Getting started with Web3, DeFi is the first stop. A shortcut to learning DeFi can begin with three key terms: Staking/Re-Staking; Funding Rate; Delta Neutral; understanding these three terms will allow you to comprehend more than half of DeFi projects. $GMX $JUP $ENA #defi #BTC走势分析 #Eth #solana

Today I scanned the DePIN track again. At present, DePIN mainly focuses on computing power, data (storage, computing), network/bandwidth and other fields.

Solana has become the preferred public chain for many DePIN projects. The main reasons are: ① performance advantage; ② strong ecosystem - innovative projects and new concepts emerge in an endless stream; ③ cost advantage.

In essence, DePIN is to effectively match the supply and demand of resources in the form of a shared economy through resource crowdsourcing. Therefore, projects that can help improve the effective matching of supply and demand of scarce resources are more valuable. The development of blockchain requires DePIN, because tokenization needs to be combined with the real physical world. But if DePIN wants to be more popular, the problem is not on the supply side but how to open up demand.

Like many Web3 projects, for DePIN, tokenization alone is not enough. The biggest problem with Depin at present is that it is a dispensable thing, not a rigid demand. How to make DePIN have the attribute of "rigid demand" will be a core challenge for the development of Depin. #Solana #DePIN $IO $IOTX $RENDER

@binance Eco Finance

1⃣ If a user deposits 1000 USDC on @VenusProtocol , the current Supply APY is 6.24%. If the user holds Prime tokens (staking 1K XVS for more than 90 days), and deposits 1000U, the current Supply APY is 14.59%. This situation involves holding XVS, so it will also face fluctuations in the price of XVS, which is the most critical consideration. If the user deposits 10 BNB, the current Supply APY on Venus is 0.51%.

2⃣ If a user flash exchanges and stakes 1000 USDT on @ListaDAO , the annualized return is 17.14%. It is important to note that 8.51% of this is the LISTA token emission reward, and 8.62% is the interest on lisUSD savings. If the user locks and stakes the acquired LISTA tokens, they can also obtain a corresponding compound locking annualized return rate (currently 52.94%). If the user deposits 10 BNB, the current comprehensive return rate is 39.25%, mainly from two parts of the income: Launch Pool returns (38.17%) + Liquidity staking returns (1.08%).

3⃣ The slisBNB on ListaDAO can be deposited into @Astherus, where users can earn Launch Pool returns while also getting a 5x AU multiplier (for future project token issuance). On Astherus, users can also place USDT in the ALP pool for an annualized return of 19.42% and receive a 1x AU multiplier. Of course, users can also mint USDT into USDF (the stablecoin on Astherus) and stake it as asUSDF, currently with an APY of 4.1%, while obtaining a 10x AU Multiplier. $BNB $XVS $LISTA #BNB #defi

The Solana ecosystem has recently introduced a number of yield aggregators or on-chain fund projects. These yield aggregators either seek out high-yield Vaults within DeFi protocols to help users make reasonable capital allocations, or they assist users in earning returns through quantitative strategies. In traditional finance, public and private funds are doing the same thing. DeFi is now expanding into this field, which is a sign of DeFi gradually maturing. For most crypto users, it is better to look for yield aggregators for more stable financial management than to purely speculate on coins.

Yield is a common concern for everyone, but beyond yield, on-chain asset management users are more concerned about: ① the security and transparency of assets; ② the professionalism and reliability of the project team and Vault creators.

Not just Solana, other public chain ecosystems will also see an increasing number of on-chain asset management projects. #solana #BTC走势分析 #bnb #eth

A quick look on Rootdata shows that there are 1,116 projects with the NFT tag, including NFTFi, trading markets, NFT aggregators, NFT lending, NFT collectibles, NFT fragmentation, NFT derivatives, etc. There are about 373 projects on the Ethereum chain and 76 projects on the Solana chain. Most NFT projects were born in the last bull market.

There are 262 projects with the MEME tag, about 45 on the Ethereum chain and 97 on the Solana chain. Most MEME projects were born in this bull market.

Compared with the last bull market, NFT projects on the Ethereum chain have an absolute advantage. In this bull market, the MEME projects on the Solana chain do not seem to be much more than those on the Ethereum chain, but there is no doubt that Solana is the main battlefield for MEME in this bull market.

Now everyone is keen on discussing whether Solana will replace Ethereum. My view is: in each bull market, if a public chain can attract many participants with enthusiastic speculative opportunities, then this public chain will be the star of the bull market. The last bull market was Ethereum, this bull market is Solana, so which one will be the next bull market? It's a topic full of imagination. #meme板块关注热点 #NFT #solana #Ethereum

Bitcoin is increasingly being discussed as part of national strategic reserves, and more and more large companies are joining the ranks of Bitcoin purchasers. In this context, what will happen to the Bitcoin ecosystem? The development of an ecosystem requires the participation of numerous players. If Bitcoin becomes more concentrated in the hands of states, companies, and institutions, this may not be absolutely beneficial for the overall development of the ecosystem.

The emergence of inscriptions has sparked enthusiasm among people in the Crypto circle for a while, but the sustainability is low and it has not brought in new users. The current development of the Bitcoin ecosystem is still in its early stages. If the construction of the Bitcoin ecosystem is to reference the experiences of Ethereum's ecosystem development, then after the transition from a bull market to a bear market, the Bitcoin ecosystem will have a good opportunity for construction. The Bitcoin ecosystem will have new narratives, but timing is very important. #BTC

The surge of BTC has made many people start to pay attention to and want to participate in cryptocurrency. My view is: the best way to engage in Crypto is to first understand the underlying technology and core spirit of Blockchain rather than just trading coins. Once you have a certain level of understanding of Crypto and have developed your independent thinking and judgment, it is not too late to try. Purely trading coins is more like speculation or gambling; similar to stock trading, because of a lack of understanding or not investing effort in research, most people's outcome is losing money. I do not recommend entering Crypto with a speculative or gambling mindset. If you want to get into Crypto, you can start by learning about DeFi, as this is the most core track. Once you understand how DeFi operates, the returns from participating in protocols are more stable and sustainable than just trading coins. I emphasize once again: do not approach a new thing with a speculative or gambling mindset; continuous understanding and learning are very important. #BTC

Trump is back, the bull market continues, but not everyone can make money. The differentiation in this round of the bull market is too obvious; what kind of mindset should one maintain to stay at the table? Stay calm, keep learning. #特朗普就职后行情怎么走？ $BTC

The logic of the market has changed, and those strong consistency expectations may not come true. The speed of preemption will become faster and faster. Let us wait and see whether this is the case. #美联储何时降息？ #BTC☀ $BTC

On June 24, I said that the bearish sentiment outweighed the bullish sentiment. There was a cry of grief in the market yesterday, and the whole market was like a frightened bird. It's not that I have a strong foresight. I am just an ordinary person who is learning new technologies. The reason why I was bearish at that time was that I saw some details that are easy to be overlooked from many phenomena. In addition, the gambling nature of the entire market is getting bigger and bigger. As for gamblers, from my own observation, few people walk out of the casino with a smile. Gamblers always have to go through a cycle of "tasting a little sweetness-emotional excitement-being harvested-physically and mentally exhausted-swearing not to step into the casino again-calming down for a while-unwilling-unable to control their hands-re-entering the game". It is self-evident when to buy at the bottom. #加密市场反弹 #BTC走势分析 #美联储何时降息？ $BTC $ETH

There is nothing much to say about the market during this period. The bearish sentiment is greater than the bullish sentiment. You can take advantage of this period to take a good rest. Don't worry, there will be opportunities for you to buy at the bottom in the currency circle.

It happened that I met some rich people by chance these two days. Let's talk about how to become rich. There is a saying that ordinary people become rich by having a good relationship with money. The usual paths may be as follows:

1. Good luck, seize a big opportunity given to you by God;

2. Inherit money from your parents;

3. Get to know powerful senior executives or follow a rich and powerful boss.

But since the above-mentioned paths are fate, it means that they are unattainable.

The most common path is basically to work hard to become an executive, start a business to become a boss, save money, spend time and energy to study investment and financial management, and slowly become rich.

I think that slowly becoming rich is the shortcut for ordinary people to become rich. So when you want to become a rich person, you can take the initiative to optimize this shortcut in terms of methods and techniques (such as spending more time and energy to quickly become a senior executive or research investment and financial management), rather than always thinking about how to get rich overnight.

As a guest speaker, I attended a Web2 entrepreneur gathering two days ago and shared my views on Crypto:

1. Decentralization and transparency are the core spirit of Crypto. Decentralization represents security and prevention of monopoly evil. Transparency refers to transparency of behavior, not transparency of privacy.

2. Token economy is the core attribute of Crypto. Understanding Crypto from the perspective of assets is more in line with the current situation.

3. The representative manifestation of the last bull market and this bull market is still innovation at the level of asset liquidity.

4. The core narrative of this bull market is: BTC+MEME. BTC = safe-haven assets + financial experiments of new intelligent human society; MEME = the value embodiment of democratic system reform in a turbulent world.

5. The dividends of the currency circle: Steady money is more lasting than gambling. Hoarding coins - the stupidest behavior is the smartest way to make money; investing in asset allocation teams - it is better to leave professional matters to professionals than blindly investing.

6. Crypto is not a field where you can pick up money everywhere. If you think you can pick up money, you are likely to pick up shit.

7. Don’t get involved in Crypto with a gambler’s mentality—few people can earn Alpha returns.

8. Don’t easily believe what others say about investment and money-making opportunities—don’t trust people who are suspicious, and don’t doubt people who are trustworthy.

9. Don’t easily invest in primary projects, especially projects that cut leeks—you will have to pay back sooner or later.

10. Don’t be FOMO—there are always opportunities in the cryptocurrency circle.

11. The last point: in a field full of asset speculation/investment temptations, you must have a positive mind and a bottom line. Compared with this point, the above points are not important. #Crypto🚀🚀#BTC☀ $BTC $ETH $BNB

Recent Thoughts (3)

How to View MEME

I have to admit that I was biased against MEME until recently. This bias came from the fact that MEME is always driven by emotional hype, and from the fact that I did not believe in or had not deeply felt the power of "belief". But to be a qualified investor, I have always believed that I should let go of my ego, so from the exchanges with several friends and the learning I have done some time ago, I have slowly corrected my bias.

I believe that in Web3 or blockchain, what exists is reasonable. Just like what I said before, "believe and maintain what you believe in", in a world that advocates decentralization, I think this is a spiritual core, and MEME is in line with this spiritual core. So it is indeed impossible to view MEME with the traditional Web2 investment logic.

So what kind of MEME would I approve of? First, I would look at the narrative support behind the emotion - whether it is a vision of greater revolutionary change that wins the consensus of more people; second, whether there are positive externalities and the possibility of helping to solve some problems that exist in real life in this world. #memecoin🚀🚀🚀 $PEPE $SHIB $DOGE

Recent Thoughts (2)

What do you think of TGbot

TGBot is a third-party application running in Telegram. It is backed by a huge social ecosystem like Telegram, but its main function is to integrate with different chains. It is the most commonly used tool for users who like to hunt for local dogs and snipe new coins. This group of people certainly has a great influence in Web3. After all, one of the core values ​​of this industry is that it provides many potential investment/speculation opportunities. It may indeed be a profitable industry because it is related to transactions, but I think that if we regard Web3 or blockchain as a long-term development industry, just as some people always like to compare it to the Internet in the 1990s, if there is only transactions, then I believe it will not really help mass adoption.

Recent Thoughts (1)

What do you think of Web3 or blockchain?

The answer to this question is actually thousands of people ahead of me. My view on Web3 or blockchain is that one person or a group of people "sells" an idea or vision and raises funds from the public. Those who agree and participate are rewarded with tokens. In order to make the tokens effective or circulate, they are given financial attributes. In simple terms, it is a consensus of a group of people covered with a financial coat, and then they continue to look for utility scenarios that tokens can empower.

The butt determines the head. Everyone has different motivations for entering this field. Some people regard Web3 or blockchain as an innovative force for social change, while others simply regard Web3 or blockchain as a casino. But no matter what the motivation is, in Web3 and blockchain, believe in and maintain what you believe in. This is the essential difference between Web3 and traditional Internet.

Can TG bot be a separate track in Web3? In my opinion, it cannot. If it is to be a separate track, three specific conditions are required: ① This track solves the real problems of blockchain; ② This track helps blockchain Web3 mass adoption; ③ This track has a sufficiently differentiated narrative.

1⃣ From condition ①, TG bot does not solve the real problems of blockchain such as expansion, privacy and security.

2⃣ From condition ②, the emergence of TG bot's subdivision field helps the prosperity of Ton ecology, but it has limited help in increasing Web3 mass adoption. Who will use TG bot from the beginning among new users?🤔

3⃣ From condition ③, TG bot does not have a sufficiently differentiated narrative.

In summary, I think the existence of TG bot is due to the need for the prosperity of Ton ecology, so the development prospects of TG bot are very dependent on the development of Ton. Of course, there will be a view that TG bot can be expanded to channels similar to Whatsapp and Discord. The question is: Is a field that relies heavily on channels worth investing in? 🧐

Even though TG bot has a low market entry threshold and is easy to be imitated and copied, and there is a serious homogeneity phenomenon between projects. However, many of the existing users of Web3 need TG bot to trade, brush airdrops, snipe new coins, follow orders, monitor wallet addresses, and issue price warnings. Therefore, there must be many projects in the TG bot segment. But from the perspective of VC investment, TG bot may not be one of the many good choices.

In the past few years of investment, while improving my investment analysis professional ability, I have also been constantly thinking and summarizing how to view investment and investor identity.

The following is a summary of my feelings in the past few years:

About investment

- The essence of investment: a cost-benefit ratio calculation system, ROI>1. Venture capital = human certainty + uncertainty of things, pay for the uncertainty of things, not for the uncertainty of people.

- The bottom line of investment: don't lose money, don't lose money, don't lose money-investment is most taboo based on feelings (unless it is a talented player), based on human feelings and emotions.

- Investment skills: whether a person's investment ability is strong or not lies in observing whether his ability to weigh is strong or not. Investment skills are the skills of weighing.

About the identity of investors

- Self-drive and independent thinking are the basic color of being an investor.

- Investors never put themselves in the position of workers to look at problems and do things. Workers do things to complete something, and investors do things to accomplish something.

- Efficiency and purposefulness are the most basic manifestations of a qualified investor.

- Investors attach great importance to the identity of "investors": self-confidence and respect for reputation.

- Ability that a qualified investor should have: first, focus, second, let go of ego, third, patience, and finally, the ability to grasp the cycle. #投资者教育 #投资日记📓

I have looked at a lot of projects in different fields in the past two days, and I found that there are too many reinventing the wheel in the blockchain. To give a simple example, there is a lending protocol on Ethereum, and other public chains must also have their own lending protocols. This logic is fine in a so-called decentralized and tokenized world. After all, each blockchain must have its own ecosystem to demonstrate the spirit of decentralization, and it also needs a variety of tokens to make the ecosystem prosperous and active. But the disadvantages are obvious. Many innovations are not based on doing better than competitors, but spending resources on duplicate construction. From this perspective, blockchain practitioners should do more to improve the efficiency of human, capital and other resources. #BTC走势分析 #BTC

Some time ago, I watched the sixth game between the Los Angeles Clippers and the Dallas Mavericks. Although I am a fan of George, Leonard, Harden, and Westbrook, the Dallas Mavericks won the game in the end. Why did the Mavericks win? I think there are two core reasons:

① Youth, youth is capital, which is a simple fact in sports.

② Fast offense and defense conversion. When the opponent's ball does not go in, quickly advance, either attack the basket or directly shoot three points, simple, direct, and efficient.

The way is simple, and many experiences and experiences in sports games can be learned and applied to life or work. For example, in the fast-paced encryption industry, community consensus is emphasized, so what is consensus?

My understanding of consensus is like the offense and defense conversion in basketball games. I think it needs to be simple, direct, and efficient. If you are an entrepreneur, you need to clearly and directly express what you want to do, and reflect efficient action and execution. If someone agrees with your vision and actions, they will participate by paying money or spending time. This is consensus.

Therefore, consensus does not need routines or fancy language skills. Simple, direct and efficient expression and action are the fastest way to build consensus.

In the crypto space, MEMECOIN is more influenced by emotions rather than focusing on its fundamentals. I think investing in Meme is a risky behavior. Investors need not only extraordinary courage but also good luck. In my opinion, when investing in Meme, I prefer to: ① look at the narrative support behind the emotions - a bigger vision will win more people's consensus; ② grasp the rhythm of entry and exit. Memecoin is too volatile and needs to learn to stop profit in time.

The most difficult thing to prove about Memecoin is its durability. It represents the active market sentiment in the crypto market, but if the crypto industry is to continue to move forward, then projects or tokens that solve crypto market problems are more meaningful to this field. In my opinion, value investing is to invest in excellent projects and entrepreneurs who can truly solve the authenticity problems in the crypto market.

The best way is to give Meme positive externalities. For example, if a non-profit organization that protects elephants issues an elephant Meme coin, assuming that I am an environmentalist, I will buy Meme coins to become a member of this non-profit organization because I recognize their consensus on protecting elephants. When the price of the Meme coin rises, the charity can set up a fund or sell part of the proceeds as operating and publicity expenses for protecting elephants. Of course, all this needs to ensure the transparency of fund expenditure.

Rather than predicting who will reach the billion-dollar level and who will be the first, let us judge and think about which one will achieve positive externalities first. #Meme代币 #Meme