3个潜力DeFi板块代币
Defi itself is a combination of multiple innovative distributed applications, including lending, DEX, stablecoins, derivative assets, and oracles, among other foundational tracks | The two basic metrics for measuring Defi projects are:
TVL, which is the locked asset amount, and APV annual yield
DAX reference trading volume and slippage
Liquidity protocol analysis:
DEX based on liquidity protocols emphasizes exchange rather than trading. The feature is simplicity; users do not have to wait, just enter the amount and type to exchange directly,
Low fees without a matching mechanism provide a better trading experience than traditional DEX depth but cannot place orders.
The principle of liquidity protocols:
Liquidity providers offer equivalent amounts of 2 types of assets, each accounting for 50% based on market prices.
Example: 1$ETH =500USDT core market-making formula: X×Y=K
Every time a liquidity provider deposits assets, smart contracts calculate the product of the two assets to keep it constant.
Example: The product of 10$ETH and 5000USDT is 50000
Traders can exchange in real-time.
Example: If a trader sells 0.1$ETH , the price would be 5000-【50000➗10.1】=49.5USDT, with an additional 0.3% as a mining reward for liquidity providers.
Arbitrageurs: When a price difference appears, they can take advantage of it to maintain a reasonable market price.
Market makers, as liquidity providers (LP), solve mechanism and incentive issues.
Impermanent loss refers to the temporary loss of assets when providing liquidity.
"Dog coin": Half refers to certain small teams in the domestic market who choose to conduct IUO injections of liquidity on SWAP, which can run away at any time.
Deeply consider a question: Why does the dog coin always rise after opening? X×Y=K Because there is no X in the outside world, only Y.
DEX replaces 2.5--3 tier exchanges in the ETH1 phase, replaces 2--2.5 tier exchanges in the ETH2 phase, and replaces 1.5--2 tier exchanges in the ETH2+ free cross-chain phase. Imagine the ETH2+ free cross-chain + CBDC phase -- targeting CEX, TOP#特朗普新版美国网络战略文件