马里奥看Web3
Web3 开发者、研究员和作家 🧑🏻💻 继续学习和分享 #Web3 #Blockchain
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In general, the launch of Aave Umbrella has optimized the pressure on the supply side of AAVE tokenomics and improved capital efficiency from the perspective of the project. However, it is necessary to observe the impact of the transition of participants in the original incentive scenarios on the protocol. As for stkGHO participants alone, they may need to find other yield scenarios.
马里奥看Web32025-06-04 11:00
In general, the PT leveraged mining strategy of AAVE+Pendle+Ethena is not a risk-free arbitrage strategy, in which the discount rate risk of PT assets still exists. Therefore, participating users need to objectively evaluate, control the leverage ratio, and avoid liquidation.
马里奥看Web32025-05-21 04:00
There are two main reasons for the current pullback in the cryptocurrency market. First, from a micro perspective, the successive hacker attacks have caused concerns among traditional funds and heightened risk aversion. Second, from a macro perspective, DeepSeek's open source week further burst the US AI bubble, coupled with the actual policy direction of the Trump administration, which on the one hand triggered market concerns about US stagflation, and on the other hand started the revaluation of China's risky assets.
马里奥看Web32025-02-27 11:00
In general, zkTLS is a new technology that combines zero-knowledge proof (ZKP) and TLS (Transport Layer Security Protocol). In the Web3 track, it is mainly used in the on-chain virtual machine environment. It can verify the authenticity of the off-chain HTTPS data provided by it without trusting a third party.
马里奥看Web32025-02-24 06:00
"Trump's coin issuance" marks the official return of neoliberalism in the United States. Survival of the fittest and wild growth will become the main theme of this new era. More specifically, in the context of deregulation, Web3 will take up the banner of financial innovation in the new cycle of the United States.
马里奥看Web32025-01-23 02:09
In general, I believe that the prices of many high-growth risky assets, including the crypto market, will continue to be suppressed in the short term. The reason is that the U.S. Treasury market has been adversely affected by the increase in term premiums and higher medium and long-term interest rates. The reason for this situation is that the market is pricing in the U.S. debt crisis.
马里奥看Web32025-01-13 07:00
In general, looking back at 2024 and looking forward to 2025, I think it is appropriate to summarize it in four sentences: from grassroots to universal, from chaos to order, from depression to bubble, and from conservatism to reform. Next, I will share my thoughts and prospects with some events that I think are more representative.
马里奥看Web32025-01-06 05:00
The cryptocurrency market experienced a large pullback last week, which was generally attributed to the so-called "hawkish rate cut" by Federal Reserve Chairman Powell, which triggered concerns in the risk market about inflation and economic recession. However, according to the author's analysis, this is probably only a secondary factor causing capital panic. The real impact lies in the strong pressure on Congress's short-term spending bill initiated by Trump and Musk last Wednesday, and even the uncertainty caused by threatening to cancel the debt ceiling rule, which triggered the risk aversion of funds.
马里奥看Web32024-12-24 02:00
The reason for the recent market volatility is how to continue to capture incremental value after BTC prices break through new highs. My view is that the key is to observe whether BTC can take over from AI and become the core of driving economic growth in the new political and economic cycle in the United States under Trump's administration. The game here has already begun with the wealth effect of MicroStrategy, but the whole process is bound to still face many challenges.
马里奥看Web32024-12-16 05:00
I think the reason for the rise in MicroStrategy's stock price is the "Davis Double Click". Through the business design of financing the purchase of BTC, the appreciation of BTC is tied to the company's profits. The financial leverage obtained by combining the innovative design of traditional financial market financing channels enables the company to have the ability to achieve profit growth beyond the appreciation of the BTC it holds. At the same time, as the holdings expand, the company has a certain BTC pricing power, further strengthening this profit growth expectation.
马里奥看Web32024-11-27 03:00
In general, I think there is no problem with the long-term trend of ETH, because there is actually no direct competitor in the market. Because in the narrative of Ethereum, the key to the positioning of "decentralized execution environment" is "decentralization" rather than "execution environment". This basic situation has not changed. There are two core reasons for the current bottleneck of ETH development. One is that the Restaking track has caused a vampire attack on Layer2 of the mainstream technology development path, diverting a large number of resources from the ETH ecosystem. And the core mechanism of Restaking will not create incremental demand for ETH, which directly leads to the inability of the application side to obtain sufficient development resources and user attention, and promotion and user education have stagnated. The second is that the key opinion leaders of the Ethereum ecosystem are becoming aristocratic, forming a class of interests, and the developer ecosystem lacks sufficient incentives, so innovation is naturally weak.
马里奥看Web32024-10-28 07:00
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