"Professor Coin" is a very interesting article.
In the weekend front-page article of Bloomberg's crypto section, it is mentioned that the current cryptocurrency VC has recently focused on "Professor Coin". The so-called Professor Coin is actually a blockchain project or token created by scholars in the crypto field. The two projects that have raised the most VC funds and stood out are:
1. EigenLayer, founded by Sreeram Kannan, a former associate professor at the University of Washington, raised 100 million in February this year, mainly for Ethereum staking. The platform's staking funds have reached 15 billion US dollars, and the project is not open to China, Canada and the United States.
2. Babylon, founded by Stanford University professor David Tse, raised 18 million US dollars in December last year. Babylon, which we call Babylon, may be a project that many people have paid attention to recently. Unlike EigenLayer, which does Ethereum staking, Babylon's main goal is Bitcoin staking. (To be honest, when I first learned about Babylon in March, I didn't see the information of this Stanford professor. Maybe I didn't find it. At that time, I checked that the company's three executives were all Americans, two of whom were Israelis.)
VCs in the crypto field are not unanimously optimistic about these professor coins. Some well-known VCs also believe that scholars may not be a plus but a minus in the operation of blockchain projects, because scholars focus on academics and theories, but have poor business operations and practical abilities. Therefore, from the perspective of VCs, the risk of input-output ratio is relatively large.
At present, EigenLayer is preparing to issue coins. The token is called EIGEN, with a total supply of 1.67 billion. At present, the token is mainly distributed to pledgers and participants, and a plan for the token to go online has been proposed. There are many information about Babylon on the Internet, which can be checked by yourself.
The article citing the picture is undoubtedly to help build momentum for pledges. The tendency of crypto VCs will be considered by many people as one of the industry's hot spots, but I am more curious about how these two projects will face US regulatory measures once they issue tokens? Although EIGEN is not aimed at the United States, how can it be completely isolated and circumvented? Or has this project already received tacit approval and is just waiting for the opportunity?
Let’s use our imagination. These two projects are currently very popular in staking. One is anchored to Ethereum and the other is anchored to Bitcoin. However, staking is not completely risk-free. Once these two projects accumulate a large amount of Bitcoin and Ethereum, what will happen if a black swan occurs at this time?Whether the locked chips will involve position liquidation issues under the black swan event, and whether the users can successfully obtain ownership of these chips under the black swan event. Welcome to discuss!
