Weekly Editors' Picks Weekly Editors' Picks (0326-0401)

Odaily资深作者

2022-04-02 03:28

This article is about 5713 words, reading the full article takes about 9 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.

Now, come and read with us:

Investment and Entrepreneurship

secondary title

Investment and Entrepreneurship

Compared with traditional VC and Crypto VC, how does Crypto change the ecology of new venture investment?

When a traditional venture capital fund is established, it will sign an LPA with the fund investor, which does not necessarily have the flexibility to buy tokens. For example, for venture capital funds established in the United States, generally only 20% of the quota can buy high-risk asset classes such as tokens. Venture capital fund managers have a consensus with them on their needs, and whether LPs are willing to bear high risks. Encryption-native entrepreneurial ecology is full of challenges to traditional venture capital evaluation. When participating in Crypto, each traditional VC needs to set up its own Crypto Fund independently. Crypto VC has to decide to hold or buy and sell tokens that are already in circulation, which is different from the long-term holding mentality of VC funds that mainly invest in shares in the past.

The way VCs want to invest in teams that have already issued coins recently is to negotiate a market price discount with the project, which also makes VCs have to grab the case very early. However, VC still has to face the "torture" of the project party: besides money, what else can VC help?

Paradigm is the most desirable Crypto fund for many Crypto teams. There are many powerful researchers in it. Among them, Samczsun saved a dYdX smart contract from being hacked, and also saved Sushiswap from attacking $350 million. Paradigm is an investor in Uniswap and helped Uniswap design V3, but when it found that Uniswap's competitor SushiSwap was in crisis (it didn't even know it), it took the initiative to help put out the fire.

How to find the Alpha in the encrypted world?

A common mistake caused by poor risk management is being too aggressive and not hedging a portfolio with stablecoins or blue-chip projects.

The author gives a series of suggestions: use DEX frequently, observe whale wallets, make good use of Twitter and Discord, allocate attention reasonably, pay attention to the "parallel world version" of past successful cases (often the same species appears in another ecology), Learn about good investment institutions, develop intuition, and understand where we are in the cycle (without blindly placing large positions or relying on others).

Jump Crypto: How to Build a Layer 1 Analysis FrameworkThe article first clarifies the definitions of various technical indicators, technical attributes, ecosystem growth indicators, ecosystem attributes, and L1 performance stacks, and then introduces common methods for constructing the above key indicators/attributes from the aspects of decentralization, scalability, and security , also mentioned five aspects that the project side needs to balance: consensus overhead vs. security vs. scalability, time-to-finality (Time-to-Finality) vs. TPS vs. security, node requirements and scalability, and data availability And indexability, horizontal scalability and atomicity, and its impact on the application layer, and finally build a complete and structured L1 evaluation method.》、《This article also has a companion article: "Detailed explanation of various blockchain expansion solutions

DeFi

What is the advantage of DEX aggregator 1inch over DEX?

", also worth reading.

1inch claims to be the DeFi aggregator with the largest liquidity, the lowest slippage, and the best exchange rate. It currently supports 7 chains: Ethereum, BSC, Polygon, Avalanche, Gnosis, Optimistic, and Arbitrum.

NFT, GameFi and Metaverse

The part of the 1inch liquidity protocol is not outstanding, with only a TVL of 22 million US dollars, and the liquidity of the largest pool is less than 8 million US dollars. The most traded currency pairs are also concentrated in stablecoins, ETH and BTC. Its featured functions include flash swap, limit order, OTC, Gas Token CHI, and P2P transactions. Users should also pay attention to the high gas fee and positive slippage caused by the split.

NFT, GameFi and Metaverse

Nansen report: Do not follow the trend of mint, one-third of the NFT final transaction volume is close to zero

The cumulative number of minters in the NFT market has increased by 2,000 times, from about 500 at the beginning of 2021 to 1.2 million at the end of February 2022. Minting does not mean that the income is guaranteed (ETH standard). One-third of the NFTs that have been minted have a floor price higher than their initial minting cost. Likewise, a third of all NFTs end up rotten in hands, with little to no trading activity after minting.

When deciding whether to participate in NFT casting, you should consider your own risk appetite. It is crucial to conduct thorough due diligence on potential projects, such as the research community, their roadmap, and the history of the founding team.Ten-point path to teach you how to become an NFT insider》。

Another beginner's guide. Familiar with the slang words and abbreviations of high-frequency words in the circle, have a "little fox" wallet and some Tokens, have Twitter, Telegram, and Discord accounts, join some Web3 communities and communicate more, try to get a whitelist, try Mint and buy An NFT, change an NFT avatar, learn to use related tools, capture and exchange industry information in real time, and learn the "NFT Labs" released by NFT Labs

From 0 to 1: Proficient in NFT

The currency price in the game can be abstracted as the game relationship between burning and casting. Burning is driven by consumption in the game, such as upgrading, advancing, breeding and trading; casting is driven by in-game activities, such as tasks and PvP. While most attention is focused on adjusting the complex balance between burning (demand generation) and minting (supply generation), little thought is given to the financial nature of these systems, where tokens tend to depreciate significantly over time. The financialization of game experience has caused the backlash of the system.

Web 3.0

And Crypto Raiders' commodity AMM, Bancor V3, Omnipool AMM, Vortex, Vote-escrow and ve(3,3) all provide innovative inspiration for the above problems. Cryptocurrency games can be designed with "BLOG". The four letters of BLOG stand for Buybacks, Locking, Omnipool, and Governance. Specifically, the trading experience can be optimized, and long-term locking can be used to improve Governance, establishing an efficient token buyback.

secondary title"Reputation Tokens, Social Cards for a Web3 World?"In a community-based decentralized metaverse, how to better establish reputation mechanisms, recognition mechanisms, and reward mechanisms? against"Proof-of-X"How to establish the accumulation, recognition and reward mechanism of social capital"Proof-of-X"For this problem, Web3 will give a new and better solution. Adopted by Web3

The consensus mechanism will not be determined by a single centralized platform or middleman. The community can redefine a set of exclusive"reputation token"and"reward tokens"reward tokens

Besides data storage, what else do you know about Filecoin?

Besides data storage, what else do you know about Filecoin?

Ethereum and scaling

After being long AR, I haven’t looked back at Filecoin for a long time, and I don’t know enough about its new developments (such as FVM update). This is a large and comprehensive introduction to Filecoin. The "Filecoin interaction process" part is quite clear. FVM is indeed broadening the possibilities of Filecoin. It is a little regretful that the article only compares traditional cloud storage, and does not compare other Web3 storage projects.

Ethereum and scaling

Review of Vitalik's long article: Those Ethereum "paths that have not been traveled"

The biggest challenge for Ethereum comes from balancing two visions: a blockchain that values security and simplicity, and a highly performant and functional platform for building advanced applications. “My personal dream is to try to achieve both visions: a base layer with a specification that gets smaller each year than the previous, and a robust developer-friendly ecosystem of advanced applications centered around the Layer 2 protocol.”

Many of Ethereum's past route fork choices can provide high-value references for public chain development teams.

One article takes stock of 8 methods of ETH arbitrage income

After the merger of ETH2.0, what applications are worthy of attention?

New ecology and cross-chain

Keep an eye out for staking services like Lido Finance + Rocket Pool, staking derivatives, stETH income strategies, cross-Rollup architectures like Hop Protocol, relay services like GnosisDAO + Argent, zkProofs like zkSync and Loopring, and streaming media like Sablier + Splits /Payment, multi-chain governance such as Guild, cross-chain protocols such as Cosmos...

New ecology and cross-chain

Conversation with the founder of Solana: What does Solana do to promote the adoption of cryptocurrency?

Because it is a compilation of podcast conversations, the content is a bit scattered, here are a few excerpts:

The most important KPI for Solana is real users. Solana already has around 2 million monthly active users (signers). Daily life sometimes even breaks Polygon and Ethereum's records of around 300,000. On Solana, nearly 8 million NFTs have been minted. We also value the number of stablecoins issued (such as USDC).

The real exponential growth of Solana started with the first hackathon, when there were 100 teams, about 14 of them came up with something useful. The number of teams participating in basically every hackathon since then has doubled. I think Solana is already leading the way with some innovations. Solana Pay is one of them. The first product we did was Circle Pay, which was like we did dollars on Bitcoin. Developers should focus on solving UX problems, which need to be simple enough for ordinary users to use. In addition, the product must be well positioned. Currently, there is no provable identity system in the blockchain.

I think we made the best choice to use Rust as the main language because it's a very rich, expressive language, one with a modern type system. We try to do our job well, build trust and credibility, and give the marketplace a really robust infrastructure to get consistent access.

One article compares three heterogeneous blockchain networks: Cosmos, Polkadot, Avalanche

Ethereum has adopted a "rollup-centric roadmap" strategy, positioning Ethereum Layer 1 as data availability and Layer 2 projects as computing. Cosmos, Polkadot, Avalanche scale horizontally through an asynchronous heterogeneous network model, where application-specific blockchains have different virtual machines and can interoperate with other chains when needed. Projects operating as sovereign chains (rather than smart contracts) have three fundamental advantages: performance isolation, predictable and customizable fees, and customizable validators.

DAO

The efficient work of the asynchronous heterogeneous network model is an improvement over Bitcoin and Ethereum. They will eventually accommodate millions of daily active users and realize the Web3 vision of user-owned and controlled. But at the same time, there are two unresolved problems: how to ensure that liquidity flows efficiently across chains, rather than being isolated in a specific chain? How can open organizations operating across chains prevent the emergence of multi-chain whales and ensure a fair distribution of wealth and power?

secondary title

Explain the status quo of DAO tools in detail: How to better build DAO tools?

Most DAO tools do not yet have a clear business model, and the best DAO tools will be protocol DAOs, with the goal of creating a self-sustaining protocol. The author recommends that we learn about the actual operation of DAO protocols such as Yearn, Uniswap, Curve, AAVE, Compound, and Index Coop. They are all good examples.