Considering multiple factors, we can identify the following potential tokens:
Maker (MKR, upgraded to SKY), Uniswap (UNI), and DYDX (although ranked 113th by market cap, the difference is not significant). These tokens are also investment projects of Polychain, listed assets of CowSwap, and ranked in the top hundred by market cap on Coingecko.
Analysis from the perspective of position layout:
WLFI is more inclined to invest in tokens it has cooperative relationships with, such as AAVE, m3, LINK, etc. These tokens have clear business models and stable real returns. For example, AAVE, LINK, ENA, ONDO, etc., all have clear product positioning, a large ecosystem of users, and actual revenue models, indicating that WLFI does not blindly pursue novelty or purely conceptual tokens.
Specific token analysis:
LDO: Due to WLFI's holdings in ETH being far higher than in BTC, it shows optimism for Ethereum's long-term potential. With the maturity of Ethereum’s staking mechanism and the potential introduction of ETF-linked Ethereum staking rates, LIDO, as the largest liquid staking protocol in the Ethereum ecosystem (with a TVL of $37 billion, accounting for 30% of the Ethereum staking market), becomes the current top choice.
Pendle: Focused on the yield splitting market, allowing users to trade future yield rights. With the rise in Ethereum staking rates and protocols like USDe, the demand for yield trading has increased, and Pendle has gained significant market attention, with a TVL exceeding $5 billion, and has established partnerships with several mainstream DeFi protocols.
UNI: As the leader in the DeFi sector, despite the recent lukewarm response to the newly launched Unichain market, users still have a high dependence on its products.
Other considerations:
If we also consider projects with high brand value but not included in the Polychain investment portfolio, we can add Lido, Pendle, Eigen, and Curve. These projects have certain 'American attributes' and are also likely to collaborate. Additionally, tokens like 1inch and Morpho with slightly lower market caps also have a smaller chance.
WLFI's investment strategy and future outlook:
WLFI's investment strategy has a certain strategic nature, showing strong capital management capabilities. In the future, its acquisition targets may continue to focus on high-quality DeFi assets within the top hundred by market cap, and this major correction may present the best buying opportunity.
Analysis of low market cap tokens:
Tokens like ORDI, which have low market caps, have liquidation volumes that are always close to those of high market cap tokens, indicating that many are bullish on ORDI, leading to 'heavy vehicles.' This is similar to the situation with ETH a month ago; despite a strong bullish sentiment, the upward movement may be challenging. In contrast, new tokens that have emerged in the last six months and older tokens from three years ago may be 'light vehicles' with fewer bullish supporters, making them potentially easier to rise.
