Weekly Editors' Picks Weekly Editors' Picks (0107-0113)
"Weekly Editor's Picks" is a "functional" column of Odaily. On the basis of covering a large amount of real-time information every week, a lot of high-quality in-depth analysis content will also be released, but they may be hidden in the information flow and hot news, and pass you by.
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.
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Multicoin Capital: Exploring the Web3 Growth Stack Design Space
Multicoin Capital: Exploring the Web3 Growth Stack Design Space
The Web3 Growth Stack is the tools that product managers and marketers use Web3 technologies to build to acquire, attract and retain customers.
The main feature of building the Web3 Growth Stack infrastructure is the deep integration of two core cryptographic primitives (on-chain attributes and identities, and Web3 native bidirectional value flow) into growth tools. The article then expands in detail with examples of how Web3 will impact every part of the growth funnel, starting with user acquisition at the top, all the way to end-user retention.
The author is also excited about targeted solutions in the following areas: DataDAO, privacy-first ad exchanges, new encrypted native ad units, Sybil resistance, and proof-of-humanity.
DeFi
Besides liquidity staking, what other DeFi narratives deserve attention?
zk-EVM (focusing on the upcoming ecosystem, including: the launch of new projects, potential airdrops and protocol migration), decentralized options in DeFi (using options as the back-end infrastructure of DeFi), robust, with Liquid stable currency agreement, agreement with actual demand and income + token value accumulation, AI.
In the battle for DEX leadership, will Uniswap lose to Curve?
The author believes that Curve Finance is superior to Uniswap in terms of pricing power and profitability, and can become the main source of anchor asset price information, and Curve draws 50% from LP transaction fees, but it can still be used without leverage. Superior ve token economics attract huge TVL.
What Curve Finance is better than Uniswap is to guide liquidity through the ve model Curve and endow CRV with practicality. In contrast, UNI has no utility at all and has no relevance to Uniswap business. In addition, Uniswap TVL is leveraged.
LP suffers more in DEX without pricing power. It is difficult for an exchange without pricing power to occupy a leading position in the industry, which in turn affects its profitability.
At present, the contract addresses holding the most veCRV are Convex, Yearn, and Stake DAO. The three hold 50.7%, 7.9%, and 4.1% of the total veCRV respectively, and a total of 62.7% of the total holdings. Convex is the absolute leader in "Curve War" right now.
In extreme cases, the exchange ratio of cvxCRV/CRV has a negative premium of more than 10%, indicating that the current demand for cvxCRV is insufficient. Convex announced on January 2 that it will introduce a series of measures through governance voting to increase the rights and interests of cvxCRV. More stakers who favor cvxCRV will buy back cvxCRV and allocate more CVX tokens to cvxCRV stakers. In addition to liquidity reasons, CRV's high inflation and low income may also be the reason why cvxCRV holders lose confidence.
NFT, GameFi, and the Metaverse
Analysis of the application status of NFT leasing in Web3 games
Most of the users in the Web3 gaming space come from a few top games; 7% of the top 100 games support NFT leasing, and 18% plan to adopt this model.
The main reason gamers use leasing is to reduce costs and increase winning chances in NFT games by using or combining NFTs.
Barriers to game developers adopting their own rental marketplace include technical hurdles, lack of prioritization, or counter-intuition.
IOSG Ventures: Is GameFi dead? A glance at the entire ecological industry map of encrypted games
The whole GameFi consists of 8 parts - client aggregator, game, multi-game platform/publisher, liquidity provider/financial instrument, blockchain solution provider, game engine, developer/studio and chain.
Discuss the new direction of chain games: What ecology and teams are worthy of attention in the whole chain game?
One of the ideas for encrypted games is to integrate the token incentives in DeFi to form GameFi, and the other idea is to learn from the characteristics of DeFi decentralization to build decentralized games on the chain, that is, DeGame. The former are huge and have spawned other derivative concepts like Play to Earn and even X to Earn; the latter are few and far between.
GameFi is difficult to succeed because it has basically not made any "decentralization" efforts at the product level (except for tokens and NFT registration and issuance through the blockchain). The characteristics of the full-chain game (DeGame) include openness, composability, and more decentralization.
The calculation speed and cost of the existing public chain are still difficult to meet the calculation requirements of even a small casual game. However, with the gradual maturity of various Rollup solutions and the gradual advancement of the Ethereum mainnet upgrade plan, this performance bottleneck that once blocked the development of the entire chain of games is gradually showing signs of being broken.
Understanding Web3 Identity in One Article: Blockchain, Identity Proof, and Oracles
Web 3.0
Understanding Web3 Identity in One Article: Blockchain, Identity Proof, and Oracles
The core of Web3 is to minimize trust, and the process can be almost 100% guaranteed to proceed as the participants expected. Financial incentives alone are not enough to create the framework for end-users to engage in social and economic activities. Web3 protocols may also face many other challenges, such as legal compliance, verifying off-chain behavior, or resolving disputes. Therefore, we urgently need to create an on-chain identity layer for Web3.
Web3's identity solutions are mainly divided into three categories (official identity, social identity, self-identity), which can be used alone or in combination to meet different needs.
Here are seven unique on-chain identity solutions that can unlock a variety of innovative Web3 use cases: legal proof of identity - "you are someone"; social proof of identity - "you have an online account"; proof of authorship - "You created something"; proof of funds - "how much money you have"; proof of social reputation - how much social reputation you have; proof of personality - "who you are"; proof of interaction - who are you with interacted.
In addition, this week DAOrayaki & THUBA DAO also produced a long research report "Analysis of Web3 Social Genre Controversy Through Case Study》, around the Web3 application layer, social and content scenarios, DID/innovation scenarios (represented by the metaverse 3D space).
Explain in detail the selling pressure of Ethereum Shanghai upgrade from nine aspects
Explain in detail the selling pressure of Ethereum Shanghai upgrade from nine aspects
After the upgrade of Ethereum Shanghai, which tracks will explode?
After the upgrade of Ethereum Shanghai, which tracks will explode?
Staking, L2, MEV.
The upgrade of Ethereum Shanghai is approaching, and liquid staking products have become the first narrative this year?The upgrade of Ethereum Shanghai is approaching, and liquid staking products have become the first narrative this year?》Introductions were made from the overview, the upgrade of Ethereum Shanghai, key players, innovative liquid pledge agreements, and the risks of liquid pledge products.
Shanghai upgrade is coming soon, how to scientifically obtain ETH Staking benefits?
Yield rate (commission), liquidity, discount, and risk are the four elements to participate in liquidity staking. Reasonably compare the four points of each company to find a solution that suits you.
There is not much difference in the rate of return, about 4% -5% for pure staking, about 7% for AMM, and Frax currently has a certain early dividend; there is a huge difference in liquidity, for a slippage of 0.2% (half a month pure staking income ), stETH can sell 40,000, while bETH can only sell 10; in terms of decentralization and transparency, DeFi is significantly better than CeFi.
Specific to Lido, "The Lido Story: Value, Growth and Moat" mentioned:
Lido's moat is mainly brought about by its scale advantages. On the one hand, it has a strong rate capability for node operators, and on the other hand, it is the terms and conditions obtained in DeFi Lego.
In the future, Lido needs to solve two core problems:
The two-tier governance model allows stETH holders to participate in community governance, alleviating the concerns of the ETH community about the share of Lido;
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hot spots of the week
In the past week,Bitcoin broke through 19,000 USDT in the early morning of January 13, the highest level since the FTX crash, people familiar with the matter:U.S. Attorneys, SEC Investigate Fund Transfers Within DCG，Morgan Stanley has bought $3.6 million worth of GBTC through its European Opportunities Fund，GBTC up 12% on Monday, the largest one-day gain since February 2022, DCG (letter to shareholders) and Gemini (open letter) hold their own,Gemini has terminated its customer loan agreement with Genesis, will give priority to returning customer funds,Mt.Gox creditor registration deadline pushed back to March 10，Options Market Maker Group One Buys 13.5% Stake in MicroStrategy，FTX US Leadership Reaches Partnership Agreement with Bahamas Liquidator, The Wall Street Journal:FTX Seeks to Recover SBF's Multi-Million Dollar Charitable Donation，117 Financial Institutions Interested in Acquiring FTX Subsidiary Business for Sale,lawyer:FTX Has Recovered Over $5 Billion in Cash and Liquid Assets，FTX Plans to Sell Non-Strategic Investment Assets with a Book Value of $4.6 Billion，SEC Charges Gemini and Genesis with Issuing and Selling Unregistered Securities, the U.S. court ruledFTX can sell four subsidiaries including LedgerX and FTX Japan，AEXIt is planned to transfer some platform assets to customers at a discount every month in exchange for AUSD destruction;
In addition, in terms of policies and macro markets,Fed: 50 bps or 25 bps will be discussed at next meeting, Hong Kong Financial Secretary Chen Maobo:Hong Kong has become a foothold for high-quality virtual asset companies to connect, my country's central bank:"Money in circulation (M0)" includes digital renminbi in circulation from December 2022；
In terms of opinions and voices, He Yi:Binance employees are not allowed to speculate in coins. After buying, they must hold the position for more than 90 days before trading；
Institutions, large companies and top projects,Venom Foundation and Iceberg Capital Launch $1 Billion Web3 Fund "VVF", the first Ethereum core developer meeting in 2023:In early February, the public test network was launched for the Shanghai upgrade, and the main network upgrade was launched in March；
NFT and GameFi fields,Yuga LabsThe casting of Sewer Pass will be opened and the casting activity Dookey Dash will be launched,Azuki launches community-built virtual city "Hilumia"，Polygon pays y 00 ts $3 million, to facilitate the project's migration to Polygon,NFT marketplace SuperRare to cut staff by 30%...well, another week of ups and downs.
With "Editor's Picks of the Week" seriesPortal。
See you next time~
