Zhao Yi, Founder of Whale Exchange: How Individual Investors Participate in Ethereum 2.0 | The Road to Evolution

On the afternoon of December 1st, the "Road to Evolution - Witnessing the Launch of Ethereum 2.0 Phase 0 Online Live Summit" hosted by Odaily, OKEx, Whale Exchange, Hyperion, and Hashquark was successfully held (Click here to watch the videoOn the afternoon of December 1st, the "Road to Evolution - Witnessing the Launch of Ethereum 2.0 Phase 0 Online Live Summit" hosted by Odaily, OKEx, Whale Exchange, Hyperion, and Hashquark was successfully held (

Click here to watch the video

). At the event, Zhao Yi, the founder of Whale Exchange, gave a speech on "How Individual Investors Participate in Ethereum 2.0".

Zhao Yi first reviewed the history of Ethereum through the three earliest friends who participated in Ethereum, and then explained why Whale Exchange is optimistic about the prospect and competitive position of Ethereum 2.0 from the perspective of EOS developers, and encouraged him to be optimistic about the long-term development of Ethereum. Value investors are all involved in Ethereum 2.0. 

In addition, Zhao Yi also pointed out that there are four thresholds for participating in Ethereum 2.0: 32 ETH need to be pledged, professional operation and maintenance are required, Ethereum 2.0 has a strict punishment mechanism for stable operation (blocks produced on time), and participants will lose 1 -Liquidity within 2 years, and introduced in detail the additional participation value created by Whale Exchange's participation plan (cross-chain DEFI protocol IFSWAP Yifu).

The following is the full text of Zhao Yi’s speech, edited by Odaily, enjoy~

I am Zhao Yi, the founder of Whale Exchange, and the topic I share is "How Individual Investors Participate in Ethereum 2.0".

Let me first introduce Whale Exchange in a simple sentence: Whale Exchange has created unique user values ​​such as no lost coins, no counterfeit coins, 0 commissions, 0 listing fees, and second-level withdrawals, aiming to use blockchain technology for encrypted assets. The industry brings transparency and trust, helping users configure global encrypted assets in one stop. From 2018 to today, we have deployed cross-chain protocols, decentralized wallets, our own investment institutions, and more.

Before talking about Ethereum 2.0, let me introduce our three friends to review the history of Ethereum.

The first one is Gulu. Gulu is the translator of the Ethereum white paper. People like Gulu participated in the earliest round of private equity investment in Ethereum.

The second place is President Xiao Feng of Wanxiang.

The third place is Laomao. At the beginning of 2016, Yunbi was the first domestic exchange to launch Ethereum. The price of Ethereum was about 6 yuan when it was launched. He predicted in 2016 that Ethereum would be to four hundred dollars. I had a phone call with the old cat two days ago.The three friends I'm talking about are the earliest participants in Ethereum. As far as I know, they have all achieved very amazing financial returns on Ethereum. We have also seen that many friends around us bought Ethereum very early, and once bought Ethereum for tens of dollars. But the question is is your Ethereum still there today?

For many individual investors, especially those who bought Ethereum at a very low price in the early days, it is very difficult to hold Ethereum for a long time. Because Ethereum has increased thousands of times from the price of $0.3+ in the earliest private placement to $1,400 at the highest point.In the thousands of times increase, how much money did individual investors earn?Ethereum 2.0 will dominate the world on the public chain track

We believe that,, we are the largest developer of EOS, and it will be more convincing to look at Ethereum from our perspective.We believe that,

All investors who are bullish on the long-term value of Ethereum should participate in Ethereum 2.0

. The reason is as I just said. In fact, individual investors who really make a lot of money are investors who have a deeper understanding of Ethereum and assets, but it is often difficult for us to control our own hands. I think if you are optimistic about the long-term value of Ethereum, and you also think that Ethereum will dominate the public chain track in the future, and you have such a judgment and understanding, then you should participate in Ethereum 2.0 at this moment.

This morning, a friend came to us and asked about our Ethereum 2.0 products. I asked him if you were an early investor in Ethereum. He said that he was, but he sold it at a very low price very early. Later, I joked that in fact, Ethereum 2.0 is passive lock-up and passive riches.

What barriers do all users of Ethereum 2.0 face today?

First, you need to pledge 32 Ethereum;

Second, you need professional node operation and maintenance, you can also deploy on AWS, but you still need professional operation and maintenance;

Fourth, according to the official introduction, the Ethereum you pledged will lose its liquidity within one to two years.

Currently,These four thresholds prevent many users from participating in Ethereum 2.0.Currently,

(Participating in Ethereum 2.0) will have an annualized return of about 17%

, which is Ethereum-based. This rate of return is currently very attractive compared to DeFi. Because there are many unknown risks in participating in DeFi, and the pledge of Ethereum 2.0 itself is far higher in security than existing DeFi.

Whale Exchange has a business called IFSWAP, which is our cross-chain DeFi protocol. This is our very important advantage over other node service providers. Whale Exchange’s Ethereum 2.0 mining pool combines our cross-chain The DeFi protocol, Yifu, issues 1:1 IETH anchored to ETH to solve the liquidity problem of Ethereum 2.0. The trading pair of IETH and ETH will be launched next week, and we will participate in the pledge tonight.

A solution like Yifu creates four points of value for users:

First, we provide users with the highest income in the entire network. In addition to the normal Staking income, we also have two other layers of income, market-making income and liquidity mining income. It is estimated that in the early stage, in addition to about 17% of the income , and additional income higher than 10%;

Second, use the DeFi composable type to generate the strongest liquidity higher than the order book model;

Third, many users are very concerned about it, because the operation and maintenance of nodes is very challenging. If you participate in the services of third-party nodes, the income is full of uncertainty, which will actually hinder the participation of users. Here, Whale The exchange promises to users that we will guarantee all principal transactions to users. Except for the problems of Ethereum itself, all fines and forfeitures will be borne by Whale Exchange;Fourth, from November 25th to December 1st, Whale Exchange will provide 20% annualized exclusive subsidies for 100,000 ETH. From now on, everyone can start to invest in Ethereum and directly participate in our Ethereum 2.0. From 8 o'clock tonight, we will start to deploy nodes one after another. The first income is expected to be generated on December 4th and December 5th. Proceeds will be distributed successively.。

Finally, we still want to reiterate that Whale Exchange is a super node of EOS and a big miner of Filecoin. The reason why we mine on Ethereum is to launch the highest rate of return, the strongest liquidity, and the guarantee of income for users , in fact, the core is because our

Delayed gratification and long-termism

I think that for decentralized financial protocols to be able to compete with centralized institutions, it is very important to meet the needs of users.