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J.A.E
@JulianLuck1121
Journalist, focusing on Crypto; Here are my reading notes; NFA & DYOR don't represent @PANewsCN.
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预测游戏应用Trepa与聚合交易终端Fireplace先后关停,警示无非就三条: 1⃣极简即正道:消费类产品的机制设计越复杂,转化留存的衰减就越快; 2⃣正视流量虚胖:剥离虚高的活跃数据,有机用户可能就几十万; 3⃣避开流动性吸血:若无法自建流动性,就逃不出被两大龙头压制的处境。
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Robinhood Chain上线后,DEX周交易量从第二周的峰值约45.71亿美元,降到了目前的22.74亿美元,基本腰斩。 不过,其它链上指标却在同期创下新高,TVL 4.39亿美元,稳定币市值5.81亿美元,周交易笔数4,914万笔,单笔DEX交易额约46.28美元。
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以太坊上承载着大量RWA,机构能直接在主网实现“美债基金↔USDC”的即时赎回与转换。 USDC在HyperEVM上的扩张是建立在衍生品交易与HLP资金池的硬性需求上。Circle在HyperEVM上部署CCTP,打破了跨链封装代币模式的资金壁垒。用户可以把原生USDC存入到HyperEVM上,也催生了庞大的稳定币铸造需求。
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Ethereum and HyperEVM accounted for most of USDC's growth over the past year USDC market cap increased by $7.5B on Ethereum and $5.6B on HyperEVM, while every other chain added less than $400M
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在 Curve Launchpad上,平台常会在定价曲线之外嵌入较高的隐性Spread,外加Coin毕业到DEX的抽成费用,成本结构天然就容易让用户亏损,还会被机器人抢跑夹击。
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This mindset assumes people want to use highly extractive, shady platforms We’re making the opposite bet - that users will prefer quality tech + a level playing field Another irony is watching people try to frame lower pool fees as more extractive or anti builder Quite the opposite, high spreads are how most launchpad extraction happens. The ultra high 1% pool fee (aka 2% spread) is the primary method of extraction It also significantly worsens liquidity - as a token grows a 2% spread pool becomes useless, so the launch pool is wasted liquidity 0.25% fee tier pools will work well even as they grow - and extract far less from the traders using the platform And autocompounding fees will grow that liquidity even further over time Another irony - high LP fees are bad for traders but sometimes necessary to compensate LPs taking on significant price risk. In the case of launchpads, the LP is locked liquidity at a 0 cost basis. There is no risk to compensate The Uniswap team is the best in the industry when it comes to AMM design and onchain liquidity, and when we build a product it’s because we think we can create value for our users and the industry If we make some decisions differently from other launchpads it’s born out of this perspective The traders deserve better trading systems. We’re here to help 🫡
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【🚨重要提醒】PANews CEO Sunny Ng @SunnyNgPA 的Telegram账号已被盗,请立即停止信任该账号发出的任何消息! 如果您近期通过该Telegram账号收到任何涉及转账、投资、私钥/助记词索取、二维码扫描、链接点击等请求,请勿理会,均为诈骗行为,与Sunny本人及PANews无关。 我们已在处理账号找回事宜,后续如有进展会第一时间更新。如有任何可疑消息,请直接通过PANews官方渠道核实: X:@PANewsCN 官网: 请大家提高警惕,避免财产损失,也请协助转发提醒身边可能受影响的朋友。
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7月底,两部门宣布个人将财产装入离岸信托以及通过离岸信托取得收益应申报缴纳个人所得税。 6月底, @circle 获得OCC批准成立国家信托银行。那么,它是否有机会承接这波可能外流的资金呢?
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上周继四大头部DeFi协议发布重磅产品更新之后, @Raydium@0xfluid 也接连推出了许可制借贷跟交易市场,来支持合规RWA上链。
'@Kalshi 将集成 @talostrading ,在预测市场引入机构级的交易基础设施。 Talos在机构端拥有较高的渗透率,虽然表面利好机构,但对散户实际上也有益处。它将吸引做市商和对冲基金入场提供流动性,从而收窄买卖的点差,进一步提升预测市场的有效性。
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Talos is bringing prediction markets onto institutional trading infrastructure. Through an integration with @Kalshi, Talos clients will be able to access to Kalshi's event contracts and crypto perpetuals via the same institutional platform they use to trade digital assets, using execution algos or block RFQ trading. Meanwhile, dealer clients will be able to distribute Kalshi's markets to their end customers, depending on jurisdiction. ➡️ Read the announcement: 🎙️ "Working with Talos gives our institutional buy-side and sell-side participants a path to Kalshi that fits inside the infrastructure they already run.” — Andy Ross, Head of Institutional, Kalshi 🎙️ "Trading is moving to 24/7, prediction use cases are growing rapidly, and every asset class is migrating to digital rails. Talos is building for that future." — Anton Katz (@KatzAnton) CEO and Co-founder, Talos 🎙️ "Prediction markets are emerging into a credible institutional asset class, and firms that engage early will help shape the market structure." — Matthew DeCicco, MD Head of Digital Assets for Global Markets at Cantor Fitzgerald (Talos client and design partner) #PredictionMarkets# #Kalshi#
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Bitmine明天发行永续优先股BMNP,盘一下它的基本情况。 1⃣财务安全垫:BMNP总规模为3亿美元,年化股息率9.5%,每年需要支付的固定股息为2,850 万美元。 Bitmine现在的现金储备是2.47亿美元。也就是说,Bitmine光靠现金储备,就足够给优先股股东发放8年半的股息。 2⃣质押现金流:目前,Bitmine持有554万枚ETH,且已经把其中85%以上投入旗下的MAVAN质押网络。 按ETH价格1700美元,年化收益率约3%计算,Bitmine每年将产生超过2.8亿美元的质押收入,对年化股息支出的覆盖率接近10倍! 3⃣流动性溢价: ETH是生息资产+股息按周结算,风险补偿更高,不需要给到头部BTC DAT水平的高股息。
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