Editor's Note: This article comes fromAhua Blockchain (ID: ahua-blockchain), reprinted by Odaily with authorization.

Ahua Blockchain (ID: ahua-blockchain)

Ahua Blockchain (ID: ahua-blockchain)

, reprinted by Odaily with authorization.

Both Dabao and Dafengshou are excellent DeFi projects in the EOS ecosystem. At present, both of them have achieved certain results in the flash exchange business, but their strategies and styles of play are different. As investors, should we invest in Dabao? BOX or DFS? Let me share my approach.

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1. The KEY in the Dafengshou liquidity pool has reached 950 million, while the Dabao KEY is only 110 million. What is the gap?

The number of KEY in the Dafengshou liquidity pool continues to increase, and has reached 950 million at present, and the growth rate is relatively fast. It seems that it should break 1 billion in these two days. 1 billion will be a threshold. After passing After 1 billion, it will rush to 1.5 billion and 2 billion.

As the number of KEYs in the market-making fund pool increases, the annualized rate of return of market-making is also decreasing. According to the statistics of Dafengshou, the current annualized rate of return is about 40%, which is higher than that of locked positions. The annualized return of EOS+KEY is indeed not much higher, but this is just the annualized return of EOS+KEY market making. At present, in Dafengshou market making mining, you can often mine other tokens by the way, which is the so-called secondary mining. , Three digs, or even four digs.

In Dafengshou, if you use EOS+DMD to make the market, you can mine four times, that is, you can mine DFS, YFC, DBC, and DMD. If you use EOS+DFS to make the market, you can currently mine three times, that is, you can mine DFS, YFC and DBC. However, EOS+KEY is currently capable of dual mining, that is, it can also mine YFC in addition to mining DFS.

Therefore, if you use EOS+KEY for market making in Dafengshou, you can not only mine DFS, but also mine YFC, and the current annualized mining income of YFC is relatively high, reaching more than 142%. If Dafengshou uses EOS+KEY for mining, the total annualized rate of return can reach 182.26%. Let’s compare and see the annualized rate of return of Dabao’s EOS+KEY market making.

At present, Dabao’s EOS+KEY market-making annualized return is 71%, which is still far behind Dafengshou’s 182%.

Funds always tend to flow to places with higher returns, such as KEY. A few days ago, the number of KEY in the liquidity pools of Dabao and Dafengshou was about the same, but it changed again after only a day or two. All KEYs have flowed to Dafengshou, resulting in nearly 1 billion KEYs in Dafengshou’s flow pool, and only 110 million KEYs in Dabao’s flow pool.

In the past few days, the market-making funds in Dabao’s EOS+KEY liquidity pool have almost fallen off a cliff, and the number of market-making accounts has also decreased. Currently, there are only 277 accounts in Dabao’s KEY market-making accounts.

In Dafengshou, the number of KEY market-making accounts has reached 778, which is almost three times the number of Dabao market-making accounts.

Why is there such a big difference in the number of KEYs in the EOS+KEY liquidity pool between Dabao and Dafengshou?

Funds never sleep. They are always looking for places with higher returns. Where the returns are high, funds will flow there. Since Dafengshou’s market-making annual rate is so much higher than that of Dabao, KEY will of course flow to Dafengshou in large quantities.

However, after splitting the rate of return, we found that the annualized return of KEY in Dabao market making can reach 71%, and the annualized return of KEY in Dafengshou is only 40%, which is not as good as that of Dabao. After all, liquidity The more funds in the pool, the lower the annualized return of market making. The number of KEYs in Dafengshou's pot is much higher than the number of KEYs in Dabao's pot.

The reason why Dabao’s market-making annualized income is lower than that of Dafengshou is that DBC mining has been added to Dafengshou, which means that taking KEY to Dafengshou’s mining can realize dual mining, in addition to mining the basic currency DFS In addition, you can also dig Chinese cabbage, that is, DBC.

It is precisely because KEY can achieve double mining in Dafengshou, so in the end Dafengshou’s EOS+KEY market-making annualized rate of return is higher, which also attracts more KEYs to flow into Dafengyou’s liquidity pool.

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2. Comparison of strategies between Dabao and Dafengshou

Both Dabao and Dafengshou are excellent DeFi projects in the EOS ecosystem. They were established not long ago, only about two months. Compared with the star DeFi projects on Ethereum, there is still a long way to go, but whether it is Dabao is still a big harvest, and it is quite good to be able to achieve such an achievement in about two months.

And we know that EOS DeFi is community-driven, EOS official Block one does not give any substantive support, Dabao and Dafengshou are the results of the efforts of the EOS community. Unlike other public chain DeFi, which will not receive the support of the official team, the projects in the EOS ecosystem are very strong, and they have achieved success without the support of official resources.

Whether it is Dabao or Dafengshou, the currently launched DeFi protocols only have flash swap and minted stablecoins, and there are flash swap mining, market making mining, and minting stablecoin mining.

At present, the overall difference in the amount of funds in the liquidity pools of the two is not very large. In the flash exchange fund pool, Dafengshou has a market value of 17.65 million EOS, while Dabao’s pool has a market value of 12.61 million EOS. The difference in the pool is 5 million EOS.

Although Dafengshou has more funds in the pot, the exchange volume in the last 24 hours is obviously more than that of Dabao, and the number of transactions of Dabao in the last 24 hours is obviously more than that of Dafengshou, which is more than three times that of Dafengshou. It can be seen that the funds are in Dabao's business is more active.

In terms of resource support, it is obvious that Dabao has more resources. After all, Dabao has Newdex behind it. Gashapon has been operating in the EOS ecosystem for more than two years. It has developed together with the launch of the EOS mainnet and has accumulated rich resources. , it is relatively easier to do Gachapon projects, after all, there are so many ready-made resources to support them.

For Dafengshou, although it does not have the same advantages as Dabao in terms of resource support, Dafengshou does better in terms of innovation. The founder Judy does have a lot of ideas, not only has strong coding skills, but also has the ability to write copywriting It is also very strong. Every time I read the copywriting of Dafengshou, it will give people a refreshing feeling. Brother Zhu is really a rare talent.

Due to the ILPO model proposed by Dafengshou, it is possible to achieve double mining and triple mining in Dafengshou mining. It seems that the current maximum is four mining (using EOS+DMD mining in Dafengshou, in addition to mining DFS, you can also mine DMD, DBC and YFC), according to the founder Zhudi, 100 digs are possible in the future.

Of course, Dabao also announced that it will support the DeFi projects developed based on Dabao's LP Token with funds and promotions. I believe that projects based on Dabao's LP Token will be seen soon.

Moreover, Dabao is also actively preparing to go to a large exchange. Dabao’s BOX currently has more than 10,000 currency-holding addresses. It is an excellent project token in the EOS ecosystem. Dabao will also launch at least one large exchange this week. Which big firm will be launched is still in the guessing period, and the Big Treasure has not yet announced.

In short, both Dabao and Dafengshou have achieved very good results. The two have enriched the EOS ecosystem through mutual competition. Many people outside the EOS circle know EOS DeFi, basically starting from these two projects.

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3. Which one should you vote for, Dabao or Dafengshou?

Above we compared the development strategies and current status of Dabao and Dafengshou, so should we invest in Dabao’s BOX or Dafengshou’s DFS? Let me share my strategy as a reference for you.

I think Dabao and Dafengshou do not have the problem of who replaces the other. In the future, the two will coexist. There are relatively few excellent DeFi projects in the EOS ecosystem, and it is almost impossible for the two to replace the other.