Core content creators include:
We focus on innovative projects, cutting-edge encrypted digital technology, global market compliance trends, market fundamentals and volatility factors; aiming to help market participants and cryptocurrency enthusiasts lower the cognitive threshold for entering the market.
Core content creators include:
- Shenyu (Mao Shixing) Co-founder and CEO of Cobo, Co-founder of F2Pool
- Jiang Changhao, co-founder of Cobo, former Facebook senior scientist
- Lily Zhuo Cobo COO, Former General Legal and Compliance Counsel of a Well-Known $40 Billion Fund
We also hope that lifelong iterative learners who have research spirit and scientific methodology in the field of encrypted digital currency can join us and export thinking insights and research views to the industry!
We also hope that lifelong iterative learners who have research spirit and scientific methodology in the field of encrypted digital currency can join us and export thinking insights and research views to the industry!
This is the 2nd article by Cobo Labs.
Introduction: Previously, Cobo and Rhythm jointly held the first art life in the metaverse world, and invited Shenyu to visit Cryptovoxels with everyone, which aroused heated discussions among industry professionals. This time, Shenyu appeared again at the invitation of Cobo VIP users to share inside Cobo VIP meeting.
In this Cobo internal sharing meeting, Shenyu answered popular questions from enthusiasts in the encryption world about NFT, metaverse, and Cobo DeFi fund product differentiation. Below is the full text of this discussion condensed by Cobo Labs.
Also, there are easter eggs at the end~
Under the popular concept of NFT and Metaverse, ETH will capture the explosive growth point of the entire industry
In this communication meeting, Shenyu once again mentioned the connection between NFT, Metaverse and ETH. God Fish said,At present, the consensus among the participants is that NFT is the underlying asset of the Metaverse.
The current consensus is that there are two kinds of NFTs, one is based on NFTs on ETH, and the other is NFTs on other chains. However, the recognition of NFT on other chains is not high, which means that if NFT is the underlying asset of the Metaverse, and a large number of NFTs are issued on ETH, the carrying logic and bottom layer of the Metaverse in the future will be in ETH or the ETH side chain Therefore, ETH will capture the growth point of the explosion of the entire industry, although both NFT and Metaverse are in a very early state.
In the past month, NFT has brought a significant increase to ETH, and there have been many hot NFT projects. It just so happened that ETH has upgraded EIP-1559. It has greatly surpassed the top DeFi protocol. In this case, it is actually allowing ETH to capture the value of NFT.
However, NFT is still in a very early stage. Judging from the current stage, NFT has very good liquidity when the market is good, but when the market is bad, the liquidity is also very poor, and there are few transactions within a day. NFT needs to be long-term To develop, the problem of mobility must be solved.
At present, we have seen the trend of NFT fragmentation, NFT mortgage lending combined with DeFi, and the synthetic casting of NFT into an ERC20 Token. From this perspective, the future can be expected. After all, the metaverse is a very big matter, and it may be a major civilizational change in human society. Perhaps in the future, peoples communication and collaboration and life experience will all take place in the Metaverse.
Core questions and differentiated answers to Cobo DeFi funds
How do the three products of Cobo DeFi Fund deal with volatility and retracement and product differentiation?
Problem background: The Cobo DeFi fund product launched by Cobo for overseas institutions and operated by Shenyu has been pre-sold for a week, and has won the favor of institutional customers. Institutional users can freely match products according to risk and return expectations.
According to Shenyu, currently Cobos DeFi fund products are divided into three categories, the first category of low-risk products Whale, the second category of medium and high-risk products Sword Fish, and the third category of high-risk products Bloody Fish.
Whale is a low-risk product, basically does not use leverage and there will be basically no retracement phenomenon. In extreme market conditions, it is only a retracement at the intraday level. Stablecoins may have a one percent or a few thousandths in the short term. Volatility, especially extreme, may be that there is a systemic risk in a certain stable currency, but in extreme cases, the platform will intervene in the middle to ensure stable returns.
Swordfish is a medium-risk product, and some LPs will make the market, and there will be some impermanent losses under extreme market fluctuations, but Cobo has an automated system for risk hedging. This also explains why Swordfishs products need to be fully managed, not user managed.
Personal management does not have good timeliness to hedge risks, while Cobos automated system can complete stop loss under certain trigger conditions. Normally, if you can quickly stop the loss, the cost is about a few percent; and if there is an extreme situation on the chain, the Gas Fee is high, and the slippage is huge, and there may be a fluctuation of a few percent.
This product may use some leverage to increase returns. This is a common method in DeFi. Leverage may face risks under extreme market conditions. However, because the platform is managing it and has some leverage management tools, it can actively participate Lowering leverage may result in some Gas consumption and some slippage, so this product basically has a drawdown of a few percent or a few thousandths.
Bloodthirsty fish is a high-risk and high-yield product, and the corresponding retracement will be exaggerated. The current ideal state of retracement is to control the retracement at 50%, but this situation has not yet occurred. Because its rate of return is very high, there may be a few percent of income per hour, as long as the system can run smoothly for a few hours and there are not so extreme situations, basically there will be no particularly large losses, even if there is an extreme situation In case of any situation, the system will respond quickly and stop losses quickly.
Therefore, under normal circumstances, the first type of whale products, regardless of the risk of stablecoins, or through a method of hedging, can basically achieve no intraday retracement, or intraweek retracement, and there may be some restrictions on entry and exit. Some slippage occurs; the second product Swordfish basically has a retracement of one hundred or five or a few thousand, and the third bloodthirsty fish has a retracement of 30-50% in the most pessimistic situation.
For the two types of products, swordfish and bloodthirsty fish, Shenyu also gave its own investment cycle suggestions. Swordfish and Bloodthirsty Fish both have a period of 3 months. DeFi products are emerging one after another. There are dozens of projects in Cobos research list. There are still many hot spots. The new public chain It is also launching gradually, and some cross-chain protocols are gradually coming online. In the second half of the year, some DeFi hotspots can be seen, and there will be various opportunities. Therefore, for such products with medium and high risks, as long as you deeply cultivate this There are always opportunities in the field. In fact, in the long run, the 30-50% rate of return can still be maintained for a long time. Of course, for high-risk and high-yield products such as bloodthirsty fish, the annualized rate may be several thousand or even tens of thousands. The maintenance time will not be so long, it needs a particularly good case and opportunity. The life cycle of bloodthirsty fish for a single mine will be relatively short, maybe only a few days, but this kind of mine will exist for a long time, just need to keep to search and to change constantly.”
eggs
Is Shenyu, who is about to retire at the age of 30, planning to retire?
Shenyu’s reply: This industry is so fun, there are interesting hotspots happening every day, just like NFT, maybe an idea 5 days ago suddenly changed the expression form of NFT in the past few months, bringing a lot of thinking upgrade. This is a very fast-growing and iterative industry. It attracts me very much, fascinates me, and forces me to continue to learn and get in touch with various knowledge. Personally, I have enriched my experience.
In fact, the whole process of life is not a process of seeking various experiences. Perhaps the experience of the second half of life in the future will be realized in the Metaverse, which is based on blockchain infrastructure, so I think this industry is very interesting. .
I said before that I would retire at the age of 30. At that time, I felt that the industry had developed for more than 10 years, and it should be able to develop into a very good state. Now that more than 10 years have passed, I am still deeply attracted by this industry, and I still stay up late every day. , to do some exploration and research on new things that happen every day.
Personally, I still prefer new things. The product development and iteration speed of the Internet field and the hardware industry are far behind our industry, which cannot give us dopamine and the opportunity to grow all the time. Basically, as long as the industry is still growing and developing rapidly, Will not be retiring any time soon.
The above is the full content of this discussion condensed by Cobo Labs. If you want to know more about Cobo DeFi fund information, please add Cobo Labs Assistant, search WeChat ID: cobolabs, and master more timely and comprehensive cutting-edge information about the encryption world, and more Quickly and more comprehensively understand the latest developments of Cobo.
