The cryptocurrency world is full of A8, A9, and trillions of dollars In fact, 1.3 billion people in China have a monthly income of less than 5,000 yuan
Ethena (#ENA) Panorama of the Money Printing Machine Mode
Outline: 🚀 Ethena (ENA) Project Overview and Development Milestones 💡 Technology and Product Details 💎 Token Distribution 🌟 Investment and Market Performance 🗳️ Token Governance and Applications 💰 Token Price Prediction
Project Overview and Development Milestones:
Binance Launches Ethena (ENA): Binance launched Ethena (ENA) as the 50th Launchpool project and officially launched ENA on April 2.
Ethena and USDe Creation: Ethena is the creator of USDe, a synthetic dollar protocol built on Ethereum.
Market Milestone: In February 2024, Ethena launched a new USD stablecoin USDe with an annual interest rate of over 27%, and USDe supply has soared to over $1.5 billion, making it one of the fastest USD-denominated assets to reach this milestone in crypto history.
Technical and product details:
Inspiration and goals: EthenaLabs draws inspiration from Arthur Hayes' "Dust to Crust" article and is committed to creating a derivatives-backed stablecoin that solves the major problem of cryptocurrency's dependence on traditional banks. Its goal is to provide a decentralized, permissionless savings product for a wide audience.
USDe's innovative path: EthenaLabs' synthetic dollar USDe aims to be the first crypto-native, censorship-resistant, scalable and stable financial solution, achieved by delta hedging of collateralized Ethereum.
Internet Bond: EthenaLabs plans to introduce a product they call "Internet Bond" together with USDe. This will be a crypto-native, yield-generating, USD-denominated savings tool based on collateralized Ethereum returns and leveraging funding and basis differences in perpetual contracts and futures markets.
Differences from other projects: Unlike other CDP projects, EthenaLabs' USDe generates its USD value and yield by leveraging stETH and its inherent yield and taking ETH short positions to balance Delta and leverage perpetual/futures funding rates.
Strategy and Returns: This strategy allows the protocol to synthetically create a Delta-neutral CDP, holding Ethena's sUSDe (collateralized USDe) essentially becoming a basis trade, providing users with exposure to the difference in returns between these positions, currently generating an approximate yield of ~27%.
Token Allocation:
Total ENA Token Supply: The total supply of ENA is 150,000,000,000, with an initial circulating supply of 1,425,000,000 at listing (approximately 9.5% of the total token supply).
**Token distribution ratio:** 2.00% of the total number of Binance Launchpool tokens, 25.00% of the total investor tokens, 30.00% of the total team tokens, 15.00% of the total foundation tokens, ecology 28.00% of the total system tokens and 0.15% of the total supply of tokens will be distributed to SchizoPosters and Redacted Remilio Babies series NFT holders.
Investment and Market Performance:
Initial investment and financing: USDe developer Ethena Labs received investment from Avon Ventures, a venture fund affiliated with FMR LLC, the parent company of Fidelity Investments. **Financing situation:** The latest round of financing was valued at US$300 million, and the two rounds of financing were US$20.5 million. Participating investors include Galaxy Digital, OKX, Dragonfly, Binance Labs and Bybit.
Governance and Application:
The role of ENA coin in governance: ENA coin will play a key role in Ethena governance. Voting using the tokens will determine the general risk management framework, USDe support composition, exchange and custodian risks, community grants and reserve fund size, among other uses.
Key Risks and EthenaLabs’ Mitigation Measures:
Custody risk and strategy: EthenaLabs uses "over-the-counter settlement" (OES) providers to custody assets, effectively managing concentration risk by spreading collateral among multiple OES providers.
Centralized Exchange (CEX) Risks and Strategies: The protocol uses derivatives on centralized exchanges to balance the delta of collateral, reducing the risk of any single exchange failing by diversifying the exchanges that hold assets.
Collateral risk and strategy: EthenaLabs actively monitors the on-chain integrity of stETH, maintains contact with liquidity sources, and is prepared to replace collateral if necessary.
Liquidation risk and strategy: EthenaLabs has processes for rebalancing collateral, transferring assets, and utilizing insurance funds to protect against liquidation risk.
Funding risks and strategies: Insurance funds act as a safety net when comprehensive returns are negative, ensuring the stability of collateral.
Collateral Drawdown Queue/Risk Reduction and Regulatory Risk Strategy: EthenaLabs positions itself to effectively adapt to regulatory changes by aiming to operate in compliance with the EU’s MiCA regulations.
Token price prediction:
The market has actually given a reasonable price expectation: The range is between 0.5 USD and 0.8 USD
Let me explain clearly in 10 points. Can#AEVOmake a big profit?
1. Decentralized derivatives trading platform, options and perpetual contract trading 2. On the same track, JUP has a market value of US$970 million, DYDX has a market value of US$1.27 billion, and GMX has a market value of US$540 million. 3. The founder is a former employee of Coinbase and a member of the American crypto core circle. 4. A total of US$16.6 million was raised, and the final round valuation was US$250 million. 5. Mainstream investors Dragonfly, Paradigm, Coinbase 6. Maximum supply of tokens: 1 billion AEVO 7. Initial circulation: 110 million AEVO (11% of the maximum supply of tokens) 8. Regarding token price prediction: No need to predict, AEVO has launched futures trading pairs, the current price is 2.6 US dollars 9. Based on US$2.6, the initial circulation market value is US$280 million. 10. The current circulating market value of Binance’s Launchpool in the past three phases is 380 million, 1.7 billion and 480 million.
Benchmark yourself according to the circulation market value, and the potential space will be clear at a glance By the way, the above prices are in US dollars.
additional Launchpool and token data · Launchpool start time: 08:00 on March 8, 2024 (UTC+ 8), lasting 5 days · Maximum supply of tokens: 1, 000, 000, 000 AEVO · Initial circulation: 110, 000, 000 AEVO (11% of the maximum supply of the token) · Total mining amount: 45, 000, 000 AEVO (4.5% of the maximum supply of tokens), of which 36, 000, 000 are in the BNB pool and 9, 000, 000 are in the FDUSD pool
Aevo has raised US$16.6 million in 3 rounds of financing, namely: · Seed round: 10% of the total, valued at $18.5 million; · Series A: 4.62% of the total, valued at $130 million; · Series A+: 3.5% of total amount, valuation $250 million.
It is worth noting that before Ribbon Finance was merged into its derivatives trading platform Aevo, the original token of Ribbon Finance was RBN. RBN holders can convert their RBN to AEVO at an exchange rate of 1:1, which takes 2 months. lock-in period. The remaining unlocking period of RBN proceeds as originally planned. The token issuance schedule is as follows:
· RBN tokens for private investors (seed and series A) and teams will be fully unlocked by May 2024; · RBN holders can convert RBN to AEVO at an exchange rate of 1:1, with a lock-in period of 2 months; · AEVO is currently not unlocked for release, but the DAO will allocate 16% to future users and ecosystem incentives, which are expected to take more than 4 years.
When you can earn 20,000 to 30,000 yuan a day, you will find that you cannot make a big fortune through hard work. You can only provide food and clothing. Making a big fortune depends on brains, vision, and opportunities.
"The Book of Changes" says: "Small wealth depends on diligence, and big wealth depends on virtue. If virtue is not thick, there will be nothing to carry it."
People who make money by selling their time and labor can only make a small fortune.
A person has limited time, limited energy, and lack of resources every day.
There are so many young people who work hard, but none of them have become very rich. This is actually the truth.
According to survey statistics, the reasons why most people cannot get rich are probably as follows:
✅1. The whole family has no guide. In today's society, it is difficult to start from scratch. If you lack a guide, you will have to do everything by yourself.
After struggling for a long time and just being able to understand some social rules, I realized that I was already several levels behind my peers. If your family has been in business for several generations, or if you are a talented person from all walks of life, you will be ahead of others in the beginning.
✅2. I don’t understand the logic of making money. They only understand that money can be made by relying on physical strength and time. They don’t understand the laws of economic operation, the logic of rising prices, and they don’t understand what the trend of the times is.
✅3. Habitually asking for but not giving, always placing hopes on others, always hoping that someone around you can make a difference, and then taking care of yourself, never focusing on your own growth.
✅4. The family does not pay attention to education, has no sense of awe for knowledge, and believes that knowledge is actually useless.
✅5. Lack of crisis awareness. When I was young, I was messing around, staying up late every day, and not cherishing my body. When I got old, I became sick and started to trade money for time.
✅6. Lack of cognition and limited thinking.
✅7. Lack of high-quality network of contacts.
Most people's thinking is limited to their family of origin and their inherent knowledge and cognition.
Therefore, we can't see the channels to make money, and we can't open up the ideas of making money. We can only work step by step like our fathers did to support ourselves and our families.
But the underlying logic of making more money is not to sell time and labor, but to break through limitations and extend infinitely through thinking and ability.
If you want to make a lot of money, you must find ways to expand your thinking and cognition, awaken yourself, and use your brain to think more about problems.
As of June 2023 China's total wealth is more than 790 trillion State-owned assets are approximately 360 trillion Private assets are approximately 440 trillion
440 trillion private assets
There are about 4.6 million people in the wealthy class 290 trillion Per capita 63.04 million, accounting for 0.3% of the population
middle class About 99 million people 110 trillion 1.11 million per capita Corresponds to 7% of the population
The remaining 1.3 billion people Total assets are 30 trillion Only 22,000 per capita Corresponds to the remaining 92.7% of the population
I have a friend who has been investing for many years Coin speculation/stock speculation/fried rice I don’t know if I will get rich.
But I know so much
The Federal Reserve, the central bank, interest rate cuts, interest rate increases, RRR cuts, balance sheet expansion, balance sheet reduction, cpi, ppi, non-agricultural data, unemployment rate, inflation, deflation, who doesn’t know?
Blockchain technology, distributed ledger, decentralization, Web3, AI, Bitcoin, Ethereum, Ripple, Dogecoin, decentralized finance (DeFi), cryptocurrency wallet, public key, private key, mining, Consensus algorithm, Lightning Network, side chain, cross-chain, smart contract, ERC-20, ERC-721, liquidity mining, hard fork, soft fork, Binance, OKEx, OTC, ICO, IEO, STO , Binance Smart Chain, various Tokens, bear market, bull market, mainnet, testnet, gas fees, who doesn’t understand? Balance sheet, cash flow statement, income statement, goodwill, inventory, current assets, current liabilities, provision, amortization, accounting standards, auditing, standard unqualified opinions, who doesn't want to learn?
Compo cycle, Kitchin cycle, Jugla cycle, pig cycle, which one should not be studied? "Bitcoin is going to collapse", "Ethereum 2.0 is about to go online", "New DeFi projects have increased tenfold", "Cryptocurrencies have been stolen", "Exchanges have been hacked", "The government should start to regulate cryptocurrencies" , which news should not be followed closely?
Japanese candle chart, Elliott wave, trend analysis, winding theory, volume and price time and space, macd, kdj, energy tide, golden cross, dead cross, buy one and buy two, top parting type, bottom parting type, M head, w bottom , shock and wash the market, break through and add positions, which technical school has not learned this?
Russia-Ukraine war, Abe’s assassination, Macron’s visit to China, Saudi Arabia’s production cuts, Biden’s speech, Powell’s speech, trade war, One Belt and One Road, sanctions list, entity list, US stocks plummeted, French stocks soared, silicon silver thunder, Credit Suisse thunder , the international situation, which one is not following closely? Semiconductors, photolithography machines, etching machines, photoresists, fpga, chiplets, wafers, ion implantation, thin film deposition, power semiconductors. Which industry chain is unclear about sensors, sram, dram, ssd, nand flash, nor flash, cmos?
Integrated die-casting, lithium extraction from salt lakes, lithium extraction from spodumene, perovskite batteries, hij batteries, aigc, Xinchuang, industrial Internet, tmt, industrial hen, topcon, when are you not at the forefront of world technology?
Futures, options, leverage, short positions, delivery, liquidation, liquidation, which one has not experienced it? U.S. stocks, Hong Kong stocks, currency speculation, from time to time observe Indian stocks, British stocks, and Vietnamese stocks, oil speculation should keep an eye on crude oil futures, glass speculation should keep an eye on glass futures, lithium ore speculation should keep an eye on lithium carbonate prices, pig speculation should keep an eye on pig prices, and world commodities We know the price at all times. Zhang Kun, Grant, Cai Songsong, Gann, Elliott, Livermore, Buffett, Soros, Xu Xiang, dropped out of school to speculate in stocks, Brother Zhao, Beijing speculator, which one are we not familiar with? "Psychology", "Game Theory", "Accounting", "Management", "Buddhism", "How to Survive 100 Days in the Wild", "The Great Compassion Mantra", what book should we not read? "The scallops ran away", "cold maintenance of the production line", "increased inventory", "poor channels", "the company name is not good, I suggest that xx Technology be renamed xx Lithium Battery", what should my shareholders not worry about the company's big and small affairs?
“The strategic direction is wrong”, “The boss is too timid”, “The CEO is not enterprising enough”, “Management is blindly expanding”, “Financial fraud”, “Disclosure violations”, “Why is the central bank releasing water again?”, “China Securities Regulatory Commission” "Your supervision is not good", who is worth tens of billions, powerful and powerful, and should not be criticized by me?
With a small investment, you can participate in the global financial market and stand on the same starting line as billionaires, no matter how the price rises or falls. No amount of pornography, gambling or drugs can attract you. The fluctuation is 18 million a day, and your head is pinned to your waist. So young people, come and play, you can learn something
How does the banker make a bank? How to cut leeks from retail households?
There is a village where people don’t like to eat mangoes. Now you have a lot of mangoes to sell to them, what will you do?
Businessmen go to the village every day and shout who has mangoes, I want to buy a lot of them.
Businessmen deliberately create demand. In business thinking, this is called making something out of nothing.
Businessmen go to buy mangoes every day. The purchase price is different every day. On the first day, the purchase price was ten yuan. The villagers did not know whether it was true or false, so they tried to give him a mango.
Sure enough, the businessman gave ten yuan, so the whole village started looking for mangoes. The businessman started from one yuan per day, eleven yuan on the second day, thirteen yuan on the third day, fourteen yuan on the fourth day, and only increased by one yuan every day. In business thinking, this is called inertial thinking.
On the fifth day, the villagers will have inertial thinking, and then someone will rush in front of you and buy all the mangoes worth 14 yuan, hoping to sell them to you for 15 yuan on the sixth day to earn a dollar difference.
In a market economy, this is the kind of person you want, and you must let this kind of person make money.
Because once someone in the village makes money by reselling mangoes, a bunch of people will follow suit. In business thinking, this is called attracting new ideas.
The businessman returned to the city for business that day, and his assistant said to the villagers, I will secretly sell all the boss's mangoes to you for ten yuan. When the businessman comes back, you will sell them to the businessman for fifteen yuan, and you will be rich. .
The villagers went crazy, smashing pots and selling iron to raise enough money, and bought back all the mangoes.
The assistant took the money and left, and the businessman never came back.
The villagers have been waiting for a long time. They firmly believe that the merchant will come back to buy their mangoes for fifteen yuan.
Finally, some people couldn’t wait any longer. After all, mangoes will go bad if you don’t eat them.
He sold it to a businessman in the next town for three yuan. In fact, the businessman in the next town was also the sinister businessman.
So now he has cheaper chips,
A businessman is a banker Mango is currency The assistant is the inside information Villagers are retail investors
Fund manipulation: washing the market, collecting funds, pulling the market, bursting the market, shipping
Manipulation of public opinion: There is little movement in public opinion during the market wash and closing, but during the push and shipment, the public opinion is fierce and favorable, such as the killer of Ethereum and the next Bitcoin.
The shipping cycle may be as long as several weeks or 🈷️. Ship when the market manipulators ship and sell when there is a lot of buzz.
First of all, the Bitcoin halving is a shot in the arm. You know, the consensus of the halving is currently the strongest consensus in the entire Crypto. Everyone knows this.
Then, with the expectation that the Federal Reserve will cut interest rates, a huge flood of funds will flood into the market. So much money, spectacular scene
Then, if this is not enough, real-world assets will also flow to the blockchain. This is a real asset, digital transformation
Finally, you know the political factors in the elections in 64 countries around the world, especially the United States. Every election, the market will always have interesting fluctuations.