The DeFi enclosure movement has spread to CEX, how far can it go?
Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.
Editor's Note: This article comes from
Golden Finance
Golden Finance
, reprinted by Odaily with authorization.
As of press time, according to Debank data, the total lock-up volume of DeFi has reached 12.808 billion US dollars, and the lock-up volume of Sushiswap, which has only been online for 7 days, has reached 1.514 billion US dollars.Huobi、OKExThis wave of "decentralization" initiated by the technology party and driven by capital has attracted all the attention of the currency circle, even the centralized exchanges, with its unimaginable wealth creation effect.
The Fall and Counterattack of CEX
On September 1, SUSHI landed in one go
And the three major exchanges of Binance, and then its price has been rising all the way, reaching a maximum of 11.17 US dollars. This is probably the first project that has been continuously launched on the top trading platform in less than 100 hours. Apparently, the enclosure movement around DeFi is on.
Huobi Global"Judging from the enthusiasm for listing DeFi project tokens on the second-tier mainstream platforms, they seem to have forgotten the concept of 'listing fees'. This is anti-monopoly and anti-hegemony, which also reflects that DeFi has brought more decentralization market characteristics.” Chen Mo, an in-depth participant in the DeFi project, told Jinse Finance.
OKExBao Erye said that the development of DEX has further restricted CEX, and such things as data smashing may become less and less in the future. In the future, it may become more and more difficult for small CEXs to survive, and large CEXs will also consider transformation or develop their own DEX products.
In the face of the strong DeFi, the exchanges quickly responded, no longer blindly passively listing coins, and started their own counterattack:
Huobi Global
Announced that it will launch a series of activities in the near future, "locking HT to participate in DeFi liquidity mining", and said that it has prepared 50 million USDT equivalent blockchain assets for DeFi liquidity mining, which greatly simplifies the participation of ordinary investors The operation process of DeFi mining reduces the cost of participation;
DeFi projects such as DEx, lending, and derivatives will be developed on OKChain, and cooperation with existing DeFi star projects will be strengthened in business sectors such as listing, mining pools, and Yubibao.
Obviously, with the intervention of centralized exchanges, the DeFi tide will rapidly spread from the games of big players and scientists. Originally, due to problems such as cognition and information asymmetry, those who do not know how to operate Unisawp and Balancer, and do not know how to mine Novice users, most of them will soon become very proficient.
How far can DeFi go?
Scattered flowers come into my eyes, and my heart is burning with anxiety. This is a portrayal of most DeFi participants.
"Which one should be dug? How to operate it? How long can it be dug?" is also the question they are most concerned about. What is certain is that the current state is clearly unhealthy, which is crazy. Including V God has bombarded this status quo more than once: "DeFi income farming is unsustainable just like the central bank printing money crazily to save the economy. So far, the only strategy I have seen to generate long-term fees is some kind of weird Financial attacks, grabbing liquidity and stealing network effects from swaps, I'm pessimistic about this strategy."
