Hello, everyone, I’m Peipei. Maybe all the bloggers today would like to ask: You can buy the dip on Christmas Eve. Judging from the current rebound, most alts are in 24 hours. There is a profit of 10-20 points inside.
It’s okay if you don’t get the Christmas discount. There is a chance that, like today’s 1inch airdrop, many netizens have gotten a small 10,000 yuan. For those who are interested, I am afraid that this year’s uni/lon/1inchi airdrops can be accepted There are six figures, so everything is possible, and the most important thing is not to give up when you panic the most.
Like in the last issue, when we read Ripple’s prosecution, we also mentioned that other alts were a little bit of a gun. Personally, I don’t think too much to think about it. After all, one is that more than 80% of the targets have not yet reached the acceptance. The degree of SEC’s attention is that the second is that there has never been a standard for encryption regulation and whether it is a utility token or a security token. This may take a long time. In fact, the legal progress is very slow.
And we really have a compliant token STX (Blockstack), which has passed the SEC review, but what can I do? I don’t think anyone mentioned it this time, and it’s still correct [haha].
However, from Ripple’s incident, I also saw a few points:
1. Ripple previously sold xrp to a certain company at a discounted price. It seems that it sold 500 million coins or how much. There are many similar methods, but for us, it is until these are publicly known that the good data may be behind Natural growth, but there may also be special operations. Don’t just look at good concepts or high prices. You need to pay attention to the risks that may be caused by information asymmetry.
2. Although the defi coin has rebounded to varying degrees, such as aave and hovering around $80, the defi market still suffered some internal injuries this time-it has been liquidated a lot. The number of wbtc that we have paid attention to before The sky has been reduced by several thousand more:
The big guys are busy removing leverage. Based on this, I have a feeling that the short-term defi market is still biased towards shocks.
Regardless of whether it’s about our Amber or the company that everyone knows about Dad’s company, we can see that no matter what country is very sensitive to finance, the whole market will feel more and more financialized in 2020, and there is indeed potential here. And imaginary space, but defi may still have a ceiling in the long run.
Well, the above is a supplement to the previous content. In 2020, we have been defi long and defi short, but recently Pepe discovered that this year there is a growth area that is almost ignored by the domestic media, and that is-cefi, I don’t know if it is from Subjectively, I put the hat against defi early in the morning.
Of course, the cefi we are talking about below, which is the centralized lending platform, does not refer to the exchange, and the exchange is also considered, but our scope division this time is pure platform, only leveraged lending, just like compound, but The funds behind are managed by entities, not smart contracts.
Recently, there is a project called Celsius Network that has been going up, and the token is CEL.
Look at its performance in the past year by up to 32 times. The ranking is ranked 21st when counting the market value of the token like wbtc. It is close to ojbk, is it a bit exaggerated.
The main feature of Celsius Network is that it added a token economic model to its borrowing interest rate in June this year. For example, users can choose two types of interest when depositing btc. One is the normal interest rate sharing for borrowing, and the other is in the form of CEL tokens. Issue:
The above picture is his family’s current deposit interest rate. The green one is the annualized conversion based on CEL, which is basically 1-4 points higher than the normal interest rate (the stable currency base interest rate at 10 points is considered high in the industry) Gains).
In addition, if you mortgage your CEL interest to the network, you can get a certain percentage of loan interest rate gains or discounts, as shown below:
For example, if Xiao Wang receives 100 CEL in interest, if the mortgage is less than 5, the platform will not enjoy the deposit discount, but the loan can enjoy a 5% discount on the original basis, and so on.
Based on this model, first, if more users choose to use CEL to obtain or pay interest, it means that the platform regularly needs to lock a part of the CEL according to the interest value or take the loan interest they obtained to the market to buy back the CEL.
The official gave an address:
0x3Be6D80fdCE385358F5762998882EFC282df7b9a
Seeing that some coins will come in every half month or a month in recent months, the current position of this address is 45.25 million, valued at 170 million US dollars (total 690 million, circulation 350 million).
On the other hand, mortgages can get more income or discounts. According to the official website data, 140 million are currently locked.
It seems that a large number of lock-ups + growth on the demand side have promoted the growth of currency prices. The official growth index shows that there are more than 80,000 active users:
However, there is also a lack of liquidity. It may also be due to interest. Such projects are not able to be listed on the big stocks. Now half of the transaction volume is concentrated on Uni, which is deeply moving.
I also checked the entire network, at least domestically, and there are almost no bloggers talking about it.
Today here is a brief summary of some of the projects I have seen, but it’s not a slogan, it’s very fragrant to see the skyrocketing, but the risks behind it are still great. One is that I traced back the repurchases listed by them. The address, the transferred currency and the official currency are mixed, it is impossible to know if there is really any repurchase and destruction, and there are many officially controlled coins.
The other is that the model is also a bit “discriminatory”. Before this year, there was a similar project called CRO. I don’t know if anyone remembers it. It was also this kind of platform currency. It almost rushed into the top ten at that time. Go down to 70%, so the opportunity and risk are at the same time.
The reason why I chose this target today, I want to say a few points:
1. In addition to CEL, CRO, and NEXO, they all belong to this type of centralized lending. With the development of Amber’s financialization, they also benefit from it. Naturally, the price performance is also good. In fact, some of the reasons for the high annual It is also that these funds have entered defi arbitrage, which is a bit like YFI, so from a certain perspective, there is some positive correlation logic to understand them.
Centralization has problems such as asset risk and opaque data, but it may be easier to “market” in terms of advantages. I don’t know where there is a large group of users in this world.
2. Amber is very big and there are many opportunities. A lot of excess income is actually not in the mouths of mainstream media or big V, especially in the country, which is still too restricted. So if you want to feel the joy of alt, you may still need to explore it yourself. .
From the above point of view, the emergence of uniswap has played a vital role in the growth and circulation of many new currencies overseas. Therefore, in 2021, if you want to blog this potential income, you may have to look at the goods on uniswap, of course. We will gradually accumulate and introduce some such projects, but the only pity is that Uni’s own token model is not directly tied to these values.
ps I have a bit of a cold in the past two days, dizzy, and may slow down a bit in the update, forgive me.
