Weekly Editors' Picks (0305-0311)

Odaily资深作者

2022-03-12 01:01

This article is about 3595 words, reading the full article takes about 6 minutes

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.

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Now, come and read with us:

invest

Investing Essentials: How to Evaluate a Project’s Token Supply?

invest

Investing Essentials: How to Evaluate a Project’s Token Supply?

The article focuses on four key issues of tokens: the current supply situation, the future supply situation, when to reach the future supply state, how to reach the future supply state; the introduction of market value and fully diluted value (FDV), circulating supply Quantity and maximum supply, token release schedule and other concepts, and introduce how to query and obtain the above information of various tokens.

"Most protocols will distribute a large part of the tokens as LP rewards. On the surface, this approach is very community-based. Anyone can buy tokens, create liquidity, and participate in staking to earn more Multi-token, however, this approach may also help the founding team or insiders significantly increase their token share.”

Bear Market Survival Guide: How to Get the Most Out of a Bear Market?

"In a bear market, there is no longer a steady stream of funds flowing in, which becomes a competition between players and players, which is a zero-sum game." In a bear market, poorer projects and teams are eliminated, but the advantage is that they can It’s cheaper to accumulate good cryptocurrencies, and at the same time, instead of checking your portfolio countless times a day, you have more time to build your skill set.

DeFi

In a bear market, survival is the number one priority. As an investor, it is best to grade the target according to risk first: hold blue-chip currencies, let go of high-risk currencies, and leave nearly half of the position for stablecoins (you can dig liquidity, but keep in mind the principle of decentralization); To live in every "bottom-hunting opportunity", it is better to average legal votes based on the cost of issuing coins.

The article also talked about how to increase off-market earning power or create a second source of income, upgrade DeFi skills, and cultivate the ability to predict bear markets, etc.

Do you really understand the token economy of top DEX?

Footprint's new research report, this time focusing on the token economy, compared the top 5 DEXs (Curve, Uniswap, Sushiswap, Pancakeswap, and Balancer) by TVL horizontally. In terms of currency prices, as of February 25, the BAL currency price is the highest, about 12 US dollars. Secondly, UNI is about $9, and the overall currency price of DEX is not high. In terms of market capitalization, UNI ranks first with US$4.2 billion. From the perspective of daily trading volume, the daily trading volume of UNI, SUSHI, and CAKE are all in the forefront. The final conclusion is that only a truly valuable protocol can add more TVL to the platform through the incentive policy of liquidity mining, and make the platform more decentralized through the community. Attached is the economic comparison table of UNI, SUSHI, CAKE, and BAL tokens↓

Talking about the half-life of DeFi games: How does the protocol complete self-salvation?

The article believes that "all DeFi projects are actually GameFi. Since it is a game, it will naturally face customer losses, and they all have their own half-life." The similarities between the two include: the isomorphism of activities (that is, both are all about maximizing rewards), the nature of competition between players, overlapping communities, same analytical skill set.

"Evolutionary game theory was invented and proposed out of the need to explain altruistic behavior in Darwin's theory of evolution - that's why Olympus tried to meme the (3,3) strategy, which is optimal if all miners are rational Strategy. Alas, but humans are irrational.” The death of the Olympus fork project was not because the protocol was hackable (i.e., miners had figured out the optimal strategy based on the mathematical structure of the protocol), but because miners had The actual mining method finds out the optimal strategy.

At the end of the article, suggestions are given on "how the protocol can make itself as invincible as possible": 1. Make it unsolvable; 2. Continue to build the protocol on it; 3. Let the protocol evolve by itself.

I really like this DeFi industry article by Rhythm. "In AC's view, "Deposit And Forget" is the spirit and soul of DeFi products. "

NFT, GameFi and Metaverse

The opposite of financial income optimization is the vicious APY competition brought about by liquidity mining. After DeFi 2.0, the veToken model is only to alleviate the selling pressure of the original Token, and still cannot capture the value of the protocol itself. And Terra is succeeding (at least temporarily) in creating a product that the market and broad audience really want.

NFT, GameFi and Metaverse

Return 250 times in half a year, 8 experiences teach you how to invest in NFT

Avoid the "contact effect", distinguish between short-term speculation and long-term holding, sell "speculative NFTs" when/before the hype is the highest, and judge blue-chip NFTs based on team, community, artistry/practicability, partnerships, and holders. Hold NFT derivatives for a long time, make good use of tools, focus on creators rather than big V, and judge the NFT macro cycle.

As the NFT market ecosystem heats up, with increasingly diverse customer bases and use cases, it is challenging for a market to maintain such a large market share. This was also the case in the Web2 field, where a new generation of professional players will begin to replace the dominant position of the original leader (such as eBay).

Web 3.0

Compared with the eBay example in the article, domestic readers may be more familiar with the history of JD.com, Pinduoduo, and Douyin e-commerce, which provide experience for Opensea challengers. “There is a crack in everything, that’s where the light gets in.” NFT platforms must master many of the same metrics as top Web2 marketplaces, including offering competitive transaction rates, strong merchandise management, authenticity, brand/community reputation, And the balance of supply and demand between buyers and sellers.

In-depth analysis of Arweave: Web3.0 storage breaker

Ethereum and scaling

Isn't this my "good heart" AR a while ago. The article first demonstrates the rigid need for permanent storage and why AR can meet this demand, then mentions the advantages of AR in terms of storage costs, then introduces the AR ecology, briefly describes some ecological projects, and finally predicts the future of the track. Typical application scenarios are: NFT metadata storage, public chain historical data backup, Web3 technology stack and code storage, and decentralized social platform data.

Ethereum and scaling

4D Interpretation of the Past and Present of Ethereum's Scalability

“Ethereum wants to use both layer 1 and layer 2 solutions to solve the scalability trilemma, sharding is Ethereum’s layer 1 solution, and Rollup is Ethereum’s layer 2 solution.”

stable currency

The author reviews the principles and problems of state channels, side chains, and Plasma according to historical evolution, and finally proves that Rollup will be the ultimate solution for Ethereum expansion. One of the advantages is that "transaction data is published on-chain along with the state root". However, Rollups also have limitations, such as scalability ceilings, broken mobility, composability sacrifices, and centralization.

Leaked Biden directive focuses on stablecoins? How Much the Fed Loves Stablecoins

DAO

Translation of the Fed’s Stablecoins: Development Potential and Implications for the Banking System. “In various scenarios, a two-tiered banking system can support the issuance of stablecoins while maintaining traditional forms of credit creation. In contrast, a narrowly defined banking stablecoin framework can bring the greatest stability, but may bring The potential cost of credit disintermediation. Finally, USD-pegged stablecoins can serve as a safe haven compared to other crypto assets during market distress, if they are deemed to have sufficient collateral.”

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The New York Times looks at DAO: When reality invades the vision of crypto utopia

The reality of setting up and running these DAOs is often complex. A lot of the problems with DAOs usually stem from the anonymity of DAOs and cryptocurrencies. "VCs based in the digital world are connected to the real world. We need to comply with laws and regulations."