Weekly Editors' Picks Weekly Editors' Picks (0128-0203)
"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.
Now, come and read with us:
Investment and Entrepreneurship
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.
Now, come and read with us:
secondary title
Investment and Entrepreneurship
Messari: 2023 USD Liquidity Forecast and Future Market Outlook
Understanding the mechanics and movement of dollar liquidity will help all participants navigate market volatility.
The global price of an asset is driven by the availability of cash (money and credit) and the supply of the asset. All else being equal, fewer dollars means lower prices. Fed balance sheet flows have become the most important component of dollar liquidity. QE and QT affect risky assets (i.e. cryptocurrencies) through the “portfolio rebalancing effect”. During quantitative easing, that meant money flowed into risky assets. Also, withdrawals from the US Treasury General Account - TGA are good for assets, meaning more dollars flow into the economy and less debt is issued (in the form of US Savings Bonds, US Treasury Bills, and US Treasury Bills). The New York Fed's reverse repurchase facility (RRP) absorbs these savings to establish a "soft floor" on short-term interest rates.
For now, investors should continue to focus on the debt ceiling negotiations, while keeping an eye on the daily Treasury statement. Given the volatility of capital markets, and the growing correlation between capital gains and tax revenues, trends and shifts in momentum should be closely monitored. Other factors to consider include recession, interest rate differentials and dollar strength, other central banks.
DeFi
Bitcoin price under macro liquidity modeling
According to CVDD, the sell-off price floor may be in the $13,500-$16,000 range.Bitcoin is now undervalued after a massive capitulation sell-off that has entered a historic value range.Always keep an eye on the real net liquidity indicators and the reverse reverse repurchase line to confirm the continuation of the trend. Only if these two indicators show a strong trend can the cryptocurrency market continue to prosper.
A debate triggered by a number, who will be the king between Curve and Uniswap?
DeFi_Cheetah believes that CRV's token economic protection Curve has established a high barrier to competition; Curve's "liquidity as a service"-the function of solving liquidity needs on the chain; Uni V3 has lost its asset pricing power. And WinterSoldierxz in this article believes that: Curve's Ponzi token economics is unsustainable; Uniswap has a better business model.
On this topic, CapitalismLab in "
"The point of view in is:
NFT, GameFi, and the Metaverse
The connection between DEX and users is weak, and the moat is relatively shallow;
CEX spot trading is free, and it is more difficult to obtain pricing power;
Ethereum and scaling
NFT, GameFi, and the Metaverse
27 key figures of the NFT industry
Published by Footprint, the basic statistics of the NFT industry in the past year.
Ethereum and scalingEthereum Shanghai upgrade, 5 key points that verifiers need to pay attention to》《Partial withdrawals are processed very quickly; full withdrawals need to be queued (about 1 month). After the withdrawal is over, it will be directly added to the wallet balance, even without Gas. Allowing withdrawals is actually a cross-chain between the execution layer EL and the consensus layer CL. When you are a staking node, you fill in a withdrawal address, and you must keep the private key of the address and the private key of the node.》
Ethereum Shanghai upgrade, three details worth your attention
This Shanghai upgrade mainly includes: 1. EVM detail optimization (EIP-3651 and EIP-3860); 2. Beacon chain withdrawal (EIP-4895); 3. Bytecode improvement (EIP-3540, EIP-3855, EIP-4200, EIP-4750, and EIP-5450).
Readers who are interested in specific proposals are recommended to read "
Detailed explanation of the latest proposal of Ethereum EIP-5988: a new solution for L2 interoperability
Foresight Ventures: Comprehensive analysis of EIP-4844, Ethereum's first step towards Full sharding
Lending agreement will become the biggest hidden winner after ETH Shanghai upgrade
LSD is originally a high-quality collateral, and you can earn interest when you mortgage it; leveraged pledge is the first engine for the growth of LSD scale, and collateral and borrowing are highly related, increasing income while reducing the risk of liquidation. Essentially, the lending agreement acts as a channel to transmit the pledge interest rate to the original assets. Therefore, with the increase in the scale of LSD coming from Shanghai's upgrade and the reduction in price volatility, the lending agreement will make a fortune in silence.
Other airdrop opportunities that have been spawned include: DeFiSaver, an established project that manages DeFi positions and has not yet issued coins, and cian.app, which does LSD-related automation strategies.
From 0 to $1.3 billion within 100 days of going online, where does frxETH’s high returns come from?
Unlike stETH, which directly distributes staking rewards to stETH users through rebase, frxETH users cannot directly obtain staking rewards—if frxETH users want to obtain Ethereum staking rewards, they need to re-stake frxETH to sfrxETH. It’s just that the accumulation method of pledge rewards is still frxETH, but since not all users choose to pledge frxETH to sfrxETH again, sfrxETH will accumulate more frxETH as time goes by. This means that when sfrxETH users exit, they can participate in the sharing of the entire frxETH reward pool, thereby obtaining a higher rate of return than similar products. Frax Finance provides another income option for frxETH users - deposit frxETH into Curve's frxETH/ETH liquidity pool to reap LP income.
Frax Finance holds the most Convex governance token CVX (20.5%), and Convex controls more than half of Curve's voting rights (veCRV), which gives Frax the opportunity to use the huge exchange rate to affect Curve's reward emissions, thereby creating higher returns possible.The article is divided into three parts: principle interpretation, MEV's ecological structure, investment and entrepreneurial opportunities, prediction and outlook on the future builder-proposer separation architecture.》。
New ecology and cross-chain
Inventory of the 7 Layer 2 expansion projects that have recently launched the test network
Sort out Taiko, Mantle, Scroll, Intmax, ConsenSys zkEVM, Opside, Specular from the perspective of technology and progress.
New ecology and cross-chain
Safety
Annualized rate of return: Hop Protocol (8 - 12%), Synapse (5 - 22%), Across Protocol (4.5 - 17%), Stargate (3-10%).
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Common practices used by Web3.0 wallets to protect user private keys on Android mobile devices
hot spots of the week
In the past week,Most major wallets solve the key storage problem using hardware-backed key protection technology, but do not check device integrity (such as whether it is rooted).，Wallet developers should also pay attention to how to take full advantage of the Trustzone design on Android to better mitigate common risks.secondary titlehot spots of the weekIn the past week,Nostr set off a wave of decentralized socialAlameda seeks to recover $446M from Voyager, rejected by creditors and Voyager, the judge has, the US Department of Justice has begun investigating crypto banks
In addition, in terms of policies and macro markets,Silvergate's relationship with FTX, the Terra Classic community passed on "Reanchor LUNC with USTC；
” signal proposal;In addition, in terms of policies and macro markets,the fedNew York State Receives Crypto Bill Allowing State Agencies to Accept Cryptocurrencies as Payment；
Institutions, large companies and top projects,perspectives and voices,，Charlie Munger calls for a ban on cryptocurrencies in the USMore than 70% of Wall Street traders plan not to touch cryptocurrencies this yearEthereumPantera Liquidity Token Fund Down 80% in 2022, Has Refocused on AltcoinsBNB Chain Releases BNB Greenfield White PaperMetaMask update new features, users can change the RPC provider to send requests to third-party services,EthereumSynthetix v3The public withdrawal test network Zhejiang has been launched, and the test network Shanghai+Capella will be upgraded next week., aiming to revolutionize data ownership and utility standards,；
NFT and GameFi fields,Stargate Proposes Reissue of STG Tokens，Coinbase NFT, to eliminate the risk of illegal transfer of tokens held by Alamada,Cool CatsSudoSwap released the governance token SUDO and opened the governance moduleSudoSwap released the governance token SUDO and opened the governance module，ImmutableX plans to launch Immutable Passport, a Web3 game pass system...well, another week of ups and downs.
With "Editor's Picks of the Week" seriesPortal。
See you next time~
