How did the "God Mine" BDP, which reached the top of the lock-up list in 2 days, attract 6.5 billion US dollars?
The currency circle once again had an extremely lively weekend.
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Climb to the top of the DeFi lock-up list
How popular is Big Data Protocol? Since the mine was opened on March 6, as of 8:25 on March 8, the total locked volume (TVL) of Big Data Protocol has reached 65.2 in just two daysOne hundred million U.S. dollars.What is the concept of this number? Combined with the lockup data ranking list of Debank (Big Data Protocol is not yet included), it can be seen that the TVL of Big Data Protocol has surpassed Maker, which currently ranks first on the list, and has become the DeFi project with the highest total lockup volume.
Big miners often have the most sensitive sense of smell. According to various information circulating in the community, well-known "miners" such as Shenyu and SBF have invested a lot of money in Big Data Protocol.Among them, the total amount of funds put into the pool by SBF alone is as high as 1.1 billion US dollars.
As of 8:00 on March 8, the staking income of the Big Data Protocol protocol is still considerable. One of the pools supports 12 currencies (WBTC, WETH, USDC, USDT, OCEAN, LINK, SUSHI, UNI, YFI, AAVE, In SRM, TOMOE), the WETH pool with the lowest income temporarily has an annualized rate of 51.023%, and the OCEAN pool with the highest income has reached 1539.7%; the annualized data of the second pool (LP pool) with a relatively greater risk is even more exaggerated. The current annualized rate of the BDP/ETH LP pool is as high as 5169.6%, and that of the bALPHA/ETH LP pool is as high as 7171.44%.
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Provide liquidity for the big data market
The performance of the data surface is so good, what exactly does the Big Data Protocol do?According to the official description, Big Data Protocol positions itself as a DeFi protocol designed to give more vitality to the big data market in the Web 3.0 era.Specifically, Big Data Protocol believes that big data is a high-value but often illiquid asset class. There is a huge market space behind this situation. Big Data Protocol provides 14141 professional data The high-value data services provided by providers are tokenized, allowing these tokens and their corresponding data to circulate freely in the market.
Big Data Protocol provides multi-type data services covering foreign exchange, stock market, and cryptocurrency markets. According to official information, the first set of data sets that can be unlocked now include "ClosingBell's estimated prices and ratings of tens of thousands of stocks", "High Six sets of high-value data: "Twitter Sentiment Changes of Market Cap Cryptocurrencies" and "Glassnode's On-Chain Data Indicators".
How should users access these high-value data? This needs to start with the token model of Big Data Protocol. Big Data Protocol adopts a multi-token model, and there are two types of tokens in the protocol-BDP and "b-series tokens".BDP is the basic token in the Big Data Protocol protocol, which can be used to pay for various transactions in the protocol; "b-series tokens" currently only release bALPHA tokens, which are used to unlock the first set of data sets mentioned above , to view the six sets of high-value data within this dataset.secondary title
How should the "God Mine" be dug?
Big Data Protocol does not have any pre-sale tokens. Although some CEXs have rushed to launch BDP and bALPHA yesterday, the most direct way to obtain BDP and bALPHA is through mining.
Big Data Protocol started mining on March 6th. Let’s talk about BDP first. A total of 24 million BDPs will be released in the first cycle, accounting for 30% of the total supply. After mining in 6 days, no other BDPs will flow into the market within two months after the end of the cycle. The method uses the above-mentioned 12 currencies (WBTC, WETH, USDC, USDT, OCEAN, LINK, SUSHI, UNI, YFI, AAVE, SRM, TOMOE) to mine a single currency in a pool, with low risks and high returns. relatively low.
The mining of bALPHA is started simultaneously with BDP, and all 18,000 tokens will be released in the second pool through liquidity mining within 12 weeks by providing BDP/ETH or bALPHA/ETH trading pairs in Uniswap Liquidity, and then pledge LP tokens in the corresponding pool on the official website, the risk is higher and the return is relatively higher.
As for the subsequent tokens such as bBETA and bGAMMA, like bALPHA, the acquisition method is also the second pool mining, and the specific rules still need to wait for the detailed announcement after the release of the tokens.
In terms of security, official information shows that the contract of Big Data Protocol is developed and audited by TomoChain and LUAswap. The crazy influx of large investors also proves the security at the contract level to a certain extent. Retail investors in many communities mentioned before digging, "The sky is falling, and the big players are holding it up."
However, the current currency prices of BDP and bALPHA fluctuate violently, and the second pool mining will face a considerable risk of impermanent losses. It is recommended to focus on the first pool of prostitutes and participate cautiously.
From the data point of view, the performance of Big Data Protocol in the past two days is a miracle. As for how long this miracle can last? Will the mine collapse? Let us continue to witness history together.
