BOX tripled in one day, driving the EOS DeFi coins to skyrocket. How long will it take for EOS to skyrocket?
Editor's Note: This article comes fromAhua Blockchain (ID: ahua-blockchain), Author: Ah Hua, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Ahua Blockchain (ID: ahua-blockchain)
, Author: Ah Hua, reproduced by Odaily with authorization.
There are endless ways to play DeFi. For example, YFI, AMPL, and the most popular SUSHI these days are all very innovative. Everything is possible on the DeFi track. Can SUSHI’s blood-sucking mode really subvert Uniswap, the leading DEX? It's really hard to say, let's see how Uniswap has responded during the past two weeks.
Capital is in pursuit of high returns. The differences between various DeFi are not very large, and the moat is not strong enough. Where the returns are high, the capital will of course choose where to flow, otherwise it may be subverted. Uniswap has been doing it for several years so what? It is not impossible to be surpassed by projects that are more innovative and users can have more mining benefits.
The gameplay of DeFi, especially ETH DeFi, is really eye-opening. TRON and EOS are also trying to catch up on the DeFi track, and the pearls of TRON have increased several times. The next SUN is also worth looking forward to Oh, among the three major public chains, EOS seems to be slower in the deployment of DeFi, but the EOS DeFi currency has risen unambiguously. This is not to mention that BOX rose three times in a day yesterday, which is also quite amazing. When everyone was chatting in the WeChat group in the morning, it seemed that it was less than 80 yuan, but in the evening it reached more than 200 yuan, which was too unexpected.
BOX’s surge yesterday was mainly related to the gate of the listed exchange. Recently, BOX has been listed on new exchanges. A few days ago, it just listed on Newdex, Hufu, and Whale Exchange. If it goes on like this, I don’t know if BOX can be listed on the three major exchanges. If it can be listed on the three major exchanges, it will definitely continue to promote the skyrocketing price of BOX.
The surge of BOX has caused many people to break their thighs. It turns out that EOS DeFi is also so fierce. Moreover, the participation cost of EOS DeFi products is significantly lower, the transfer is free, and the transaction is confirmed in seconds. , not only is it free, the experience is also very smooth, and the most important thing is the low cost, so for many small retail investors, if the amount of funds is not large, they can actually consider playing on EOS DeFi.
On EOS DeFi, the mining income is also quite good. For example, in Dabao, the mining income of EOS+KEY and EOS+USDT is quite good. These are the two pools with the largest amount of funds in Dabao, and KEY has reached 450 million.
Thanks to Defibox’s contribution, Tether’s newly issued USDT was almost transferred a few days ago. Defibox’s contract account swap.defi is already the largest EOS-USDT holder with a holding volume of 8.57 million USDT. The proportion of holdings reached 56.23%.
According to this transfer speed, I believe that Tether will issue more EOS version USDT in the next few days. I hope that more will be issued this time. Don’t look down on EOS. The follow-up potential of EOS DeFi is still great, and there is still a great demand for the stable currency USDT .
BOX’s big rise yesterday, in addition to the gate on the exchange, there is another good thing is that the multi-signature of the contract account has been deployed yesterday, and this mechanism has been successfully implemented in the smart contract of Swap and USN stable currency.
The multi-signature of the Defibox smart contract adopts the "1+3" mechanism. In the future, smart contract modification and fund transfer will require at least three other nodes' co-signature confirmation in addition to Defibox to complete.
Defibox realizes the multi-signature of the smart contract, which is a major upgrade in terms of security, which can rule out the possibility of the Defibox Foundation misappropriating smart contract funds, because whether it is modifying the contract code or transferring the assets in the contract account, in addition to the Defibox signature, there are also At least 3 of the other 11 EOS nodes are required to sign. The multi-signature mechanism is more conducive to ensuring the security of users' assets and improving the trust of users.
The Swap smart contract account of Defibox is swap.defi, we can look at its account permission design.
In the Owner permission of the contract account, its permission threshold is 23, which means that the sum of account weights participating in the signature must reach at least 23 before an operation of the Owner can be performed, such as modifying the contract code or transferring the The assets in the account, while the weight of Defibox official account msig.defi is set to 20, and the weight of the other 11 nodes is 1, so the meaning of 1+3 is that when performing certain operations, only Defibox and the other three nodes will jointly Only then can it be executed with permission, otherwise the execution will fail.
If the other 11 nodes want to initiate some proposals behind Defibox’s back, it is impossible to succeed, because even if all 11 nodes participate in the signature, the sum of the weights is only 11, and if the threshold of 23 is not reached, they will not have the ability to perform certain operations authority.
Similarly, Defibox's USN stablecoin smart contract also has such a multi-signature design, and its contract account is danchorsmart.
Among the nodes that can participate in signatures, there are exchange-type nodes zbeos and Whale Exchange, wallet-type nodes meetone and TokenPocket, security company-type nodes SlowMist, and community-type nodes such as EOS Canon. The types of nodes are quite extensive. The wider the types of nodes and the more independent the nodes, the more secure the account will be.
The Defibox contract account takes the lead in multi-signature, which will be a standard feature of EOS DeFi. It is believed that other EOS DeFi projects will follow up immediately, and some well-known nodes in the EOS community will be invited to participate. With the supervision of other well-known nodes in the EOS community, the assets that users put in the smart contract account become more secure.
With the efforts of Defibox, its liquidity pool funds are constantly increasing. At 22:00 last night, Defibox’s swap and USN locked positions have reached a market value of 11 million, basically increasing at a rate of 1 million EOS per day. In EOS DeFi, Defibox is undoubtedly already the big brother of EOS DeFi.
The price of BOX has also risen with the increasing amount of locked positions in the Defibox fund pool. Due to the surge of BOX, other coins in EOS DeFi such as OGX, DFS and PIZZA have also risen, especially the prices of OGX and DFS yesterday Almost doubled. BOX, OGX, DFS, and PIZZA have formed a plate effect, and BOX already has the ability to drive the entire EOS DeFi sector up.
Since the performance of BOX is so amazing, it will be the most likely EOS DeFi out of the circle. The surge of BOX yesterday has successfully aroused heated discussions in many non-EOS WeChat groups. In a market rich in stories, only skyrocketing can convince people. Yesterday, BOX has already convinced many people, and it has also brought more attention to EOS DeFi. I believe that BOX can bring new users to EOS DeFi. of.
The performance of BOX also attracted the attention of Block.one CEO BB. After all, the locked-up market value has reached 11 million EOS, which is not a small amount, and it only took more than a month. Defibox is one of the EOS DeFi projects. Excellent representative, BB may be the Twitter spokesperson of the project in the future.
Although BB and BM are often talkative, if they often mention Defibox on Twitter, it will allow more foreign EOS users to understand and rush into this project. At present, most Defibox users are our Chinese. If The entry of more foreign EOS users will undoubtedly push up the price of BOX.
Will Booming EOS DeFi Drive EOS Price Up?
