Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Block beats BlockBeats (ID: BlockBeats)
Block beats BlockBeats (ID: BlockBeats)
, reprinted by Odaily with authorization.
AC moved quickly. In less than a month, as many as 7 DeFi projects were included in the bag, including Hegic for derivatives, Pickle for smart pools, Cream for lending platforms, Powerpool for governance platforms, and Cover Protocol for insurance products. , Polkadot DeFi governance project Akropolis, exchange platform Sushiswap, and the just-announced cooperation between KP3R and ChainLink. There seems to be a standard process, down to the format of the content of each tweet by the AC.
Similarly, each tweet will bring about an exaggerated increase in the secondary market for their respective protagonists. PICKLE’s 80% increase, CREAM’s 70%, and SUSHI’s 30% increase may have been considered the worst performance. The two letters AC have gradually become a concept, and many people have begun to bet on other DeFi projects, hoping to catch this "AC concept" train.
So, who will be next?
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Stablecoin exchange
Image source: COIN98
According to this logic, let's see what territories are still missing in the AC empire, and which project will AC choose to hand in hand? .
Stablecoin exchange
Stablecoin exchange has always been a vital part of the DeFi field. Compared with general-purpose exchange products like Uniswap and Sushiswap, stablecoin-exclusive exchange products allow users to enjoy lower slippage and lower transactions cost.
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synthetic assets
Image credit: Defipulse
Perhaps the first thing people think of is Curve's fork project Swerve. Swerve's concept of no private placement and no pre-mining is also very consistent with AC's community concept. Curve's total lock-up volume ranks 6th in the total lock-up volume list with 918 million US dollars, while Swerve has only 28 million US dollars. We can see that compared with Curve, Swerve is more likely to become the support object of AC.
Another possible option is mStable. Although it initially received investment from Alameda Research, the parent company of FTX, it was later revealed that its share of private equity tokens was suspected to have been unlocked in advance, which eventually caused its token MTA to plummet by 40%. At the same time, mStable has its own stable currency mUSD, which may have a certain auxiliary effect on the future development of the yEarn ecosystem.
synthetic assets
If you want to introduce more physical assets into the encrypted world, using synthetic assets is the most efficient solution.
Synthetic assets are one of the most difficult parts to design in the DeFi field. Unlike the diversification of decentralized trading platforms, decentralized lending platforms, and aggregated income platforms, there are not many competing projects in this part.
The first thing that comes to mind in the field of synthetic assets is Synthetix, which is an old-fashioned DeFi asset derivatives protocol. On the Synthetix platform, large amounts of synthetic assets can be directly traded at the current price without slippage, and transactions can only be paid in sUSD. sUSD is also generated from SNX mortgage. sUSD is also one of the important stablecoins in the DeFi industry today.
As early as October 21, AC participated in a conference call with the Synthetix team to discuss KP3R-related issues.
In addition to Synthetix, there is also UMA in the field of synthetic assets. Today, UMA's lock-up volume is maintained at about 45 million US dollars, and its market value is 430 million US dollars. UMA has received investments from Placeholder, Dragonfly, and Coinbase. Users can leverage the UMA Synthetic Asset Creator to create on-chain synthetic assets to track the price of any real-world asset. Contract templates can use price indices outside the Ethereum blockchain, and building financial contracts requires depositing collateral, or “margins.” The difference with Synthetix is that collateral and debt are isolated in UMA, which reduces systemic risk, but subsequently reduces certain liquidity.
Although the development of Synthetix and UMA has reached a certain scale, if AC is willing to enter this field, these two projects may be his first choice.
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