RWA will be a big narrative, but still 800M TVL is too small for both crypto and traditional financial market. Building RWA is more than building an asset sector, it’s the bridge that connects the traditional and the crypto world.
The growing space is huge, looking forward to
📚DigiFT & HashKey Capital have jointly released a blockbuster RWA report!
➡️Access the report:
In celebration of our significant achievement in obtaining both our CMS & RMO licenses from MAS, we are excited to unveil our 2023 comprehensive RWA Research
#DigiFTResearch
Why is MakerDAO adopting real-world assets (“RWA”)? How DeFi protocols and DAOs are using real-world assets for stability, higher yields, and risk diversification? Find out in our insightful research.👉
#DeFi
#RWA
#tokenization
#regulation
Compared to
@binance
smart chain,
@avalancheavax
's user experience(on chain) is much better, with faster confirmation.
The only drawback is that we need to use Avalanche Wallet, to cross chain to enter Avalanche Platform, but for BSC they have Binance as the gateway.
5/5 In the future, ordinary users still need to give money to pro traders/market makers.
@izumi_Finance
is building new kinds of DeFi on-chain funds to help users grow their assets with the help of professional traders. Currently, in testing, will launch soon.
Finished that piece of paper one week ago. DeFi On-Chain fund will obviously become the next step for asset management.
I've searched for 60+ projects with 22 of them(10+ projects with 20+ products) fit the definition.
user overlap of 6 NFT marketplaces/aggregators
@blur_io
@opensea
@LooksRare
@the_x2y2
@gemxyz
@Uniswap
Data from addresses bought and sold on the platform in the past month.
venn graph shows the overlap and the bar chart below shows the number of users each platform has.
1/ About on-chain U.S treasury bond:
Crypto assets are all highly correlated, even for NFT projects.
Last time I run a
@DuneAnalytics
and found that the average price of top 5 bluechip NFTs are highly correlated with ETH and BTC.
query link:
simply query on
@DuneAnalytics
about the
@solana
exploit. Some rumors were saying that
@Stepnofficial
caused this exploit. But the result is that, among ~8k victim addresses, only ~1k addresses have ever interacted with Stepn system address.
1/4 Thoughts on SF blockchain week:
This week is for builders, with so many projects all around. DeFi space has nothing new, btw
@izumi_Finance
's DL-AMM is still the best AMM model yet.
talking about
@blur_io
today, friends asked why there's so many NFT mktplace. Their thoughts are:
- building a mktplace isn't hard on tech side
- For now users of most NFT mktplace overlap with
@opensea
I run a data two months ago about user overlap👇
user overlap of 6 NFT marketplaces/aggregators
@blur_io
@opensea
@LooksRare
@the_x2y2
@gemxyz
@Uniswap
Data from addresses bought and sold on the platform in the past month.
venn graph shows the overlap and the bar chart below shows the number of users each platform has.
1/10 So excited to assist
@finance_ref
AMM V2 design!
@izumi_Finance
are building the next generation DL-AMM model to better fit on-chain scenarios. Some explanation from my side if it's your first time to hear the new model:
Ref AMM V2 is coming - Discretized Concentrated Liquidity AMM! 🔥
Unlocking capital efficiency for users, for traders, for everyone.
Discover some of the key features⬇️
In the past decade, the financial world has witnessed the meteoric rise of cryptocurrencies from fringe assets to mainstream market movers. This transition has been significantly bolstered by the influx of traditional market funds; a trend epitomized by the pioneering Grayscale's
Found the old research paper by
@GSR_io
Now my gut is that DeFi 2.0 shall be defined as those protocol with organic revenue instead of generating yield through token inflation(which is DeFi 1.0 model)
1/ Last week I put an order on
@1inch
and it didn't get executed even the price reached. Limit orders on
@1inch
need third party bots to trigger and pay the gas fee, thus they need to be profitable for bots.
看到关注的赛道出现一些新东西。之前内部还讨论过几次,LP as investments,比如以一些被动管理策略的 LP,如稳定币交易对,或者 LSD ETH对 ETH 的交易对等,甚至未来国债代币和稳定币的交易对,都是适合用 LP 做被动策略的投资的。
用户可以最多获得三层收益:
1,持有 bond 或是 LSD ETH
1/10 Last time I wrote research about liquidity migration on
@Uniswap
V3 as we observed , that liquidity of large trading pair such as WETH/USDC, moving from 0.3% to 0.05% fee tier, to capture higher trading volume, and thus earn more trading fees
the hacker created a token called fuck bnb token and put liquidity on
@Uniswap
checked on
@GoplusSecurity
this token has mint function and might be a honeypot scan. Be aware.
#scam
#ankr
#bnb
看了一眼 U.S Fed
@federalreserve
最新的对 Tokenization 的报告,有一些惊讶,但个人觉得 Fed 在该报告中的看法有一些不够完整。
首先,Fed 对 asset tokenization,或者我们常说的 RWA(Real world asset),定义非常清晰明了: Tokenization refers to the process of constructing digital
Thank you for joining us at
#TOKEN2049
! It's been an incredible 2 days of connecting with the most brilliant of minds in
#Web3
. Your presence and participation at our booth & side event made this event truly special for us.
We hope you enjoyed the insights, discussions, and the
@MorphoLabs
nice design but one question:
Assets like T-bill tokens/RWA need a whitelist function to meet compliant requirements, and they have demands to be used as collateral for liquidity (tradfi has huge market for repo).
Can Morhpo support assets with whitelist/allowlist?
Regulators are clear, fin tech is to empower the real world economy. If tokenization do make financial transaction more efficient, making it cheaper for resource allocation, then it's a real unstoppable trend. That's what
@DigiFTTech
Stablecoin is the wrapped token of public
A trend to watch. Increasingly regulators are approving new on chain financial products but only allowing well regulated stablecoins as the digital cash instrument.
Saw a lot of ppl saying this is the Lehman moment for crypto, and they lose faith as those crypto giants still run the old playbooks with an even unregulated way.
But on the other hand, this might be a turning point for crypto.
In math we trust, in DeFi we trust.
today I help a dude retrieve 2M from his
@Ledger
, he couldn't open it with ledger live.
He even tried to input recovery phrase to other hot wallet but failed to find his address.
I teach him to directly connect to
@MetaMask
then finally he make it.
1/5The State of JIT
Almost 99% liquidity added in
@Uniswap
V3 WETH/USDC 0.05% pool is JIT liquidity
They're put in 1% price range, and will be removed within 1 block after drawing fee from a large trade, by using MEV bots
Our recap of
@DuneAnalytics
Dunecon well explained JIT.
#Dunecon
Recap 3
Session 4: Data Science On Uniswap V3.
By
@xin__wan
and
@AustinAdams10
, Researchers from
@Uniswap
1, How Uniswap data is generated
2, Using Uniswap data
3, Detecting just-in-time liquidity
@TheBlock__
@NervosNetwork
is the Layer 1 Blockchain optimized for layer 2 solutions. Nervos use a generalized UTXO model to store all kinds of data/code, supporting smart contract to act as crypto court and build trust for all the upper layers
Talked with a former CEX CEO who are building DEX right now about their cost.
They used to have 100 devs taking care about server maintenance and support asset safety issues.
Now they only need 30 ppl as a whole team to deal with everything.
Trading, banking(lending/borrowing) and asset issuance.
Three fundamental things in DeFi world.
DeFi Ecosystem: Primitives and Technology Stack by
@kai27_crypto
@DeFi_Cheetah
@Uniswap
@Balancer
super curious about their limit order. Will they have a design just like
@izumi_Finance
? Put limit order as a LP in a single tick, after get fulfilled, mark it and remove the LP, then need another transaction for trader to receive the money?
10/
@OndoFinance
's OUSG is similar. Now having $105M TVL. They have a lending protocol called
@FluxDeFi
operated by a third party.
And the difference is that
@OndoFinance
is holding
@BlackRock
's T-bill ETF, and they can sell it to both US and non-US accredited investors.
The ultimate question about RWA or OCA is how's the issuance structure. From my perspective, there's two structure: asset-backed structure ( most RWA now, like T-bill tokens are using this structure) and direct issuance model.
RWA are in essential those assets that are staying
RWA Confusing Terms? 🤷♀️
The Only Post You Need to Read to Get Them Right 😉
🏴RWA - Real World Asset
🏴OCA - Off-chain Asset
🏴Tokenization
🏴Tokenized Asset
1⃣At their core, Real World Assets (RWA) and Off-chain Assets (OCA) convey the same fundamental concept: assets that
Always hear people saying that NFT's prices are not correlated with crypto market. Is that real?
So here I give some simple analysis.
data from
@DuneAnalytics
with this year's floor price of top 5 NFTs( in USD/ETH respectively), eth and btc price
2/ Over the past 2 months,
@Uniswap
has ~864k unique addresses and
@opensea
has ~448k. Around ~111 addresses trade at both platform which is the overlap: only 12% of uni and 25% of os.
Not huge, but still insignificant.
Data
@DuneAnalytics
:
#NFTs