Editor's Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Chatting with Xiaozha (ID: xiaonazha88)
Chatting with Xiaozha (ID: xiaonazha88)
, reprinted by Odaily with authorization.
The exciting thing is that there is a problem with the Rose (Rose) contract, and 7 million U is locked, but it is said that it can be recovered; the exciting thing is that Bzx was hacked again. Fortunately, the assets were recovered, and there is no danger.
The lively thing is that the BakerySwap on Binance was excavated last night. Some people made money and some lost money. It was too lively, and there were not many opportunities left for everyone.
After the suspension of sushi on ETH, there are still Moon, safe, sake, and boba that can be mined.
YAMV3 will come out soon, and it will be launched this Friday, September 18th, and the innovators are back.
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1. It’s too hot, more people, less opportunities
Binance SmartChain Bread (BakerySwap) started mining last night.
There are hamburgers paving the way ahead, which made many people who rushed in at the first time earn a wave. Then BakerySwap came next, which naturally attracted the attention of many people.
The amount of funds rushed in last night seemed not small, and the high rate of return of BakerySwap was wiped out in a short while. The rate of return of those 1 pools, such as BUSD-BNB, ETH-BNB and other pools, can be reduced to an annualized rate of about 400% in one hour. This annualized rate of return is indeed not high. In DeFi mining, it is very low. When I woke up in the morning, the annualized rate of return had dropped to about 150%.
I asked my friends who participated in BakerySwap mining, and the reply they gave was that it was too fast, and the rate of return dropped too fast, so it was impossible to play.
What's more, some people say that 1,000 BNBs have been taken in and there are only 5 left.
Of course, if someone loses money, someone will make money, otherwise where will all the lost money go.
This shows that the information of hot projects has been fully interpreted by the market, and the opportunities and risks in them have also been identified by everyone. If the information gap is eliminated, then it is difficult to fight for technology. If there is no technical and operational advantage, it will be difficult. Get a profit from it.
Here I want to remind you that Pool 2 is a very dangerous pool, where huge profits and huge losses go hand in hand. Here you can refer to wdtcll's article "The Mystery of the Matryoshka Mining Game" and "The Best Time to Enter and Exit the Matryoshka Mining Game". The article uses a model to interpret the best entry and exit time in the nesting doll mining game.
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2. Mining is like a capital game
DeFi mining, which was just a way of distributing tokens at the beginning, has evolved into a funding game. Many mining projects do not have actual business as a support, and there is not much innovation in the gameplay. In order to make the capital game continue, mining projects come out one after another, and they are mutually matched.
Increase the demand for tokens in the market, thereby stabilizing the price of tokens in the short term.
But if you think about it, DeFi liquidity mining, if you show it to the CX team, will they exclaim, my brother can play.
Whether it is DeFi made by the CX team or a project that looks like DeFi, everyone should pay attention to risks. After all, the forest is big, and anything can happen.
In the wallet, the DeFi project marked as "real name" will also have contract problems, and the funds will be locked.
If you grab the top mine, you will have high profits; but if you grab the top mine, you will also have great risks. Without the advantages of information and technology, it is really a big risk to start a first mine, and if you don't do it, everyone will be buried in it at once.
However, it is possible to get back the 7 million U locked in the Rose project, and I hope to get it back.
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3. Sweet potato (YAM), the return of the king
In the early hours of this morning, YAM released information that YAMv3 has undergone a complete audit, and the problem has been basically resolved. It will be migrated online on September 18 (Friday).
