Weekly Editors' Picks Weekly Editors' Picks (0304-0310)
"Weekly Editor's Picks" is a "functional" column of Odaily. On the basis of covering a large amount of real-time information every week, a lot of high-quality in-depth analysis content will also be released, but they may be hidden in the information flow and hot news, and pass you by.
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.
Now, come and read with us:
Investment and Entrepreneurship
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.
Now, come and read with us:
secondary titleInvestment and Entrepreneurship。
DeFi
How to define the native benchmark interest rate in the encrypted world?
Thinking about the "risk-free rate", we will know what kind of economic activities in the encryption market may match the risk and return. The risk-free interest rate is a perspective to observe the overall situation of the "public chain country". The actual interest rate can assist in judging the maturity of the ecology, and it also has certain guiding significance for investment strategies. Similar to the real world, the more mature the economy in the encrypted world, the lower the interest rate offered by the economy.
By simply observing the ranking of POS yield and TVL, it is beneficial to deploy different public chain investment strategies: For stable investors, they should look for public chain projects with low POS yield and positive actual POS yield as the target library ; For aggressive investment, projects with larger profit-loss ratios may be in public chains with high POS yields and negative actual POS yields.
Also recommend a tool-type article for developers:
"ZK Developers Must Read: Optional Tools from Entry to Advanced"
This article sorts out the DeFi protocol for impermanent loss protection. What is the specific effect?
Hedging strategy: The hedging strategy mainly uses forward contracts to eliminate risks.
Risk transfer strategy: mainly use insurance and option contracts to transfer risks to others.
Diversification strategy: Reduce overall risk by constructing a portfolio.
The Trojan horse of DeFi, Uniswap is an options market?
An article that is partial to definitions, theories, and formulas.
Judging the performance of the liquidity pool needs to consider the volatility. The volatility of the underlying asset is the most important factor in determining the value of an option. Because the greater the volatility, the more likely it is that you will make money when the option expires.
Since Uniswap is dynamically hedging the risk of a hypothetical put option long on its asset reserves, it will basically always trade in the opposite direction. Therefore, at any given time, Uniswap holds a put option position on its asset reserves. When liquidity providers add liquidity to a pool, they have the risk of short options embedded in the liquidity pool.
In-depth exploration of LSD advanced gameplay and its essence
The income source and distribution of Frax/frxETH are: Frax Finance protocol assets/protocol income motivates frxETH; Staking income of both frxETH/sfrxETH is given to sfrxETH.
The source and distribution of the income of yETH expected to be produced by Yearn in the near future are: Yearn Finance protocol assets stimulate liquidity and thus indirectly stimulate yETH; sfrxETH income from both yETH/st-yETH is given to st-yETH.
Agreement asset incentives, interest rate arbitrage and another job are the three sources of excess returns, but at the same time, complex gameplay will bring more risks.
NFT, GameFi, and the Metaverse
The next-generation Perp DEX battle begins
The core meaning of PVP AMM is: Trader puts chips, namely margin, in a pool, and those who "relatively" earn more will get more chips, and those who "relatively" earn less will lose money. PVP traders are a whole, and the overall profit means that the Trader PnL is positive, which will drive the supply of GD to rise and the price to fall. You need to earn more than the whole to really make money on the U standard.
P2E→X 2 E→F 2 O/PlayFi/R 2 E；
AAA VS. Casual Games；
GameFi → DeGame；
Land → Metaverse。
The challenges faced by PVP AMM are: cold start (need to have enough traders, the trading experience will be good, chicken and egg problem); use threshold (complicated mechanism makes it difficult for users to understand, users need to be well educated to avoid misunderstanding).
NFT, GameFi, and the Metaverse
GameFi 2022 Annual List and 2023 Outlook Report
3 A chain game masterpieces start internal testing, explain in detail the gameplay and asset market value of Bigtime, Illuvium and Parallel
Ethereum
Bigtime tokens have not yet been launched on the secondary market, and NFT assets are diverse. Based on the main NFT asset Space NFT, the market value is 88.06 million US dollars.The estimated market value of Illuvium land is 23044 ETH, which is equivalent to 36.27 million US dollars. The current circulating market value of its token ILV is 181 million US dollars, and the total market value is 789 million US dollars.Parallel's PRIME tokens currently have a circulating market cap of $61.92 million and a total market cap of $352 million. There are 1,239 types of NFT assets, with a total of 6 million pieces. According to the average daily transaction price, its market value is estimated to be 932,000 ETH, which is equivalent to 920 million US dollars, which is an inflated valuation.《In the three games, Bigtime’s tokens are only distributed through players playing the game, while the other two games are distributed through teams, fundraising, and in-game channels. All three made profits by selling NFT assets, among which Bigtime made the most profits. Both Bigtime and Illuvium have a large amount of land assets to be distributed. The difference is that Bigtime is dropped for free through users playing games, while Illuvium is sold through sales. Illuvium's token market value is twice that of Parallel, and Bigtime's tokens have not yet been listed on the secondary market.Ethereum
ETHDenver Notes: Interview with 75 attendees, what do they see as the next big thing? "
Insights from ETHDenver 2023 participants: What will be the engine driving the next round of bull market? "
expansion
In-depth analysis of the supply shock and second-order effect after the upgrade of Ethereum Shanghai
After subtracting the ETH that may be re-pledged, it is estimated that about 1.8 million ETH will be converted into liquid assets through withdrawal. This represents 1.5% of the total ETH supply and 10.5% of the total ETH supply on the beacon chain. This forecast is conservative and the actual number is likely to be lower than this.
expansion
DAO
This article takes stock of the development status of 6 major bitcoin expansion solutions
PANews takes stock of the recent development of common bitcoin scaling solutions.
Stacks and RSK are more common. RSK supports EVM, and there are more funds in chain applications. However, only Stacks has seen rapid data growth recently.
Among the several schemes mainly used for BTC payment, Lightning Network has the most BTC. Liquid Network is actively preparing for DeFi, NFT and other use cases. Statechains has limited applications. Although Drivechain can customize various side chains, it has not yet seen large Scale application.
secondary title
Large DAOs are developing their own tools based on their own unique business processes and governance models, while small DAOs use a combination of on-chain and off-chain tools. Discord and notion are the most widely used by all DAOs, followed by on-chain tools genosis safe and collab.land. Tools are designed to increase transparency, reduce trust costs, and improve collaboration efficiency. Tools should serve the goals of DAOs, not the other way around.
hot spots of the week
In the past week,With Utah officially recognizing the DAO as a separate legal entity and allowing dividends, reputation tokens may be widely used in DAO governance in the future.There are several types of DAO's current business models: incubator model, which becomes a certain form of outsourcing department of a large Web2 company or a large Web3 project, independently provides professional services in some vertical fields and charges, and serves a global network of DAOs with specific cultural backgrounds.secondary title，hot spots of the week，In the past week,Silicon Valley BankBelow $20,000，Mt. Gox extends claim filing deadline to April 6，Circle: A small portion of reserves are deposited in Silicon Valley Bank, and 80% of USDC’s reserves are US Treasury bondsMt. Gox extends claim filing deadline to April 6PayPal Finance plans to restructure debt of more than $700 million，Judge Approves Binance.US Acquisition of Voyager Digital Assets, But Deal Still Needs to Clear Regulatory Hurdles；
In addition, in terms of policies and macro markets,Mt. Gox's biggest creditor opts for early payment in September，, and plan to hold paid bitcoins,，PayPal Finance plans to restructure debt of more than $700 millionJudge Approves Binance.US Acquisition of Voyager Digital Assets, But Deal Still Needs to Clear Regulatory HurdlesIn addition, in terms of policies and macro markets,The EU's new anti-money laundering law stipulates that NFT platforms, etc. are bound by the lawThailand to offer tax breaks for companies issuing investment tokens，Federal Reserve Forms Team to Study Cryptocurrency Innovation, Powell:Non-bank activities in cryptocurrency, mortgage lending space should be subject to the same regulation as regulated banks；
, the White House spokesman:The government is closely watching the situation in Silvergate, and Biden has called on Congress to act，Tether：US CFTC Chairman Thinks Ethereum and Stablecoins Are Commodities Not Securities, disagrees with Gary Gensler, Grayscale CEO:Is using all resources to fight the legal battle with the US SECIn terms of opinions and voices, the Wall Street Journal:Tether used fake documents and shell companies to open bank accounts，Arthur Hayes：,"Washington post":；
Institutions, large companies and top projects,Silvergate's bad debts are all deposits, not assets，, the new CEO of FTX:，Create a US dollar stablecoin with "Bitcoin margin + reverse perpetual contract" as the issuance mechanism，Gitcoin Partners with Index Coop to Launch gtcETH，Multicoin Capital Hedge Fund Lost 91.4% Last Year，Tornado Cash Fork Primacy Pools v 0 is Now Live Optimism，Meta is exploring a text-based decentralized social networking applicationCoinbase Launches Wallet-as-a-Service Offering to Simplify Getting Started with Web3Gitcoin Partners with Index Coop to Launch gtcETH；
ENS will soon launch "Name Wrapper" APPTornado Cash Fork Primacy Pools v 0 is Now Live Optimism，Solana Lending Protocol Solend，Publishing the Solend V2 white paper that will reduce risk and improve decentralization, Alpha Homora:，Community to Vote on Absorbing Over $30M in Bad Debt with Iron BankNFT and GameFi space, Yuga Labs:Top 288 bidders in TwelveFold auction will win Inscription，Highest bid over 7 BTC，Mirror launches 'Subscribe to Mint' feature...well, another week of ups and downs.
With "Editor's Picks of the Week" seriesPortal。
See you next time~
