Weekend Recommended Reading | A Comprehensive Analysis of the Current Status and Outlook of DeFi Liquidity; An Overview of All-Star Projects in ZK Solutions
Highlights of this week's articles in the cryptocurrency industry.Organizer: Hu Tao, Chain Catcher
1. “iZUMi Research Comprehensive Report: The Current State and Future Outlook of DeFi Liquidity”
The revolution of on-chain trading systems has brought users a lower, or even nearly zero, barrier to entry, which in the microeconomic market mechanism means more sufficient competition and more efficient market efficiency. In the blockchain market, this means an explosion of liquidity.
To address the two issues of how to enhance the capital efficiency of on-chain liquidity and how to better guide and manage liquidity, various innovative DeFi projects have emerged.
2. “Will DAI Be Killed? Understanding the Battle Between 3 Pool and 4 Pool”
The success of DAI in maintaining its peg is attributed to the deployment of the 3 pool on Curve Finance and PSM, rather than support from alternative cryptocurrencies like ETH and WBTC. The recently launched 4 pool essentially serves as a vampire attack medium on the 3 pool, which could lead to negative cascading effects, significantly impacting the strength of DAI's peg.
3. “Slow Mist: A Self-Rescue Manual for the Blockchain Dark Forest (Full Version)”
With the increasing number of blockchain security incidents, Slow Mist founder Yu Xian introduces detailed risks and countermeasures in this article, with the core principles being zero trust and continuous verification. In simple terms, it means to remain skeptical, and to always maintain that skepticism; if you choose to believe, you must have the ability to verify your doubts and make that ability a habit.
Anatoly Yakovenko, co-founder and CEO of Solana Labs, stated in an interview with Fortune magazine in Miami that he hopes the blockchain will become a "useful" blockchain, serving as an "execution layer" to support projects seeking scalable and cost-effective technology, enticing more people to integrate blockchain into their daily lives. The article also provides a detailed description of Solana's early development and the issues it currently faces.
5. “Three Frontier Topics of Web3 in 2022: NFT, Metaverse, and DAO”
New innovations have emerged like a spring. The debates around NFTs and the "metaverse" have not only become major topics in the industry but have also permeated people's casual conversations. Various thoughts on DAOs have made headlines in The New York Times and Time Magazine, evoking both skepticism and curiosity. As a venture capital firm, it is clear that these new phenomena will form the foundation for the next stage of building Web3. But how will it develop specifically?
6. “Messari: Detailed Explanation of THORChain's Product Architecture, Development Status, and Roadmap”
THORChain's TVL has reached a historic high of $1 billion, supporting seven mainstream blockchains, and has become one of the most watched projects recently with concepts like Synths and THORFi. This article provides a detailed introduction and analysis of THORChain's product structure and recent developments.
If we compare the current market situation with the golden age of crypto mining from 2012 to 2014, we find that capital is flooding into the crypto space. We predict that in the coming years, both the network hash rate and financial failures in Bitcoin mining will significantly increase. Additionally, we anticipate that those mining companies and products that are more conservative in capital deployment and focus on long cycles may emerge victorious throughout the cycle.
8. “Decentralized Social Media: The Next Big Thing in the Crypto Space?”
NFTs and the metaverse are currently the hottest topics in the Crypto ecosystem, but the next big thing might just be decentralized social media. Like DeFi, decentralized social media platforms do not have a centralized governing body, and perhaps one day, they will provide viable alternatives to existing platforms like Twitter, Instagram, Facebook, and TikTok. This technology is currently in its nascent stage of development.
9. “LD Capital: A Comprehensive Overview of ZK Solutions and Star Projects”
Privacy has always been regarded as one of the most valuable features in the cryptocurrency community, as most crypto asset holders do not wish for their assets and transaction records to be fully public. Among the various cryptographic technologies that provide privacy, Zero-Knowledge Proof technology is one of the most important. This article does not delve into professional cryptographic knowledge but rather provides a theoretical expression of Zero-Knowledge Proofs to help readers roughly reconstruct the overall picture of Zero-Knowledge Proof systems and their current development status.
10. “Hasu in Conversation with Suzhu: How Do Global Macro Markets Affect the Crypto Industry?”
In this episode of the podcast, Hasu, the strategic lead at Flashbots, discusses the development trends of the crypto industry with Suzhu, the founder of Three Arrows Capital, from the perspectives of macroeconomic development, the decline of nation-states, and the rise of sovereign individuals.
