#热门话题 #铭文 #赛道 The rise of Bitcoin Inscription has injected new vitality into the Bitcoin ecosystem and rekindled people's attention to Bitcoin. This has also spawned many new Bitcoin second-layer projects, such as Merlin, Bison, Bouncebit, NuBit and BitLayer. . This article selects four relatively popular projects on the market: BEVM, Merlin, B² Network, and BounceBit for interpretation. What are the highlights and advantages of each?

Key excerpts
As a ZK Rollup BTC Layer 2 network, Merlin Chain achieves seamless mapping between BTC and EVM addresses through the Chain-Agnostic account system and the BTC Connect technology provided by Particle Network, providing users with an efficient and secure cross-border exchange. chain interactive experience.

#热门话题 #BTC #合约别碰 Cryptocurrency traders who used options and futures to gain exposure to Bitcoin ( BTC ) lost a staggering $1 billion after Bitcoin plunged more than 14% from its all-time high of $69,200 on March 5. Bitcoin breaks all-time high According to data from CompaniesMarketCap, after hitting a new high, Bitcoin's market value briefly surpassed the $1.347 trillion market value of silver, the world's second-largest precious metal, and once became the world's eighth-largest asset. The surge comes a day after Bitcoin hit a daily high closing price of $68,245 on March 4, surpassing its record closing price of $67,525 on November 8, 2021, reinforcing analysts’ expectations that Bitcoin prices may continue to rise. Expected to reach $100,000 by the end of 2024. The recent approval of a spot Bitcoin exchange-traded fund (ETF) in the United States is the primary reason behind Bitcoin’s bullish price action, according to a research note shared with Cointelegraph by Bitfinex analysts on March 4. Since February this year, the price of Bitcoin has soared 44%. On March 5, the US-listed spot Bitcoin ETF had its busiest day ever, with trading volume exceeding $10 billion. Later that night, Bitcoin A new all-time high followed by a correction. Massive inflows into Bitcoin ETFs are not only driving market growth but also portend a positive outlook and the potential for continued capital inflows. 1 billion US dollars was liquidated, Bitcoin broke new highs, and the community's continued FOMO made everyone continue to be optimistic about Bitcoin, and Contract Party was no exception. However, the fluctuations of cryptocurrency are huge. When everyone thought that it would continue to climb, Bitcoin unexpectedly A needle smashed down, catching the contract party by surprise. On March 1, analysts said total open interest in Bitcoin futures contracts surged to more than $26 billion, surpassing the previous record of $24 billion set in the fourth quarter of 2021. According to the Santiment crypto data analysis platform, the vast majority of price speculation comes from traders establishing long positions in anticipation that Bitcoin will break through all-time highs and remain above $70,000. But what I didn't expect was that after Bitcoin broke through a new high, it quickly fell down, reaching a minimum of $60,861, and a large number of long positions were cleared.Data from Coinglass shows that approximately 312,500 traders were liquidated in the past 24 hours, with a total liquidation of $1.13 billion. Image Bitcoin’s sudden drop leads to $1.13 billion worth of liquidations. Source: CoinGlass In short, Bitcoin has not yet stabilized and needs to fluctuate significantly for several waves. However, in the long term, it is still bullish. Three major good news will continue to promote the rise of Bitcoin, as follows. ① Cut interest rates. Goldman Sachs’ latest report predicts that the Federal Reserve will cut interest rates at least 4 times in 2024. Interest rate cuts will boost Bitcoin; ② Bitcoin’s “halving” event in April may drive up prices by reducing supply, but it may also affect miners’ profits; ③ Bitcoin ETF trading volume continues to climb, with single-day trading volume reaching US$10 billion, a record high. Among them, BlackRock's IBIT asset size reached US$10 billion within seven weeks, becoming the third largest ETF in the United States. Original text: Decrypt Staff Note: Some pictures are from the Internet. If there is any infringement, please contact us to delete this article. This article is only for knowledge sharing and does not represent opinions. It does not constitute any investment advice. $BTC $ETH $BNB

#热门话题 #AⅠ智能 Recently, I have invested some energy in the AI+DePIN track. I have a feeling that this will be the value narrative driving this round of bull market. Shenglang, the old DeFi protocol, NFT, cutting-edge public chains, and many underlying technological innovations are all there Moving closer to the direction of DePIN, next, I will share some of my thinking logic: 1) How to understand the concept of DePIN. Simply put, the traditional CePin servers, sensors, communication networks and other physical facility networks need to rely on AWS, Alibaba Cloud, etc. to operate. The investment cost of centralized computing power cluster services is too high for many small and medium-sized enterprises. DePIN uses blockchain Token incentives to allow some users with "hardware devices" to establish large-scale collaboration relationships with physical devices to form an infrastructure network with service capabilities, allowing some small and medium-sized enterprises to be accessible and cost-effective. ways to utilize network resources. 2) Some people say, isn’t this the “hardware equipment mining” narrative of the last bull market such as FileCoin, Chia, Arweave, etc.? Yes, but not entirely. This round of bull market has added a new "AI" variable. There is a demand for decentralized storage, but it is not a strong demand. It will be mixed with some pseudo demands, such as: data storage access. Although it can solve the storage demand, due to the unstable network distribution structure and node efficiency operation, some online Application scenarios with strong real-time requirements such as videos and games cannot be implemented. After the introduction of AI scenarios, large AI model training will be a very rigid requirement. I consulted some small and medium-sized AI companies that do AI model training. The cost of server hardware configuration and configuration costs such as AWS is not friendly to small and medium-sized AI companies. If DePIN can enable supply chain cloud services such as GPUs or mobilize hardware devices across the entire network to form an infrastructure network, there will be strong demand for large model training, distributed machine learning, data storage verification mining, distributed reasoning and other directions. If this round of DePIN can take off, it will mainly be driven by the AI ​​​​track. At the beginning of this process, there will be some projects that rely on a PPT narrative, but in the long run, the projects that can be implemented will not be too bad. . 3) There is a high probability that AI+DePIN will take over the role of the last round of DeFi Summer and become the main value narrative of this round of bull market. This explains why MeMe will rise after BTC rises, but there is no movement in the old DeFi that everyone is looking forward to. Whether it is speculation in the new or old, or the burden on the car caused by the poor expectations of the last round of DeFi, the key There is still a lack of a narrative opportunity that can drive the mixed linkage of on-site and off-site funds.There is no doubt that the last bull market NFT brought in traditional users and funds through the reshaping of the artist digital market. This bull market AI+DePIN may play a similar role. Does this mean that old DeFi has no chance? No, in my opinion, this is precisely an opportunity to reshape the traditional old DeFi: 1. Public chain: The last round of DeFi was too trapped in the EVM environment, and the narrative of EVM-Compatible made the inter-chain The differences are getting smaller and smaller, and the possibility of linkage is getting bigger and bigger, but everyone is working on the chain Infra. When will the application ecology be launched? Therefore, the first thing to do in this round of AI+DePIN is to de-EVM and let some high-performance chains take the lead, which in turn will spawn some killer applications, such as @solana, Sui, Aptos, etc. In particular, there is a group of unique developers active on SOL. Whether this wave of AI+DePIN can take off directly determines SOL's mainstream status in this bull market. Whether the slogan of impacting or surpassing Ethereum can be realized depends entirely on the implementation of the AI+DePin narrative on SOL. Recently, I came into contact with projects like @ionet_official. The valuation is already very high, but after experiencing it, I was a little surprised. I feel that it will be a potential force to detonate DePIN; 2. DeFi protocol: A while ago, Vitalik talked about it The core of AI+blockchain actually leads to an entrepreneurial direction: AI+intent DeFi transactions. Obviously, it can enable smart contracts to evolve into super smart contracts, covering the needs of lowering user thresholds, increasing user interactive experience, and reducing user cross-chain transaction wear and tear. Coming in is the direction in which intent trading really wants to work. Therefore, it is critical whether the old DeFI can quickly promote a series of upgrades such as the intent transaction model + wallet front end. If you stick to this direction, you can integrate it into the main Shenglang narrative of AI+DePIN without falling behind; this type of DeFi innovative projects have already Quite a few. As a reminder, the Intent-centric narrative is not over yet. There is only one project that can combine AI and actually be implemented. 3. Innovation at the bottom of other technologies: In fact, the current web3 innovation environment is very mature, and the product power and innovation power of web2 have already penetrated. Because of this, a series of narratives such as "modularization" and "chain abstraction" have emerged, and these The narrative goals are to solve the problems of low inter-chain interaction efficiency and high collaboration cost that exist in the web3 environment.The direction is very good, but due to the slow development of the old chain, these micro-innovations have no real potential. Take ZK technology as an example. Everyone says that ZK is the end game, but now ZK only solves the problem of mutual trust between the main chain and the side chain. In fact, ZK can enable all EVM and non-EVM chains to realize mutual trust asset transfer, and the real value discovery of ZK Still in the future. Recently, I have been paying attention to a @ProjectZKM project. The bottom layer of ZK technology realizes multi-chain interoperability. Coupled with its hardware acceleration and other DePIN designs, it is also likely to find a key position in the new wave of DePIN narratives. Note: I briefly elaborated on a few thinking logics that I think AI+DePIN has great potential. They may not all be correct, but I am reasoning more based on the thinking of value investment research and industry maturity and evolution trends, and have not added secondary market speculation. The emotional components of FOMO. The above content is for reference only. You are also welcome to contribute and learn together. $ETH #NFT

#热门话题 #资讯前瞻 For the crypto industry, the problem of Ethereum scaling seemed obvious from the beginning, especially as use cases continued to increase and existing technology was unable to handle the large number of transactions, making it imperative to implement innovative solutions to expand the network. If all goes well, the Ethereum Dencun upgrade will take place on March 13. While this is an important step in the right direction, some community members believe that Dencun is just a short-term patch and that what Ethereum needs is a sustainable long-term solution. Dencun is a temporary solution? The Dencun upgrade is designed to enhance Ethereum’s scalability and is currently being deployed on the testnet. Although the upgrade of the Goerli testnet was previously delayed due to bugs, the deployment on Sepolia and Holesky is progressing quite smoothly. Dencun introduces the concept of "proto-danksharding", which aims to reduce transaction costs by using the "blob" format instead of "calldata". Blobs will make transaction data temporarily available in a "compressed" format, thereby significantly improving storage efficiency and being more cost-effective than calldata (it is said to have the potential to reduce costs by 80% to 90%). Subsequent shard upgrades will also use the same format. Overall, the Dencun upgrade will bring developers higher storage efficiency, lower gas fees, and a better experience, while making Rollups more cost-effective. Bitwise Invest researcher Juan Leon analyzes that IP-4844 will enable the "data fingerprint" of compressed transaction data structures and reduce L2 transaction fees to less than $0.01, which will greatly promote the expansion of the Ethereum network and provide mainstream consumer applications. procedures paves the way (transaction costs become negligible, which is a significant obstacle). David Lawant, director of research at FalconX, also expressed a similar view, adding that "technological developments usually do not affect the price of cryptocurrencies, but ETH upgrades are an exception. Before key upgrades, ETH often performs better than BTC." Ether Dencun’s calm thoughts before upgrading: A short-acting solution to the expansion problem? While the Dencun upgrade is a step in the right direction, it's not a permanent solution. The upgrade focuses on making data storage more efficient, which is certainly beneficial. But the long-term problem facing the Ethereum network is capacity, and future development must focus on expanding network capacity to support the increasing number of transactions being executed. From this perspective, a multi-chain solution may make it easier to achieve this goal. The way forward: Rollups and AppChain The multi-chain solution, known as Rollups and AppChain, is the ideal long-term mechanism for increasing Ethereum capacity. Application chains, also known as application-specific blockchains, have their own dedicated processing power and storage designed to serve a single application. Application chains can be built on larger mainnets, such as Ethereum, or even L2 blockchains, allowing on-chain transactions to be offloaded from the mainnet and processed by the application chain. If widely used, Utility Chain will greatly increase Ethereum's capacity. Rollup technology can be used to build application chains, but the difference is that Rollup mainly handles off-chain transactions - transactions are executed off-chain, and then "aggregated" into a single transaction and fed back to the main network. Rollups are generally less efficient than application chains because they generally rely more on the main chain for security than application chains. In addition, they are less customizable than application chains, but they can still provide a certain degree of flexibility and are easier to deploy and manage. Since both have their own strengths, synergies can be achieved by combining the transaction efficiency of Rollup with the flexibility and customization of AppChain. Developers can also benefit from scaling beyond L1 networks into more scalable and versatile environments, making it easier to design and deploy blocks that meet the needs of their user base while maintaining high levels of efficiency and security. chain application. By increasing capacity, throughput, reducing latency and improving resource management, multi-chain solutions enable the network to accommodate greater transaction volumes while maintaining optimal performance. In addition to Dencun, how to deal with the blockchain triangle dilemma? Developers have long struggled to solve the blockchain’s impossible triangle problem, trying to find a balance between scalability, security, and decentralization. Multi-chain solutions that emphasize interoperability and security have the potential to help Ethereum reach its full potential. Frankly speaking, implementing a multi-chain solution on the Ethereum network also presents a unique set of challenges for developers.One of the main obstacles to current multi-chain solutions is the complexity of interoperability management between different chains, so the integration of cross-chain communication protocols and integration technologies, as well as ensuring consistent security measures across multiple chains, is a top priority. Beyond this, overcoming these challenges requires a thorough understanding of the technologies involved and a commitment to creating an accessible and developer-friendly environment that facilitates seamless integration and effective utilization of multi-chain solutions. The future development of Ethereum is exciting. Finance, identity, gaming, supply chain, healthcare, food supply and many other industries are already beginning to benefit from the Ethereum network, but rapid growth also comes with growing pains. Capacity is a growing concern for Ethereum. While the Dencun upgrade will help solve this problem by improving efficiency, at this stage this solution is more like a "Band-Aid". So in the long run, the best way forward is still to increase capacity, and multi-chain solutions such as AppChain and Rollups may be a good idea. $ETH

#热门话题 #资讯前瞻 Blast is the first L2 blockchain network that specifically provides the possibility of passive income for funds in Layer 2 accounts. When users deposit funds into Blast, Blast will immediately lock the corresponding ETH on the Layer 1 network for network native staking, and automatically return the obtained ETH staking income to users on Blast. In addition to supporting natively staked ETH, Blast also provides opportunities for passive income on stablecoins. This "barbarian" style of play is enough to shake the current status of traditional Layer 2. In the past, Layer 2 focused on improving performance, expanding RaaS, and multi-chain storytelling. At the beginning of 22, we were still discussing whether Blockchian’s future would be multi-chain or ETH + Layer 2. Nowadays, Cosmos has been relegated to the second line and has been robbed of attention by Layer 2 such as Optimism/Arbitrum/Polygon/zkSync. Funds and developers have also voted with their feet to invest in and settle in Layer 2. But now Blast's style of play has taken a different approach, which may be a new paradigm for the development of new Layer 2. Therefore, compared with the usual Layer 2 solutions, Blast as Optimistic Rollup continues the operating habits of EVM users, while opening up new revenue opportunities for users. Since its launch, Blast has gathered more than 1.3b TVL in just 2 months, breaking the fastest record of L2 and setting off a wave of other L2 Native Yields. Big Bang Opportunities Blast provides generous rewards for dapps participating in the Big Bang competition to incentivize project parties to deploy and operate in Blast. First of all, Blast will release ETH lock-up liquidity in February. Dapps deployed on Blast will have the opportunity to share the released 1.4b TVL and the 104k users participating in the lock-up. This is a great cold start opportunity for any project. Secondly, project parties participating in Big Bang will receive one-to-one personalized guidance from Investors. Finally, Blast has reserved 50% of the total AirDrop supply to incentivize developers. Except for less than 10% of which will be distributed to BigBang Winners, more than 90% of the remaining will be distributed to dapps on the Blast mainnet. This will It is the largest airdrop in history for developers. In addition, users will not receive any rewards for interacting on the Blast testnet, but they may have the opportunity to receive interaction incentives after the mainnet.Blast Ecosystem Overview In less than two days since Blast announced Big Bang, more than 60 projects have announced cooperation with Blast and will build on Blast. Here are 7 projects we have selected that are worth tracking from the early stage. :• PumpX: PumpX is a full-chain consumer liquidity protocol (Multichain Consumer Liquidity Protocol), which decentrally organizes idle funds scattered in different places on the blockchain to provide financial services for consumers’ asset transactions on the chain. Support and support the transaction depth and activity of assets on the chain. The PumpX protocol provides project parties, decentralized wallets and trading markets with project-level lending functions in the checkout page and imports consumer-grade liquidity aggregated on Blast. PumpX is also one of Binance’s Most Valuable Projects (MVB), invested by top institutions such as IOSG, HashKey, and Fenbushi Capital. Some of PumpX's smart contracts have been deployed to the Blast test network for debugging. PumpX has announced a follow-up airdrop linkage with Blast, which deserves continued attention. • Pyth Network: Pyth is committed to providing real-time market data for financial dApps on the blockchain. This means that whether it is cryptocurrencies, stocks, ETFs, forex pairs or commodities, Python can provide users with more than 380 low-latency price feeds. • Quick Node: QuickNode is a blockchain development platform that provides projects of all sizes with reliable infrastructure, managed RPC services, elastic APIs, and powerful analytics needed to scale successfully. With globally distributed multi-chain infrastructure and automatic scaling, QuickNode can power an application's entire growth journey from MVP to mass adoption across the entire Web3 ecosystem. • Thruster: Thruster is a Blast native DEX that leverages Blast native yields, custom liquidity solutions, and a simpler UI/UX to benefit traders, LPs, and developers. • The Graph: The Graph is called "decentralized Google" by the crypto world because it uses indexing and querying methods similar to Google, but provides more openness on the basis of decentralization. and accessible ways to query and utilize data. Developers can create and query their own data subgraphs (Subgraph) through The Graph, making the entire Ethereum ecosystem more open and interconnected.• Ambient: Ambient is a decentralized trading protocol that allows a two-way AMM that combines centralized and environmentally constant product liquidity on any pair of blockchain assets. Ambient runs the entire DEX within a single smart contract, where a single AMM pool is a lightweight data structure rather than an independent smart contract. This design makes Ambient the most efficient Ethereum-based DEX currently. • RedStone: RedStone is an oracle that provides frequently updated, reliable and diverse data sources for DApps and smart contracts on multiple L1 and L2. In this new Layer 2 battle, the success of the Big Bang competition announced a new starting point for the Blast ecosystem. In just three days, Blast has attracted 60 projects from various circuits, injecting vigorous vitality into the ecosystem. However, we believe that this is just the prologue, and more high-quality projects will join in the future to jointly build a more prosperous and diverse Blast Layer 2 ecosystem. With the integration of more projects, Blast's ecosystem will be further strengthened and consolidated. The future has arrived, and the pace of the bull market has begun. The take-off guide for the Blast Layer 2 ecology has been drawn up. Let us jointly welcome this bull market full of hope and opportunities! $ETH $BTC #

#热门话题 #项目投研 Ethena Introduction: $ETH Ethena is a synthetic USD protocol built on Ethereum that will provide a crypto-native solution for currencies that do not rely on traditional banking system infrastructure, as well as a globally accessible USD-denominated savings instrument - "Internet Bonds". Ethena’s synthetic U.S. dollar, USDe, will provide the first censorship-resistant, scalable, and stable crypto-native solution for funding enabled by hedging against pledged Ethereum collateral. USDe will be transparently fully supported on-chain and freely combinable across DeFi. USDe peg stability is ensured by using delta-hedged derivatives positions against the collateral held by the protocol. The “Internet Bond” will combine proceeds from staking Ethereum with funding and basis from perpetual and futures markets to create the first on-chain crypto-native “bond” that can be used by users in allowed jurisdictions to A U.S. dollar-denominated savings instrument. Ethena aims to solve the biggest and most obvious pressing needs in cryptocurrency. DeFi attempts to create a parallel financial system, but stablecoins are the most important financial instrument and are still completely subject to and dependent on traditional banking infrastructure. Ethena aims to provide a scalable form of crypto-native currency to enable a truly decentralized financial system. Solution: Internet Bonds leverage crypto-native synthetic dollars from Ethereum, on-chain custody, and centralized liquidity venues. Ethena Labs believes that a delta-neutral synthetic dollar that holds collateral outside the banking system and has access to centralized liquidity solves the challenges of existing stablecoin designs. Ethena Labs implements USDe by hedging the delta of the spot assets backing the token during minting. Therefore, USDe has the following advantages: Scalability is achieved by leveraging derivatives, which allows USDe to scale as capital efficiency increases. Since the staked ETH collateral is perfectly hedged by a short position of equal notional value, synthetic USD only requires a 1:1 “collateralization”. Stability is provided through hedging of transferred assets that is executed immediately upon issuance to ensure a synthetic dollar value that supports the U.S. dollar economy under all market conditions.Resist censorship by decoupling backing from the banking system and storing trustless backing assets outside of a centralized liquidity venue in an on-chain, transparent, 24/7 auditable, programmatic escrow account solution. By focusing on staking Ethereum—the only staking asset that can deliver uncensorable and trustless native yields at scale—the Ethena protocol solves all of the above while providing users with fully managed and supported stability with Embedded benefits inherent in protocol systems. Best of all, it does so without relying on the existing banking system. Leveraging the latest developments in “off-exchange” MPC-collateralized custody accounts to access centralized liquidity while retaining the core value proposition of transparency and on-chain custody, we are able to scale to billions of dollars as both decentralized and centralized crypto The crypto-native dollar for the ecosystem. Because the mechanism that forms USDe’s backing essentially creates protocol-level yields, we are also able to work with USDe to create Internet bonds that scale with it. Enabling Ethereum to develop into a stable form of currency will not only support massive capital inflows into centralized and decentralized ecosystems; it will also provide the most important native monetary asset in the crypto market. On February 22, the Binance Foundation announced that Ethena Labs would become the first batch of S6 incubation projects. On February 16, stablecoin project Ethena Labs announced that it had completed a $14 million strategic round of financing for $300 million, with Dragonfly, Brevan Howard Digital, and BitMEX founder Arthur Hayes’ family office Maelstrom co-leading the investment. In July last year, Ethena Labs also completed a $6.5 million seed round of financing, led by Dragonfly, with participation from Deribit, Bybit, OKX, Gemini, Huobi, Arthur Hayes and its family office. Potential risks of USDe: In October last year, Austin Campbell, professor at Columbia Business School and founder and managing partner of Zero Knowledge Consulting, published an article dismantling the design structure of USDe and proposing four layers of potential risks of USDe: First, security at the pledge level Risks, whether the security and sustainability of pledge nodes can be guaranteed; second, the security risks of futures contract opening platforms, whether it is DEX or CEX, there is the risk of hacker attacks;The third is contract availability risk. Sometimes there may not be enough liquidity to conduct short selling. The fourth is funding rate risk. Although the funding rate for short positions is positive most of the time, there is also the possibility of turning negative. If The comprehensive rate of return after weighted staking income is negative, which is quite fatal for "stable coins". Latest data and outlook: - USDe’s real-time total minting amount is $430 million, with an annualized return of 24.04% (updated weekly), which has maintained strong growth over the past few months. - Seraphim, Lido’s previous external “face” and head of expansion, has moved to Ethena Labs as head of growth, which may help promote Ethena Labs’ product integration. - Binance Labs has included Ethena Labs in the first batch of incubation projects in Incubation Season 6, which may also be a major boost to Ethena Labs’ accelerated growth. - Ethena Labs’ innovative stablecoin solution is another major adjustment to the stablecoin track. We will wait and see whether it can subvert the track. Official Twitter: https://twitter.com/ethena_labs Official website: app.ethena.fi/join/mxtmv White paper: https://ethena-labs.gitbook.io/ethena-labs Event introduction: From February 19 From now on, Ethena’s Shard activity will go online, marking the official launch of USDe to the public. Shards will represent and track users’ contributions to the Ethena ecosystem over the course of the campaign. Event Rewards: The event will be divided into multiple short-term seasons, or "eras," with each season rewarding a different activity involving USDe, and Ethena will work closely with it to integrate these communities, which will receive enhanced shards in each era. . Campaign Duration: The duration of the Shard campaign is dedicated to completion within 3 months, or when the USD supply reaches $1 billion, whichever occurs sooner. Note that sharding activities are explicitly geared toward long-term participants and users of the system, so be prepared for the long term. The reward distribution time is expected to be in May 2024.

#热门话题 #资讯前瞻 Puffer Finance, which recently launched an attractive airdrop campaign and received support from important investors such as Binance Labs, not only simplifies but also expands the scope of fixed investment rewards, positioning itself as the leading solution in the liquid fixed investment space. About Puffer Puffer Finance revolutionizes Ethereum pricing with its liquidity repricing protocol, providing a secure and profitable platform for users to earn higher PoS rewards. By funding Ethereum with pufETH, users have access to a streamlined funding process, supported by anti-slashing technology and a permissionless validator framework. Official website: https://www.puffer.fi/ Official Twitter: https://twitter.com/Puffer_Finance What is Puffer Finance? Puffer Finance is a decentralized native liquid reset protocol built on EigenLayer, designed to increase Ethereum's proof-of-stake rewards for users. By enabling participants to stake ETH and receive Puffer’s native token, pufETH, the platform provides a streamlined path to earn higher rewards through Ethereum’s PoS and reset mechanisms. The protocol uses advanced anti-undercutting technology and capital efficiency strategies to protect and optimize investor returns, making it stand out in the Ethereum investment ecosystem. Puffer Finance uses a permissionless framework to democratize the process of running validators, lowering the barrier to entry to under 2 ETH. This not only broadens participation but also increases the protocol’s growth potential. Puffer Finance combines liquid marking and re-marking rewards to provide users with security and profitability, setting a new benchmark for liquid marking solutions in the cryptocurrency space.

#热门话题 #内容挖矿 Cosmos The universe seems to be gradually coming out of the Mercury retrograde period recently. Projects such as Injective, Celestia, Kuji, Thorchain, etc. have all experienced considerable growth, especially a number of US$1 billion-level ecological projects. The most eye-catching one is undoubtedly the decentralized cross-chain trading protocol THORChain (RUNE). It is built based on the Cosmos SDK and is committed to realizing cross-chain transactions of various native assets. For example, directly exchanging BTC for ETH without encapsulating assets, the maximum The unique feature is that there is no liquidation risk. Since the second half of this year, RUNE has bottomed out and returned to the mainstream project narrative. At the same time, due to its unique Token empowerment mechanism-THORchain’s cross-chain transaction logic is centered on RUNE, and RUNE pledged on THORchain The value must be 3 times that of other assets, so RUNE can directly capture the value of ecological growth. Since October, RUNE has increased by more than 4 times, with its total market value reaching US$1.6 billion. This is already the leading behemoth in the Cosmos ecosystem. Secondly, Injective (INJ), a Layer 1 blockchain built specifically for financial applications based on Cosmos, has also performed exceptionally well this year. Its biggest feature is its decentralized and modular order book. Token INJ has also increased by 10 this year. More than times that, the total market value has reached the level of 1.5 billion US dollars, becoming almost second only to THORchain. In addition, the Kujira TVL of the Cosmos ecosystem has increased by more than five times since September, soaring from around US$16 million to more than US$80 million in just over two months. The speed is astonishing, and its Token KUJI has also surged in three months. With an increase of nearly 400% within a month, it looks like a dark horse. Especially in just one and a half years, it has grown from the chaos of Terra's collapse into a dark horse rookie in the Cosmos ecosystem, and can be called a "rebirth model" in the encryption world. From these perspectives, the most interesting thing about the Cosmos ecology is the emergence of these "small universes" that evolve spontaneously and continue to grow in size. This is also the biggest advantage between it and other established public chains such as Polkadot: various projects They are all building their own trading & liquidity and other infrastructure, striving to become nodes in the Cosmos universe. Once the network effect is formed, they will gradually become the reservoir of Cosmos and become vampires for other blockchain networks. .In particular, "quasi-infrastructure" such as Thorchain and Celestia, which are the majority of projects, have been gradually inserted into core DeFi protocols and other ecosystems. With further exits, they are also helping the Cosmos ecosystem to conquer the city. On this basis, the ecological synergy advantages of Cosmos are also gradually reflected, especially the expansion of these small universes and the rapid expansion of the overall scale of use cases. Once ATOM passes new empowerment plans in the future, it will be able to quickly capture the maximum network value . $ATOM $OSMO