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THE DAILY INDEX

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MARKETS & BUSINESS

TLDR Crypto

CITIBANK EXPLORES TOKENIZATION OF PRIVATE EQUITY FUNDS

Citibank, in partnership with WisdomTree and Wellington Capital, has successfully simulated the tokenization of a private equity fund using blockchain technology. The process proves that tokenization is possible in a controlled environment, can remain legally compliant, and is compatible with existing banking systems. The move could potentially introduce efficiencies into the $6 trillion private equity industry. The success of this test will inform Citibank's decisions about offering related services.

UNISWAP FOUNDATION PROPOSAL SUGGESTS TURNING ON REWARDS FOR UNI TOKEN HOLDERS

Uniswap put out a proposal to modify the governance of its DEX, including adjusting the fee structure to benefit users who delegate and stake their UNI tokens. The proposal will be put to a vote on March 1, followed by an on-chain vote on March 8. This was a huge shift for Uniswap and for governance tokens in general, as very few tokens actually allow holders to participate in the revenues of the protocol. Many are speculating that this indicates positive regulatory progress in the background and could lead to more protocols choosing to include token holders in fee-sharing mechanisms.

HOW TO MAKE AN INCOME FLYWHEEL ON PERPETUAL EXCHANGES

This thread explains how to create an income flywheel using perpetual DEXs. It is possible to go both long and short on two different DEXs, leveraging the funding rates by emulating the strategy that the newly launched stablecoin protocol Ethena is implementing. The key is to pick exchanges that are profitable, offer good tokenomics, and provide good delta through arbitrage. Currently, Vertex and HMX are the author’s top picks owing to their stable income, continuous tech development, and beneficial tokenomics.

HOW TO CATCH A FEW 20X TO 100X COINS DURING THE NEXT BULL RUN?

This post provides a detailed analysis of the various trends, strategies, and factors that influenced the success of different cryptocurrencies during the 2021 bull run. Ideas like investment timing, understanding market rotations, identifying emerging narratives, recognizing high-yield scenarios, and main character phenomena all played important roles last cycle. By studying these patterns, traders can better prepare for future cryptocurrency bull runs.

AI X CRYPTO PRIMER (1 HOUR READ)

This is a comprehensive overview of projects and potential use cases at the intersection of AI and cryptocurrency. It demonstrates the broad applicability and potential of these technologies across various domains. Potential projects range from enhancing DeFi experiences to revolutionizing game development, optimizing content creation, improving data privacy, and expanding blockchain capabilities through AI-driven analysis and secure computational networks.

ZKML - THE NEXT BIG NARRATIVE IN AI

The combination of Zero Knowledge Proofs with machine learning, known as ZkML, has the potential to become one of the next big narratives. ZKPs allow those building machine learning models to conduct inferences without exposing the data used but still ensuring computational correctness. They also help tackle privacy concerns like membership inference attacks and model inversion attacks. ZkML infrastructure is already being developed by several notable startups in the space, which could give rise to a hype cycle for this tech.

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