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)

, reprinted by Odaily with authorization.

The hottest thing in the past few days is UNI. At least 400 UNIs have been sent to each address of old uniswap users, and a total of 150 million UNIs have been sent out. When UNI went online, the price fluctuated between 2 and 4 dollars.

In other words, uniswap airdropped 300 million to 600 million US dollars to old users at once. This is an event recorded in the history of the currency circle, and the protagonist of this event is this man.

Only a few days later, the price of UNI rose to $7, and the free 400 UNI was changed from $1,000 to $2,800. The key is, have you got your UNI?

secondary title

1. Is UNI mining currency a value currency?

UNI was airdropped to everyone for free, and then mining started again, and many people sold it. According to statistics, 400 UNIs out of 32,000 accounts were sold for less than $5.

For mining coins, the idea is to dig and sell them to make money steadily and not to be a catcher. It is estimated that many people sell them for this reason.

Cao Yin summed up three types of people who make money from defi farming:

The first type of people are long-termists who study and are optimistic about the project. As long as the project is approved, they will directly invest in large funds for farming, and do not care about short-term currency price fluctuations.

The second type of people, bottom-buying investors, are those who have a deep understanding of the price and supply-demand relationship in the high apy period of the farming project in the early stage, who can accurately detect the changes in the supply-demand relationship, are keen to find the bottom, and dare to buy the bottom with a lot of money.

The third type of person is digging, selling and picking up machines without emotion.

Among these three types of people, the first two people eat meat, such as the early members of yfii, and the third type of people eat soup, such as Andre who digs and sells yfii for $120

Cao Yin also summarized two types of people who lose money in defi farming:

The first type of people, those who follow the trend, do not research projects, do not participate in the community, and ride the roller coaster along with the currency price.

Let’s talk about mining coins first. Many mining coins have no value support, or you don’t know what the utility of mining is? A lot of mining is repeated dolls, layer by layer. For such mining coins, mining, selling and making money steadily.

Is this true for uniswap? Of course not, the daily trading volume on uniswap is more than 400 million knives, and it is still growing rapidly. Therefore, the mining of UNI is valuable as a support, and uniswap has become an indispensable tool for defi players.

The exchange is a big track to make money. Uniswap is a DEX that challenges the three major exchanges. Uniswap is the leader in the DEX track. How profitable is it, and the data is directly linked to the chain, clearly, and there is no problem of optimizing data.

So how to value UNI?

secondary title

2. Where will the market value of UNI go?

After looking around the big V, everyone actually doesn’t know how to value UNI. After all, UNI is different from BNB, OKB, HT, etc.

How to value UNI, I don't know how to calculate. Then change the way of thinking, can UNI enter the top 10 market capitalization? Take a look at the top 10 coins by market capitalization.

Do you think UNI is more valuable and imaginative than some of the above coins? If so, what is the probability of exceeding it?

I personally feel very much. Uniswap is a product that has been in operation for more than 2 years. The number of users, funds, and transaction volume are all placed there. Uni is a bright future drawn on a certain business basis.

Of course, what is the use of holding uni? Now uni is a governance token, not a dividend token. But governance tokens have greater rights and interests, because governance tokens can vote to make uni have a dividend function; but dividend tokens cannot make it have governance functions. The short answer is that if you hold the three major platform currencies, you have no governance function.

For the governance function of uni:

Uniswap, as long as you have more than 1% of the total amount of UNI, you have the right to propose;

When the net number of votes is greater than 4% (agree-against), you have the right to list currency;

If an institution has about 5% of the circulation, it will get the right to list the currency on the UNI default list

For large funds, the first consideration is safety, and the second consideration is rate of return. With so much money in, we value the safety of uni and the annualized interest of more than 50%.

Subsequent mining transaction pairs rely on UNI to vote, whether it means that the transaction pair can be mined, then the market demand for it will suddenly increase, thereby driving up the price, resulting in the "UNI mining effect", which can be slowed down. Slow down.

Then it is very valuable to hold UNI and vote for the currency pair that can be mined.https://unipig.exchange/

There is a poll on twitter, which one would you choose?

secondary title

3. uniswap L2 experience