Thoughts on the popularity of BobaNetwork: How can the L2 track achieve new breakthroughs when the heat subsides?

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Odaily资深作者

2021-11-30 10:50

This article is about 1128 words, reading the full article takes about 2 minutes

An ecology with its own "Boba" meme leads to some thinking about the L2 track.

Author: @bitouq

Editor: The Tao of DeFi

Today, I would like to summarize a seemingly not so hot, but quite interesting ecology #BOBA, such an ecology with its own "Boba" meme, leads to some thinking about the L2 track, from several perspectives:

1. How is it different from other L2s?
2. Why is it interesting?
3. List several agreements, welcome to add;
4. Feel free to exit the L2 track.

The following is not financial advice, judge for yourself.

What is the difference between 1 and other L2

BobaNetwork uses Optimistic Rollup, which has a relatively high utilization rate at present. The L2 that we are familiar with usually has a 7-day challenge period when withdrawing funds. Boba has optimized this point. Through the official fund pool, it can achieve fast Deposit and withdrawal, the premise is that the liquidity of the capital pool is sufficient (currently not enough), another feature is that Boba supports the casting, moving and selling of NFT between L2 and L1.

2 A few interesting points

The data collected from @DefiLlama currently has a total TVL of 485M, which should actually be higher than this figure. More than 90% of the TVL is locked in OolongSwap, which means that the current native protocol in the entire ecosystem is quite scarce. I also observed it Projects in this ecology, in concept, many protocols have introduced the reserves in DeFi 2.0, POL, PCV, etc., which are surprisingly "fashionable".

3 List several agreements

Dex：

@oolongswap A Dex that collects most of the money in the entire ecology. What’s interesting is that it sets up a PCV, which will lock a bunch of income in the PCV, and then the money in it will be used to repurchase and ensure the liquidity of governance tokens. A simple protocol with its own liquidity.

@SwapperChan looks like a fork of Sushiswap, the special feature is Boba Waifu.jpg

Machine gun pool:

@bananafarm_io Reposted by Boba Community in the morning. It goes online today and automatically re-invests. It looks very similar to autofarm. The concept of reserve currency is mentioned in the document, and the automatically repurchased currency will be stored in the treasury. In the future, the treasury will be used to activate the reserve currency . How to achieve it is not mentioned.

dex+ohm：

@senpaiswap has a liquid DEX, uses the bond mechanism in ohm to accumulate liquidity, and then supports the DEX. The front end is also a fork of ohm, and then added a few big boba eyes.

In addition, multi-chain protocols such as Synapse and autofarm also support Boba. The old protocols are not listed. Overall, Boba is still a very early L2. It can be seen that many protocols are being tried, but the regular army has not yet entered the field. Even Boba's own capital pool is not very large at the moment.