On July 10th, Odaily and BlockBeats co-hosted StakingCon - Staking Ecological Conference, "Staking VS Transactions - How Staking and Transactions Balance and Integrate" roundtable forum, KuCoin Global Project Operations Director Larry He, global digital trading platform BigOne Cheng Jun, COO, Chosmos, head of Staked China market, Audrey, COO of HashKey Hub, Lin Jihong, founding partner of Continue Capital, founder of Bodhi, and Mable Jiang, Nirvana Capital Partner, expressed their views.
Larry He, Director of Global Project Operations at KuCoin, said: KuCoin Exchange has more than 5 million registered users, more than 95% of whom are overseas. And recently launched the perpetual contract trading KuMEX. He said that for ordinary users, staking tokens needs to bear the risk of large market fluctuations. KuCoin divides users into long-term value investors and short-term price speculators. Large institutions are generally long-term investors, looking at long-term returns; retail investors are concerned about the short-term rise and fall of currency prices and whether tokens are convenient to buy and sell. At this stage, the 21-day pledge period of some projects may be unacceptable to ordinary users because the currency price fluctuates greatly. He said that staking and trading are contradictory, so the KuCoin exchange solves the liquidity problem of tokens through the pledge ratio. If there is no centralized run on users, then the pledge ratio will guarantee everyone's interests. If there is a run on the day, you need to queue up to withdraw, but users can freely trade into other tokens and withdraw them as you go. This model also facilitates more price-sensitive users to join the staking ecosystem. In terms of reserves, for general tokens, KuCoin has enough experience to calculate and predict the amount of withdrawals of users through professional models to adjust the ratio of hot and cold wallets as withdrawal reserves. For staking, there will also be a scientific way to calculate, without affecting the withdrawal, to maximize the pledge, so as to provide users with the best convenient transaction method. Allowing users to buy, sell and withdraw cash freely without perception, and at the same time enjoy the daily passive income brought by the POS ecology. Get your cake and eat it too.
Cheng Jun, COO of the global digital trading platform BigONE, said that BigONE currently has three basic services: currency trading, OTC, and PoS mining pool. There are more than 150 million votes in the EOS ecosystem. Cheng Jun also said that BigONE only started to operate PoS mining pool service in April this year, and the market is huge and developing very rapidly. Currently, it has provided PoS services to multiple projects and major public chains. Users give coins to BigONE, and they provide benefits to users. BigONE hopes to provide more PoS services in the future.
Chaosmos, head of the Staked China market, believes that all exchanges, wallets, and custody service providers should cooperate with Staked. The logic is simple - institutions that benefit users will beat institutions that do not benefit users. Chaosmos believes that depositing and earning interest is an essential function of every public chain in the future, which is not empty talk. At first glance, you may feel that depositing currency to earn interest does not create value, but a redistribution of wealth within a currency system. However, after careful analysis, it will be found that the public chain encourages deposits and earning interest, which will change the behavior of users. Through the inflation tax, long-term currency holders will be rewarded to participate in ecological construction, and frequent trading and speculation will be discouraged. This will make this public chain more competitive. force while absorbing fluidity. In addition, earning interest by depositing coins can bring stable currency-based income, and it is difficult to achieve stable currency-based income. You can learn about the currency-based income of the current quantitative team. Only the top teams can achieve an annualized rate of about 15%. warehouse risk.
HashKey Hub COO Audrey said that the development of Staking requires the joint efforts of industry builders to lower the cognitive threshold and technical threshold of users. Audrey believes that HashKey Hub is working to lower the cognitive threshold of ordinary investors and allow more ordinary investors to accept the investment method of Staking. HashKey Hub will also work to lower the technical threshold of Staking, making it as easy for users to participate in Staking as buying financial products. Audrey also hopes that more POS projects can be popularized through staking. Just as the best way to understand a company is to buy its stocks, the best way to understand a POS project in the future is to participate in its staking.
The founding partner of Continue Capital and the founder of Bodhi Lin Xinghong mentioned that when pos comes, the exchange becomes one of the important participants in pos. This is both centralization and decentralization. Looking at it now, there would be no entire industry without Bitcoin, and no other industries without pos. The reason for saying this is that the computing power of Pow will eventually be concentrated in a few places (institutions), and the remaining companies or institutions can only choose to develop without robbing resources. In the future, staking will be standard for every entrepreneurial project, and more and more entrepreneurs choose staking. Staking is the best and energy-saving, and allows more people to join in the consensus mechanism. Taking a fancy to staking is to take a fancy to the nature of value, which makes up for the value of staking in this ecology. What the blockchain can do is definitely not possible on the traditional Internet.
Nirvana Capital Partner Mable Jiang said that staking is not a real bank wealth management product, but more like a product of selling spot and buying futures. For many people, staking is risky. Staking can also be understood as the active choice of users, who decide to put their assets into pledge because they recognize the value of the network. The role of capital in the ecology should be the person who asks forward-looking questions. For example, think about how Staking assets can be further used on the asset side of lending, how to make nodes reduce the risk of rigid redemption through financial engineering design, etc. In the future, staking will become a tool for on-chain governance and a way for everyone to participate in community decision-making. In the future, everyone can punish evildoers through voting and forking in the ecology.
