Postagem de profecia: Metis está prestes a anunciar grandes notícias positivas? ? Qual é a motivação por trás da atração maluca de ENKI? ? Compartilhe o processo do jogo entre o espinafre e o lado do projeto e tente descobrir o código de riqueza por trás dele. É um raciocínio lógico e uma análise puramente imaturos.

Ontem, compartilhei meus pensamentos sobre a recente puxada de mercado da ENKI na pequena mesa de jantar do irmão Jian. Inesperadamente, recebi uma boa resposta. Depois de pensar sobre isso, decidi compartilhá-la publicamente para pensar sobre a lógica. Ainda posso me gabar. Por que não?

Primeiro, uma breve introdução ao histórico do projeto:
Metis is an L2 project on Ethereum, known as 'Vitalik's motherf***ing project,' focusing on decentralized ordering. It is rare among Layer 2s to use the Metis token as the on-chain native token and for gas fees.
ENKI is one of the largest LSD projects on Metis, similar to Lido on Ethereum.

Here's the thing: before, I bought a lot of Metis and got stuck. I thought, since I have it, I might as well find a place to earn some interest. So I discovered ENKI, and at that time, the annualized yield of nearly 40% looked very attractive, so I staked without thinking too much.

However, right after staking, I immediately discovered a problem: the unlocking rules for ENKI staking have a little pitfall. When you unlock Metis, you can only unlock 70% of the total amount first, and the remaining 30% will be forcibly locked in the ENKI protocol. To retrieve this 30%, you need to stake ENKI's token in the protocol and wait 90 days for a linear unlock. The ratio and price of staking ENKI are actually similar to the Metis you locked inside.

What this means is that if you staked $10,000 worth of ETH in Lido, when you want to take it out, you can only take $7,000 worth of ETH. The remaining $3,000 requires you to buy $3,000 worth of LIDO tokens, stake them for 90 days before you can withdraw. During this time, you also need to bear the risk of price fluctuations. 90 days can lead to huge changes in a token's price.

At that time, I was slightly annoyed by this mechanism, but later I learned about the design motivation. This is actually a kind of security balance mechanism for restaking, so I shouldn't criticize the project team too harshly, although I didn't see it clearly. However, what I need to think about afterward is how to maximize my returns and get out safely in this situation?

So in October, I shared the following logic with friends and directly bought a lot of ENKI:
1.

3.

In simple terms, I judged that proactively purchasing ENKI to unlock Metis would yield higher returns than waiting to unlock it after earning enough interest. The annualized yield in the dozens looks tempting, but the potential return from directly buying ENKI tokens might be even greater.

The logic behind this judgment is: the situation of ENKI tokens is almost a 'low liquidity' and 'highly controlled by the project team' scenario. So if I were the project team, I would know that when the price and popularity of Metis rise and users want to sell their staked assets, they would be motivated to spend real money to buy ENKI to retrieve the remaining 30% Metis (otherwise, it would just get stuck in there).

If I were the project team, I would try to pump ENKI before knowing that Metis has big movements, selling as much as possible to users with unlocking needs at a premium price to maximize profits.

If this logic holds, then considering the recent phenomenon of ENKI suddenly surging, if we think about why ENKI would pump, there could be several possibilities:
1. Metis is about to have positive news, and ENKI is preemptively pumping to meet unlocking demands.
2. ENKI is about to have positive news, preemptively pumping to prepare for selling.

However, considering the current state of ENKI tokens, I believe the first possibility is more likely, meaning Metis might soon have some positive news. This could involve the announcement of significant ecological partnerships or listing on Korean exchanges. Personally, I lean towards the likelihood of listing on Korean exchanges, as projects that have recently listed there have performed quite well.

The above views are purely based on immature guesses, not investment advice. It's just for fun, and let's observe for a while. What if the guess is right?