Prediction post Metis is about to announce major positive news? ? What is the motivation behind ENKI's crazy price increase? ? Share the game process between the gambling and the project party and try to dig out the wealth code behind it. It is a purely immature logical reasoning analysis. Just watch it for fun. It is not an investment advice.

Yesterday, I shared my thoughts on the recent crazy pull of ENKI at Brother Jian’s small dining table. I didn’t expect to get a good response. After thinking about it, I decided to share my thinking logic publicly. If I guessed it right, I could brag about it. Why not?

First, let me briefly introduce the project background:

Just today, MakerDAO officially adjusted the DAI deposit interest rate of its lending protocol Spark Protocol to 8%. This is the "risk-free interest rate" of stablecoins that is higher than the current U.S. bond yield. People can't help but wonder whether the high yield is behind it. Ponzi model? Let’s talk about where this 8% “risk-free” return comes from? Is there a Ponzi model behind this? Are these gains sustainable? Why does MakerDAO do this?

It is limited to personal knowledge. If there are any errors, please point them out. It does not constitute any investment advice. Where does the 8% “risk-free” return come from? RWA has been a topic of heated discussion in the industry recently, and MakerDAO has become a RWA concept project that everyone is paying great attention to because it has introduced a large number of RWA assets.

Since the birth of blockchain technology in 2008, the crypto market has experienced rapid development. However, the total market capitalization of the entire crypto market is so far not as high as the market capitalization of Apple as a whole, and Web3 still lacks practical application in the real world. However, a new Citibank research report "Money, Tokens and Games" may change this status quo. In the report, Citibank regards the tokenization of real world assets (RWA) as the main narrative of the next stage. It is believed that it may have a huge impact on the development of Web3, will promote the blockchain and Web3 industry to have the next billion users, and may bring about economic activities in a market worth tens of trillions of dollars.

Oracle, I believe you often hear this word, but in fact not many people care about oracles. When many people hear the oracle for the first time, they may think: "Can it predict a certain time? What will happen in the next stage?” However, oracles are not “prophet” in the true sense, but play a crucial role in the entire blockchain industry. Therefore, in this research report, Spinach and Arnaud will discuss with readers the concept of oracles, their necessity, the evolution of the market structure, and why Chainlink has become the leader in the oracle track. In addition, we will also be watching to see if the recent launch of Chainlink Function will trigger a new wave of innovation and the changes brought about by Chainlink Economic Model 2.0.

The currency circle is a highly cyclical market, and studying macroeconomics can give us a better grasp of the future trend of the market. By studying macroeconomics, we can understand important information such as global economic trends, policy orientations of various countries, and monetary policies. This information can help us better predict and grasp cyclical changes in the market.

Spinach is also constantly learning, and many things are known but not why, so I will write down study notes. Macroeconomics is a complex system, and everyone's interpretation may be different. Therefore, we hope that we can openly discuss and learn from our opinions and ideas, communicate more, and gradually clarify our own ideas through output.

Balaji and Medlock bet on Bitcoin price hitting $1 million? Is hyperinflation coming? Spinach Spinach Let’s talk about the circumstances under which Bitcoin will hit 1 million US dollars in 90 days? What is hyperinflation? Will Bitcoin hit $1 million?

This is limited to personal knowledge. If there are any mistakes, please point them out and discuss them.

I believe that many people today are paying attention to the million-dollar bet between Balaji and Medlock. The reason for this is this. Balaji, former CTO of Coinbase, famous investor in Silicon Valley, core fan of Bitcoin, and proposer of Internet Nation, retweeted it on Twitter. A tweet from founder Jack Dorsey: [Hyperinflation is happening and it will change everything] and commented that Jack is right, hyperinflation is coming, buy Bitcoin and withdraw it from the exchange

Expansion has always been one of the topics that Ethereum cannot avoid. If Ethereum wants to become a real "world computer", it needs to be scalable, secure, and decentralized at the same time. But having these three conditions at the same time is known in the industry as The "Impossible Triangle of Blockchain" is a big problem that has not been solved in the entire industry.

However, at the end of 2021, Ethereum researcher and developer Dankrad Feist proposed Danksharding, a new sharding solution for Ethereum, which seems to have brought a revolutionary solution to the "impossible triangle of blockchain" and may even rewrite the entire industry. game rules.

As the entrance and pass into the crypto world, wallets have an irreplaceable position in the entire crypto industry. Using wallets is also an inevitable part of everyone who wants to enter the crypto world. The functions of wallets have also evolved from the original pure accounting function to Today’s multi-chain and multi-scenario usage functions. However, the current threshold for using wallets is too high for new users to learn. This threshold shuts out many people who want to enter the crypto world. Only by lowering the threshold for wallets can we bring more fresh blood to the entire crypto world. As well as the explosion of the ecosystem, with the arrival of the EIP-4337 account abstraction proposal, will the lower threshold brought by the account abstraction wallet allow the wallet to enter the next era and trigger an explosion of users in the crypto world?

With the continuous development of blockchain technology, many applications born on the blockchain that may subvert traditional industries have begun to emerge, which has also made this market attract huge funds, whether for institutions or individuals, if they want to There is one thing that cannot be avoided when entering the crypto market, and that is centralized stablecoins.

Centralized stablecoins provide a bridge between the real economy and the blockchain world, are the value mapping of traditional finance in the crypto world, and provide a stable value carrier. The emergence of centralized stablecoins has promoted the development of the blockchain world. However, while the scale of centralized stablecoins continues to expand, blockchain is also facing a departure from the spirit of “decentralization”.

As a leader in the DeFi (decentralized finance) industry, MakerDAO has always been concerned about U.S. Treasury bonds. Since MakerDAO officially incorporated RWA (real-world assets) into its strategic development direction in 2020, MakerDAO has purchased nearly 1.2 billion U.S. Treasury bonds. Why does the DeFi protocol in the decentralized world introduce real-world assets? What's the purpose behind this? Is the creation of DAI (the token launched by MakerDAO) after the introduction of U.S. bonds the same as the creation of currency by the Federal Reserve?

To answer these questions, we need to start with the nature of money.

1/n Another incident of asset theft occurred around Spinach! ! Attention if you have used Hashflow! ! Your assets can be stolen at any time! ! Another tragedy caused by arbitrary authorization! Spinach and Beosin researcher @EatonAshton2 solved this asset theft case

Never authorize unlimited amounts! Especially contracts that are not open source! If you have used Hashflow, please check your authorization!

2/n Following the last incident where a friend’s assets were stolen and the risk of Uniswap was discovered, another theft incident this time made Spinach discover another risk that may involve a wider range of risks. If you have used Hashflow and authorized it before May last year If you exceed the limit, you run the risk of having your assets stolen!