Go2Mars Research

On May 3, 2023, when the public was still enjoying the remaining heat of the May Day holiday, this night was not easy for many friends in the crypto circle. In this late night, many investors did not expect that the "golden dog" XIRTAM, which has recently been called for orders by various KOLs, was listed on SushiSwap in the early morning, and then fell to US$0.02 to US$0.0018. The market value plummeted by 90% in just a few hours. time, it can be called the BitRun of the encryption industry. At present, after verification by many parties, it can be confirmed that it is a Chinese dish packaged as a foreigner.



So, how is the pig-killing plate in the encryption circle made? What characteristics should an excellent "Sickle" project have? How is the public’s FOMO mood mobilized? What stakeholders are involved in the project process?

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Spark Protocol is one of the many innovations that will bring prosperity to the MakerDAO ecosystem in the Endgame era.

On May 9, 2023, the decentralized stablecoin protocol MakerDao announced that the front-end Spark Protocol, which allows DAI to interactively perform various operations, was officially launched. Its first product is Spark Lend (Aave v3 fork). Currently, the collateral supports ETH, stETH, DAI, and sDAI. The protocol achieves a fixed interest rate of 1.11% by connecting to the D3M module of Maker DAO. The starting point of this agreement is to provide DAI users with functions that Maker has not provided before, and to expand DAI's share of the stablecoin market by expanding the scope of application of DAI.

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In this article, farmers refer to the group that performs liquidity mining in the protocol. They provide liquidity to the protocol and obtain rewards from the protocol; while LP refers to the group that provides liquidity for the protocol tokens, and the income comes from transaction fees.

introduction

Traditional liquidity mining faces several major issues and challenges. First, the tokens rewarded by liquidity mining are often sold by farmers immediately after being obtained, which causes the token price to drop, thereby harming the interests of token holders. Secondly, the reward mechanism will distort the interest rate and price of the agreement, causing real users to be squeezed out and the actual use value of the agreement to be reduced. In addition, the management mechanism of liquidity mining rewards is often opaque, the distribution and use of tokens are unclear, and ownership is too concentrated. Finally, the reward mechanism may increase the security risk of the protocol, leading to the theft or loss of funds, and the reputation of the protocol being damaged.

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Liquidity is the cornerstone of finance. Whether it is the stock market, real estate or Defi, liquidity is one of the key indicators to test the quality of its market. In the Defi market, the game between liquidity and fairness is going on from beginning to end. How to balance the relationship between the two is a similar problem we experienced in the 1980s.

It’s just that today is different from the past. In Defi, the financial instruments we can use are more diverse and the game mechanics are more flexible.

Therefore, this article will take the traditional decentralized exchange (DEX) as the starting point and the Chronos exchange as the research target, and break down in detail how Chronos uses the ve(3,3) model to participate in this efficiency and fairness game. among.

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Summary of the previous article: Let us conduct a self-examination of 100 questions on start-up projects. This can be used as an analysis and evaluation of whether you buy its project tokens, or as a self-examination for newly created projects. All questions are divided into the following seven parts: general questions, token issuance, supply, demand, token utility, past, and current market.

In the latest article "Tokenology: Not Just Token Economics" from A16Z Guy Wuollet, thinking about the value contained in tokens goes beyond the monetary value contained in tokens, and more about the value contained in tokens. Multiple value forms such as social identity and reputation were considered. As a vector with direction, a token is not just a scalar quantity with only digitized size. In this state, each specific token can represent ownership, membership and other information, and the value covered can become a rich new design space for token system builders, thus demonstrating the high inherent in any value representation. dimensions.

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humans.ai is committed to creating an integrated platform for creation and governance based on artificial intelligence. On May 19, humans.ai announced the news that the product will be launched on the mainnet, and has developed a series of publicity and promotion activities around this. . The initial focus of the project is to use artificial intelligence technology to generate or modify multimedia content such as images, audio, and video. But as time goes by, Humans.AI’s ambitions gradually develop, and its core vision is to make AI-type NFTs eventually become digital extensions of humans, or even replace humans, achieving digital immortality.

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Swarm AI refers to a collective intelligence system in which each AI model works together to solve complex problems. HyperCycle is a network platform that uses blockchain technology to realize safe and efficient transactions between AI machines. It allows different AI algorithm models to collaborate with each other to form a global intelligent brain. With HyperCycle, AI algorithm models that were originally independent of each other and had single functions can cooperate with each other to execute complex intelligent algorithm processes internally, thereby achieving qualitative changes.

The effect of quantitative changes causing qualitative changes has been verified over and over again in AI algorithm models. In the transition process from GPT1 to GPT4, the real iteration is the change in parameter quantity, which allows GPT4 to produce intelligence that is difficult for researchers to explain. . If we are more ambitious and bring together large and small models such as GPT, BingChat, midjourney, and even Wen Xinyiyan, it is no exaggeration to say that AI intelligence will rise to a new level in a short time. .

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As the latest work of AladdinDAO, the f(x) protocol decomposes ETH into two new derivative tokens: fETH and xETH. fETH is a low-beta near-stable currency that has little price fluctuations and does not rely on the risk of centralization, which can effectively meet the needs of decentralized finance (DeFi).

xETH is a high-beta leveraged long-term ETH perpetual contract that can provide a powerful decentralized on-chain trading tool. Both tokens are issued and redeemed entirely based on ETH as collateral, thus maintaining the decentralized and native nature of Ethereum.

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On May 17, Origin DeFi launched Origin Ether (OETH), an innovative yield token that utilizes leading LSD as collateral. The core function of the Origin Protocol is to mint the income stable currency OUSD and the gain-type Ethereum derivative OETH with one click. The protocol uses different strategy combinations to increase income. The ve model is adopted in governance, and the parameters of all aspects of the protocol are managed by OGV (Protocol Governance Token) pledgers.

mechanism

The two derivative tokens OUSD and OETH are the core products of the Origin Protocol. Their biggest feature is to provide holders with the highest possible returns while maintaining a 1:1 anchor with the original token. Among them, OUSD is supported by USDT, USDC, and DAI on a 1:1 basis, so the price of 1 unit of OUSD is always close to 1 US dollar. Similarly, OETH is backed by ETH and liquid pledged derivatives (such as stETH, rETH and sfrxETH) on a 1:1 basis, so the price of one unit of OETH is always close to one unit of ETH.

Domo, the founder of Brc-20, introduced himself on Twitter: "Terminally on-chain || Dune wizard || Alf bot || Crypto trad payments leader".

Brc-20 is the experimental alternative token standard for Bitcoin proposed by him based on the Ordinals protocol. In fact, it is practicing what he said - to be truly decentralized and to be the leader in crypto trade payments.

As the popularity of BRC-20 in the market gradually increases, more and more encryption researchers have also turned their attention to this field. We at Go2Mars Research also published the first original popular science article on the brc-20 protocol on April 28, 2023: "Bitcoin NFT?" Ordinals Protocol and BRC-20》.