, supply-chain disruptions, and escalating threats to human security. As we continue the transition towards a tokenised Earth economy for sustainable social, economic, and environmental regeneration.

State of the Markets 15/04/22

Here's the latest intelligence on the tokens and markets contributing to and growing the Tokenised Earth Economy and its relevance to ReFi.

Earth State Markets


A year ago in April, Bitcoin was trading at over $60k; today, it’s 40% lower. Tradfi is also down heavily. Inflation numbers are at record highs all over the world. US consumers have been selling for tax obligations; Covid seems to be spreading in China again with intense lockdowns in Shanghai. Massive supply delays for goods are being felt everywhere and the war continues in Ukraine. On a positive note, hopefully, (there can’t be much more negative news, surely): is the bottom in? Many are predicting some short-term bullish movement.

📈Reference Markets over the past week

BTC

The OG of cryptos

-8%

$39700

Did you know that hope.com is owned by Michael Saylor? Check out all things Bitcoin on their website.

ETH

The king of Alts

-5.5%

$2990

ETH merge is a bit delayed, looks like it will happen around September this year!

ATOM

Interoperable Blockchain Chain

-10%

$23.90

Theta upgrade has been successful. Look out for interchain accounts. Take a deep dive here.

OSMO

Yield Farming on cosmos

-18%

$5.94

Qualify for an airdrop by following these steps for Osmo holders .

CRO

Crypto.com 

-7%

$0.40

Chainalysis is now watching the cronos chain in efforts to up their compliance.

JUNO

Smart-contracts on IBC

-18.8%

$17.50

The game airdrop saga continues. The whale proposes to split their Juno 50/50 with the community. Vote here

XPRT

Liquid Staking, synthetics and NFT’s

-19.2%

$2.80

bATOM is now live on Anchor Protocol.

Borrow $UST against $ATOM.

LUNA

Terra ecosystem

-25%

$80

Luna foundation buys the dip with another $100 mill BTC bought! Check out their holdings here.

📊Impact Markets over the past week

REGEN

Ecological State Ledger

-15.7%

$0.87

Regen founder Gregory was on the bankless podcast, view it here.

IXO

The Layer 1 for Refi Projects

-13.6%

$0.31

Build your Impact DAO marketplace on the Internet of Impact. A layer-1 carbon-negative chain purposed for #ReFi and verifying #EarthState change. Apply here!

EWT

Energy Web Token

+2%

$4.97

EnergyWeb partners with @Blocks. Blockstream will build a fully solar-powered Bitcoin Mining facility.

CELO

Seigniorage stablecoins collateralised by crypto and natural assets.

-16.7%

$3.13

Celo’s $20 million Connect the World Campaign aims to vastly improve on/off-ramp access and experience for users.

BCT

Toucan Protocol: Base Carbon Tonnes

+8%

$3.45

Join Toucan in Amsterdam, details here.

DOVU

Connecting crypto users with inspiring farm projects across the planet. Moving carbon from the sky into the soil.

-28.8%

$0.02

Need help buying DOVU? Here’s a how-to guide!

📉DAO Shares over the past week

ℹ️ Remember that DAO’s with a rebase mechanism should be valued on their treasuries, and market cap increases are a more important metric than token prices, as high yields try to outpace price fluctuations.

KLIMA DAO

Carbon Credits as its treasury

-5%

$20

Treasury:

14,500,252 TONNES CO2

KlimaDAO Responds to Bloomberg story on carbon offsets!


Olympus DAO

The largest DAO built on Ethereum

-7.7%

$27.90

Treasury:

$530 million

An interesting read on self-owned liquidity.

Gitcoin DAO

GTC - Platform to find meaningful open-source work

-10.5%

$5.78


Learn about Gitcoin’s quadratic voting here.

BitDAO

The world's largest DAO directed treasury

-3.5%

$1.15

Track and explore their latest proposals here.

Ocean Protocol DAO

Ocean Protocol 

-7.8%

$0.48

Round 17 of funding starts soon!

Earth Fund DAO

1earth 

-16.8%

$0.027

Get early access to the Earth Fund DAO here.

Popcorn DAO

-2.8%

$1.02

Check out popcorn DAO’s latest roadmap here.

Token Analysis

This week we analyse the Osmosis $ION token, which remains something of a mystery. This is the second native staking token of the Osmosis network,  created to govern how DeFi protocols will be built on the base Osmosis protocol and chain infrastructure.  We postulate that this has potential to evolve ReFi liquidity innovations that can be built using the Osmosis network, leveraging its strong stakeholders community and token economy.

$ION Technical Analysis
The Osmosis $ION token is something of a mystery. It’s the second native staking token of the network, which is used to govern how DeFi protocols get built on the base Osmosis protocol and chain infrastructure. This has great potential to drive ReFi liquidity innovations built on Osmosis.

Earth State News

  • Polygon is going green. The network released their Green Manifesto: A Smart Contract with Planet Earth. They have pledged $20 million to offset the carbon footprint of their network and to buy extra credits to become carbon negative eventually.
Polygon commits to going carbon neutral in 2022
They also hope to facilitate NGOs to make donations that go toward fighting climate change.
  • Musk is not playing. Listen to him speak out about his proposal to buy Twitter, weeks after he became the platform's largest shareholder.
As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. – Elon Musk
Here’s Elon Musk’s proposal to buy Twitter – in his own words
Tesla CEO Musk has offered $54.2 per share in cash, calling the price his best and final offer.
  • Governments fear stablecoins. This interesting article by Forbes illustrates why governments don't fear Bitcoin, but stablecoins make them "quake in their boots."
Stablecoins Are The Boogie Man Of Government, Here’s Why
Bitcoin has no government quaking in its boots. What does have them scared are stablecoins like USD Coin and Tether. Here’s why.

🌍 For the Earth!

Let's use the power of the crypto markets and ReFi to positively change the Earth State as we grow the Tokenised Earth Economy.

Join us every Tuesday at 15:00 UTC for a weekly conversation in the Earth State Twitter Space, where we share intelligence with the thought-leaders, problem-owners and solution-builders of this new economy. This week, we'll be joined by Tat Lam and Chris Gee, discussing their work in digital literacy and their research into user requirements within the communities they work with.

Look out for next week's Earth State Briefing, as it falls on Earth Day, with a focus on ReFi Access.


Not financial or tax advice. This article is published for educational purposes and is not investment advice or solicitation to buy or sell any assets or make any financial decisions. For tax advice, talk to your accountant. DYOR – do your own research.