Role Weekly DeFi insitu mining giants working in to the field

Editor: Uncle Crimson Army
Editor's be aware: Are you sick and tired of mining all the time? Those who dig aren't tired, those who watch are exhausted. The starting point of mining would be to activate applications and attract customers. The query is, has the objective been achieved? Are there any real new customers entering the industry of DeFi? The so-called attracting brand-new users identifies newly added users, users beyond your circle, aside from beyond your circle, the participation of the circle is bound. DeFi mining may be a bit exaggerated to say that it is a zero-sum game, but it can be very close. THEREFORE I believe that the current situation of DeFi will be "in-situ mining", and many practical troubles, such as for example thresholds, have to be solved. However, giants attended in, from BSN to Alibaba Antchain, to Visa to Oracle. I abruptly felt that the devil acquired entered the village, and we had been nevertheless singing and dance.
01
Any kind of new customers for liquid mining?
The core of DeFi's current Yield Farming is based on incentives. As long as you take part in the corresponding hyperlinks, you can find rewards. Over time, the project group expectations to motivate brand-new users.
What is the result? Are there any new users?
From the traffic point of view, there's been an increase. For example, it seems that the project party has made a income, but from the viewpoint of new users, it really is very small. Currently, the transaction involved in mining requires more than $5,000 to make. This threshold is already high. .
This is a completely different strategy from the Didi subsidy of the year. Each subsidy of Didi would be to attract even more automobiles to enter, but more importantly, it also attracts brand-new taxi customers to enter. These new users are true new users.
Therefore, the existing dilemma of DeFi will be that the players in the circle are high-end players and don't bring ordinary gamers to play, aside from those outside the circle. This greatly limits the growth of DeFi. The current DeFi is similar to a game entered from the remaining pocket and the proper pocket. These players are in fact professional "wool parties".
DeFi must solve the issue of fresh bloodstream, and as a product, lowering the threshold of use is an urgent matter.
Click to learn: Is mining the detour inside the growth of DeFi?
02
DeFi laughed, Ethereum cried
The first principle of economic system design is that the upper-level applications and the underlying native tokens should be tightly coupled. Once they could be independent, they'll fall apart.
That is also the case with DeFi today. MakerDao at first used ETH as its native assets, and allowed various other non-ETH resources to assist as security; Synthetix was even more direct, using its native token SNX.
And the liquidity mining fire basically seems to have nothing related to Ethereum.
From the current data perspective, the quantity of ETH locked in DeFi has increased from 3 million at the beginning of the entire year to 4 million now. Though it has increased, it isn't very obvious. Particularly when compared with the total circulation of 110 million, the proportion is actually very large. small.

The answer is EIP 1559. To put it simply, the handling charge is split into two parts, one is the tip for miners, the other is the basic charge, and this section of the simple fee will be destroyed.
This allows every use in the Ethereum ecosystem to bring scarcity value to the ecosystem, not all transactions between users and miners.
Click to read: Backed by DeFi, Ethereum strikes back
03
Apparent stream YFI in mining
Gleam clear flow when mining is in the miasma. This is YFI (YFI is the governance token of the mortgage aggregation process yearn.finance). Let's appear at its performance initial:
Before YFI mining, its locked assets were 8 million U.S. dollars, and liquidity mining locked assets in less than a week was near 400 million U.S. dollars.

The key reason why YFI is well received is that its incentive system has a geek spirit.
The founder Andre Cronje neither reserved YFI tokens for himself, didn't pre-mine, and didn't participate in investors, so many people believe YFI is the Bitcoin in DeFi.
As a governance token, YFI means that YFI is fully governed by the community, that is, the near future development of YFI is in fact determined by the coin-operated customers of the city. It can be comprehended that decentralization is doing very well.
However, it is hard to say whether decentralization is a good thing at the start of the project. Of course, for a person with a geek spirit, it really is difficult for you never to decentralize him.
Click to read: YFI: BTC in DeFi?
04
AMPL, a stable currency, is a bit unstable, and your wallet balance is changing anytime
The AMPL protocol can automatically adjust the quantity of AMPL tokens in every user wallets.
When the selling price of AMPL is greater than a certain threshold of the mark price, the token balance within the wallet will also immediately increase, that is equivalent to issuing additional issuance to all wallets proportionally; when the market price of AMPL is lower than a certain threshold of the target price, the tokens in the wallet The balance will undoubtedly be reduced proportionally.
Note that the adjustment won't dilute your tokens, because a theory it maintains would be to increase and reduction in exactly the same proportion, that's, increase the amount of households together, and decrease the amount of people together.
That is, no matter the way you change, a very important factor remains exactly the same, that is, the proportion of coins you possess will not change.
So what is the primary logic of AMPL increase and lower?
Simple and crude is the relationship between market source and need. If the market demand is solid, it'll be released uniformly, otherwise, it will be destroyed.
Review the three major academic institutions of stablecoins:
One class is stable currency anchored to USD, such as USDC, USDT, and USD 1:1 redemption; the second category is stable currency generated predicated on over-collateralization of encrypted property, such as for example Dai; and the last heterogeneous classification is completely encrypted indigenous decentralization Stable currency.
What AMPL tries to accomplish is not to rely on the binding with the united states dollar, nor to over-collateralize, to realize a stable currency in line with the market supply and demand mechanism.
Can it succeed?
Click to learn: AMPL: Alternative Scarcity
05
Ren Protocol: Operate cross-chain assets BTC, BCH, ZEC on Ethereum Dapp
Imagine that you don't have to keep the Ethereum ecosystem. It is possible to operate BTC, BCH, ZEC with the help of the cross-chain features provided by Ren Process by working Dapp on Ethereum. Isn't it cool?
If the previous DeFi ecosystem on Ethereum is composable, then Ren Protocol's goal is the composability of cross-chain DeFi.
Example of code to send BTC to Ethereum address:
const GatewayJS = require("@renproject/gateway"); new GatewayJS("testnet").open( // Provide Web3 provider web3Provider: await GatewayJS.utils.useBrowserWeb3(), // Send BTC to an Ethereum address sendToken: GatewayJS.Tokens.BTC.Btc2Eth, // The recipient Ethereum address sendTo: "0xD5B5b26521665Cb37623DCA0E49c553b41dbF076", ); 06
Can BSN, referred to as the national group, revitalize the alliance chain?
BSN, the full name: Blockchain-based Program Network, is really a blockchain provider network jointly initiated simply by 6 units like the National Information Center, China Mobile Communications Group Co., Ltd., China UnionPay Co., Ltd., and Beijing Red Date Technology Co., Ltd.
The decentralization and bottom-up concept that has been advocated by the blockchain field will not exist here; BSN is really a top-down top-down style concept led by the national team. Did it succeed?
The existing news is that it's connected to 6 public chains. BSN appears more like a dapp deployment platform, but these dapps can support even more underlying blockchains. We reckon that maybe BSN can provide a relatively common blockchain api .
At present, the positioning of BSN is basically a BaaS service. The advantage is certainly that the deployment space provided by Alibaba Cloud will be cheaper (why is cheaper is unknown); another benefit will be that the public chain and the alliance chain can be linked, in a sense Another "cross-chain".
For earn bitcoin playing games , in the eye of practitioners in the blockchain field, the mentality could be complicated, envy, and doubtful, and much more hopeful that they can fall to pieces when confronted with reality, idealists in the blockchain field or Geeks think that the blockchain can only be played by geeks, and the more top-level design is, the less reliable it is.
How exactly, let us wait and see.
Read: Can BSN revitalize the alliance chain?
07
Ali dispatched: offer myself platinum as something special, and obtain on the ant chain
A recent video has truly gone viral. If you haven't viewed it, it's okay. To put it simply, Shi Yuzhu's advertising method was changed from "Provide me something special to melatonin" to "On the chain, go to the Antchain".
This video directly provokes: "Young friends have you any idea that the sunrise will be surpassed by the sunset!"
Meaning, the geeks rushed earlier, but just Ali is qualified to harvest.
We don't doubt the effectiveness of Ali, specifically the patented blockchain technologies that is referred to as the world's leading.
Of course, in the geek circle, the term patent is almost a concept that people are embarrassed to mention, and it appears to have a sense of pride in the original industry.
Does the blockchain business need patents? I hope that they will not turn into a stumbling block that hinders the advancement of the industry. If so, we still wish he will die early; of course, it really is understandable if it is out of strategic defense.
Antchain program scenarios:
B Station Movie: Magical Brainwashing Divine Comedy-Why not know AntChain
08
Visa offers made efforts for connecting with 25 wallets and keep the platform independent
With an increase of than 25 wallets already linked to Visa, the payment giant has outlined a compendium that is not tied to any specific token or platform.
The global financial services giant Visa is no stranger to the cryptocurrency world and has worked with regulated platforms and wallets such as Coinbase and Fold. However, the company made it clear today that encryption and blockchain will become an increasingly large section of its future.
In a blog post entitled "Advancing Our Attitudes Towards Digital Currency", Visa today outlined a few of the ways it has performed in the crypto field, and remarked that out of more than 25 companies up to now, these companies have already integrated their wallet items Associated with Visa. This work bridges the gap between cryptocurrency and Visa's 61 million merchants worldwide.
Visa also known as for final year's investment in Anchorage, an electronic currency infrastructure protection startup, and the work of Visa's own internal research team, which includes been involved with blockchain work with many years.
Visa may also continue to assist educate policy manufacturers and businesses to understand the benefits of cryptocurrency and blockchain technologies, and contains cooperated with the World Economic Discussion board on Central Bank Digital Currency (CBDC) policy suggestions.
Reading: Visa lays out there platform-agnostic approach to crypto, blockchain
09
Oracle announces that its system helps decentralized blockchain technology
Oracle announced an update to its blockchain system cloud services, including the make use of of its own cloud infrastructure and adjustments to charging strategies.
"With this version, Oracle provides pushed the Oracle blockchain platform to a new degree, namely dynamic scalability, high availability, and fast deployment, suitable for enterprise blockchain applications operating on Oracle cloud infrastructure," Oracle Team Said Frank Xiong, Vice President of Blockchain Product Development.
In accordance with Oracle, clients are "increasingly" relocating blockchain applications in to production, and the company is required to increase the capability of its terminals to handle the increased transaction volume.
"This new edition responds to their needs, with higher elasticity and higher availability, dynamic growth and growth to handle increasing workloads, more powerful access control to share confidential info, excellent cost efficiency, blockchain The alliance's greater decentralization capabilities and more powerful auditability when the wealthy historical database functions are employed with Oracle database blockchain tables,�� the business wrote within an article.
Reading through: Oracle shakes up blockchain cloud service pricing and backup
END
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