Will DeFi usher in a second spring in the short term? The security of Ethereum 2.0 has become the biggest concern

Editor's Note: This article comes fromCybtc Blockchain (ID: cybtc_com), Author: cncoin, reproduced by Odaily with authorization.

Editor's Note: This article comes from

Cybtc Blockchain (ID: cybtc_com)

Cybtc Blockchain (ID: cybtc_com)

, Author: cncoin, reproduced by Odaily with authorization.

With the rebound of the market, many people are more concerned about defi, which has fallen more seriously in the early stage, because in this wave of rise, defi tokens have risen very large, so it has also attracted the attention of many people, and some people even say that defi will welcome It's the second spring, is this really the case?

First of all, when we look at DeFi, we cannot simply judge the rise or fall of DeFi-related tokens. If it rises, it is a bull market, and if it falls, it is a bear market. Simply put, the driving force is that more funds enter, while in a bear market, more funds are withdrawn.

If during a certain period of time, funds are transferred from one currency to another, is this a bull market?

Obviously not, because such funds are not sustainable and can only be passed on by drumming, so naturally they cannot persist.

The previous defi token lock-up has been increasing, which actually shows that part of the funds actually entered defi, so we call it incremental funds. Driven by incremental funds, defi tokens naturally rise, and defi becomes active up.

But what about this time? Defi tokens have not increased much, but have been falling, and the increase in funds participating in defi has also been shrinking. That is to say, defi is still in a cooling-off period, and there is no possibility of ushering in a second wave of outbreaks.

Secondly, we need to take a look at the new ways of playing DeFi, which is the internal driving force behind the increase in DeFi.

We knew before that when defi broke out overnight, it was mainly the deposit, loan and coin delivery function of compound. Later, when uniswap became popular, we all knew that currency exchange and liquidity market making were hot, and later, liquidity market making The new gameplay is quite interesting, but the combination of liquidity market making and NFT is still a tepid situation.

What we need to pay attention to here is the liquid market making of DeFi. In fact, no matter how the gameplay is changed, it is still a liquid market making. This point has not changed. Only the details have changed. Liquidity market-making by depositing a currency, before there was a single-currency income, and now there are various nesting dolls income, before it was just a simple liquidity market-making, and now there are various ways to combine nft.

In terms of development in the future, although we can continue to innovate, this is only in the details, and the general direction has not changed.

Another point is that defi has almost moved over the functions of the traditional financial market, which means that the functions of the traditional financial market have not had much innovation in recent years, and the future innovation of defi may be more difficult.

Of course, after moving here, the primary task of the defi ecology is to let the market accept its existence and let users get used to it. This is the key. Only when users are willing to use it can it bring incremental funds to defi. Come the obvious bull market.

At the same time, we have also observed that there is actually another key point in the current DeFi, that is, after the emergence of a short-term bull market, the market actually needs a cooling time. On the one hand, innovation cannot come in a short time. On the other hand, we have to observe that the current bubble in the DeFi market has just burst. Many people, especially those who have been cut leeks before, may have prejudice against DeFi, so they are not willing to go to DeFi. Participate in defi.

In layman's terms, it means that the sickle has just been cut, and you need to recuperate, otherwise you will steal chickens and lose money.

From this perspective, it is true that DeFi has not yet reached the point where it will erupt again. Even if some coins may nearly double, it is unlikely that they will.

So will Ethereum 2.0 and layer 2, which have recently attracted attention in the market, bring more room for imagination to DeFi?

In fact, we all know that the deposit contract of Ethereum 2.0 has come out, and many people are anxious to deposit coins, but the author personally does not advocate this point. Generally speaking, the complexity and security of the system are basically inversely proportional to each other. Ethereum 2.0 is a relatively complex large system, so we need to be cautious before it is officially perfected, because code security is the most fundamental core key of the blockchain, but Ethereum is currently anxious to solve tps and other issues, Therefore, we will be more cautious in code security.

So in this way, we should maintain a cautious attitude and don't rush to get involved, because even if there is no problem, we will not get rich by playing 32 coins, but once there is a problem, no one knows what will happen Sample.

Some people may think that Ethereum has a testnet, and it went online after trying it without any problems before, but the testnet is only for testing. Once it goes online, more people will use it. Everyone’s situation is very complicated, so It is impossible to cover everything. In fact, Ethereum can learn from Polkadot.

There are multiple Pioneer networks in the Polkadot ecosystem. Simply put, they function as testnets, but they are real mainnets. The development progress of the Pioneernets is four times that of the Polkadot mainnet. Whether there are any loopholes in the real test technology in the environment, the same relationship between Bitcoin and Litecoin, we can simply think that Litecoin is the leading network of Bitcoin.