EOS latest progress: Emerald project has refunded; Dabao + Dafengshou KEY locked up over 990 million

Just two days after Jade’s accident, Coral’s RAM contract was breached by hackers. At present, Jade’s incident has been basically resolved, as mentioned in the introduction of the Chinese cabbage project: Fang, the Jadeite project, finally couldn’t stand the coins from TP and others. Circle the pressure on Holmes. Dirty money returned. The shocking 48 hours is enough to be recorded in the history of the EOS public chain. Salute to TP's awesomeness.

Diamond, another star project of EOS DeFi, the first batch of mined EOS/USDT/OGX will expire in a few hours. At that time, a large number of EOS/USDT/OGX will flow to the market. Where will they flow? Dabao or Dafengharvest?

The rise of DEX based on the AMM automatic market maker model has had a great impact on KEY. A large number of KEYs are being unlocked from Bihu/MYKEY and flowing to DEXs such as Dabao/Dafengshou. This new KEY financial management method is very important for What kind of impact will the price of KEY bring?

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1. The Emerald project party has started to refund

The emerald project party running away incident I wrote yesterday has the latest progress. The team has contacted TokenPocket and started to withdraw coins. During the whole process, TP's active coordination played a key role.

Let's take a brief look at the processing of the Emerald Event.

On the 9th, TP made the first call to the EOS account sji111111111 of the Emerald project party by transferring money and adding memo:

We have located your ip, mobile device and other information through your use of TP wallet, and cooperated with security companies and exchanges to further obtain more information about you. We hope you can establish communication with us and properly handle this matter. Email address: service@tokenpocket.pro.

The impact of the Emerald incident is still relatively large. There are few DeFi projects on EOS. Emerald is the first project to run away, which not only damages the interests of the majority of EOS holders, but also has a relatively large damage to the entire EOS ecology. Yes, after the incident came out,"Wallet side + exchange + security company"The joint attack, like the DF incident, located the key information of the project party. Under pressure, the emerald party had to finally choose a refund.

When the Emerald project team was on the road, they transferred funds to Binance and the coin laundering platform changenow. If the exchange cooperates, it will definitely be able to find out the KYC information of the Binance account.

And this time the ChangeNOW platform is also very cooperative, and the move is also fast. The 121,000 EOS that has been transferred to the ChangeNow platform has been frozen.

After TP called Emerald several times, Emerald finally got in touch with TP, and after TP finally announced the refund account (emdemdrefund), Emerald returned part of the funds to the EOS account.

Judging from the emerald account and emdemdrefund transfer records, emerald has refunded 56,000 DFS and 260,000 EOS. According to the current market value, more than 7 million yuan has been refunded. Subsequent USDT and EOS will also be refunded to this account.

For Jade, after making such a fuss and taking such a big risk, plus the money from the pull, it is estimated that this time it has lost a lot, why bother? Now that DeFi is so hot, it is better to do a good job in the project, maybe you can make a lot of money.

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2. Where will OGX, USDT and EOS of diamonds go?

In a few hours, the first batch of EOS, USDT and OGX mined by the diamond project will expire. Where will these assets flow?

according to

according tohttps://dmd.finance/According to statistics, the current numbers of EOS, USDT and OGX in the DMD pool are as follows:

EOS：15939094；

USDT：29500673；

OGX：27364660。

Among the current EOS DeFi projects, whether it is EOS, USDT or OGX, the amount of locked diamonds is the highest. No matter which project this part of funds flows to, the impact will be huge. Therefore, there will inevitably be projects to compete for This part of the huge amount of money. Among these projects, the most promising ones are of course Dabao and Dafengshou. Most of the EOS, USDT and OGX withdrawn from the diamond project will also flow to Dabao and Dafengshou.

Dabao has already started to take action, and will hold a week-long EOS+OGX liquidity pool mining incentive activity. During this period, the market-making mining weight of EOS+OGX will be adjusted to 1.5, and the new transaction mining weight will be 0.5 .

Dabao’s incentive activities will at least receive a part of EOS+OGX from diamonds. Dabao has indeed done too little recently. The price of BOX has dropped a lot, and the amount of funds in the liquidity pool has also continued to decline, from the market value of more than 10 million EOS to More than 7 million, I don't know if it can rise again this time.

Of course, after the mining time of the first batch of diamond tokens is over, a large part of EOS, OGX and USDT will surely flow to Dafengshou, because in Dafengshou market making can engage in double mining, triple mining and even pig mining. The 100 dug that my brother said. In fact, it is the ILPO model recently launched by Dafengshou.

The ILPO model is nothing more than taking LP Token from Dafengshou market making, and then other project parties issue tokens based on the LP token of Dafengshou market making. For users, Dafengshou market making can also mine other tokens for free , of course I am very willing, after all, I can get more income. This is a bit equivalent to Dafengshou’s airdrop. As long as you provide liquidity for Dafengshou, you can get free airdrop tokens.

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3. The lock-up volume of KEY in Dabao and Dafengshou liquidity pool has exceeded 990 million

With the rise of DEX based on the automatic market maker AMM model, the impact on KEY is undoubtedly relatively large. For KEY holders, the income of making a market through DEX is much higher than the income of locking positions on Bihu. Moreover, market makers have many advantages compared to lock-ups.

Holding KEY and choosing to be a market maker in DEX not only has high returns, but the biggest benefit is of course the acquisition of liquidity. As we all know, you need to lock up your position on Bihu, and if you want to unlock it, you need a 30-day waiting period. In DEX, market makers can deposit and withdraw at any time, with almost no restrictions. These KEYs can be sold in the market at any time.

We know that the price of the cryptocurrency market fluctuates greatly. Once there is a large fluctuation, because the KEY is locked in Bihu or MYKEY, we cannot perform any operations, and we will not be able to capture short-term arbitrage opportunities. With DEX, KEY holders put KEY in the liquidity pool of DEX, which is equivalent to putting it in a wallet. This part of KEY has no lock-up time limit and can be traded in the market at any time. For users Obviously a lot more convenient.

It is precisely because putting KEY into the liquidity pool of DEX that market makers can not only obtain income, but also not lose liquidity, so taking KEY to DEX for market making has become a new and better way of KEY financial management . We have also seen that the number of KEY unlocks has been relatively large recently.

Let's take a look at the data such as the lock-up volume of KEY in Dabao and Dafengshou.

Dabao's EOS+KEY liquidity pool has the largest number of locked KEYs, exceeding 600 million. Its annualized income has reached 223%, among which the annualized income of transaction fees has reached 138.93%, and the annualized income of market-making mining has reached 84.98%, which is much higher than the income of likes.

And the bountiful"EOS+KEY"The number of KEYs in the liquidity pool is nearly 380 million, and the estimated annualized rate of return is 215%, which is slightly lower than that of Dabao.

Let's count the number of KEYs in the liquidity pools of Dabao and Dafengshou.

Dabao: 618790452.7524 KEY;

Harvest: 378543604.0263 KEY

Total: 997334056.7787 KEY.

It can be seen that the number of KEYs in the liquidity pools of Dabao and Dafengshou has exceeded 990 million. This number is still very amazing. I believe it will soon exceed 1 billion, 1.5 billion, 2 billion...

From the position distribution of EOS-KEY, it can be seen that the number of KEY in the Dabao liquidity pool has ranked first, even surpassing the second-ranked MYKEY. For KEY, this is a huge turning point. KEY is moving from MYKEY/Bihu flows to the DEX based on the AMM model.

More and more KEYs are unlocked, will it have a big impact on the price of KEYs?

As more and more KEYs are unlocked from MYKEY/Bihu, there will be more and more KEYs in circulation in the market, and the price of KEYs will become more and more market-oriented, and KEY will come to this day sooner or later , will face such a problem sooner or later. Judging from the current market reaction, although it will indeed have a certain impact on the price of KEY, it seems that the impact is not very big.