DeFi has entered a calm autumn from the frenetic summer, but the competition between DeFi agreements is still fierce. In addition to the hot players competing in the arena, new competitors are also constantly influx. DEX leader Uniswap was once overtaken by the forked project SushiSwap, and similar situations vary.
So, how does the DeFi agreement construct a moat? How to capture value? This issue of Chain News reviews and thinks about the source and capture method of DeFi value. This article should be collected, because the chain news will be constantly updated. 😊
💡More chain news selections can be viewed here .
Roundup: How DeFi Protocols Capture Value
” Revisiting the moat of the DeFi agreement when DeFi is cold: How do they create and capture value? 》
Is the open source DeFi protocol really defenseless? How to capture value?
” Interpreting the Ethereum DeFi Value Chain: Who Can Capture Value? 》
Although COMP, BAL, and CRV are hot, LEND, BNT, and REN may promote a chemical change from pure governance to value capture.
” Multicoin: A Brief Analysis of the Moat of the Head Ethereum DeFi Protocol “
Kyle Samani, managing partner of Multicoin Capital, analyzed the conditions required for the fork of mainstream DeFi protocols such as MakerDAO, Compound, and Synthetix.
” An article on DeFi’s product realization, value capture and transformative significance “
To cheer for DeFi, we can reimagine money and reinvent finance.
“A brief description of the value capture of DeFi governance tokens in the governance game “
The value of DeFi governance tokens not only comes from transaction costs, but also from its governance game.
” Replaying the DeFi liquidity mining boom: DEX has no moat “
The subsequent development of DEX should focus on how to find a balance between composability and the moat.
Dismantling: Popular DeFi protocol value captures core competitiveness
DeFi aggregator
” What are the advantages of the fast DeFi transaction aggregator? How to capture value? 》
In the long run, DeFi transaction aggregators need to establish private liquidity to consolidate their advantages.
“The trend of DeFi aggregation is clear, but what capabilities should an aggregator that really capture value have? 》
YFI mania is only the tip of the iceberg, and the era of DeFi aggregators has just begun.
Uniswp
“When the DeFi market is cold, can UNI capture the value of the Uniswap agreement? 》
The fundamentals of Uniswap are still far ahead in the DEX field, and the value of UNI’s capture fees is only a matter of time.
” Compared to exchange platform currency, UNI can capture value better? 》
From the perspective of value capture, compared with the governance token of DEX, the platform currency of centralized exchanges is built on sound financial logic, and has practical uses such as “deduction of handling fees” and “participation in IEO”, which have greater Imagination space.
YFI
” Understanding YFI Core Aspects: Fair Distribution, Governance and Value Capture “
Yearn.finance transfers control of the entire agreement to YFI holders, and establishes a passionate community member group through fair distribution and governance.
Curve
” Half-month lock-up assets have increased by 6 times, how can Curve governance tokens capture value? 》
CRV holders can decide on Curve’s future fee capture, locking mechanism, destruction mechanism, etc. This means that the total amount of CRV may be deflationary in the future.
Nexus Mutual
” DeFi Insurance Platform Nexus Mutual Business Model and Value Capture “
Nexus Mutual has a first-mover advantage in the DeFi insurance circuit, but the underwriting fund pool is not an unbreakable moat.
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