"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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Talking about the Biggest Threat of Ethereum Mergers: How to Profit from the Chaos?

When Ethereum hard forks, not all assets, protocols or infrastructure can have their community support. It is not difficult to replicate tokens and contracts on the network, but the off-chain things that support them, such as communities, cannot be replicated. Two prime examples: fiat stablecoins and liquid collateralized tokens. Dominoes falling will bring systemic risk.

• Putting any asset at risk by shorting USDC or stETH is obviously unwise and will likely lose to the MEV bot. ETHPOW can be used as a tool for hedging merger risks. The good news is that we don't actually have to do anything.

• Bankless: Four investment strategies in the context of Ethereum mergers

• Liquidity staking services (LDO, RPL, SWISE) will be the most immediate beneficiaries of Ethereum’s consolidation, and non-custodial protocols are expected to experience a significant uptick in the months following Ethereum’s transition to proof-of-stake.

• Lend ETH on money markets like Aave, Compound, and Euler to increase your chances of getting an airdrop.

• Using the Voltz protocol (AMM for interest rate swaps), aiming to bet on LSD mortgage yields.

• Borrowing ETH on the money market can be profitable if the value of the airdrop is greater than the cost of borrowing ETH.

Be careful with leverage of any kind.

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Messari: Explain the PoPW token distribution mechanism in detail, or will it ignite the next bull market?

DeFi

The article mainly introduces an application direction of the blockchain - Proof of Physical Work (PoPW). Through the token distribution mechanism, participants are rewarded for completing verifiable physical work in the real world, such as Multicoin Capital Voted for Helium.

Many protocols are leveraging physical proof-of-work frameworks to incentivize supply-side participation in building hardware networks. These include wireless, mobile, environmental, computing and storage networking."DeFi "new narrative"? This article takes stock of DeFi protocols with real benefits"real income is generated from"for real"Proceeds from revenue, not from token offerings. right

real income

A stake in the project becomes a stake in the project's ability to: accumulate new users; increase revenue generation over time to reward token holders. Real Yield is increasingly looking like the future of DeFi, and projects that successfully implement features that drive adoption and revenue generation will thrive in the coming years.

The author takes DYDX, GMX, GNS, SNX, UMAMI and other tokens as examples to further clarify their respective advantages.

Comprehensive interpretation of sudoswap: team, features and currency planning

One month after sudoAMM was released, the transaction volume reached 8 million US dollars, and the total number of users was 4879.

The main features of sudoAMM are low platform transaction fees (only 0.5%), on-chain liquidity pools, no royalties and low Gas. In addition, sudoAMM has also made further optimizations in terms of user experience, including series quotations, shopping carts, and floor price sweeping functions. The slippage in sudo AMM is also fixed.

NFT, GameFi and Metaverse

The author guesses that the sudoswap airdrop will prioritize 0xmons NFT holders, XMON token holders, sudoswap over-the-counter trading platforms, and interactive users of the newly released sudoAMM. At present, the operations that can be performed in sudoAMM are to provide liquidity, list NFT, (series) quotations, etc.

NFT, GameFi and Metaverse

The article introduces the definition of CC0, the way NFT projects deal with copyright issues, the development status of CC0 NFT projects, and the considerations of NFT projects for CC0 (including the need for high-end brands to maintain scarcity, betting on the positive flywheel of meme self-propagation , the ultimate vision of decentralization).

Web 3.0

At present, the relevant laws and regulations on NFT are not perfect. As an "imported product", CC0 is also "unacceptable" in the process of adapting to the laws of various countries. Whether to choose CC0 at the moment still needs to be considered in many aspects.

Learn about ENS, the most successful non-financial Ethereum application to date

Ethereum and scaling

A complete introduction to ENS, covering basic information, grades, popular ENS domain formats, and accessibility tools.

Ethereum and scaling

Detailed explanation of the merged Ethereum transaction life cycle: which participants can capture value?

The article explains in detail the mechanism design behind each step of the Ethereum transaction. Ethereum transaction supply chain:

Transaction Origin: "Mempool" → MEV Finder: "Micro Arbitrager (Arbitrager)" → Block Builder: "Macro Arbitrager" → Block Proposer: "ETH Stakers".

MEV is a big problem in Ethereum, potentially centralizing the supply of ETH to a few privileged parties. Developers utilize mechanism design to leverage MEV and place it in the hands of ETH holders. The entire supply chain is subject to the most decentralized and accessible part of the stack: ETH holders. All potential centralization threats from the best MEV search bots are passed on to block builders and then to ETH stakers. And this is good for ETH. The competition actually goes back to the point of origin of the transaction: the wallet. This is the cycle of the Ethereum transaction stream.

The merger of Ethereum is imminent, and forked parties gather, what should ordinary users do?The article wants to analyze the interest considerations of all parties behind the fork, and then discuss whether to fork new projects. This fork is very different from the ETC/ETH fork in history. The fork project may eventually become a profit-making tool for very few large investors. It is recommended to drive with caution.》）。

As a user of the Ethereum mainnet, you may expect currency price growth, but increase leverage cautiously. In addition, before the merger and fork, in order to prevent transaction rollback and reentry attacks caused by the fork, the trading platform may close the deposit and withdrawal channels of Ethereum and ERC20 tokens in advance. In terms of DeFi, it is clear that projects that do not support the POW chain may close the smart contract, so as to avoid confusion and loss of users. Therefore, it is recommended that users take out the positions of each protocol in advance and replace them with Ethereum (the potential benefit is to obtain forked coins). If you are holding or trading NFT, you need to focus on observing whether the Ethereum fork chain follows the EIP-155 protocol to prevent reentry attacks from causing your own NFT to be lost (recommended reading "

If Ethereum forks, will NFT also "fork"?

The article introduces RaaS, which is to provide Rollup services for DApps, and believes that the blockchain will usher in the multi-Rollup future of Web3. Anyone can quickly start their Rollup through the SDK, and run applications on Rollup with high performance and low cost.

Everything you need to know about zkEVM (3)

After discussing the possible challenges of RaaS, the author proposes the idea of ​​native Rollup, which will help the blockchain reward Rollup validators with its native tokens and provide a cross-Rollup bridge maintained by its validators.Everything you need to know about zkEVM (3)The series has finally been updated, and itsfirst timeIntroduced the basic principles and subdivision levels of zkEVM,

• part two

• After taking stock of the mainstream zkEVM projects in the industry, this article will explain the basic differences between zkEVM and zkVM two different ZKR projects. The core conclusions include:

• Scroll has the shortest development time, but meets the equivalent standard of EVM; Polygon Hermez is the fastest open source, but uses a new assembly code different from the "traditional" EVM, and there is neutral uncertainty; zkSync plans to launch the public network in 100 days, and the development progress is the fastest. Fast; StarkNet adheres to the zkVM route with limited prospects for compatibility; Aztec has not yet completed Solidity language compatibility, and the progress of EVM compatibility is behind; the progress of Loopring compatibility is nowhere in sight and has not yet been put on the agenda.

New ecology and cross-chain

The difference between zkEVM and zkVM mainly lies in the compatibility of EVM and the support for zero-knowledge proof.

New ecology and cross-chain

a16z: Why is chain performance hard to measure?

Scalability, performance, latency, throughput, transaction fees... There are many dimensions or indicators to measure performance. The best approach for evaluators and builders is to collect and publish as much data as possible, and to describe the evaluation methodology in detail so that it can be replicated and compared with other systems.

IOSG Ventures: Dismantling the Data Availability Layer, the Overlooked Lego Blocks of the Modular Future

In the modular blockchain, the execution layer has already "divided the world", and there are very few latecomers; the consensus layer competes in the Central Plains, and Aptos and Sui are emerging. Although the competition pattern of the public chain has not yet settled, its narrative is already old wine in new bottles , it is difficult to find reasonable investment opportunities. The value of the data availability layer is still to be discovered.

hot spots of the week

secondary titlehot spots of the weekIn the past week, OFAC willTornado Cash with multiple Ethereum and USDC addresses，included in the sanctions list, which triggeredpoisoning attackVitalik claims to have used Tornado Cash to donate to Ukraine，, designed to protect the payee,Gitcoin Announces Suspension of Tornado Cash GrantsSaid that the individual is not on the sanction list, but the GitHub account has been suspended, affected by this incident,,andMakerDAO or sell all USDC in the agreement,andSlopeConsider buying $3.5 billion in ETH, V God called it adventurous and terrifying;Announcing the progress of the attack investigation: No other vulnerabilities were found except for the previous Sentry server implementation issues;Curve.fi Name Servers HackedAbout 340 ETH of Curve stolen fundsBinanceTransfer to Tornado Cash, FixedFloat and Binance,Binance$450,000 in Curve stolen funds has been frozen or recovered; WazirX said in response to the freezing of assets by the Indian Law Enforcement Agency,Platform deposit and withdrawal services are normal；

, is evaluating plans for further action,In addition, in terms of policy and macro market, the US Texas regulatory agency, our countryBankruptcy Court Asked to Deny Celsius's Request to Liquidate Its Bitcoins，, our countryCyberspace Administration of China Centralizes Rectification of Chaos Involving Virtual Currency Hype

president of the central african republicExpress support for the use of Bitcoin nationwide;In terms of opinions and voices, the Coinbase report showsLayer 2 may be a "zero-sum game" in the future, its relationship with Ethereum has become competition rather than complement, a16z legal counsel saysStablecoins haven't failed, the crux of the problem lies in the mortgage,Circle Founder Comments on Tornado Sanctions，It is a "major turning point in the history of the open Internet"; V God said，Consolidation Could Make Crypto Payments Mainstream AgainPotential Ethereum PoW fork unlikely to gain long-term widespread adoption: PoW fork will not succeed, miners should give up,；

Institutions, large companies and top projects,Aave community: Only the Ethereum PoS chain is recognized as the main chain, and the merger will not interfere with the operation of the Aave systemBlackRock launches private trustFTX and Justin Sun are negotiating to acquire Huobi shares valued at $3 billion by Li Lin，, providing institutional clients with exposure to Bitcoin, Bloomberg:FTX and Justin Sun are negotiating to acquire Huobi shares valued at $3 billion by Li LinJustin Sun respondedSaid that he did not participate in the negotiations for the acquisition of Huobi shares,Ethereum Goerli Testnet Merged Completed, an Ethereum developer:Chaos on the web after Goerli testnet merge，, Tether saidUSDT will support Ethereum PoS conversionBinance Backs Ethereum Merger PlanAptos for Devnet update

NFT and GameFi fields,, delete part of Diem legacy and core logic;NFT and GameFi fields,OpenSea Publishes Stolen Assets PolicyMoonbirds changed to CC0 modetiffany, causing dissatisfaction among holders,tiffany，Over $12.5 million raised through NFTiff,，Huang Licheng is dissatisfied with ApeCoin community governance，Sell ​​25 MAYCWith "Editor's Picks of the Week" series

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