Recommended reading for the weekend | How to play Gamefi and NFTfi? Valuation of YFI, the crown jewel of DeFi (www.blockcast.cc)

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“Try to value YFI, the crown jewel of DeFi”
Propose a basic valuation framework and possible valuation ranges.
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“The DeFi crossover wave is quietly taking root. How do Gamefi and NFTfi play? 》
NFT introduces differentiated assets based on scarcity to DeFi, and DeFi also gives NFT commercial value through financial means.
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“DeFi Dilemma: DeFi Wants to Be CeFi? Or is CeFi eating DeFi? 》
The latter situation is quite possible.
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“Understanding the “Alchemy” of Hash Rate: The Reflexivity of the Cryptocurrency Market and the Change of Seasons”
There is no causal relationship between cryptocurrency computing power and price, but the expectation of future mining revenue and the expectation of hash rate growth are mutually reinforcing.
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Cool stuff

“Three minutes to understand the decentralized currency price insurance agreement PAYASO on the Ethereum chain”
The PAYASO insurance agreement is based on Ethereum and is mainly used to protect against asset price fluctuation risks.
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“Three minutes to understand the decentralized option agreement Primitive Finance”
What Primitive Finance is doing is to build a sufficiently healthy option market in the DeFi world.
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“Revealing the first blockchain art auction “Portraits of a Mind” at Christie’s”
There are 40 pieces of “Portraits of a Mind” Bitcoin-themed series of artworks, of which the 21st piece is being auctioned at Christie’s in New York.
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“What are the highlights of PowerTrade, which has received US$4.7 million in investment? Pantera partner talks about the potential of crypto option apps》
From the recent acquisition of Blockfolio by FTX, it can be seen that encrypted products focused on mobile have huge value potential, and the potential of the cryptocurrency options market is also huge, and PowerTrade provides retail investors with mobile products for encrypted options trading.
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DeFi and NFT insights

“DeFi has exploded. What is the development of the Ethereum ecosystem behind it? 》
Delphi Digital analyst Alex Gedevani will help you analyze the development status of Ethereum’s network activities, DEX, stablecoin, lending, and derivative products, and gain an in-depth understanding of the current status of Ethereum’s ecological construction.
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“What’s next for DeFi insurance star Nexus Mutual? What are the other possibilities for managing DeFi risks? 》
Encryption venture capital 1confirmation and Nexus Mutual’s founders’ telephone conference records answered these questions.
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“Who is Pak? Listen to the muse of digital art talk about the bottleneck of encryption art and the way out of the circle”
Nick Tomaino, the founding partner of Crypto Venture 1confirmation, recently interviewed the great god of the digital art world and authorized the publication of his interview records.

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A few things not to miss

Important project progress

• The open network platform NEAR main network realizes decentralization completely run by the community
• Synthetix start Ethernet Square two-story expansion program Optimistic test network
• Tron cooperates with crypto service provider BitGo to issue TRC20 token standard WBTC
• The number of participating verification nodes in the new Ethereum 2.0 testnet, Spadina, has reached the original requirement
• Libra co-founder Morgan Beller leaves and will join venture capital firm NFX
• Gavin Wood: Kusama Parachain auction will precede Polkadot Parachain auction
• Origin Protocol launches stable currency OUSD, which has features such as automatic mining and flexible supply
• The privacy protocol layer project Keep Network restarts the Bitcoin-anchored currency cross-chain protocol tBTC
• The public chain platform Flow developed by Dapper Labs initiates a community sales appointment with a personal purchase limit of USD 1,000
• Decentralized service platform Avalanche officially on the main line network
• The Ethereum user entry solution UniLogin closed the project due to continued high gas fees. The new entrepreneurial direction may be the Layer 2 wallet

Investment and Financing

• Robinhood completes supplementary financing of US$460 million, and the total amount of round G financing reaches US$660 million
• RockX, a one-stop digital asset service platform, launches a US$20 million investment plan for the Polkadot ecosystem project
• APY.Finance, a liquidity mining aggregator, completed a $3.6 million seed round of financing, with Arrington XRP Capital participating in the investment
• Sia developer Nebulous received $3 million in financing led by Paradigm and changed its name to Skynet Labs
• DeFi Lending Agreement Liquity Completes $2.4 Million Seed Round Financing, Polychain Capital Leads Investment
• Encrypted data analysis platform Dune Analytics completes USD 2 million seed round financing, led by Dragonfly Capital
• Blockchain startup PureStake has completed a seed round of 1.4 million USD and plans to use it for the development of the Polkadot ecological project Moonbeam Network
• DeFi consensus layer finance.vote completed $1.38 million in seed round financing and private equity financing
• Polkadot-based DEX Polkastarter received $875,000 in seed and private equity rounds including NGC
• IOSG Ventures invests in the privacy layer protocol project Keep Network
• Blockchain venture capital fund Alphabit invests in open financial platform DeFiner, the investment amount has not been disclosed yet
• The two co-founders of Morgan Creek are betting on digital art and will invest heavily in this field

Data and research report

• Data: The number of anchored Bitcoins on Ethereum exceeded 110,000, a new high
• The total market value of stablecoins exceeded US$20 billion, and investors’ demand for hedging risks in the crypto market continues to grow
• Data: There will be a Bitcoin option contract with a notional value of over US$900 million to expire on September 25
• Bitcoin blockchain storage space exceeds 300 GB
• Uniswap’s total lock-up volume broke the historical record of US$2.2 billion, boosting the total lock-up volume of DeFi to exceed US$11.3 billion
• Data: The correlation between Bitcoin and gold reaches a one-year high

Transaction and market

• The largest shareholder of the Korean exchange Bithumb seeks to sell 74% of the shares at a minimum price of US$430 million
• CoinGecko survey : 40% of respondents do not understand how to read smart contracts
• ICO Analytics: Acala, CODA and other blockchain projects are worthy of attention , and their tokens may be launched this year
• Data: ETH/USDT transaction slippage on Uniswap is better than Binance

Big company progress

• Ant Group released Trusple, a blockchain platform based on AntChain technology, and disclosed 5 partners
• Tencent Cloud smart contract security management requirements related proposals have been approved by the blockchain international standard project
• U.S. investment company Valentus plans to raise $ 50 million for its credit fund by issuing virtual currency
• Brazilian fund management company Hashdex is approved to cooperate with Nasdaq to launch the first cryptocurrency ETF
• Former HSBC, Citigroup and other bank executives established Liquibit Capital, an encrypted fund , with asset management scale reaching US$50 million

Supervision, macro dynamics

• CCTV’s “Tianxia Finance” column : Cryptocurrency has become one of the best performing assets so far this year, and DeFi has helped the market recover
• Major Indian exchanges spontaneously create a regulatory framework related to cryptocurrencies and submit them to the government
• The European Commission will launch a blockchain-related regulatory sandbox mechanism in 2022
• Busan City, South Korea plans to invest 6.51 billion won to cultivate blockchain, AI and other related R&D talents
• Media: Venezuela will supervise cryptocurrency mining related activities
• Development and Reform Commission and other four ministries : to steadily promote the integration of cloud computing, blockchain and other technology integration innovation and integrated applications
• The central bank and other departments : All parties involved in supply chain finance should rationally use the new generation of information technology such as blockchain
• U.S. Office of the Comptroller of the Currency says U.S. banks can store reserves for stablecoin issuers

safe question

• Security engineer Chase Wright advises users not to pledge ETH when ETH 2.0 phase 0 starts. Danny Ryan, the head of ETH 2.0, responded
• Developer of Lightning Lab: Lightning network channel wumbo has a vulnerability , which may cause the channel to be paralyzed for two weeks

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Preview next week

September 26 (Saturday)

• The new testnet of Ethereum 2.0, Spadina, runs in parallel with Medalla for three days for public testing

September 27 (Sunday)

• NULS will announce the details of the new roadmap on its third anniversary
• An coins on line of three new coins mining project Flamingo (FLM)

September 29 (Tuesday)

• Block chain electronic contract platform Firmachain (FCT) starts the main network
• IoTeX Ucam goes live on Amazon in North America
• The decentralized trading platform DODO will use the vending machine model to issue tokens
• Synthetix, a synthetic asset platform, undergoes a “Deneb” upgrade

September 30 (Wednesday)

• Decentralized trading platform UniTrade is expected to officially launch

October 1 (Thursday)

• DEX aggregator Starcurve plans to launch Starcurve MVP version
• Resilient blockchain network Skale plans to launch the second phase of the network

October 2 (Friday)

• Public chain platform Flow closes community sales