JacobStargate vs. Across
Why does bridging matter?By now, it’s clear that the future is multichain and omnichain. For example, L2 Beat now tracks nearly 60 active networks, with TVL having increased 5x over the past year alone. As more chains emerge, the need for seamless communication between networks becomes more important. From a user’s perspective, they shouldn’t have to waste time and energy moving assets from chainA to chainB by navigating through several apps, signing a handful of transactions and clicking far...
JacobAutomated Onramps: Why Don't They Exist?
I Can’t DCA Into Coins Without Clicking ButtonsFor the past few months, I’ve done my best to dollar-cost average (DCA) into Bitcoin and Ethereum. Every two weeks, I’ll take a fixed percentage of my paycheck and manually send it to Newton. Then, based on a daily “recurring buy” order that I’ve set up in-app, Newton will gradually swap my fiat for cryptocurrency. When I feel like I’ve loaded up on enough BTC and ETH in-app, I will execute transfers from Newton to various self-custodial wallets ...
JacobExploring New Ways to Fundraise for Nonprofits
Starting Out as ToysJust like many other disruptive technologies that came before it, NFTs started out as toys. While the technology has been popularized as a means to own and flip digital art — think Crypto Punks and Bored Apes — NFTs represent a more serious shift in the way we attribute ownership online. NFTs effectively make the internet ownable by users, rather than exclusively by platforms like Facebook, YouTube, and Spotify. As a result, more groundbreaking use cases for NFTs are quick...
Studying DeFi
JacobStargate vs. Across
Why does bridging matter?By now, it’s clear that the future is multichain and omnichain. For example, L2 Beat now tracks nearly 60 active networks, with TVL having increased 5x over the past year alone. As more chains emerge, the need for seamless communication between networks becomes more important. From a user’s perspective, they shouldn’t have to waste time and energy moving assets from chainA to chainB by navigating through several apps, signing a handful of transactions and clicking far...
JacobAutomated Onramps: Why Don't They Exist?
I Can’t DCA Into Coins Without Clicking ButtonsFor the past few months, I’ve done my best to dollar-cost average (DCA) into Bitcoin and Ethereum. Every two weeks, I’ll take a fixed percentage of my paycheck and manually send it to Newton. Then, based on a daily “recurring buy” order that I’ve set up in-app, Newton will gradually swap my fiat for cryptocurrency. When I feel like I’ve loaded up on enough BTC and ETH in-app, I will execute transfers from Newton to various self-custodial wallets ...
JacobExploring New Ways to Fundraise for Nonprofits
Starting Out as ToysJust like many other disruptive technologies that came before it, NFTs started out as toys. While the technology has been popularized as a means to own and flip digital art — think Crypto Punks and Bored Apes — NFTs represent a more serious shift in the way we attribute ownership online. NFTs effectively make the internet ownable by users, rather than exclusively by platforms like Facebook, YouTube, and Spotify. As a result, more groundbreaking use cases for NFTs are quick...
Studying DeFi
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Not only are stablecoins a leading use case driving crypto adoption around the world, but they’re a great medium for onramping funds onchain. For users located in the USA, the ability to move dollars onchain for free via Coinbase’s L2 is a killer feature. Why would you onramp any other way?
Unfortunately, in Canada users don't have the luxury of onramping for free just yet, and that’s partially because no one has been able to bootstrap the adoption of a Canadian dollar-denominated stablecoin. While Stablecorp has tried (twice?) to launch QCAD, I imagine they don’t have the right distribution channels in place to get through the “cold start” phase. But what if Coinabse were to try?
By enabling Canadians to onramp by swapping their fiat for a stablecoin at no cost, Coinbase would surely capture market share from some of the country’s other leading competitors. Personally, this is a feature that I’d leave Newton for.
Don’t get me wrong. While grappling with Canada's regulatory landscape will be challenging, I believe that if anyone can successfully navigate it, it's Coinbase.
Not only are stablecoins a leading use case driving crypto adoption around the world, but they’re a great medium for onramping funds onchain. For users located in the USA, the ability to move dollars onchain for free via Coinbase’s L2 is a killer feature. Why would you onramp any other way?
Unfortunately, in Canada users don't have the luxury of onramping for free just yet, and that’s partially because no one has been able to bootstrap the adoption of a Canadian dollar-denominated stablecoin. While Stablecorp has tried (twice?) to launch QCAD, I imagine they don’t have the right distribution channels in place to get through the “cold start” phase. But what if Coinabse were to try?
By enabling Canadians to onramp by swapping their fiat for a stablecoin at no cost, Coinbase would surely capture market share from some of the country’s other leading competitors. Personally, this is a feature that I’d leave Newton for.
Don’t get me wrong. While grappling with Canada's regulatory landscape will be challenging, I believe that if anyone can successfully navigate it, it's Coinbase.
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