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

📊Impact Markets over the past week

📉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.

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.

ixo Earth StateRomain NEBOIT

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.

CointelegraphOrnella Hernández

• 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.

Al JazeeraAl Jazeera

• 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.

ForbesClem Chambers

🌍 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.