Weekly Recommendations | The liquidity crisis triggered by the Silicon Valley Bank collapse; What projects have "hardcore" women created in Web3?
HashKey Capital's 5 Key Technology Trends to Watch in 2023; Who Will Capture the Holy Grail of Decentralized Stablecoins?整理：饼干，ChainCatcher
Following the announcement of liquidation by crypto-friendly bank Silvergate Bank, on March 10, Silicon Valley Bank (SVB) was shut down by regulators, leaving users with an uncertain timeline for withdrawing their assets held on the platform. The impact brought by Silicon Valley Bank has spread to the crypto market, with the most affected being the issuer of the US dollar stablecoin USDC, Circle, which has $3.3 billion in reserves at Silicon Valley Bank. The price of USDC de-pegged due to panic, dropping to a low of $0.86.
2. “Hardcore Women in Web3: What Projects Have They Created?”
According to authoritative reports, only 13% of founding teams in Web3 are women, and only 7% of founders are female. Web3 companies founded by men have raised nearly four times the funding compared to those founded by women. We can't help but ask, is there really a lack of dazzling female entrepreneurs and powerful female leaders in the Web3 space? On this special day, ChainCatcher, in collaboration with data platform RootData, has highlighted numerous female project entrepreneurs through a compilation of [Web3 Projects Founded by Women], hoping to showcase the shining women in the Web3 field to more people.
3. “HashKey Capital Research Report: 5 Tech Hotspots to Watch in 2023”
HashKey Capital's research team has released the latest report on "Five Tech Hotspots to Watch in 2023," which includes: 1. Major upgrades to Ethereum (Shanghai, Cancun); 2. Technologies, products, and services related to staking; 3. Improvements in modular blockchains and the development of specific application rollups, such as L3s; 4. Other non-scaling applications of ZK, such as ZK Bridges; 5. Iterations of AA+MPC and the Lightning Network, providing other technologies for end users.
4. “Delphi Digital: GameFi Will Undergo a 'Major Restructuring' in 2023”
This article summarizes the Delphi Digital and Naavik Gamefi 2023 report, reflecting on the challenges faced by the Gamefi industry, the progress made, and future trends.
In the first quarter of 2022, investments peaked at over $3.7 billion, with 50% of cryptocurrency investments related to gaming. Since the beginning of this year, the average value of the top 10 gaming tokens has dropped by 97%, partly due to a decline in retail investor interest. This is mainly because the F2P model cannot sustain a viable economy, leading to a loss of active player base.
The reason Curve can continue to operate its liquidity procurement and distribution business lies in the fact that it is not merely a liquidity middleman; rather, it effectively utilizes the liquidity procured through its trading module, with strong synergy between the trading and liquidity market businesses.
Binance is primarily operated from headquarters in China and Japan, but one-fifth of its customers are located in the United States. U.S. authorities have signaled an impending crackdown on these unregulated offshore cryptocurrency players. In a private chat in 2019, a Binance executive warned colleagues that any lawsuit from U.S. regulators would have a "nuclear waste" effect on Binance's business and employees.
7. “EthDenver's Latest Talk 'The Limits of L2' Sparks Heated Debate, What Are People Arguing About?”
Gnosis co-founder Martin Köppelmann delivered a talk titled "The Limits of L2" at EthDenver, discussing various limitations of L2 and an alternative scaling solution based on zkBridge. Martin Köppelmann's views quickly sparked widespread discussion on Twitter, with many questioning his points. In summary, nearly every core argument presented by Martin Köppelmann was met with rebuttals.
8. “New Phenomena and Trends Seen Through the Eyes of ETHDenver Attendees”
After attending ETHDenver, teacher Will expressed his thoughts. As a seasoned collector and organizer of crypto information, diligent Will once again rolled up his sleeves, interviewing 75 attendees during the event to capture fresh impressions from Denver. This article compiles Will's interviews, summarizing the content to take us back to the vibrant atmosphere of Denver.
Impermanent loss is one of the unavoidable risks for DeFi liquidity providers. According to Dune data, decentralized exchanges (DEX) have surpassed $50 billion in trading volume each month, making the management of impermanent loss a significant challenge for AMM protocols. Currently, there are several DeFi projects aimed at reducing or minimizing impermanent loss. This article analyzes the feasibility and robustness of protocols such as Clipper Finance, Tarot Finance, Tsunami Finance, Deltadex, Vader protocol, Krypton exchange, Platypus Finance, and Shieldex.
U.S. small and medium-sized banks are facing a series of crises! On March 8, the crypto-friendly bank Silvergate Bank announced its liquidation and will return all deposits to customers. On March 10, Silicon Valley Bank faced a liquidity crisis, with its stock price plummeting over 60% on Thursday, resulting in a market value loss of $9.4 billion in a single day.
Silicon Valley Bank may be the first domino to fall in this crisis, affecting not only other U.S. banks but also potentially impacting tech startups in Silicon Valley. What exactly happened? This article tells the story of how a bank goes bankrupt.
11. “Value Accumulation Case Study: How Does Yuga Labs Build a Massive Business Empire?”
Value accumulation structures are a challenging topic in the Web3 world. Each set of NFTs or tokens issued by a project becomes a liability in the project's Web3 capital structure. To ensure that all stakeholders remain aligned and collaborate effectively, projects need a well-designed value accumulation structure. This article explores how the value generated within the Yuga ecosystem is distributed among different stakeholders (Yuga Labs, $APE, BAYC, MAYC, etc.).
12. “The Decentralized Stablecoin War: Who Will Seize the Holy Grail of Cryptocurrency?”
In an era where centralized regulatory threats loom, decentralization is an important attribute of stablecoins. The vast majority of stablecoins are equivalent to commercial paper, exercising the lending functions of mainstream stablecoins through trading pair exchanges. A stablecoin mechanism must create its own demand scenarios, not just serve as a general equivalent (which is difficult for small-scale stablecoins), but also consider some unique economic activities (settlement, high-yield bonds). Currently, decentralized stablecoins are almost a barren land. This sector has underlying demand and faces potential development opportunities in the future.
13. “RAI: The 'Ideal Type' of Decentralized Stablecoin in Vitalik's Eyes”
With the U.S. Securities and Exchange Commission (SEC) filing securities charges against BUSD, and Binance launching the decentralized stablecoin protocol Liquity's governance token LQTY, decentralized stablecoins have once again become a market hotspot. This article focuses on the highly decentralized stablecoin project Reflexer Finance, which issues the "stablecoin" RAI that does not rely on any centralized currency, not even the Federal Reserve.
14. “Babylon: Bringing Bitcoin's Security to Blockchains in the Cosmos Ecosystem”
Today, Babylon launched its testnet, having completed an $8 million funding round led by IDG and Breyer Capital last year. Previously undisclosed is that EigenLayer founder Sreeram Kannan also supported the project, and Zaki Manian, co-founder of Sommelier Protocol, serves as an advisor. Additionally, it seems to have garnered attention from Cosmos's Osmosis. Why has Babylon received such widespread support? This article provides a brief analysis of Babylon.
