DeFi Innovation: Potential of Ethereum Ecosystem | Questions and Answers
How to evaluate the innovation of EIP-314 protocol?
The EIP-314 protocol has attracted widespread attention since its launch. From a preliminary understanding, its innovation in the field of token trading is indeed impressive. However, I think that in the current DeFi field, innovation in token trading is not the most urgent need. Therefore, I did not explore this protocol in depth.
In the face of innovation, I encourage everyone to keep an open mind and have the courage to pursue their own interests. Especially when you are passionate about an innovation, you should actively participate and practice, and not be overly influenced by the opinions of others. Different people may have completely different views on the same innovation, especially for disruptive innovation. Therefore, trusting your intuition is often more reliable than blindly following authority.
Taking my personal experience as an example, when NFT emerged in 2021, I became very interested in it and continued to pay attention to its dynamics. However, when the Bitcoin inscription ecosystem emerged at the end of 2022, my reaction was relatively slow and I missed the opportunity for huge profits in the early stage. This made me realize that judgment and attitude towards innovation are crucial.
Therefore, I encourage everyone to bravely pursue the innovations they are optimistic about while controlling risks, and not to care too much about the negative views of others.
What is the prospect of UNI tokens?
Although I do not hold UNI tokens, I have been following its development. However, UNI has not performed well in this bear market and has made limited progress. The dividend proposal proposed some time ago has also attracted the attention of the US Securities and Exchange Commission, and the possibility of realization in the short term is low.
I personally will not hold UNI tokens because I think its token empowerment is limited and the governance function is not valuable. As for the future trend of token prices, I think it may rise with the market when the bull market comes, but the specific increase is difficult to predict. From the perspective of token empowerment, I expect it will be difficult to get significant benefits.
In response to the SEC's attack, the Uniswap team showed more courage this time and was ready to take up legal weapons to deal with it. This attitude made me feel a little good about this team.
SATS tokens continue to fall, should they continue to be held?
For SATS tokens, I have been holding and plan to continue holding until the real bull market arrives.
Is GMX token worth holding?
I still hold GMX tokens, and if it weren't for the reader's question, I would have almost forgotten its existence. Overall, I think that not hearing negative news about the project for some time can be regarded as good news.
In the current bear market environment, the performance of other DeFi projects in the Ethereum ecosystem is not outstanding except Pendle. Although the DeFi projects in the Bitcoin ecosystem seem to be lively, most of them are copies of Ethereum DeFi and lack essential innovation. This makes me feel a little regretful.
I think that future DeFi innovations are likely to still be born in the Ethereum ecosystem, because the composability of Ethereum smart contracts provides it with inherent advantages. For all the DeFi tokens I hold, I have been holding them so far, and I look forward to them bringing better returns in the future.
Ambush potential coins in advance, click on the avatar introduction to find me. Welcome to like, favorite, forward, comment and leave a message $BTC
