1. I don’t read VC research reports anymore, there is nothing to learn, defi is still talking about things from three years ago, and there is almost no innovation after the emergence of AMM.
2. Cryptocurrency VCs write long articles all day long, and people are exhausted after reading them.
3. You have to look deeply into various algorithms, each formula is different, and in the end, guess what, it is approximately the same. The project party created a word, a function, and a parameter that they thought was important to replace the original one, it’s that simple. The formula for calculating token emission is so rigorous, and in the end it was all insider trading, and 20%-30% was smashed on the same day. What's the point of reading research reports and white papers?
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