"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.
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.
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Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.
secondary title
LD Capital: Crypto asset management from the perspective of US stock index return enhancement strategy
Meme anti-fraud guide: two tools teach you how to quickly judge the risk of tokens?
start a business
When the application will no longer have a moat, how should the value be captured?
Usually Dextools, Blockpour, Kyberswap Discover and other analysis tools, TG channels, Discord communities, big Vs who issue meme coins themselves, etc. can help us find memes.
We can use @bubblemaps to analyze them (the goal is to make sure that no big players are potentially holding a lot of chips, if they use multiple wallets to hold a lot of chips and then smash the market, it will be very dangerous); then go to DedotFI for token checking (Potential RUG risks and other common smart contract vulnerability risks), effectively reducing risks.
start a business
Write to hackers: How to recover assets through bug bounty negotiations?
When the application will no longer have a moat, how should the value be captured?
Small applications are a new model with great potential, but there is no effective business model yet. Applets create more potential value than they can capture, and the combination of applets and protocols can fill this gap. Applets will burn and explode brightly, and clever protocols will stop at nothing to ensure they are Dyson spheres capturing energy in the process. This is like an upgraded version of "Fat Protocol, Thin Application", with an additional time dimension.
Small apps need to find a moat (adding social features to create a network effect, or capturing valuable proprietary data to personalize and improve the product so people don't want to leave), and also need to keep costs as low as possible, and do it as profitable as possible time to generate as much income as possible.
Smaller apps with shorter lifecycles can partner with longer-lived protocols to build something bigger and more enduring. Protocols that let users carry their identities, data, and relationships within applets are strong candidates.
Write to hackers: How to recover assets through bug bounty negotiations?
DeFi
All protocols post bounties in exchange for stolen assets.
Both Euler Finance and Sentiment Protocol warn attackers (with bounties for information on attackers). Allbridge and Sentiment Protocol also announced that they would not take legal action against the hackers if the funds were returned, while Poly Network made it clear that it would contact law enforcement.
Of the four agreements, two of the "recoverable" funds were returned in full, and Allbridge is still negotiating with the second hacker. Sentiment Protocol successfully recovered 90% of the funds after two days of negotiations.
ve( 3,Breaking down Endgame: How will five consecutive launch phases bring about sweeping changes for Maker?
Endgame will simplify and parallelize the Maker ecosystem, introducing a new unified brand identity and a flagship release of 6 new SubDAOs through which users can farm, leading to permissionless innovation and collateral distribution.
Endgame will also introduce powerful AI tools to help less hardcore governance participants grasp all the details of the system and what is happening, and provide a governance participation reward system that incentivizes participation through farming rewards.
The final step for Endgame will be to deploy a new blockchain that is tightly connected to Ethereum while enhancing the governance security of the ecosystem and implementing all of Endgame's advanced features and token economics.
NFT
3) Ubiquitous, what are the projects worthy of attention?
3) The protocol requires veNFT holders, partner protocols, and LPs to interact on a weekly or more frequent basis to maximize yield, liquidity, or other goals (such as attention share).
Bearish pressure and high emissions have created constant downward price pressure on ve(3,3) DEXs across various ecosystems. However, in the long run, an engaged staker base and consistency across protocols will lead to a sustainable flywheel.
Some of the author's ideas for builders for ve( 3, 3) include: Launchpad for new project tokens, treasury management, ve( 3, 3) stablecoins backed by veNFT and LP tokens, veNFT AMM for swapping locked positions And proceed to liquidation, self-repaying loans for veNFT holders.
The author is optimistic about ve( 3, 3) including Thena, Chronos, Velodrome, Solunea.
NFT Market Analysis 2023: An Insider Look
Affected by the bear market at the end of 2022, the profitability of blue-chip NFT projects dropped significantly in the first quarter, but some projects still performed well. BAYC has the strongest profitability in the seller's market, and Azuki's whale count has increased by 100%, making it one of the most resilient blue-chip NFT projects this year.
The profit fluctuations in the NFT market are still affected by the trading status of blue-chip giant whales, and at the same time, there is a significant gap in the assets of traders between different projects in the market.
In the past four months, the trading volume of the Bitcoin Ordinals market has shown an upward trend, but it still only accounts for 0.02% of the ETH market. Due to the slow transaction speed, high cost and limited application range of Ordinals NFT, Ethereum NFT still has advantages in terms of application range and speed.
Ethereum and scaling
LD Capital: NFTFi lacks new narratives and new funds. When will the dilemma be reversed?
The vicious competition on the NFT trading platform has reached the second half, but the turning point of the track has not yet appeared. The concentrated selling pressure brought about by the accumulated token deficit is a problem facing Blur. Blend currently has a limited effect on boosting the price of Blur. Since the demand for loan products will continue to increase in the bull market and leverage, the rise in the underlying collateral price and the expansion of the scope of collateral are important observation indicators for the outbreak of the lending market.
With improved security and new staking router infrastructure, LSD will become even more secure and decentralized. Also, with fast withdrawals, small wallets (<1000 $ETH) can withdraw almost instantly, if you are a large wallet, you will have to wait longer, but still more flexible than direct staking.
Ethereum and scaling
Why is the Lido V2 upgrade important to the LSD track?
Lido V2 enhances the staking experience by introducing the Staking Router architecture and in-protocol stETH (ETH withdrawal). Everyone benefits from this, and stakers will have their assets distributed among different entities, which greatly improves decentralization and security. Other types of node operator DAOs, independent stakers, and small groups can now participate in Lido. Users will also be able to propose and implement modules using different combinations of node operators and with various competing features such as coverage options and fee structures, and apply to join the Staking Router's module set.
With improved security and new staking router infrastructure, LSD will become even more secure and decentralized. Also, with fast withdrawals, small wallets (<1000 $ETH) can withdraw almost instantly, if you are a large wallet, you will have to wait longer, but still more flexible than direct staking.
What is Aztec's new hybrid zkRollup after shutting down Aztec Connect?
Aztec is an opportunity to ensure privacy at the base layer with the security guarantees of Ethereum. Aztec combines public and private execution into a single zkRollup, providing seamless composability across encrypted and non-encrypted transactions.
Many ecosystems have deployed and migrated to the zkSync network, involving DeFi, cross-chain bridges, NFT and other fields;
If the innovation of Ethereum is to allow reading and writing to public state, then the innovation of Aztec is to be able to read and write to public and private state. Combining public and private into a single hybrid Rollup enables confidentiality and auditability use cases such as: private voting on public DAOs, private meetings on public games, private transactions on public AMMs.
The biggest obstacle to blockchain application is not block space, but practicality. Thankfully, zkSNARKs unlock flexible encryption and scalability for Aztec. Aztec solves three problems: privacy protection, wallet experience and account abstraction.
BitKeep Research Report: In-depth interpretation of zkSync Era, principle, application and ecology
The emergence of zkSync Era has reduced transaction costs by 50 times compared to before, and the zkSync ecosystem is growing exponentially;
Many ecosystems have deployed and migrated to the zkSync network, involving DeFi, cross-chain bridges, NFT and other fields;
The zk-EVM competition is fierce, and the zero-knowledge technology used by zkSync Era still needs to be improved and confirmed;
zk-Sync opts for high performance at the expense of composability.
Omni Network aims to connect different Rollup solutions. By integrating the Ethereum re-pledging protocol EigenLayer and Cosmos SDK into a unified platform, it aggregates Ethereum's modular ecosystem and enables developers to implement all Layer 2 on Ethereum. Build global applications on Ethereum while gaining security from ETH itself.
Although Omni Network has not yet launched a test network, it aims to achieve a seamless and secure cross-Rollup user experience by modularizing the core infrastructure of applications, which has attracted a lot of attention.
Without adding complexity to the end-user experience, developers will be able to offer their applications across the entire Ethereum ecosystem, while still maintaining Cairo's performance advantages.
Other L1
BlockCrunch 4-word long article: Why is 2023 the first year of Filecoin?
The three pillars of Filecoin are storage, retrieval, and computation.
Cross-chain
Users need fast and cheap bridging services, but security is difficult to form a selling point.
With FVM, the Filecoin network has gained the ability to execute smart contracts on top of the existing storage network. Potential use cases include: decentralized data computing, smarter storage markets, data DAO, and supporting specialized networks.
Compared with its competitors, Filecoin is the most scalable and comprehensive decentralized service network, because it has an independent layer of blockchain protocol; data is stored outside the chain and continuously verified on the chain; position is calculated.
Cross-chain
The network effect of bridges is not as obvious as that of DeFi dApps, and providing liquidity for cross-chain bridges is a complicated operation for ordinary Web3 users. In order to become a leading protocol, cross-chain bridges need to make choices in the following aspects: B2B cooperation and integration (LI.FI is a good example, focusing on integration, many users are willing to pay extra transaction fees for a better user experience ); B2C campaigns (missions, airdrops, community engagement) can create brand differentiation (Stargate is top-notch at this).
hot spots of the week
The market is still dominated by Arbitrum, Optimism and Polygon cross-chain bridges, but "brand name" cross-chain bridges such as Stargate, Multichain, Synapse Protocol and CelerNetwork are eroding the share of established cross-chain bridges.Stargate currently leads in terms of active users, but LI.FI and Stargate have the highest retention rates.，Cross-chain bridges must measure important things: protocol activity, revenue, active users, etc. With regard to user acquisition, campaign tasks have serious limitations. It's a good idea to try new avenues, like sponsored campaigns. Retention is critical to achieving long-term sustainability. Well-crafted, data-driven, and personalized missions should repeatedly test player loyalty.hot spots of the weekEU Council Unanimously Approves Markets in Cryptoassets Regulation (MiCA)，In the past week, in terms of policies and macro markets,，Elon Musk：U.S. Republican Congressman Proposes the Securities Clarity Act to Clarify the Regulatory Classification of Digital Assets，Hong Kong Monetary Authority，Announced the 16 companies selected for the first round of trials of the Digital Hong Kong Dollar Pilot Scheme,EU Council Unanimously Approves Markets in Cryptoassets Regulation (MiCA)
Binance voluntarily announces withdrawal from Canadian market, citing regulatory issuesLinda Yaccarino officially becomes Twitter's new CEO，OpenAI will open web browsing and plugins to all ChatGPT Plus users next weekOpenAI CEO Testifies Before US Congress for the First TimeIn terms of opinions and voices, Cathie Wood:，Justin SunAI and blockchain will change the world more than computers, mobile phones and the Internet in the next 5-10 yearsUS CFTC ChairmanDogecoin Hasn't Disappeared or It's Resurrected by Elon Musk
Institutions, large companies and top projects,Justin Sun: Li Lin’s younger brother, Li Wei, has repeatedly acquired a large number of zero-cost HT through abnormal means and sold them, and will pursue recovery and destruction.Li Lin respondedInstitutions, large companies and top projects,Worldcoin Introduces New Measures to Crack Down on KYC Providers Buying and Selling Iris Information，Ledger, including Aave, Avalanche, MakerDAO and Uniswap, etc.,
NFT and GameFi fields,NFT and GameFi fields,...well, another week of ups and downs.
With "Editor's Picks of the Week" seriesPortal。
See you next time~
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