Today we continue to talk about two very powerful projects. Binance’s launchpool and a certain k’s jumpstart were launched respectively. Their ether.fi and cross-chain Polyhedra Network were pledged. We have talked about ehter.fi before (portal in previous issues) https://mp.weixin.qq.com/s/XeDSNSedwobk1zLL5hrshA), so today I will quickly talk about the reasonable price of tokens. This issue focuses on Polyhedra Network. First, let’s talk about the current project of ether.fi. I think it is the most innovative among several re-staking projects. I have done comparisons of several projects before (Kelp, swell, Renzo, Rstk, etc.). I think this project is basically basic. The surface is relatively good, but everything else is similar, so it was also recommended to do this pledge at the time. You can kill two birds with one stone. You can earn ether's own points while also getting EnginLayer's points. If you deposit it into pendle, you can get 40% annualized income. Let’s talk about the situation of this launchpool. This time, mining started at 08:00 on March 14th (East Eighth District time). It can be mined for 4 days. The maximum supply of tokens: 1,000,000,000 ETHFI. The initial circulation: 115,200,000 ETHFI (the maximum token supply 11.52% of the supply) Total mining volume: 20,000,000 ETHFI (2% of the maximum supply of the token) BNB mining pool can mine a total of 16,000,000 ETHFI (80%) FDUSD mining pool can mine a total of 4,000,000 ETHFI (80% of the total supply) 20%)
Then recently, the official website of ether is also engaged in the final sprint activity, that is, the more users deposit, the more airdrops they will give to the community. It seems to be a seven-day sprint. At present, the total pledged amount has exceeded 120,000 ETH and will be pledged in these 7 days. According to the current progress, the official said that 6% of the allocation will be allocated to the community in the first quarter.
In terms of the total amount of pledges, ether.fi is also the leader in pledges of other projects. Currently, a total of 620,000 ETHs are pledged, and the total amount exceeds 2.5 billion US dollars.
The reasonable price of the token and the estimated listing price
For a reasonable currency price, we can just compare it with the LSD sector. The current FDV of LDO is 3.5 billion US dollars, and the total pledge amount of LDO is 40 billion US dollars, so the market value TVL ratio is almost 1:10. The current number of ether is 1 billion. TVL is 2.5 billion U.S. dollars. If divided by 10, the FDV of almost 250 million U.S. dollars is a reliable value, so the currency price is about 2.5 U.S. dollars.
Let’s look at the income based on the past mining situation. The deposit amount of the pot in the last period was 16 million BNB and the portal’s 40,000,000. The currency price of the pot at that time was 2-4 US dollars. We took the middle number and it was 3 US dollars. We mined 7 Days, then the annual return is 1.5%. Because BNB has surged a lot recently, the rate of return has been reduced. Based on the previous launchpool, the currency price of 2% of the income is about 8 US dollars (counting the deposit of 16 million BNB this time), and the income is 1.5 The rate is $6.
But I can only say that for 8 US dollars, this amount of TVL is not enough to sustain it. Of course, TVL may also grow in the future, so we still have to watch this wave of development.
I won’t introduce the basics of the Ether.fi project in detail. Please refer to the previous article for details!
2.PolyHedra Network
Then let’s talk about the jumpstar of a certain k. Users can obtain it by depositing BTC and ETH. The maximum deposit can only be 0.3 BTC and 3.5 ETH. This mining lasts for 5 days, and the reward is 6,000,000ZK, with a total amount of 1,000,000,000.
This project can be considered a large-scale project and needs to be focused on.
Introduction to PolyHedra Network
Polyhedra is a zk underlying technology service provider led by Binance Labs and Polychain Capital. The zkbridge zero-knowledge proof cross-chain bridge it launched has become the most widely cited zkp cross-chain bridge, with more than 1,200,000+ on-chain interactive addresses and 9,000,000+ txns.
Through the devirgo zero-knowledge proof algorithm invented by the team, it perfectly solves the two core problems currently plaguing cross-chain bridges: security and efficiency.
Polyhedra provides trust-minimized and efficient interoperability solutions for asset transfer, messaging and data sharing between various Web2 and Web3 systems.
Features and advantages
1. Security
Unlike traditional cross-chain bridges, Polyhedra's zkbridge does not require external trust assumptions. Through the zk-SNARKs algorithm, the security of zkBridge can be ensured by ensuring that there is at least one honest node in the block header relay network.
2. Efficiency
Polyhedra Network uses the deVirgo algorithm invented by its team. At the previous ETHcc, the team released the latest progress: Based on the deVirgo system, Ethereum's full node certification can be completed within 10 seconds, which is fast enough to catch up with the block production speed of Ethereum. This is also a proof speed that cannot be achieved by other current zk cross-chain bridges.
A zero-knowledge proof implementation for Ethereum full nodes via deVirgo will enable Ethereum and its rollups to achieve completely trustless, efficient and secure interoperability.
Product Series
1.zkBridge
zkBridge is used to allow trustless interaction (assets and data) between Web2 and Web3 systems, and can also be used as a cross-chain infrastructure. It is also its flagship project.
2.ZK-DID
ZK-DID is a one-stop solution for decentralized identity. The core is a verifiable credential system that can verify credentials with zero-knowledge proofs without compromising user privacy, such as KYC/AML/CFT, etc. Scenes.
3.ZK-NFT
ZK-NFT is actually more than just NFT, but encapsulates various standard tokens and various data off-chain (from read-write state to read-only state), and encrypts them by ZK pointers, thereby protecting the privacy of related information. .
Therefore, ZK-NFT can be used for the integration of user data and websites in the Web2 and Web3 worlds.
4.zkMessenger
Greenfield zkMessenger, the first cross-chain data availability protocol powered by BNB Greenfield and zkBridge. You can understand this as the blockchain mailbox we talked about before. With Greenfield zkMessenger, you can send Web3 emails between multiple blockchain networks as easily as sending internet emails. Your data is protected by BNB Greenfield and zkBridge.
5.Gaming
It is also currently releasing games on the opBNB chain, which should also be cooperating with Binance.
Financing background
Currently, Polyhedra has officially announced two rounds of financing, totaling $25M. The leading investment institutions are: BinanceLabs and polychaincap. Other participating investment institutions include animocabrands, daofive, ABCDELabs, ForesightVen, KuCoinVentures and HashKey_Capital, etc.
Token economy
The total number of tokens is 1 billion. The current token distribution is 32% ecological, 28% contributors, 15% community & airdrop, 15% foundation, and 10% core.
Then let’s talk about the expected price of the token. Because it is a ZK series, there is actually no good comparison target. Let’s compare it with the recently popular AXL. The current market value is 1.3 billion, and the FDV is almost 2.5 billion.
The total amount of Polyhedra is 1 billion, so the price difference is 2-3 US dollars, which means that the corresponding market value is 2-3 billion, which is relatively high, because the project itself is still quite powerful, and you have to allow a certain amount of room for growth later. Go straight to 5 billion, how can you buy leeks in the secondary market, right? #内容挖矿 #Launchpool