Editors Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
Editors Note: This article comes from
Chatting with Xiaozha (ID: xiaonazha88)
Chatting with Xiaozha (ID: xiaonazha88)
The hottest DeFi mining project in the past two days belongs to moon. Whats so special about its mining? There is nothing special about mining. It is still the familiar Sushi mining model, which provides liquidity for market making and mortgage certificate mining.
Then I have to ask curiously, there are a lot of DeFi mining now, and new DeFi mining projects can be described as one after another, why is it so popular? Could it be that the slogan to da moon was shouted?
If only it could be that simple, there are many factors behind it. For example, Moonswap is backed by the Conflux team; Layer 2 is introduced into AMM to achieve 0 GAS fees; the team is very flexible and can adjust to the market in time.
Of course, for mining people, as long as the profit is high, just dig. The mining of Moonswap is also full of twists and turns, and the plot is constantly reversed.
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1. The story of Moonswap is reversed, with the flavor of YAM and SUSHI
Here is a brief recap of what happened to Moonswap in the past 2 days:
1. Moonswap launched liquidity mining on September 11, and the gameplay is basically the same as sushi;
2. At the beginning of the launch, many players were unable to pledge their certificates normally, and there was a gas fee as high as 600 US dollars at one point, and they cursed again;
3. Although scolded, but fragrant, it has been online for 3 hours, and the locked-up funds have exceeded 200 million US dollars;
4. Because there is no time lock and 1.25 million moons are pre-mined, many big V voices questioned;
5. The weight setting of the pool is unreasonable, and it was shot by the machine gun pool, and the price of Moon was smashed. While questioning constantly, while potentially smashing the market, it faces the risk of zeroing;
6. The community suggested to modify the weight of the pool, destroy 1.25 million pre-mined moons, and add a time lock;
7. The confidence of the community has been boosted, and everything has returned to normal. At the time of writing, the price of moon flew from 2 US dollars to 10 US dollars. Now it has returned to 8.8 US dollars, and the locked funds have reached 490 million US dollars.
DeFi mining, everyone likes it, no private placement, no pre-mining, no team reservation model.
The fact that moon pre-mined 1.25 million moons was dissed by the community, but moonswap explained the purpose of pre-mining 1.25 million moons in advance, but everyone did not pay attention.
However, the Moon team made the decision to destroy the pre-mined part, which shows that moonswap respects the opinions of the community and adopts them in a timely manner.
In DeFi mining, there are indeed many similar cases, such as:
1. YAM, crazy 36 hours, experienced the peak to the bottom, but YAM has come through, and slowly established a strong sweet potato community.
2. Sushi, experienced the reversal of the founder chefs smashing, SBF took over sushi and other plot reversals, sushi successfully migrated, and the locked funds exceeded uniswap.
I saw the taste of YAM sushi on moonswap. What kind of story Moonswap will deduce is worth looking forward to.
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2. Moonswap locked up 200 million U.S. dollars within three hours of its launch. Where does the appeal come from?
For the Moonswap project, the community spread is done by Conflux.
So what is Conflux? The Conflux public chain is a high-performance Chinese public chain that adopts an atomic-mapping heterogeneous cross-chain solution. Investors include Sequoia Capital, Baidu Ventures, Shunwei Capital, IMOVentures, etc.
Regarding the rumor that Moonswap is made by the Coinflux team, Conflux officially released a statement on Moonswap.
Moonswap launched today (September 11) is independently developed by the MoonDex team. All contracts and assets are deployed on Ethereum, and Conflux has not participated so far. In the future, the Conflux Foundation and the community, the assets migrated from Moonswap to the Conflux chain, will donate FC as appropriate to motivate users. The Conflux technical team is also carefully reviewing related asset cross-chain technical solutions.
It can be seen from this statement that although it is denied that Moonswap is directly made by Conflux, it can be seen that Conflux is strongly supporting the development of Moonswap, and will return FC airdrops in the future. Moonswap can be said to be backed by Conflux.
DeFi is the trend of the future, and it has shown great strength. When DeFi is growing wildly, when various nesting dolls and anonymous mining projects are rampant, a project made by a formal and excellent team is very attractive.
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3. The income of Moonswap 2 pool is 48 times, which is very tempting
A strong team is an attraction and an imaginary space for diverse possibilities in the future. However, retaining funds and users depends on current earnings and future value-added space.
Let’s talk about the current income first. At the time of writing, Moonswap’s mining has maintained a very high rate of return. The APY of the Moon-ETH pool is 3206%. At around 9 o’clock on September 13, this pool has been enlarged on the current basis 8 times, that is, the Moon-ETH pool income will be 48 times.
The increase in the price of Moon yesterday also has this factor in it. Of course, this alone is not enough.
This is about the story of Moonswap, that is, the room for future growth. Anyone who has played DeFi knows that GAS fees are a very headache.
Moonswap will introduce Ethereums Layer 2 solution into AMM, allowing users to enjoy a high-speed zero gas fee experience while achieving higher asset utilization.
Of course, many teams are optimizing the issue of gas fees. Many teams are working on the issue of introducing a Layer 2 network and reducing the gas fee, but many of them are still at the story stage. If Moonswap can take the lead in breaking through, it would be awesome.
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4. Moonswap mining began to migrate within 7 days, and the swap test chart was released
The ultimate goal of Moonswap mining is to migrate the Uniswap and SushiSwap LP tokens mortgaged on MoonSwap to Moonswap, and establish a new liquidity pool in MoonSwap. Just like sushiswap.
About 7 days from the start of mining, Moonswap will migrate all liquidity tokens mortgaged on the MoonSwap contract, and use Conflux as Ethereums second-layer solution to receive these cross-chain assets.
