According to the latest reward distribution tweet released by EtherFi, there are 2,478,088 $EIGEN
in the first batch of re-staking reward distribution, plus 500K ETHFI available for claiming. ezETH stakers received 593,727.31 EIGEN, while weETH stakers received 2,478,088 EIGEN. On the surface, it appears that $weETH stakers received 4.17 times the reward. However, considering the TVL for unit returns, let’s do the math.
According to the calculations, the reward per unit of weETH is 1.33 EIGEN, while the reward per unit of $ezETH is 1.93 EIGEN. Therefore, ezETH users' unit rewards are 1.45 times that of weETH users. Thus, while the total reward amount for EtherFi looks substantial, the actual returns are not as satisfactory.
Exploring Renzo: The Secret to Standing Out in AVS Rewards
Everyone's pig trotter rice or seafood buffet is a guaranteed profit.
For this round of EigenLayer rewards, Renzo was the first (and even exclusive) to announce distribution data and execute distributions. Let's take a look at the data: From August 15 to October 8, 2023, ezETH generated 769.01 ETH (593,727.31 EIGEN) in rewards through re-staking. ezEIGEN generated 1,731.05 EIGEN in just one week from October 1 to October 8
From August 15 to October 8, 2023, users earned over $2 million in re-staking rewards through EigenLayer, and these rewards were directly credited to users' accounts through the automatic compound interest mechanism. Meanwhile, the price of ezETH surged from 1.0224 to 1.0242, currently trading at a premium of 0.043%. Over $2 million in re-staking rewards have been distributed and continuously compounded, showcasing Renzo's efficiency and advantages in acquiring and distributing Eigen rewards. These rewards are directly allocated to user accounts through Renzo's automatic compound interest mechanism, eliminating the need for manual claiming, greatly enhancing the participation experience.
After October, the price trend of $ENA showed a clear upward trend, and this positive change can be strongly supported by the performance of trading volume and Median APY. First, trading volume began to increase gradually in October, indicating that market activity has increased and more investors have begun to pay attention to ENA again and participate in its transactions. The increase in trading volume often means that the market's interest and confidence in assets are increasing, which provides strong support for the rebound in ENA prices. In addition, Median APY also showed signs of recovery during this period. The increase in Median APY means that the yield of staking ENA has increased, which has attracted more users to participate in staking and investment, further enhancing the market's demand and trust in ENA. Combined with the increase in trading volume and the rise in Median APY, it can be inferred that the upward trend of ENA prices is based on the recovery of market confidence and wider user participation. These factors have jointly promoted the positive trend of ENA after October and laid a solid foundation for future growth.
Ethena bridges traditional financial assets through strategic partnership with Blackrock and Securitize
The project is well-known and I don't think it needs any introduction. Let's talk about Ethena today. In recent years, with the widespread use of cryptocurrencies, the demand for stablecoins has also been growing, becoming an important part of the entire financial ecosystem. However, most stablecoins currently still rely on the traditional banking system, which not only exposes them to centralized custody risks, but also exposes a series of problems such as compliance and transparency.
Ethena's vision was born to solve these problems. It is committed to creating a truly independent financial system through innovative products and providing users with safer and more efficient financial tools.
$ezEIGEN — A revolutionary solution for DeFi re-staking
01 The power of simplicity Today I want to discuss with you a skill point that is rarely valued in the DeFi world: simplifying operations and improving user experience. To better understand this, let me start with an example from our daily life, that is, the graphical user interface (GUI). The significance of the GUI revolution Let me tell you an experience that reveals my age - my family's first computer, if you want to play the game "Legend of Sword and Fairy" installed in it when your parents are not at home, you need to memorize a long string of characters to enter the subdirectory of the root directory... Imagine if we still need to enter a lot of command line codes when using computers today, how many people can use them easily? How many years later will AI, which makes people's lives easier and more interesting (and also poses major challenges to the scientific world), appear? Fortunately, in the 1980s, companies such as Xerox and Apple introduced the graphical user interface (GUI), which simplified the way users interact with computers through icons and mouse operations, allowing ordinary people to use computers without mastering complex commands. It is the introduction of GUI that makes computer operation more intuitive and simpler, and it is no longer just a tool for professionals. The emergence of GUI not only lowered the threshold for computer use, but also brought prosperity to the computer industry and greatly improved productivity. This huge economic benefit achieved by simplifying operations is an important force in promoting the popularization of technology.
Renzo launches $ezUSDC, a new tool for Solana gold rush
The fourth Breakpoint Conference was held in Singapore from September 20 to 21, Beijing time. As the largest and most influential conference in the Solana ecosystem, this event brought together in-depth discussions on values, future directions, and wealth codes. During this period, Renzo, together with Jito and Circle (the issuer of USDC), solemnly announced the launch of $ezUSDC on Solana, marking a new progress in the ecosystem.
$ezUSDC is a restaked version of USDC launched by Renzo, which means that users can re-stake USDC to earn returns on the Jito platform.
EtherVista is the new platform that is expected to become the leader of DEX. EtherVista's advantage lies in its innovative decentralized exchange model. By introducing a fee mechanism based on ETH payment and Euler sequence reward distribution, it encourages long-term investment and avoids short-term speculation. At the same time, it prevents developers from withdrawing liquidity in advance through a lock-up mechanism to ensure the stability of the project. The platform also provides personalized token metadata display and SuperChat real-time chat function to enhance transparency and user interaction. In addition, EtherVista's token $VISTA adopts a deflation model, burning tokens as transactions occur, thereby driving the continued growth of token prices.
After Pump.fun and EtherVista, f(A.I.)r Launch iterates on fair launch platform
1. Traditional token issuance usually allows project parties and early investors to obtain a large number of tokens at very low prices, which leads to the concentration of market power and puts ordinary investors at a disadvantage. This asymmetric distribution method not only violates the original intention of decentralization, but also leads to the weakening of community trust. As the community's dissatisfaction with the traditional token issuance method gradually intensified, the MEME community with anti-VC as its core emerged. These communities have strong cohesion and independence. They oppose the control of large capital and advocate fair launch. These MEME communities not only focus on the spirit of decentralization, but also re-establish the concept of fair launch through strong community cohesion. In this atmosphere, more and more people are beginning to realize that fair launch can be a means to change the status quo of the crypto market and allow more people to enjoy market benefits.
It’s not Crypto+AI, but Tora, which makes AI truly decentralized, is here
ORA is a decentralized AI platform that aims to bring AI and computing power of any scale to the blockchain. This means that developers can not only build smart contracts on the blockchain, but also use richer data sources and AI technology to achieve more complex and innovative applications. ORA's technology has been trusted by many well-known blockchain projects, such as Compound, Ethereum Foundation, Uniswap and Optimism.
ORA provides a series of advanced research results and products, making AI computing on the chain a reality. These include:
zkML (zero-knowledge machine learning): This is a cryptographic method that enables machine learning to be performed on the blockchain and provide trusted computational results. ORA improves the performance of on-chain machine learning through its zkML library Keras2Circom.
The essence of science is modeling Neil Gershenfeld, a physicist and director of the Center for Bits and Atoms at MIT, believes that "science is the search for truth" is a misunderstanding of science. The true meaning of science should be the creation and testing of models. Creating and testing models is not about declaring truth, but a never-ending process of exploration and improvement. This spirit also applies to the expansion of the Bitcoin ecosystem. Although Bitcoin has laid the foundation for decentralized digital currency, its inherent limitations have prevented it from fully meeting the growing needs of users and developers. Enhancing Bitcoin's infrastructure is essential to ensure that it remains competitive and can support a wider range of applications. 0xVM attempts to help expand the Bitcoin ecosystem by introducing a Turing-complete virtual machine that runs directly within the Bitcoin consensus layer. This innovative approach extends Bitcoin's functionality beyond simple transactions, enabling it to support complex decentralized applications (DApps) while maintaining the core principles of security and decentralization. This is the embodiment of the spirit of creating and testing models in science in this field, especially the developers and supporters of the 0xVM verification node, who have concentrated on demonstrating this spirit of exploration. We will share the 0xVM verification node in detail later.
Positive-sum game: the possibility of win-win in DeFi
The so-called zero-sum game refers to the situation in which, in a certain interaction, the gain of one party is exactly equal to the loss of the other party, that is, the sum of the gains and losses of both parties is exactly offset. More precisely, the sum is always zero during the interaction between the two parties. In traditional financial markets, hedge funds and small investors often compete in the same market. When hedge funds use large amounts of funds and complex trading strategies (such as high-frequency trading and leverage) to make profits, the gains of hedge funds often mean the losses of small investors. The value in the market does not increase, but is transferred from one participant to another, so it is a typical zero-sum game. Non-zero-sum games are when the interaction of the two parties produces a net gain (positive sum) or loss (negative sum).
Staking amount/TVL=100%! The first phase of the trustless artificial intelligence ORA staking activity has come to a successful conclusion
"They were selling hanging postcards They painted their passports brown The beauty salon was packed with sailors The circus is coming to town
—Bob Dylan, "Desolate Street"
As human experience accumulates, we continue to develop new models to help us understand and explain the world. These models are like frameworks for thinking, simplifying and organizing information, thereby promoting the generation of wisdom. However, while models help us understand the world, they may also trap us in inherent thinking patterns, limit our vision, and cause us to miss opportunities to innovate and improve the world. Dopamine is a neurotransmitter associated with motivation and reward. It plays an important role in stimulating innovation and creativity, that is, the "fist" that breaks the "model" and inherent thinking.
Exploring the Evolution of Web3 User Incentives: How Does ZetaChain’s RFP Program Stand Out?
The development of user incentives in Web3 has evolved from tokens, whitelists, Credentials to task platform points and then to project points. In the first few years, tokens were often used to incentivize growth or loyalty of participants, obtain value, or provide various types of core product utilities. Common token gameplay focuses on one-time retroactive airdrops to incentivize participation and reward early users (such as Uniswap, ENS); to continuous liquidity mining projects that reward users for performing certain actions (such as LooksRare, Compound).
AI track fire seed ORA incentive plan unlocks, staking and other ways to participate in the airdrop
The current crypto bull market cycle seems boring in terms of business innovation, lacking eye-catching innovations like the previous round of phenomenal tracks such as DeFi, NFT, and GameFi. This situation has led to the lack of obvious hot spots in the overall market, and the growth of users, industrial investment and developers has also appeared weak. However, AI, as a newer crypto business category in this round, is benefiting from the explosive development speed and continuous hot spots in the external business world, and is expected to bring significant attention growth to AI track projects in the crypto world.
We know that the combination of AI and blockchain technology has great potential in data privacy, security, and decentralized computing. AI enhances user experience, smart contract functionality, and automation capabilities, while blockchain provides a permissionless, trustless settlement layer for AI, driving the development of innovative applications such as decentralized computing systems and AI agents. Despite the challenges of limited computing power and high costs, this synergy is driving new innovations and paving the way for widespread applications and functional enhancements in both fields.
In order to predict the price of the ZRO token when it is launched, we need to find the following data: expected FDV (full release value) and total supply of tokens. The total supply of ZRO tokens is 1 billion, so the price of ZRO when it is launched can be calculated by dividing FDV by total supply.
[Estimation method] Reference $STRK
and $W
STRK : Raised: $282 million Valuation: $8 billion Launch FDV: $28 billion W Raised: $225 million Valuation: $2.5 billion Launch FDV: $17 billion ZRO: Raised: $263 million Valuation: $3 billion Launch FDV: To be estimated
By comparison, we can see that: STRK's FDV is 3.5 times its valuation. W's issue price is 6.5 times its valuation.
Considering how bad the current market conditions are, we think it is reasonable for ZRO's FDV to be at least 2-3 times its $3 billion valuation, which means that ZRO's FDV could be between $6 billion and $9 billion.
【Price Prediction】 Based on the above analysis, we can predict the price of ZRO when it goes online: $6 billion FDV = $6 $7 billion FDV = $7 $8 billion FDV = $8 $9 billion FDV = $9
Based on the above predictions, we can formulate the following investment strategy: If the FDV is $5 billion or less, I will buy more. I will consider partial profit taking when the FDV reaches around $8 billion. When the FDV is between $15 billion and $20 billion, I will sell completely.
【Buy and sell strategy】 $5 or below: Buy $8: Partially take profit $15 to $20: Sell completely
The above analysis is compiled from the tweet of Twitter user @Axel_bitblaze69 for reference.
Holders and those who are waiting for $SHIB , look here!
Market signals tell you whether to buy or sell
Investment logic and K-line
Purchases by whales: According to the monitoring data of Lookonchain and Spot On Chain, several whales have purchased SHIB in large amounts in the past few days, which shows the market's confidence in the future rise of SHIB. In addition, Binance trading data also shows that the 5-day main net inflow of $SHIB is as high as 712,254,834,418.00.
The power of Meme economy: The reason why Meme coins can thrive in the market is precisely because of the huge community power and unique cultural identity behind them. As the representative of Meme coins, SHIB's market potential cannot be ignored. The investment logic of Meme coins is different from traditional cryptocurrencies, and it pays more attention to social communication and community consensus, which makes its position in the market unique and durable.
Market depth and liquidity: According to FalconX's report, SHIB's market depth and liquidity are among the best among meme coins. Even in the case of large market fluctuations, SHIB still maintains a high trading volume and market depth, which provides a strong guarantee for its future price stability.
Investor psychology: For many small retail investors, meme coins provide a low-cost, high-return investment opportunity. Although Bitcoin and Ethereum are relatively more stable, the investment returns of meme coins are often more significant.
Mainstream recognition: Although the market heat and capital inflows of the meme sector on Base and Solana are quite eye-catching, given Binance's dominant position in market depth, from the perspective of Binance's listing of coins, there are only a few meme leaders or those who can continue to exert their strength.
Finally, let's take a look at the K-line
The classic textbook bottom figure is at a perfect bottom: 1. After the price hits a new low, the K-line gradually shrinks, the fluctuation is not large, and even flattens out. 2. The K-line is small and small, the volume is also shrinking, and buying and selling tend to be balanced. 3. The market sentiment is cold, the indicators are invalid, and no one talks about it. 4. The lowest price appears here, strong strength appears, bottom support, jump over the stream. These are all the results of the game between buyers and sellers. When everyone is tired and confused, the extreme of human nature has arrived. Buy when no one cares, and sell when the crowd is bustling.
A beginner's guide to the world of Crypto: Enter the industry, buy BNB, and win easily
With the rapid development of blockchain technology and cryptocurrency, the investment properties of Crypto have been more widely recognized, and more and more people are beginning to get involved in the world of Crypto. For beginners, this emerging field is full of opportunities and challenges. Binance's host #StartInvestingInCrypto essay contest is an attempt to provide a comprehensive guide for beginners, especially those who come for investment, to help them smoothly enter this exciting industry and achieve their goals of making money and growing in it.
1. Choose a Trustworthy Cryptocurrency Exchange
When entering the world of Web3 and cryptocurrencies, it is crucial to choose a secure and trustworthy exchange.
I'm late. $AR is rising too fast. I can't keep up with writing (it rose 6 or 7 points when I started writing, and it was already 9 points before I posted)
AO, a hyperparallel computing network based on Arweave, released its new token model, which attracted widespread attention. This announcement not only revealed the specific issuance and distribution methods of $AO tokens, but also brought new growth points to the demand for $AR tokens.
1. Release of a new token model AO officially announced that $AO will be issued in a 100% fair launch, and all tokens will be minted through three methods: bridging with AO, holding $AR tokens, or participating in network construction. This means that holding $AR tokens has become one of the necessary conditions for obtaining $AO tokens. In order to participate in the fair launch and acquisition of $AO tokens, investors will purchase and hold a large number of $AR tokens, which directly pushes up the demand for $AR .
2. Support of decentralized storage network As a decentralized storage network, Arweave aims to provide a permanent storage platform for data. Its unique "permanent network" (Permaweb) has attracted a large number of community-driven applications and platforms. With the release and development of the AO network, more Arweave-based applications will be generated, further enhancing the importance of $AR as an infrastructure token. The frequency of use and demand for $AR tokens will naturally increase.
3. Promotion of the new narrative of AI + Web3 Currently, the number of AI + Web3 concept projects has exceeded hundreds, covering multiple fields such as infrastructure, data, and computing power. Top institutions such as a16z and Binance have also begun to lay out this track, indicating that AI + Web3 will run through this round of bull market. As an AI infrastructure concept, $AR will naturally benefit from the promotion of this narrative. In this wave of emerging technologies, Arweave's advantages of data persistence and immutability have won it more market recognition.
4. Management and token issuance mechanism of non-profit organizations The issuance and management of $AO will be the responsibility of the new non-profit organization, ensuring the transparency and fairness of the token model. At the same time, the total amount of $AO tokens is set at 21 million, and the mechanism of halving every four years increases the scarcity and value of the tokens. This mechanism not only stimulates the market's interest in $AO, but also indirectly increases the demand for $AR .
5. Demand for centralized exchanges and contract processing solutions In order to obtain $AO, investors need to withdraw $AR from centralized exchanges or contracts to Arweave wallets. In this process, many investors will make a large number of $AR purchases and transfers, further pushing up the market demand for $AR .
In the long run, the market performance of $AR is expected to continue to rise. Those who like to do contracts can also wait for the market to digest the retracement after the good news.
From Token to PointFi: Continuous Optimization and Exploration of Web3 User Incentives
In the Web3 field, adding financial attributes to various tracks (such as SocialFi, GameFi, NFTFi, ArtFi, etc.) is mainly to leverage the advantages of blockchain technology and decentralized finance, promote assetization, incentive mechanisms, financing, liquidity and autonomy, and give these tracks new economic models and application scenarios.
The development of user incentives in Web3 has evolved from tokens, whitelists, Credentials to task platform points and then to project party's own points. In the first few years, tokens were often used to motivate participants' growth or loyalty, obtain value, or provide various types of core product utilities. Common token gameplay focuses on one-time retroactive airdrops to incentivize participation and reward early users (such as Uniswap, ENS); to continuous liquidity mining projects that reward users for performing certain actions (such as LooksRare, Compound). At the end of NFT Summer, in order to screen out "family members" who are willing to contribute to the community and grow with the community, whitelist became popular. However, the term "whitelist" eventually became a stable low-cost arbitrage tool and a bargaining chip for over-hyping by the project party. Finally, with the arrival of the bear market, the NFT market was left in a mess. The explosion of task platforms and the explosion of the SBT concept have made Web3's incentives iterate again. Countless on-chain and off-chain behaviors have been transformed into certificates and retained in the virtual space of each wallet. If these certificates cannot be used well, they will eventually become snowflake-like cyber signals.
Today, Mt. Gox's transfer activity caused panic in the market. If you add it up yourself, you will know that a total of 141,658 BTC were transferred to an unknown wallet (this number is not a coincidence, so it is reassuring, why do I say it later) This event occurred before the creditor's repayment deadline (October 31), which made many investors worried.
Combining existing information and past news, I don't think this transfer is worth worrying about. Because the number of bitcoins transferred is consistent with the balance sheet data reported by Mt. Gox in 2019, including 142,000 BTC, 143,000 BCH, and 69 billion yen. This shows that the transfer is likely to be in preparation for the upcoming debt repayment.
Although the market will experience some selling pressure due to this news, I regard any related fear, uncertainty and doubt (FUD) as a reliable accumulation opportunity. Most people who invested in BTC ten years ago were based on their belief in its prospects and curiosity about technology, rather than pure speculation. Over the past decade, the development of BTC and the cryptocurrency world has been obvious to all. For these early investors, it is far more likely to continue holding Bitcoin than to sell it.
In general, although the transfer of Mt. Gox caused market fluctuations, this incident is more like a normal step in the debt repayment arrangement. We should look at this change rationally and regard it as part of the market adjustment rather than a reason for panic.