Regardless of the next outcome of DeFi, the infinite game of scientists will continue.
Title of the original text: “DeFi makes the tide, the scientist’s bull market”
Written by: Bonnie
“The era of big money circles has passed, and now they are popularly called scientists .” An investor said.
The popularity of DeFi, in addition to attracting tens of billions of funds, has also created a new profession: scientist.
This profession is not as respected as a scientist in the traditional sense. They are unpredictable. Some admire them for returning home full of loads, while others spurn them to destroy the DeFi ecosystem.
It is a word coined in the Chinese currency circle. In foreign countries, it is common to refer to these people as Hacker, who are highly skilled computer experts.
DeFi, the world of decentralized finance, claims that everyone can participate fairly, but the threshold of knowledge and the scale of funds are dividing this utopian world.
They are at the top of the DeFi trend. Technology is their gold nugget weapon. They compete with their brains, seize the opportunity, and unearth batches of gold mines.
What is a scientist?
“DeFi has caused the three major institutions to be too anxious, and they are all in chaos,” said an exchange practitioner. In the past month, the three major businesses have been busy listing dozens of DeFi tokens.
DeFi is known as the biggest variable in the blockchain world in 2020. Under the impact of wave after wave of DeFi boom, the pattern of the currency circle has quietly changed.
There has been a debate between the new and old leeks in the Chinese currency circle, and the old leeks are far behind by the new leeks; there is also a statement that CEX will be replaced by DEX-on August 30, Uniswap 24-hour trading volume exceeded Coinbase Pro for the first time.
Before the DeFi boom, the logic of the classical currency circle was that the exchange stood at the top of the pyramid. Exchanges cut Token Fund, Token Fund cuts project parties, and project parties and exchanges cut leek.
Under the popularity of DeFi, everything becomes different.
“The project party cuts private equity, private equity cuts public equity, public equity cuts Uniswap leek, Uniswap leek cuts tiger charm, matcha leek, tiger charm, and leek cut the three old leeks. This is the current currency circle.” said an investor.
The DeFi project party does not need to have currency fees, no capital platform, or even private equity, just like a tightly sealed wall.
And who can harvest the project side?
A group of people called scientists have surfaced.
Scientists in the currency circle are not traditionally admired scientists. This is a group of professions that have emerged due to the DeFi boom. People have several explanations for them.
One argument is that scientists refer to people who use DeFi applications for speculation and arbitrage to obtain huge profits through various advances under various rules.
Another way of saying: People who specialize in Dapp and DeFi wool. (Bitcoin blogger “Super Bitcoin”)
There is also a saying that those programmers who accidentally enter the currency circle through technical means to reduce dimensionality and obtain extra money. (The Hot Wheels Community)
However, the term “scientist” does not seem to exist in the foreign currency circle. The more common term is Hacker, which shows that “scientist” originated from the Chinese currency circle.
Everyone has no consensus on the definition of a scientist, but the undeniable commonality is that this is a group of people who rely on technical prowess to gather DeFi wool.
They act low-key, but they are hard to be ignored. People have mixed praises and criticisms about them. Some people think that they are exploiters who take advantage of loopholes. Others think they rely on their ability to feed themselves. What’s more, I want to be a scientist and the unimpeded king of the DeFi world.
“The height of cognition determines the level of harvest. In this bull market, scientists are the most profitable . No cost, no risk. Learning a programming language is really important. I wonder if it is too late to learn python?” Expressed enviously.
Scientist’s Bull Market
“This wave is a bull market for scientists.” An investor said in the Deep Wave TechFlow community.
“Scientists have always been a bull market.” The founder of DeFi Labs replied below.
DeFi applications are constructed by smart contract codes on the chain, and ordinary users need to have a certain understanding of the attributes and specificity of smart contracts during the process of participation.
However, ordinary users frequently fail during the DeFi process. On the third day of the operation of DeFi protocol SushiSwap, a user mistakenly transferred 400,000 USDT because he did not understand the DeFi gameplay. The user was suspected to be the big V of the classical currency circle “The King of Blockchain”.
Take YAM as an example. When the second YAM pool was first opened, a BUG appeared on the landing page. The vast majority of miners were blocked. Only a few “scientists” proficient in code grabbed the top spot.
Generally speaking, scientists have 3 ways of operation:
- When Uniswap and other DEXs list new coins or when new DeFi projects start public offerings, they enter the test network to “grab the first block”, collect new coins at low cost, and after the official launch, sell them to retail investors at high prices.
- Aave Lightning Loan, which requires some programming skills, is mainly for developers and does not require asset mortgage. In February of this year, some scientists used the DeFi loan agreement bZx to obtain hundreds of thousands of book income in a single transaction.
- Entering a project team is equivalent to finding “organization”. For example, YFII is said to have more than 70 scientists, including contract development, front-end development and strategy development.
In the DeFi world, there is no definition of legal rules, and there is no constraint of moral order. “The money is on the gambling table, and if you have the ability to get it yourself,” a scientist told Shenchao TechFlow.
Scientists can destroy or “kill” a project. On July 20, EOS released the first liquid mining project DeFis Network (DFS), which attracted a large number of “scientists”.
These scientists created air currency trading pairs for one-way mining, and DFS can be mined only at the expense of handling fees, which is equivalent to no-cost mining. After the DFS went live, scientists sold DFS regardless of cost, causing the price of the currency to plummet by 97%.
Later, the project team adjusted the rules for the loopholes, but DeFis has become a wool machine for scientists and had to announce a tentative transaction mining. Due to the problem of setting the rules and mechanisms, DFS was dying within 3 days.
The flexible blockchain network SKALE (SKL) originally launched a public offering at 12:00 PM Eastern Time on August 17th, but due to the huge traffic on the website, it had to be postponed.
“Skale was destroyed by scientists. “An investor explained why.
“Killing” these projects does not constitute a psychological burden for scientists. The loopholes in the rules are their gold rush.
“Isn’t it right to stare at Discord’s Twitter in the middle of the night just to dig a head mine? Isn’t it reasonable to allow investors who don’t look at the currency circle information to gain income?” A YFI scientist said,
A reader told Deep Wave TechFlow that a scientist he had heard of had spent 80 million yuan on YFI . Such stories of scientists getting rich are everywhere in the current DeFi circle.
Scientists are gazing at the DeFi world, but they have also had the experience of blundering.
On the evening of August 20th, many scientists were stunned by the “AMPL Imitation Disk” DZI on JustSwap.
Since the DZI team did not inject liquidity in the test, the TRX of the scientists rushed into the trading pair, and the price of DZI was quickly increased by hundreds of millions of times. Some scientists used 320,000 TRX for 0.0004 DZI. The initial price of DZI was originally $1. The coins equivalent to scientists dropped tens of thousands of times when they went online.
“This may be the only project where scientists lose money.” Someone mocked in the community.
Scientist, the trend of the times
Scientists in DeFi can be compared to the technological wool party of the Internet.
In the mobile Internet subsidy battle, the professional wool party came into being. A mobile phone number can only be registered once to enjoy one discount, and these professional wool parties have opened up an industry chain of raising cards, registering accounts, receiving SMS verification codes, and stalking wool.
In December 2018, Starbucks launched the “App Registration Newcomer Ceremony” event. The Wool Party registered a fake account and received event coupons, which led to Starbucks’s emergency shutdown of the event. It is reported that in just one and a half days, Starbucks lost tens of millions of yuan.
In 2018, when the IC0 project was popular, major project parties used airdrop candies to attract users, which also became a stage for the wool party to ramp up. There are rumors that some people used 400 mailboxes to airdrop ONT and earned hundreds of thousands of coins.
After the mobile Internet subsidy war and IC0 died down, DeFi, which is now in full swing, is naturally indispensable.
In June of this year, the “liquidity mining” launched by Compound is equivalent to sending subsidies to those who provide liquidity, similar to the subsidy strategy of Internet companies. The next wave of “liquid mining” attracted tens of billions of funds to enter the market. Recently, the total amount of Ethereum DeFi locked up exceeded 11 billion US dollars.
In this wave of DeFi, most of the money is made by scientists and large households, and technology and capital are their thresholds. Not only do retail investors find it difficult to share a piece of the pie, they are often ridiculed as “stubborn old leeks” because they don’t know the technology to lose money or lose money.
The blogger “Super Bitcoin” in the currency circle said: What new leeks are really making money in this wave of DeFi craze are old leeks, whether it is a scientist who is fast turning the wealth code on the cutting-edge, or a capitalist who is smashing.
First-class scientists create rules , such as YFI founder Andre Cronje, YFII initiator Gao Jin, leading the DeFi wave; second-rate scientists use rules to “dig, sell, and withdraw” from farms, laughing to see CEX users “taking over”… No matter what DeFi is after Continue to flourish or short-lived, they will all be winners.
James Cass wrote in “Finite and Infinite Games”: There are only two types of “games” in the world, “limited games” and “infinite games”. The purpose of a finite game is to win; an infinite game is to make the game go on forever.
There is no doubt that regardless of the next outcome of DeFi, the infinite game of scientists will continue. Scientists stand at the forefront of the times and witness the success or failure of the industry.
Source link: mp.weixin.qq.com
