Weekly Editors' Picks Weekly Editors' Picks (0211-0217)

郝方舟

Odaily资深作者

@OdailyChina

2023-02-18 08:00 (UTC+8)

This article is about 3302 words, reading the full article takes about 5 minutes

High-quality in-depth analysis articles and weekly hot spots.

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High-quality in-depth analysis articles and weekly hot spots.

"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:

start a business

DeFi

secondary title

start a business

Web3 Entrepreneurship Must-Read: A Financing Guide for Entrepreneurs (Summary of Resources)

"Introduction to Funding for Early Web3 Startups"

sequel. Recommend relevant articles/videos (including release time, reading/watching time, and information sources) to start-up teams according to the financing preparation stage and financing execution stage.

Understanding Balancer in one article: Another noteworthy agreement on the LSD track

The three key factors for the rise of Balancer tech are: unique vault architecture, interest rate provider, and Phantom BPT.

Balancer allows traders to provide higher returns for the corresponding ETH paired with it through its technology.

Rejecting GLP Fud, Deep Dive into GMX's Problems and Future

NFT, GameFi, and the Metaverse

In the bull market in the past two months, because the long-short ratio continued to be 3/1 or even 4/1, the GLP+ fee share did slightly underperform the index, but as calculated above, its U standard price is still rising, since U If the standard is rising, it will not cause too much panic, so the total GLP has not experienced the so-called panic-like decline. For those institutions that are doing U-standard neutral hedging strategies, they originally needed to short $ 0.5 B/E to hold $ 1 GLP, but now they only need to short $ 0.25 B/E, and the margin occupation is actually less, so it is very convenient stabilized. If a large number of people withdraw from GLP and cause a decline in supply, then the increase in utilization rate will lead to an increase in borrowing rates, pushing up the APR of GLP. At this time, more LPs will naturally be attracted, especially institutions and professional investors who are skilled in hedging. Don't fall into a death spiral.However, in the case of long-short imbalances, there will indeed be one party with a low utilization rate. For this reason, GMX will increase the proportion of coins in the multi-party market, increase the proportion of U in the short-side market, and dynamically adjust the proportion according to market demand.。

To sum up, under the bull market, the GLP U standard price rises, retail investors feel at ease, the demand for hedging margin decreases, and institutions feel at ease. This is the reason why the death spiral has not appeared so far. Issues such as internal price feed, funding rate, and transaction ceiling are on the way to be resolved. GNS has done a good job on these issues and naturally has a foothold. The airdrop opportunities brought by new projects to seize improvements are also worthy of attention.

"GMX Lego" at a glance: Inventory of 28 projects built on GMX

NFT, GameFi, and the Metaverse

NFTGO released the 2022 NFT report, 163 pages, interested friends

Click here to get the full text in pdf
The next outlet in the NFT market: dynamic NFT mechanism and use case interpretation
Dynamic NFT (Dynamic NFT, dNFT for short) can be expressed as dNFT = NFT + oracle.
dNFT can realize artistic co-creation, change game experience, enhance brand dynamic marketing, and benchmark accurate traffic. However, for the cross-chain compatible high-performance requirements that run through the chain and the chain, NFT needs to pay capital gains tax but is not included in the security risk of the taxation system, and the operation of the oracle machine cannot be decentralized, leading to more corruption and hacker attacks , while the auxiliary functions of platforms such as Chainlink or Bond are not yet complete.

GameFi Industry 2022 Annual Report: Multi-dimensional Analysis of Web3 Game Market Development

In 2022, the overall market value of Gamefi will show a downward trend, a decrease of US$30 billion from January 2. Annual market loss of 89%.

There are two peaks in 2022 at the end of September and the end of December, likely the result of user growth on Polygon and Ultiverse's Arc 8.

Transaction volume per user has steadily increased throughout 2022, from 17.84 transactions per user on January 1 to 30.48 on December 31.

IOSG Ventures: 4399 in GameFi, will Magic be the next Nintendo?

Ethereum and scaling

Treasure has demonstrated strong execution, self-iteration, and tenacious vitality. It always adheres to the core values of community first, decentralization, and building permissionless free blocks for games. The game center followed by users on Wanchain, more than 18 independent games are built on Treasure.

For TreasureDAO, once there are hit games, it will directly benefit from the new vitality brought by these games. The Beacon has tripled Treasure's user base in the past 2 months. More users and high-quality games will form a gradually increasing positive feedback, attracting more top game developers to participate in the ecology.

The TIP 23 proposal is a milestone event, marking that the era of passive staking to obtain Token is passing, and high-quality game development and ecological contributors will receive more incentives.

TreasureDAO is transitioning to a sustainable, games-first growth model. The decentralization of Web3 and the Token economy make the player community and Treasure more deeply bound, becoming a game ecosystem driven by the player and builder community. TreasureDAO will accumulate and tokenize player activities, deeply share them in the entire game community, and create interoperable functions. This design will not be affected by the short life cycle of a single game, thus enhancing the resilience and vitality of the entire ecosystem.

Ethereum and scaling
A Complete Guide to Ethereum Expansion: Principles and Progress of Mainstream Expansion Solutions
A basic introduction, suitable for beginners to get a preliminary understanding of the expansion field.
From Staking chat, 4 ways to control the Ethereum network

The author borrows the metaphors of work permits and salary cards to verify keys and cash withdrawal keys, and uses this as a boundary to divide staking into four solutions:

CEX class (such as Binance, Coinbase, Kraken);

Large pool subclasses (Pooled Staking, such as Lido and Rocket Pool);

SaaS category (Staking as a Service, such as unmanaged mining pool @ebunker_eth);

Solo class.

SSV is actually a researcher of DVT technology. For the time being, it is not a competitor with the above four types of solutions, but a cooperative relationship. DTV is used to split the verification key. The beauty of splitting the verification key into 4 parts is: when one operator is offline, other operators can immediately make up; at the same time, each operator does not know the complete verification key, which makes the verification process more decentralized. It can make Lido class, SaaS class and Solo plan stronger.

The Rollup-as-a-Service (RaaS) project aims to revolutionize Rollup deployment by providing easy-to-use tools and services that abstract away complex technical details and make them available to everyone. These projects offer a variety of options, from SDKs and user-friendly no-code interfaces to seamless one-click deployments.

hot spots of the week

In the past week,In addition, there is a Rollup Sequencer-as-a-Service (RSaaS) solution, which aims to provide shared decentralized sequential processing capabilities for multiple Rollups.The advantages of RaaS are: more control and customization, avoiding sudden increase in transaction fees, low latency and high throughput experience, bridging fees, serialization fees, Rollup development fees, settlement layer fees, empowering developers without compromise Realizing its own vision, internalizing MEV, potential for transaction fees as protocol revenue, and adding more utility to native token buybacks.secondary title，hot spots of the weekIn the past week,

U.S. CPI figures top expectations, rate hike road continues, February 16Bitcoin Leads 12% Gain in 24 HoursBitcoin computing powerIt broke through 300 EH/s on February 15, a record high;Informed sources:，CZ：US SEC plans to sue Paxos for issuing BUSD as an unregistered security，, New York State Department of Financial ServicesCommand Paxos to stop issuing BUSD, will continue to allow redemptions, Binance confirms itsHas been told by Paxos to stop minting new BUSD tokensPaxos announces end of partnership with Binance on stablecoin BUSD,Bloomberg:, existing BUSD remains fully backed and redeemable until February 2024, Paxos:BUSD is not a "security" and will sue the SEC if necessary, CZ sent a message to remind usersDon't be influenced by FUD and fake news,Bloomberg:，Circle reported to NYDFS last year that “Binance reserves are insufficient to support assets such as BUSD”，Coinbase：, NYDFS "Notice Regarding Paxos Launch of BUSD":，Binance：Binance-Peg BUSD not yet authorized, Circle clarifies: