This National Day holiday EOS DeFi is quite lively. TP’s synthetic asset project is launched on the test network, and Dafengshou continues to take the lead in doing things. The assets in Dafengshou’s SWAP fund pool and Dabao’s SWAP fund pool are getting closer and closer.

In addition to Dafeng Harvest and TP, there is another big news that diamonds are going to be involved, and it is a major event in the EOS ecosystem. The diamond treasury will open its public beta at 8:00 tonight (October 2nd). EFI (Original Diamond) It was revealed in the article that the corresponding contract code is still being audited, because after all, it is the holiday period, and the security audit company is also on holiday, so the number of open betas opened this time is also limited in order to reduce the risk of participation .

For example, limit the participation amount of a single EOS account to 200EOS, and the maximum amount of the total fund pool is 100,000 EOS. These restrictions will be lifted after the contract code is audited.

According to EFI’s article, during the public beta period, the vault:

1) Open Defibox's dEOS/EOS market-making mining and trading mining activities;

2) DolphinSwap will be launched on October 4 to map Defibox dEOS/EOS LP mining. If there is any delay, it will be synchronized in time;

3) When the treasury is opened, the EOS voting machine gun pool is also opened immediately.

The diamond vault will undoubtedly have a major impact on the EOS ecology. We have explained its operating mechanism in previous articles. Here is a brief summary of the main ideas of the diamond vault.

When we deposit EOS into the diamond (now renamed as EFI) vault, the vault will return us a token deos issued on EOS. This deos can be understood as a deposit certificate in the vault. It is equal to EOS at 1 :1 ratio, that is to say, how many EOS are in the treasury, then the same amount of deos tokens will be generated.

The deos token can be understood as a certificate for depositing EOS tokens, and the user can exchange the deposited EOS tokens with deos.

The diamond treasury actually solves the problem of EOS voting and liquidity. As we all know, when we vote for EOS nodes, this part of EOS must be in the mortgage state, that is, this part of EOS is in a locked state and cannot be exchanged. Trading, if the EOS market fluctuates greatly, if the part of EOS in the voting wants to trade, it needs to unstake the EOS in the voting, and the unstaking requires a waiting period of 3 days, that is, voting and free flow are mutually exclusive , either vote, or are in a liquid state and can be traded.

However, the deos in the treasury solve the problem of mutual exclusion between EOS voting and liquidity. When we deposit EOS into the diamond treasury, we will receive the same amount of deos. The EOS in the diamond treasury can be used for voting by diamonds. , and at the same time we hold deos, we can exchange it for EOS in the treasury at any time. After this operation, the mutual exclusion of EOS liquidity and mortgage voting is solved.

Don't look at the diamonds in the treasury as just issuing a deos, but it will have a major impact on the EOS ecology, especially on the ranking of EOS nodes.

We know that depositing EOS in the treasury is profitable. When the income is getting higher and higher, more and more EOS will be deposited in the treasury. The EOS deposited in the treasury will be used for node Vote, and the proceeds from voting will be shared with users who deposit in EOS.

In addition to voting income, diamonds will definitely benefit the EOS deposited in the vault in various scenarios. The higher the income, the more EOS users are willing to deposit. Moreover, depositing EOS in the treasury will not lose liquidity. When the market fluctuates greatly, this part of EOS can be withdrawn and sold at any time. If the security of the diamond vault is high enough, more and more users will deposit EOS into the vault to obtain income, and the volume of the vault will become larger and larger.

When the volume of the treasury is large enough, diamonds can even influence the layout of EOS nodes. You can vote EOS votes for those nodes that really contribute to the EOS ecology, so as to vote for those nodes that do nothing but receive benefits. go down.

It seems that for the EOS in the treasury, whether the treasury project votes itself, or the diamond treasury gives the EOS node options to be voted, and then these deos holders decide which nodes to vote for after voting, there is no very clear rule, but I I tend to think that diamonds are used to give the voting rights of nodes to deos holders, that is, to conduct decentralized voting. In this way, EOS holders can decide which nodes to vote for in the end, thus mastering the voting rights. It is really up to these EOS holders to decide which nodes are elected as super nodes. As a result, it is getting closer and closer to the original intention of EOS node voting.

Of course, not all EOS nodes will have voting benefits. I don’t know how the Diamond Vault can solve this problem. It depends on the diamond voting rules.

If one day the number of EOS in the diamond vault reaches 50 million or 100 million, and these users vote entirely, no matter which node they vote for, the diamond will return the voting income, and the income is the same when voting for each node, then the user will Really fair (relatively more fair) voting for EOS nodes will vote for nodes that really contribute to the EOS ecology, which will inevitably have a major impact on the EOS node pattern. The problems that B1 did not solve may finally be solved by the diamond vault.

Deos is a token issued on EOS, and it will eventually have a price. What are the benefits of holding deos? In addition to trading like eos, there are several other benefits:

1. Smart pool income

When we deposit EOS into the treasury, the diamond project side will make this part of EOS continue to generate more income, and voting for nodes to obtain income is one of the many incomes.

2. deos/eos market making and mining income

As we mentioned earlier, the Diamond Vault will open Defibox’s dEOS/EOS market-making mining and trading mining activities, so holding dEOS can be used in Dabao"dEOS/EOS"Trading pairs make markets, thereby earning income from transaction fees and market-making mining revenue.

3. DOP mapping income

According to Diamond, after the referendum is launched in the treasury, DolphinSwap will be launched on October 4 to map Defibox dEOS/EOS LP mining.

DolphinSwap is a diamond dolphin exchange. Genesis mining will end on October 4th, liquidity mining will start, and Dabao’s dEOS/EOS LP mining will start. That is to say, after Dabao uses the trading pair dEOS/EOS to make a market, Dolphin will mine based on Dabao's dEOS/EOS LP, and users will get DOP token mining income.

In addition to Dolphin, it is believed that other projects will issue tokens based on Dabao’s dEOS/EOS LP, and users will also receive more and more different token benefits. For example, as long as a project party wants to provide support on the EOS node, it can actually develop based on Dabao's dEOS/EOS LP token and distribute tokens to users.

It is foreseeable that deos will be a token based on the price of EOS, but the price will fluctuate up and down. The price of deos will be affected by many factors. In my opinion, it is not as stable as REX.

I look forward to the diamond vault contract code being audited and officially launched as soon as possible, and I look forward to making real contributions to the EOS ecology.

Of course, due to Ahua’s limited level of knowledge, there may be deviations in understanding. Everything is subject to the rules released after the Diamond Vault goes online.

As a reminder, the Diamond Vault contract code has not passed the audit, please pay attention to the risks.