The typical feature of a bull market is the fast speed of new listings, and Binance has demonstrated this vividly.#ETHFI $BTC
On March 12, Binance announced a new Lanchpool project: ETHFI. The project provides liquidity staking services, with a total financing of US$32.3 million, a current TVL of more than US$3 billion, a total of 1 billion tokens, an initial circulation of 11.52%, and Binance Lanchpool releasing 2%.
Interestingly, although Binance has invested in multiple projects in the ReStaking track, ETHFI is not among them. The official announcement time of this Lanchpool is actually earlier than the opening time of the previous project AEVO, which is unprecedented in my impression.
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After thinking about it, I personally think that Binance’s listing of ETHFI is worth a closer look, and it more or less sends the following signals:
There is a kind of IPO called "Binance Speed"
In terms of wealth-creating effect, Binance's IPOs are second to none. If you can get hold of these projects in advance, the rate of return is often amazing. Even if the sign-in and clock-in seem to have no technical content, you can still make a lot of money.
In terms of the speed of new listings, Binance was not fast before, and was even a bit slow. However, in recent months, Binance has launched new listings one after another, so fast that many people screamed. The latest issue is even more exaggerated. The previous Lanchpool project has not yet been launched, and the next new listing project ETHI has been pushed to the public.
The biggest beneficiaries are undoubtedly BNB holders, who have not only benefited from the astonishing increase in BNB, but also got a bunch of new coins for free, with an average annualized return of more than 130%.
Binance favors leaders in niche markets
Whether it is Lanchpad or Lanchpool, Binance's past IPOs have often focused on projects invested by Binance Labs to form its own closed loop. However, the latest issue of Lanchpool has surprised many people.
In the ReStaking track, Binance has invested in multiple projects, but ETHFI is not one of them. ETHFI was able to be launched on Binance thanks to its leading address. It ranks first in TVL in the Ethereum ReStaking track and is also the first ReStaking project to be launched on Binance.
Binance’s IPO this time reminds us: regardless of whether Binance has invested in it or not, the leading projects in various segments that have not yet issued coins hope to be favored by Binance and are worthy of in-depth participation.
The ReStaking track may usher in a wave of coin issuance
Since last year, top institutions including A16z have invested heavily in the ReStaking track, followed by the emergence of a bunch of staking projects, each of which will empty your wallet.
Now, Binance has launched ETHFI, the leader of the Ethereum ReStaking track, which is tantamount to giving the entire track a stimulant and can be regarded as a turning point. Next, the ReStaking track may usher in a wave of coin issuance, and the protocols with the highest TVL will announce decentralization one after another.
Therefore, don’t be stingy with your bullets, and keep charging for the staking projects that have not yet issued tokens and have been invested by leading institutions. Puffer and Renzo, which are invested by Binance, are especially recommended. The TVL of these two guys is right behind ETHFI, and there is a high probability that they will be listed on Binance. Although it is very risky, you can’t miss it.
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