Blast sets off a wave of L2 Native Yield

Blast is the first L2 blockchain network that provides the possibility of passive income exclusively for funds in Layer 2 accounts. When users deposit funds into Blast, Blast will immediately lock the corresponding ETH on the Layer 1 network for network native staking, and automatically return the obtained ETH staking income to users on Blast. In addition to supporting natively staked ETH, Blast also provides opportunities for passive income on stablecoins.
This "barbarian" style of play is enough to shake the current status of traditional Layer 2. In the past, Layer 2 focused on improving performance, expanding RaaS, and multi-chain storytelling. At the beginning of 22, we were still discussing whether Blockchian’s future would be multi-chain or ETH + Layer 2.

Author: CloudY, Jam Editor: Vincero, YL Review: Yasmine
Wallet accounts are an indispensable part of entering Web3, and the UTXO model of the Bitcoin network and the account model of the Ethereum network have always been compared. Of course, both models have their own merits. We cannot simply say which one is better. Can you tell me which scenarios are more suitable?
summary
But in fact, the Ethereum EOA account used for comparison is a relatively primitive product, specifically:
The account control rights are single, only signature authorization and non-signature. Whether it is a transaction worth 1 US dollars or a transaction of 100 million US dollars, you need to approve first, and then sign to confirm the transaction. Then there is only one signature difference between the defrauded permission and the normal transaction, which makes every new user frightened when interacting. Although Metamask now allows users to choose the approved usage when approving token permissions, for frequent interactions, users prefer to directly authorize the upper limit instead of consuming Gas Fee for multiple approvals. Compared with the Web2 account model like Two Factor Authentication (2FA) or U-Shield to control large-amount transaction risks, and face scanning or password-free payment to facilitate small-amount transactions, EOA accounts are very dull and difficult to use. The Gas Fee threshold is too high and blocks a large number of new users. Layer 2 such as Ethereum mainnet and Optimism/Arbitrum use ETH tokens as Gas tokens, which requires users to convert fiat currency into U.S. dollar stablecoins, then further convert them into ETH, and then transfer ETH into their wallets. Many users discovered that they needed ETH as Gas after transferring the USD stablecoin to their wallets, and had to purchase ETH again. What's more, public chains such as BSC/Polygon/Solana all use their own Gas tokens, which is another pitfall that newcomers must step into. In addition, many users do not really want to purchase spot Gas tokens, but they have to leave a large amount of redundant Gas tokens in their wallets because of the need for on-chain interaction.

Author: Jam, CloudY
Editor: Vincero, YL
Reviewed by: Yasmine

As the Cancun upgrade approaches, market attention has gradually shifted from LSD and LSDFi to the Layer 2 sector after the Shanghai upgrade. The launch of the ARB token has also attracted a large number of users to enter the Arbitrum ecosystem and join the Layer 2 ecosystem of other unissued coins.

background

Layer2 is the recent market focus

The ZK series Rollups also wisely launched their own ZKEVM and test network to capture real users and funds through airdrops, which resulted in the number of Layer 2 public chains that Rollup users need to interact with every day. But this also means that the track is very crowded. In particular, Arbitrum has brought a lot of attention to itself with the help of airdrops. It has also issued ecological subsidies to its own ecological projects to encourage ecological development and motivate users. This makes Arbitrum The TVL and Tx are more than twice those of Optimism all year round. ZKSync has also achieved rapid growth in TVL and Tx through era and airdrop expectations.

Author: CloudY, Jam

Editor: Vincero, YL

Reviewed by: Yasmine

This article starts with the Zuzalu sociology experiment, and compares the business map concepts of Elon Musk and Sam Altman, and then understands and analyzes the impact of blockchain technology and Cryptocurrency on the future world, especially identity authentication and authentication represented by third world countries. Feasibility development analysis of the combination of monetary payment systems.

summary

Karl Marx[1] might like ETH, Dogecoin, and Worldcoin.

Vitalik's sociological experiment Zuzalu. Zuzalu uses ZuPass and zero-knowledge proof technology to provide "identity registration certificates" for registered participants and promotes the implementation of democratic governance by setting up town halls. Therefore, some people compare it to "the early stage of Ethereum in an abstract sense." The two have established a natural connection because of Vitalik, but they are different. Zuzalu is metaphysical, while Ethereum is concrete. The programmability of Ethereum helps developers implement customized identity authentication through smart contracts. The currency payment of Ethereum is realized through the execution of smart contracts, which meets the currency payment that complies with the ERC20 standard, but is mainly ETH.

Author: Jam, CloudY

Editor: Vincero, YL

Reviewed by: Yasmine

As the CEX market continues to develop, the impact of regulation on its competitive landscape has become increasingly significant.

Preface

There are two sides of the same coin. The intervention of regulatory agencies will increase the hidden costs of transactions and may also attract more funds to flow into the market through enhanced compliance. In addition, the strictness of the regulatory environment will also have an impact on the free development of the Crypto Market. A weak regulatory environment is more conducive to the free development of the Crypto Market.

CEX+CeFi= Traditional Commercial Bank. The essential model of CEX is still the traditional commercial bank model, which is to earn interest differentials by absorbing deposits and lending. However, CEX currently lacks "The last buyer", so this may be another important reason why CEX is currently subject to strong supervision. At the same time, some smart CEXs are trying to do some advanced operating hedging strategies to prepare for the stronger regulations they may encounter in the future.

Author: Jam, CloudY

Editor: Vincero, YL

Reviewed by: Yasmine

As a cryptocurrency full of mischief and entertainment, Meme Coin attracts investors through the expression of group carnival atmosphere and group spirit.

summary

It is not difficult to find that the successful spread of Meme Coin is closely related to the large amount of attention brought by the spread of emoticons, rebellious culture and the "myth of sudden wealth". In addition, the driving role of big Vs such as Musk in the Meme Coin market cannot be ignored. His words and deeds have a very important impact on the market value of related projects. Reviewing the previous Meme market, it can be considered that the Meme craze is the ultimate expression of the herd effect. In this case, the investment behavior of investors is often to follow the trend of buying, thereby pushing up asset prices, and more speculators are influenced by the "myth of sudden wealth". "The brainwashed entry further pushed up asset prices, thus causing Meme asset bubbles. Except for the moment when the bubble bursts, everyone involved is happy.

Author: CloudY, Jam

Editor: Vincero, YL

Reviewed by: Yasmine

At the end of November 2022, OpenAI launched the intelligent dialogue system ChatGPT. This news quickly attracted global attention and heated discussions.

Targets related to the AI ​​sector, whether A-shares, US stocks or Crypto, have all experienced surges. In the following time, as ChatGPT was widely used and people realized its impact on the entire world, new ChatGPT application scenarios and product iterations of the same type continued to emerge.

Even Microsoft has gained unlimited expectations from investors because of its acquisition of OpenAI and its integration of ChatGPT into the Bing and Office ecosystems, and its stock price has soared. Until the emergence of ChatGPT4, the super artificial intelligence it displayed made people calm down from their excitement and start thinking about the changes that AI will bring to their industries, as well as the potential risks of further development of AI.



Author: Jam

Editor: Vincero, YL, CloudY

Reviewed by: Natalia

summary

As an emerging digital transaction market, the NFT market is experiencing rapid growth and development. NFT is a unique digital asset that can be used to represent digital artwork, avatars, virtual land and other digital items. The unique nature of digital assets allows them to be used to prove ownership and scarcity of digital items, providing new revenue streams for digital artists and creators.

Blur has surpassed Opensea by using a combination of airdrop incentives, pending order incentives, self-built trading markets and aggregators. Although Opensea was the most liquid NFT market before, Blur’s comprehensive strategy has allowed it to gain more and more attention in the market. Blur’s liquidity solution is currently the best, and the combination of its marketplace and aggregator provides users with a wider range of options. This is very important because in the NFT market, liquidity is often key, and Blur’s liquidity solution has proven to be very reliable.



Author: CloudY, Vincero

Editor: Vincero, YL

Reviewed by: Natalia

introduce

As a trillion-level track, the LSD sector has gained a lot of attention by riding on the east wind of Shanghai's upgrade. Not only the leading project $LDO $SSV has increased a lot, but also some new LSD and undervalued targets like $FXS $FIS $ANKR $CHESS. An obvious rise.

Since LSD’s popularity, there have been many excellent articles explaining the mechanisms of LSD and DVT:

LidoFinance’s first-mover advantages and potential risks, as well as the qualitative changes that v2 will bring to Lido.

SSV Network’s ability to capture value as the underlying architecture of LSD and its technical threshold.

Author: VINCERO

This is the first article of OP Research in 2023. I want to tell some short stories, share some insights and thoughts, and make a small contribution. Thank you all.

How did I get into Crypto?

In 2017, in Bali, I was considered a Nomad, but I still didn’t understand what Crypto was. It seemed that I had half a foot in the door. Of Crypto Nomad?

I lived in a small villa in Bali back then. Because I liked meeting friends from all over the world and was very interested in different languages ​​and cultures, I was also working as a CouchSurfing host - originally for backpackers and travelers. Provide a place to stay, which can be a sofa, a bunk, or a bed. Whatever can be used to sleep. It is popular among young people and students in Europe and the United States. It is mainly used to make friends from all over the world and understand the local area in depth. lifestyle and culture, while also saving travel expenses. Since I am the host of CouchSurfing, I have also joined the local community. There are some activities every week, including travel sharing, cultural exchanges, drinking and dancing, etc. They are all young people from all over the world, and they are very energetic. Extremely fun.

Author: Sihan, CloudY

Editor: Vincero, YL, DoctorStrange

Reviewed by: Crystal

Abstract: In our last article introducing DeSci, we introduced the development history of DeSci and even the entire natural sciences in detail from a macro perspective, from the Renaissance to the Enlightenment to the current Web3.0 revolution. It can be said that Although DeSci in the narrow sense started with the recent Web3.0 revolution, the DeSci movement and spirit in the broad sense have been deeply rooted in the heart of human civilization from the moment of the birth of natural science. We believe that the DeSci movement is a movement based on Blockchain technology and the great social experiment of the Web3.0 industry have the potential to change the underlying architecture of the entire natural sciences. This article will start from several of the most representative DeSci projects at present, and explain what we believe to be the origin and future of the DeSci movement from a more concrete perspective and concise perspective.

Author: Doctor Strange

Editor: Vincero, YL, CloudY, Sihan

Reviewed by: Crystal

1. What kind of animals we are

Suppose there is an orangutan, whether it is a highly intelligent bonobo or a muscular and brainy silverback gorilla, how can it quickly become the overlord of the population?

The answer is simple, give it an oil barrel or tire. Zoologists have discovered in primeval forests that when the first orangutan learns to roll a barrel, other orangutans will find it incredible and be scared away. As a result, the orangutan will gain a higher status in the population. Later, other orangutans tried to learn this "state-of-the-art barrel rolling technique," just as those born in the 1980s and 1990s learned behaviors such as rolling hoops and turning books with their middle fingers from their peers in elementary school.

Author: Doctor Strange

Editor: Vincero, YL, CloudY, Sihan

Reviewed by: Crystal

Where does the money come from? Where does the money go? The source and use of funds are always the primary issues in scientific research.

After the Great Plague in Europe in the 14th century, the stories of gods promoted by religious organizations were no longer enough to heal the wounds of the world and answer the public's doubts about the real world. So the church organization began to fund some of its believers to conduct research in astrophysics, biomedicine and chemistry, and became natural philosophers. The names of some believers are still prominent in history, such as Newton, Galileo, Copernicus, etc.

Author: CloudY, Sihan

Editor: Vincero, YL

Reviewed by: Crystal

1. 2008-2012 The Creation Era of the Crypto Industry

On November 1, 2008, a mysterious person named Satoshi Nakamoto published the article "Bitcoin: A Peer-to-Peer Electronic Cash System" in his cryptography email group, which is the Bitcoin white paper. Therefore, 2008 is known as the first year of Crypto, and the Bitcoin white paper is regarded as the "Bible" of Crypto. It opened the initial enlightenment era of Crypto, making people realize that the combination of cryptographic algorithms and blockchain technology can create An unprecedented digital currency—censorship-resistant, decentralized, and anonymous. On January 3 of the following year, Satoshi Nakamoto mined the Bitcoin genesis block on a small server in Helsinki, Finland. This day is called "Creation Day" by Bitcoin believers. After that, the concept of Bitcoin spread rapidly around the world like a prairie fire, and the concept of "Code is Law" also spread. According to the introduction on Bitcoin.org, based on cryptographic principles and blockchain technology, Bitcoin has the durability, portability, fungibility, scarcity, divisibility and recognizability of currency. Especially on May 22, 2010, a programmer in Florida, USA, exchanged 10,000 Bitcoins mined from his computer for two pizzas. This is the first recorded purchase of Bitcoin as a currency. It turns the use of Bitcoin as a currency from theory to reality, and the properties of Bitcoin as a currency are verified and believed by people. After that, individual merchants began to accept Bitcoin payments one after another, and the world's first online Bitcoin exchange, MT.GOX, was also established (established on July 11, 2010). With the emergence of Bitcoin exchanges, Bitcoin was traded as a commodity for the first time, and its price continued to grow, attracting more and more people to participate in Bitcoin mining.

Author: CloudY, Shawn

Editor: Vincero, YL

Reviewed by: Crystal

DAO: Decentralized Autonomous Organization is now a very popular topic. It has been nearly 6 years since the first self-proclaimed DAO project, The DAO, appeared in 2016. During this period, various DAOs have emerged in endlessly, and many people have classified the functions of DAOs, such as investment DAOs and guild DAOs. , project governance DAO, DAO tools, etc. During such a long period of evolution, everyone has different definitions of DAO. In a narrow sense, DAO should be an organization that is decentralized and capable of autonomous governance. It especially emphasizes that the organization can still manage it without human management. Operating independently, more emphasis is placed on the "A" part of DAO; in a broad sense, DAO includes all community governance organizations today, and does not require the organization to pursue autonomous governance. As long as the organization is managed by a consensus reached by the community, it can be It is recognized as a DAO, even though it is completely governed by humans rather than "autonomous".

Author: CloudY, Sihan

Editor: Vincero, YL

Reviewed by: Crystal

1. The development history of the entrance

The current Web3.0 industry as a whole is in the early stages of development. Compared with the traditional Web2.0 industry, traffic capture is still in a relatively primitive stage and is usually carried out in a crude way. With the development of the Web3.0 industry, we roughly divide the methods of obtaining traffic into three major stages based on user needs.

Early days:

In the early stages of the encryption industry, users’ main needs were cryptocurrency transactions. Most users in the encryption industry often entered the centralized exchange (CEX) through the web or mobile phone to use various functions, such as the early Mt. Gox. and Bittrex et al. Therefore, at this stage, CEX is the main entrance of traffic, resulting in the emergence of a large number of CEX, such as Binance, Huobi, OKEX, KuCoin, MEXC, Gate, etc. In addition to trading cryptocurrencies, since users also have the need for deposits and withdrawals in legal currency, CEX is often compatible with P2P deposit and withdrawal services to further control the flow entrance. But also because CEX controls a large amount of market share, once a problem occurs at CEX, it will have a serious impact on the entire market. The Mentougou incident is a good example.

Author: CloudY, Sihan

Editor: Vincero, YL

Reviewed by: Crystal

Foreword:

DID and DeSoc have gradually become topics that everyone is talking about. From Monaco to Lens Protocol, everyone is exploring the social ecology of Web3.0. From DeepDAO to Cyber ​​Connect, everyone is building a decentralized interpersonal network, and domain name service providers such as ENS We are building an identity system based on wallet address. But in fact, there is an intermediate layer between the social ecology/interpersonal network and the identity system, which is the interaction record of wallet addresses. Its most direct function is to establish user portraits. A comprehensive and detailed user profile is what Web2.0 companies must strive to obtain even if they violate user privacy, because a perfect user profile can help companies accurately locate user behavior and provide the most efficient products or services at the lowest cost. However, due to its own business scope and antitrust restrictions on the breadth and depth of data, such user portraits are beyond the reach of Web2.0 companies. However, all user data in Web3.0 is public on the chain and can be obtained and analyzed by anyone. This can be said to be a dimensionality reduction blow to Web2.0. However, unprocessed data is just a string of characters. Therefore, we need to analyze the data issuance certificate (such as SBT) to represent a series of behaviors, and then build an on-chain portrait of the user based on this series of behaviors to give value to the data on the chain.

Author: CloudY, Shawn

Editor: Vincero, YL

Reviewed by: Crystal

Preface: Why Cosmos?

2021 is a year full of surprises for the blockchain industry. We have witnessed Bitcoin reaching 69,000 historical ATH, the ingenuity of DeFi2.0, the blooming of NFT, and the first signs of DAO. Everything is built on what Ethereum describes. On top of the blueprint of the world's computer; and the Gas fee problem caused by the high usage of Ethererum has led to the current situation of Ethererum value overflow, and the cross-chain interoperability problem that Ethererum did not consider when it was originally designed has also become A problem criticized by later generations.

Author: CloudY

Editor: Vincero, YL

Reviewed by: Crystal

As an optimization solution for the Ethereum public chain, Layer2 has always been a hot topic of attention, discussion, and research and development. For example, Ronin where Axie is located, Starknet, Arbitrum, Optimism, ZKSync used by DYDX, etc., many R&D teams have actively tried Layer2 technical solutions. . So what exactly is Layer2? The Ethereum public chain itself is called Layer1, mainnet or main blockchain layer. Layer2 refers to moving transactions from the main blockchain layer to a separate layer that can communicate with the main chain to achieve faster transactions and Lower Gas Fee. As shown in the figure below, Layer 2 is similar to grafting a "highway" on the Ethereum main network, diverting the transaction volume of the Ethereum main network and easing the transaction congestion of the Ethereum main blockchain layer. Currently, there are multiple technical solutions for Layer2, including state channels, side chains, Plasma, Rollup, etc. Sidechain and Rollup are solutions that everyone often hears nowadays, but the difference between sidechain and Rollup is that the sidechain needs its own independent node for verification, and its security mainly depends on the sidechain itself (Polygen is one of the examples of sidechains). 1); while Rollup is directly based on Layer1 to process transactions in batches off-chain and publish updates to the main blockchain. At the same time, it publishes transaction data on the chain, and its security still relies on Layer1.

Author: CloudY, Sihan

Editor: Vincero, YL

Reviewed by: Crystal

Let me first tell a fable from "The Three-Body Problem":

​

There is a group of turkeys on a farm, and the farmer comes to feed them at eleven o'clock every day. A scientist in the turkey observed this phenomenon for nearly a year without exception, so he also discovered the great law of his own universe: "Every morning at eleven o'clock, food comes." It said on Thanksgiving Day This law was announced to the turkeys in the morning, but when the food did not arrive at eleven o'clock that morning, the farmer came in and caught and killed them all.