Weekly Editors' Picks Weekly Editors' Picks (0528-0603)

Odaily资深作者

2022-06-04 00:30

This article is about 4088 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.

Now, come and read with us:

Investment and Entrepreneurship

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Investment and Entrepreneurship

Panoramic analysis of the status quo of the encryption ecosystem: which tracks and projects will be the first to break the deadlock?

A key feature of cryptocurrency cycles is that a seed is planted in each cycle, which grows and drives the next cycle. Fortunately, the current developers are doing real things, and their growth, incentives to build, available support/funding, and curiosity in the field are at an all-time high. The most important long-term fundamental indicator for crypto/Web3 is the quality of talent inflow.

The author predicts that the verticals that will start to develop next and deserve to be focused on are: GameFi - economies begin to leverage and incorporate existing DeFi; wallets expand their services; expand NFT use cases and liquidity, and their downstream impact; Omnichain's protocol and NFT leverage various chains to enable new use cases; developments around Rollup’s liquidity and Ethereum compatibility; SOL continues to gain traction across the NFT ecosystem and create demand for DeFi tokens; LooksRare’s growth and The launch of SudoSwap; the continued growth and symbiotic relationship of FXS, Curve, Convex, and BTRFLY; whether Ethereum can successfully merge.

At present, Alameda Research plays a role similar to a "think tank" in the entire ecology, and its business lines are trading business (quantitative trading + market maker), OTC business, research and analysis business, and investment business.

DeFi

Alameda Research's investment projects in the encryption field cover public chains and ecological funds, CeFi, DeFi, data analysis and development tools, NFT and Metaverse, GameFi and many other fields, with a total of more than 160 projects. Among them, Alameda Research not only has a soft spot for exchanges, encrypted custody and brokerage institutions, trading and liquidity agreements in various regions, but also follows the steps of SBF to start developing the Solana ecology in 2020, and has also started projects on Solana's various tracks. Keep betting intensively.

Coinbase: Stablecoins and Volatile Yields

NFT, GameFi and Metaverse

The author mainly studies the USDT/USDC yield data in Compound, and draws two major conclusions: encrypted market data (such as BTC/ETH prices) and their corresponding volatility are affecting the stablecoin lending market; Risky (within the scope of DeFi) mortgage loans can be superior to risk-free investments in traditional financial markets, and the corresponding disadvantage is the risk of smart contracts.

NFT, GameFi and Metaverse

Cobo Ventures: An all-round analysis of the development status and trends of the NFTFi track

At present, the value of the main blue-chip NFTs (refer to the floor price and the ETH price is calculated at 2000 USD), with a total valuation of about 3.587 billion U.S. dollars; excluding land-based NFTs that are not suitable for floor price calculations, considering the future growth potential, blue-chip The overall market value of NFT is likely to exceed $5 billion.

Break down, NFTFi includes NFT lending (P2P NFT lending agreement, P2Pool NFT lending agreement), NFT liquidity solutions (NFT leasing agreement, NFT liquidity pool agreement, NFT capital crowdfunding agreement, NFT aggregator), NFT special pricing mechanism And oracle machine (NFT game theory pricing model, NFT autonomous computing oracle machine), NFT derivatives (NFT option platform, NFT perpetual contract platform, NFT automatic market maker). The differences and advantages of each solution are as follows:

Panoramic view of NFT painting style: from the explosion of GoblinTown

The unique style of painting is a way of publicity that combines creativity and organicity of the project party. The display form of PFP NFT can not only bring a sense of belonging to the community for the holders; The same identity personality, and most importantly - attitude.

To blockchain game designers: Single currency or dual currency model?

The advantage of the dual currency model is that it can separate speculation and game economy; the disadvantage is that the fixed supply token (FST) does not necessarily have meaning, unless the team finds a way to increase the value or utility of FST, otherwise it will be sold, allowing Speculators act as takers.

Web 3.0

There are few examples of the single-currency model. The variable supply token (VST) single-currency model may solve the problem of the FST dual-currency model. The precondition is that the game is good enough. The specific steps are: create a link between the core currency and the blockchain A cross-chain bridge; add liquidity to the currency through another token (ETH, USDC, etc.).

Overview of Web3 Revenue: Ethereum Becomes the Strongest Revenue Machine

Web3 business models have grown a lot, the most powerful of which is still "sell block space", followed by NFT trading platforms, DeFi, GameFi and infrastructure. Most of the income of the agreement still comes from the supply side income created by roles such as LP and Lender, and the profitability of the agreement itself is still relatively small, and even less of it flows to token holders. Although users enjoy staking income and governance rights, the core economic interests are still not guaranteed.

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Total revenue ranking of Web3 projects/protocols in the past 180 days

The author divides the income into: Explicit Revenue—the user’s payment for using the service, practical attribute; Internal revenue (Implicit Revenue)—the user’s payment in order to obtain the protocol Token, the speculative arbitrage attribute; found some income The essence is Token Sale, which is very unstable. Some income is not provided for risk, and some income is never disclosed, such as the income from additional issuance in the dual currency system.

Mario Gabriele's comprehensive interpretation of social tokens.

Ethereum and scaling

Social tokens include NFTs and tokens used by groups. Starting a social token can be a great way to raise capital, turn followers into investors, and unify a community around a common cause. Tokenization is made easier by new tools like Coinvise, P00LS, Rally, and Strata, products that help creators define, distribute, and manage social tokens. But even popular social tokens can be illiquid.

From the perspective of gas fees, in-depth research on the seven use cases of Ethereum

New ecology and cross-chain

The article delves into the gas consumption of Ethereum's most prominent use case scenarios (vanilla transfer, stablecoins, ERC20 tokens, DeFi, cross-chain bridges, NFT, MEV on-chain arbitrage bots, etc.) to reveal the complexity of the Ethereum ecosystem The nature of sex and evolution. The conclusion: Ethereum is still a platform primarily used to transfer value, but both the scope of value composition and the way the transfer is composed are constantly changing, and value flows through the network in countless different forms through many different channels.

New ecology and cross-chain

Jump Crypto: Detailed explanation of the characteristics, advantages and disadvantages of the five multi-chain architectures

This paper examines five independent multi-chain architectures: Polkadot, Cosmos, Avalanche, Polygon Supernets, and Binance BAS, comparing their trade-offs in terms of shared consensus, capacity, and interoperability. Each project makes a different trade-off between speed/power and shared security.

Messari: Overview of Solana’s ecological development in the first quarter

A detailed analysis of Solana's liquidity staking ecosystem, who will be the winner?

DAO

Staking Solana generates approximately $2.1 billion in annual returns. Currently, liquid staking protocols account for only 3% of that, which means it clearly has growth opportunities. Marinade has a market share of 57 percent and Lido has 29 percent. Marinade focuses on decentralization, Lido focuses on market-leading validators and multi-chain, JPool has the highest APY, Socean has the protocol's liquidity and Socean Streams, DAOPool has new ecosystem validators, and eSOL aims to fund the ecosystem project.

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The author's experience sharing also includes the following details: Deposits, Governance, Meetings, Practices, Communication, Pros and Cons of Discord and Telegram, DAO Enabler, DAO Governance, Documentation, Treasury/Vault and Hot Wallets, Contributor Payments and Rewards, Ledger /Accounting and taxation, exit, incentives, wallet management, and finally a batch of recommendations for DAO tools.