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Shhhh⦠you hear that? |
**soft chants in the background** |
β¦. |
**chants get louder** |
Thatβs right folks - the crypto rally and WGMI chants are back. |
Multi-trillion dollar asset managers are filing for Bitcoin ETFs Hong Kong and other new regions around the world are opening up crypto trading to investors U.S. judges are ruling popular tokens like XRP arenβt securities |
All signs are pointing to β Mass Adoption. |
But thereβs one big problem: doing crypto is still hard as f*ck. |
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You see, thereβs a ton of cool stuff to do in crypto - NFTs, staking, lending, etc - but they each come with hard-to-use products and confusing processes. |
So today, weβre gonna break it all down. Weβre gonna cover: |
The major roadblock to mass adoption β The solution: a one-stop shop for everything crypto π A guide to one of our favorite tools π¨ |
And weβre teaming up with a special friend to make it all happenβ¦ |
Todayβs edition is sponsored by MetaMask Portfolio, an all-in-one dApp that brings your crypto assets and activities together in one window. |
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THE BIG PROBLEM CRYPTO IS FACING TODAY π |
Before we jump in, let me tell you a quick story⦠|
A buddy of mine recently called me up with some questions about crypto. |
Turns out, he had invested some money into BTC at the beginning of the year. He got his first taste of crypto, was up big (+80%), and wanted more. |
He had heard about stuff like NFTs, DeFi, and staking and called me to learn more. |
I was shocked. |
But I knew this was an opportunity. And in the great words of Eminem: |
π΅ βIf you had one shot or one opportunityβ¦ |
to onboard your friends into crypto. |
Would you capture it, or just let it slip? π΅ |
I seized the moment. I explained it all to him and gave him steps to get started. |
The convo looked a little like this⦠|
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By the time I finished, it was nothing but crickets on the other end. |
It was at this moment I realized we still had a huge problem - itβs still too hard and complicated to do anything in crypto. |
If you want to do stuff with your NFTs β you have to go to an NFT platform. (like OpenSea) |
If you want to stake your crypto β you have to go to a different staking protocol. (like RocketPool) |
If you want to swap tokens, itβs another platform. |
You get the point. Different protocols for different use cases - all disconnected from each other. |
So whatβs the solution? A one-stop for everything crypto. |
Lucky for us, some of the best builders are already on it and are developing tools to solve this. Today, weβre gonna dive into one of our favorite onesβ¦ |
MetaMask Portfolio - the place to track and manage your web3 everything. |
Instead of having to connect to multiple exchanges, dApps, and tools to do stuff in crypto - all you need is MetaMask Portfolio. |
It lets you⦠|
Keep track of your crypto portfolio across multiple blockchains and calculate your real-time balances Easily buy crypto Swap & bridge tokens across multiple chains Stake ETH and MATIC via popular liquid staking providers |
All in one window. (game-changer) |
But instead of just telling you about it, let me show you. |
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Think of the dashboard like your Crypto HQ - it helps you keep track of everything across multiple addresses. |
Tokens. NFTs. On-chain activity. You name it. |
It currently supports 7 blockchains including Ethereum, Optimism, Arbitrum, BNB Chain, Polygon, Avalanche, and Fantom. |
Which means that any activity that youβve had across any of those blockchains can easily be viewed through the dashboard. |
You can even download your transactions as a file for when tax season comes around. |
The best part? It calculates your real-time balances across all your accounts and wallets. |
(which is great because The Milk Man was only blessed with a double-digit IQ) |
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MetaMask makes buying crypto as easy as π΅ A, B, C. Itβs as easy as 1, 2, 3 π΅ |
There are 90+ tokens available to purchase across 10+ networks. |
MetaMask works with multiple vetted providers that show competitive quotes and offer different payment options like: |
Debit or credit card PayPal (U.S. only - excl. Hawaii) Bank Transfer Instant ACH And more localized payment methods |
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The cherry on top? Your tokens will be available immediately after the purchase. |
No more waiting for centralized exchanges, you can just buy directly on MetaMask. |
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One of the best features of crypto is being able to swap tokens. |
Have some ETH, but want some USDC? Just swap the tokens using MetaMask Portfolio. |
It aggregates data from various decentralized exchanges (DEXs) and market makers to make sure you get the best price with the lowest network fees. |
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The best part is that MetaMask Swaps cut out the need for a centralized exchange. And because MetaMask is a self-custodial wallet - youβre always in control of your private key and assets. |
(Milk Road Rule #9: Not your keys, not your cheese) |
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Awesome sh*t is being built in crypto every single day. And a bunch of it is on different blockchains⦠|
Ethereum. Optimism. Arbitrum. |
The problem is: in order to do the awesome sh*t on each blockchain, you need to bridge your tokens over from each chain. |
And itβs a pain in the ass. (some call it Danteβs 10th Circle of Hell) |
MetaMask Portfolio is looking to make bridging tokens as easy as clicking a button (literally). |
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And its aggregator always finds the best routes to move your tokens, so you donβt need to search everywhere for the βrightβ bridge. |
Itβs kinda like how a flight aggregator helps you find the cheapest and fastest flights to get you to your destination. You get a direct flight and avoid all the headaches. |
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Staking ETH is something all the cool kids are doing nowadays. |
In fact, ~20% of all ETH is staked. Wowza. |
But thereβs a problem: staking (and unstaking) can be confusing as f*ck. |
Well, MetaMask recently added a βStakeβ feature to MetaMask Portfolio. |
It lets users stake, and unstake ETH using providers like Lido and Rocket Pool - without having to leave the window. MATIC staking has also been enabled recently via Lido and Stader Labs. |
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All you need to do is⦠|
Choose your desired staking provider Enter the amount of ETH or MATIC you want to stake. You can toggle between βmonthlyβ and βyearlyβ to view your estimated rewards from staking this amount. When ready, select βReviewβ to review your stake. Select βConfirmβ once reviewed and sign the transaction in your wallet to approve and submit the staking transaction. Once the transaction is complete, view your accumulating rewards in the holdings card. |
And boom! Youβre done. |
Now users can easily contribute to the security and growth of Ethereum, without all the headaches. |
THE FINAL TAKE |
Itβs an exciting time to be in crypto right now. Thereβs a ton of cool stuff to do in the space. |
But, we need to make it easier and more convenient to do those things, especially if we want to onboard the next billion users in crypto. |
Products like MetaMask Portfolio are a great start. If you wanna discover more, check it out here! |
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BITE-SIZED COOKIES πͺ |
Curve Finance was exploited and hacked over the weekend. Over $100M in crypto is now βat riskβ on the stablecoin exchange. *Sigh* Another week, another hack. |
The SEC asked Coinbase to delist all tokens βexcept for Bitcoinβ prior to suing the exchange. According to the SEC, βevery asset other than Bitcoin is a securityβ. |
Binance secured an operational MVP license from Dubai. Binance is the first exchange in the world to receive a license in Dubai. |
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MILKY MEMES π€£ |
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HIT THE INBOX OF 250K+ CRYPTO INVESTORS |
Advertise with Milk Road to get your brand in front of the Who's Who of crypto. The Roaders are high-income crypto investors who are always looking for their next interesting product or tool. Get in touch today. |
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What'd you think of today's edition? |
π₯π₯π₯π₯π₯ F**king greatπ₯π₯π₯ Meh, do betterπ₯ You didn't bring the heat |
ROADER REVIEW OF THE DAY |
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VITALIK PIC OF THE DAY |
| Milk Road Images @MilkRoadImages | |
| | | | Jul 31, 2023 | | | | 0 Likes 0 Retweets 0 Replies |
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. |