1. Interpretation of yesterday's market and hot spots:

1. Market conditions. The market still has a need to go up. Many people are doubting whether there will be a market this year. Many people are disappointed now because they expect the market to be like that in 2019. The market environment is different, so it is natural that there is no small bull market like that in 2019. Bitcoin is now more than 27,000 US dollars. The market is not desperate at the bottom of the bear market. In addition, the funds in the current market are not abundant. It is more in line with the interests of the main players to go through sufficient shocks and washes at each stage. If you want to rise to the expected price, you need to shock and wash back and forth. So what we have to do is to hold on to the spot Bitcoin and Ethereum, and at the same time see which tracks appear to be resistant to declines and rise step by step when Bitcoin is washing.

2. EDU. I jumped in when EDU was listed on b. I sold it when it reached 1.69, and bought it back after a sharp drop. EDU also performed very well yesterday and rose again. Haha, I am so excited. Those who hold this b will continue to hold it. CZ still attaches great importance to the theme of education.

3. LTC. Yesterday, LTC was a hottie in the market, rising nearly 10 points in a single day. The reason was that a mining pool boss posted a microblog praising LTC, and the power of capital is still relatively strong. I’ve seen many people talking about the halving market recently. I used to be the most optimistic about the LTC halving, but I sold all of them above 90 because the halving was in August, and the good news was realized in advance, so there was not much time left to pull the market up. Now it hasn’t broken the previous high, and the risk of being trapped later is actually very high. This does not fit my investment style, so I took the money and ran. Many people asked if LTC would have a halving market again. I think there is a high probability that there will be no halving market (the criterion for the halving market is that the trend must at least be better than Bitcoin, otherwise it can only be regarded as a linkage market)

2. Is the LSDFI concept coming? What projects are worth paying attention to?

We should also pay attention to the derivative concept of LSDFI. We have seen many posts about how the amount of staked ETH has soared and how LDO withdrawals will be enabled in a few days. CZ also mentioned a few days ago that lsdfi is at 1.0. Currently, there are no tokens listed on this track. It is recommended to pay attention to ush and pendle on the chain.

The literal understanding of LSDFi is: LSDFi = LSD+DeFi, which is a DeFi product based on LSD. The purpose of LSDFi is to improve the capital efficiency of LSD and achieve higher returns through layers of nesting, that is, the composability of DeFi.

Currently, there are several main directions for projects of this concept.

The first is the trading direction, which is mainly based on increasing the liquidity of LSD. For example: LSDx Finance, Pendle Finance.

The second type is the high APY attraction type. There are actually quite a lot of projects of this type. At present, it is unclear which one has more advantages, and we need to observe further.

The third is to improve the utilization rate of funds, such as AAVE.

The last direction is asset issuance, such as MakerDAO, Lybra Finance, etc.

3. Another 100x track -------- RWA

RWA track explosive potential and value

The RWA track has attracted a lot of attention in the DeFi field. The on-chain of traditional assets such as fixed income, stocks, and physical assets (such as real estate, metals, etc.) allows them to be combined with traditional financial services, creating new possibilities.

The significance of RWA is mainly reflected in the following aspects:

1. Broaden the scope of DeFi applications: By putting real-world assets on the chain, RWA can open up a larger market space for DeFi, allowing DeFi to serve more users and asset types.

2. Improve market liquidity: The on-chain of RWA enables these traditionally inefficiently traded assets, such as real estate and gold, to be traded more efficiently, thereby improving market liquidity.

3. Enhance the transparency of the financial market: The characteristics of blockchain technology make the RWA transaction process more transparent, which helps to improve the fairness of the market.

This model provides a new liquidity outlet for traditional physical assets, and combines the transparency, trustlessness and global market of blockchain. The tokenization of real-world assets can not only create value for asset holders, but also provide investors with more investment options.

However, it is important to note that this field is still in its early stages, and related legal and regulatory issues have not yet been fully resolved. For example, how to ensure the consistency between the ownership of real-world assets and the ownership of tokens on the blockchain, and how to ensure that the value of real-world assets will not be manipulated. Therefore, sufficient research and preparation are required before entering this market.

The RWA track has huge development potential and investment value both in financial risk management and in the field of blockchain asset tokenization. However, due to the complex risk factors involved, investors need to be cautious and do a good job of risk assessment and management.

There are four projects that deserve our special attention and have great potential, namely PolyX, GFI, PERL, and Ondo.

PolyX is a compliant first-layer public chain (L1 public chain), and its node operator is the well-known digital currency trading platform - Binance. At present, the circulating market value of PolyX has reached 70 million US dollars, demonstrating its strong market appeal and development potential.

Ondo's business focus is to blockchainize U.S. Treasury bonds and corporate bonds. This new attempt will have a profound impact on the entire financial market. Although this task is still full of challenges, we are full of expectations for Ondo's prospects.

PERL is a carbon credit market project invested by Binance. PERL's circulating market value is about 10 million US dollars, which shows the huge potential of the carbon credit market in the current context of increasing environmental protection awareness.

GFI is a credit-based project with a circulating market value of approximately US$16 million. It is worth mentioning that GFI has been favored by well-known investment institutions such as A16Z and Coinbase.

It can be seen that, except for the old SNX and MKR (due to the limited appreciation space of these old currencies), the circulation market value of other projects in the RWA track is generally US$100 million or less, which also reflects that the RWA track is still in its early stages. Among the many projects, PolyX is currently the best performing.