Dr.DODO brings you our newly launched weekly brief - DODO Megascope, which covers the following sectors:
-
Crypto Headline
-
Governance Updates
-
Sector Delivery
-
Data check
-
CT Insights
👀 |Crypto Headline|
-
Hacked Crypto Market Maker Wintermute Has $200M in Outstanding DeFi Debt.
-
‘Game of Thrones’ Enters the Metaverse With Funko Digital Pop NFT Collection
-
Nasdaq preparing to launch an institutional crypto custody service.
🗣️ |Governance Updates|
-
Acala’s first phase of voting on resumption of operations has now started. If the vote is passed, liquidity providers will be able to withdraw liquidity after block height 1939200 (expected to occur on September 26).
-
Synapse will deploy the nUSD / NOTE liquidity pool on Canto and allow users to trade NOTE (Canto Eco Stablecoin) for other Stablecoins on other Synapse supported chains.
-
The Curve community initiated a vote to provide incentives for the CRV/yCRV liquidity pool. yCRV is the LP Token of the DAI, USDC, TUSD, USDT liquidity pools in Curve on Yearn.
🍀 |Sector Delivery|
DeFi
-
Pancakeswap launched the stableswap function, and the first trading pair is the HAY-BUSD pair of the collateralized stablecoin Helio.
-
Liquity launches Chicken Bond feature designed to increase protocol liquidity with zero token emissions.
-
Lido MEV boost relay has passed the Statemind license list audit with no critical vulnerabilities found.
GameFi&NFT
-
Chiru Labs, the team behind the Azuki NFT series, has raised $30 million in Series A funding.
-
OpenSea will add support for the Ethereum Layer 2 scaling network Arbitrum.
Infra
-
South Korean blockchain software development company Onbloc has launched Gnoland web browser Gnoscan, which currently supports viewing of accounts, transactions, blocks and other information. In the future, GRC-20, NFT and some network indicators will be viewed.
-
Sui ecosystem API and node service Shinami announced that it is building foundational developer infrastructure to power the next wave of dApps, built on Sui.
VC
-
Cryptocurrency data and analytics firm Messari has closed a $35 million Series B funding round that was led by Brevan Howard Digital.
-
DID Social Platform TwitterScan raised $4.56 Mn Seed Round Led by Redpoint Ventures.
-
Footprint Data a one-stop on-chain data analytics platform, has completed a $2.65 million Seed+ round.
✨ |Data check|
The #RealYield Real Yield narrative stems from a discussion of GMX Yield. GMX holders get 30% of the total platform revenue, while GLP holders get the remaining 70%. Important: These fees are paid in ETH or AVAX, not an additional issuance of platform tokens. The criterion for assessing the true benefit can be: average the total fees captured in the previous period minus the emission of the protocol tokens in the same period, and then divide by the total fees for this period.
- @DeFiman released a survey of real yield protocols that concluded that only 2 of the top 20 blockchain protocols fit the sustainable #RealYield narrative. The two protocols are x2y2 and GMX.
-
It is calculated as: Net Revenue = Protocol Revenue - Value of Protocol Emissions. Since some protocols work on a block-by-block basis while others work on a custom epoch basis, each protocol can be annualized for comparison. Does not take into account the total supply of staked/locked vs. unstakes/unlocked, nor the distribution of fees between token holders and the DAO.
-
Distributing real benefits and distributing real benefits sustainably are two concepts that need to be treated differently. There are 6 protocols that distribute real earnings to token holders: Synthetix, GMX, LooksRare, X2Y2, Convex, and Curve. During the statistical period, the protocol with the most weekly distribution is Synthetix. However, since Synthetix's net income is negative, the sustainability of its real distribution is questionable.
- Lama Airforce, the data platform officially linked by Curve, shows that, except for the steth pool with the highest TVL and the second-highest 3pool, which gradually show a trend that the fee income is greater than the additional issuance, the remaining guages are almost always in a state where the additional issuance is greater than the fee income.
- Synthetix rewards SNX stakers with two income streams: SNX inflation and sUSD trading fees. $SNX stakers receive an APY of 57.5% which includes 51.6% from SNX inflation yield and 5.89% $sUSD trading fees.
-
#RealYield can indeed be used as an indicator for evaluating a protocol, but evaluating a project should start from more dimensions. We should treat real return indicators reasonably and avoid their memeization.
-
Source：
🎵 |CT Insights|
-
Succinct Labs teases end game of cross-chain interoperability product:
-
Introduction to Cosmos Ecosystem and ATOM 2.0: