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.

ETH can also rise like an altcoin, rising by more than 40% in one day.

Of course, if there is a sharp rise, there will be a callback, and the subsequent callback will cause a lot of losses to many people who are long on the contract. Contracts make money quickly and lose money quickly. Without that technology, making contracts will make you take the lead in the bull market and lose your bargaining chips.

There are also downsides to the rise of ETH. For those who play DeFi, it can be said that they can eat a luxurious Haidilao meal with one operation. A transaction on uniswap yesterday cost me $100 in gas fees, which is too expensive.

So the question is, what is beneficial for the rise of ETH?

Personally, I think it is beneficial to the DeFi ecology, and a rising tide lifts all boats. The rise of ETH has brought more funds, and DeFi plays with assets, so it is a direct benefit to DeFi. The most intuitive thing is that the lock-up funds have skyrocketed, and indirectly, players have more money to play DeFi, thus Promote the rise of DeFi assets.

Next, let’s talk about the popular hotspot in DeFi, the algorithmic stable currency.

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1. Algorithmic stablecoins, after a wave of baptism, seem to be restless again

Algorithmic stablecoins are a big track. Stablecoins were originally the playthings of large institutions. Now that algorithmic stablecoins are released, retail investors have the opportunity to surprise institutions.

But the algorithmic stable currency in the first stage is a ZJP, which is a capital game, and players are in a state of speculation. A qualitative change will not occur until the market value of the algorithmic stablecoin grows to an order of magnitude. This is like BTC. The bigger the BTC grows, the stronger the consensus will be.

Algorithmic stablecoins have gone through three stages: the first stage of AMPL, and imitation disk RMPL, BASE, etc.; the second stage of ESD, and imitation disk DSD, etc.; the third stage of Basis, and imitation disk ONS, BCS, MIS, etc. .

1) AMPL slowly returned to around $1, in a state of micro-inflation;

2) The ESD is underwater and has not risen yet;

3) Basis seems to be starting a new era of inflation.

The following mainly analyzes that Basis may enter a new stage, and talk about the algorithmic stable currency on the Huobi HECO public chain.

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2. Basis, the king of popularity, has a new round of inflection point signal appeared?

Basis is at the bottom of a stage. According to personal observation, Basis may soon get out of the bottom and start a new era of inflation. Here are my observations.

1. Basis funds are not panicking at all, and the market confidence is very strong

Whether the market confidence is strong or not depends not on words, but on the choice of funds to speak with actions.

In the Basis three-coin system, BAC’s funds are very strong, especially after the collapse of the imitation market, all the funds of BAC’s free prostitution flowed back to the BAC-DAI trading pair, not a smashing return, but a market-making mining of reflux.

The locked funds of BAC-DAI rose by 37%, reaching 150 million US dollars. Judging from the K-line of the liquid market value, it is obvious that it has reached a higher level. This shows that the market is optimistic about the Basis algorithm stablecoin, and the market sentiment is stable, so take action to do more.

2. The BAS market adjusted, and there was an inflection point signal

I personally counted the data of BAC and BAS after 8:00 every morning, and drew the market value chart of BAS and BAC, as follows.

Looking back at the past, I found an interesting pattern. When the BAS market value line crossed the BAC market value upwards, a new round of inflation began.

Today, the BAS market capitalization line is interspersed with the BAC market capitalization line. If you follow the previous rules, you will soon enter an era of inflation.

1) The price of BAS rises, and the market value of BAS rises, so the BAS mined by BAC-DAI will be valuable, that is, the mining revenue will increase, which will stimulate players to participate in mining, and then push up the price of BAC.

2) If the price of BAC rises above 1.05, then BAC will be inflated, which means that BAS holders can receive dividends, and the price of BAS with dividends will also be pushed up;

3) BAS and BAC promote each other to start a new round of spiral upward, of course the process will not be so simple.

This explanation is not necessarily correct, share and discuss. If Basis starts a new round of inflation, it will open up market space for imitation.https://htswap.io/rebasesecondary title

3. Huobi HECO chain, SDC algorithm stable currency

As for the imitation disks of algorithmic stablecoins, many have appeared on BSC and EOS. This will be the Huobi HECO chain, and it will also come to play with algorithmic stablecoins.

SDC Algorithm Stablecoin Launched on Huobi Ecological Chain

, the rules are as shown in the figure below.

My personal understanding of SDC: SDC is an AMPL-type imitation disk. It adopts the mining method for distribution, but the share given to the prostitution pool is very small, and it is rebase once every 2 hours.

SDC conducted an early bird event to raise funds for liquidity. I checked the early bird recharge status of SDC. As of writing, the recharge amount reached 219%.

SDC background check: SDC is obviously done by HTSWAP, so who is HTSWAP?

ANYSWAP is a cross-chain DEX, also called ANYSWAP on Binance Smart Chain, and HTSWAP on Huobi HECO.