Recommended reading for the weekend | Demystifying the new DeFi gang FTX, what about the blood-sucking Uniswap? (www.blockcast.cc)
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“Secret of the new “DeFi gang” FTX and the expansion of the Alameda behind it”
The Alameda Research and FTX army led by legendary trader Sam Bankman-Fried has become a force that cannot be ignored in the DeFi world.
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“What about the blood sucked Uniswap? 》
Fortunately, Uniswap has announced that it is developing the V3 version of the agreement. Hayden Adams has publicly stated that the next version will solve all the problems currently encountered by AMM.
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“Interview with Su Zhu: Community rather than VC promotes the prosperity of DeFi, and DeFi decentralization is a process”
Su Zhu believes that the adoption of DeFi products will eventually be concentrated in Asia, and the VC model seriously hinders the development of DeFi.
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Cool stuff
“DAO + ICO Another Attempt: Aave Eco NFT Platform Aavegotchi plans to launch DAICO this week”
Aavegotchi plans to launch DAICO this week and simultaneously list AavegotchiDAO and ecological governance token GHST.
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“Can Frontier, the wallet aggregator realized through composability, shake the existing wallet ecology? 》
Frontier first used composability to “outsource” the wallet’s private key management function to a third party, and then captured the initial users and traffic by providing a more DeFi interface-friendly experience.
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“At a glance DeFi option agreement Hegic flexibility advantages and risks”
Hegic introduces permission-free options through the “Option Selling Pool”, but there are certain risks in the pricing model and smart contracts.
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“Understand the investment potential of the decentralized autonomous organization DXdao in 5 minutes”
Probably the DAO with the best profitability.
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DeFi insight
“DeFi has a bubble, but organic growth also has a magic weapon”
Liquidity mining is an excellent solution to activate short-term liquidity, but DeFi needs to use composability, fair start and other methods to achieve sustainable growth.
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“Coinbase View: An Analysis of the Potential and Risks of UMA and Synthetix and Other Cryptographic Synthetic Asset Platforms”
Most DeFi applications are like replica products of traditional finance, and synthetic assets offer another possibility: a market where everything can be tokenized.
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“Minority View: The DeFi Governance Tokens Controlled by Oligarchs are nothing but recentralization of ReFi, or lead to more serious centralization”
The error correction capabilities of the DeFi protocol are generally overestimated, and governance tokens may open the door to re-centralization, leading to more serious centralization.
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A few things not to miss
Important project progress
- YFI founder Andre Cronje will launch decentralized stable currency credit agreement StableCredit
- Binance will provide 100 million U.S. dollars in funding to support the Binance Smart Chain ecological project
- SushiSwap has completed the migration and sushiswapclassic.org is now online
- Algorand becomes USDC’s official blockchain
- Tether issues USDT stablecoin on Solana blockchain
- UMA starts renBTC-based liquidity mining , and can get UMA, REN and BAL tokens every week
- Mooniswap, an automated market maker service launched by 1inch, has been integrated with the TRON blockchain
- Curve has added a HBTC/WBTC fund pool, which has passed a weighted vote
- Alternative stablecoin project Ampleforth starts the second round of mining plan Ampleforth Geyser Beehive 2
- Aave, a decentralized lending agreement, is about to release a preliminary proposal for pledge rewards, and it is expected that pledge penalties will not be implemented in the initial stage
- FTX founder and Serum consultant announced the first part of Serum’s roadmap , and on-chain staking will be launched next month
- Yearn’s first public team , including 10 members of Cronje
- On-chain option agreement Opyn is unable to exercise its rights due to Maker’s discontinuation of the V1 oracle component
Investment and Financing
- Diginex, a Hong Kong blockchain service company, completes US$20 million in financing before listing
- The crypto exchange INX has raised more than 7.5 million US dollars through IPO and will support BTC, ETH and USDC payments from September 14
- Singapore investment company Based Ventures invests US$5 million in DeFi stablecoin protocol Lien
- Automated digital currency and fiat currency exchange gateway XanPool completed US$4.3 million in Series A financing , OK and HashKey investment
- BarnBridge, a cross-platform graded derivatives agreement, completes $1 million in seed round financing , ParaFi Capital participates in the investment
- Coinversation, Polkadot’s ecological project, received $500,000 in seed round investment
- DeFi derivatives trading platform MCDEX completed its first round of financing , and many people in the DeFi field participated in the investment
- Shell Protocol, a stablecoin interoperability protocol, received investment from The LAO, a compliant DAO project
- Swisscom’s blockchain subsidiary Swisscom Blockchain received funding from the Web3 Foundation to develop the PoS network protection layer of Polkadot
- DeFi lending platform ForTube receives strategic investment from NGC
- Crypto investment institution CoinFund invests in NFT-based digital collection and trading platform Rarible
- LN Markets, a trading platform based on the Lightning Network, completed a seed round of financing , with investors including Bitfinex and other companies
Data and research report
- Data: The number of Ethereum addresses reaches 46 million, and about 67.3% of users are profitable
- Data: The total lock-up volume of Curve fork project Swerve has reached 550 million US dollars, more than half of the lock-up volume of Curve
- Statistics: A total of 11 DeFi-related fundraising transactions were conducted in August, with a total fundraising scale of USD 54 million
- Data: The average website traffic of crypto exchanges in August increased by 26% month-on-month, and Uniswap ranked 12th
- Statistics: The number of active DAOs has increased by 660% compared to 2019, and the total value of Aragon accounts is in a dominant position
- Data: The circulation of Bitcoin anchor coins on the Ethereum chain exceeded 70,000
Transaction and market
- The new project SashimiSwap promotes Uniswap’s lock-up volume of US$1.1 billion, which is basically the same as SushiSwap
- Police in Seoul, South Korea searched Bithumb for the second time this month, and the actual owner of the latter was suspected of fraud
Big company progress
- London-listed mining company Argo Blockchain’s financial report for the first half of the year : Bitcoin mining volume surged 5 times year-on-year, but pre-tax profit was cut
- Mastercard launches a test platform for central banks to evaluate central bank digital currency use cases
- Crypto giant DCG acquires crypto exchange Luno, the amount of the acquisition has not been disclosed
- The New York Attorney General’s Office requires the court to issue an order for Tether and Bitfinex to submit documents related to the US$900 million loan
- Canaan Technology intends to buy back US$10 million of shares in the next 12 months
Supervision, macro dynamics
- Switzerland passed legal amendments related to digital securities to recognize the legality of digital transactions and define the operational requirements of crypto exchanges
- The U.S. Energy and Commerce Commission passed two bills involving blockchain technology, pending a vote in the House of Representatives
- Shenzhen Branch of the Big Four Banks: Some employees have received the digital currency invitation code to participate in the internal test
- Six key PlusToken members were prosecuted by the People’s Procuratorate of Xiangshui County, Yancheng City
safe question
- The European crypto exchange ETERBASE hot wallet was stolen , losing more than $5 million in assets
- Slow fog reminder: EOS DeFi mining project EMD is suspected of running away
- Slow fog: EOS RAM mining project “Coral” is suspected of being hacked
Preview next week
September 13 (Sunday)
- DeFi stablecoin protocol Lien will be launched on FairSwap on September 13 for public offering
September 14 (Monday)
- TrustSwap (SWAP) is expected to launch the mainnet
- The first round of public offering of the hybrid blockchain platform Cypherium (CPH) is about to end
September 15 (Tuesday)
- The Coinbase Pro online DeFi polymerization proceeds token protocol yearn.finance YFI
- Open network platform NEAR Protocol held an open online hacker marathon event
- NEM launches V1 version of “Symbol” testnet
- Blockchain sandbox game The Sandbox (SAND) starts land pre-sale activity
- Privacy male chain Secret Network upgraded version of the contract secret network on the main line network
September 16 (Wednesday)
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