If there is only one theme in the blockchain in 2020, I think it must be DeFi. What public chain, what storage, and what cross-chain are not worth mentioning in front of DeFi. After all, DeFi has evolved from a so-called "Ethereum Self-rescue Scheme" to a general direction of blockchain development that everyone can see and feel.
After exploring and developing blockchain for so many years, we finally found a real landing scene with stories and data. Can you not be excited? The blockchain in 2021, no accident, the whole theme still has to revolve around DeFi.
The recent market can also prove this point. In the two weeks when Bitcoin fell from a high point of more than 40,000 to an early 30,000, DeFi blue chips and high-quality second-tier currencies not only resisted the decline, but also rebounded rapidly after Bitcoin stopped falling. Not only has it recovered its lost ground, but it has repeatedly hit new highs, and its face is furious without looking at Bitcoin at all.
The first month of 2021 is coming to an end. In the past month, some new signs appeared obviously in the direction of DeFi. I will use the next two articles to give some simple introductions to these new signs and some unreliable predictions, hoping to add some ideas to readers' investment in the next 11 months.
<strong>01 what is the DeFi in 2020?</strong>
To put it simply, DeFi in 2020 mainly focuses on Dex, metonymy, liquidity mining and income aggregation, first-generation derivatives, first-generation insurance and first-generation algorithm stable currency.
The biggest DeFi context in 2021 must be to upgrade the original general direction on the basis of 2020, while keeping exploring new directions, in which the algorithm stabilizes the currency upgrade.
<strong>02 advanced DEX</strong>
Uniswap、Sushiswap、KNC、LRC、CRV
On the whole, the advanced DEX in 2021 aims at better slippage, lower unpaid loss, faster transaction speed and lower Gas cost.
Specific to several representative projects, each one has something worth talking about.
Uniswap: well-deserved boss, V3 is what everyone is looking forward to, after all, Gas is too expensive now.
More importantly, compared with the improvement of trading experience, the choice of L2 by Uniswap V3 is of great significance to the development direction of the industry.
When each Layer2 entered the Warring States Period and ETH's "official" attitude was unclear, several leading DeFi were of vital guiding significance to the choice of Layer2.
Uniswap may be the leading one with the heaviest voice. From the current message, the high probability will be Optimal Rollup.
Sushiswap: The current daily trading volume is also rising day by day, and there are more and more integrations with other projects. There is a tendency to "sharpen the knife and move to Uni". From a Fork imitation, it has experienced various storms, and it is really not easy to walk all the way to today.
The road map for 2021 is exciting. Readers who haven't seen it must remember to search it online. Sushi will definitely do three things in 2021: release metonymy BentoBox, cooperate with more heavyweight projects and integrate L2 (at present Zk Rollup is more likely).
KNC: Once a brother of DEX, now he can only be regarded as a second-line player. In recent days, KNC announced the 3.0 plan to introduce a new DeFi innovation called Dynamic Market Maker (DMM) to eliminate the problems faced by the popular DEX.
For example, low capital efficiency and high slip point-however, the 3.0 road map has been extended to the second half of the year. I wonder if the day lily will be cold when it comes out.
LRC: the light of China, a project praised by v god every day, version 3.6 finally went online, and AMM was also launched, and it was AMM of Zk-rollup! Technically and theoretically, if all the liquidity of UNI can be migrated to LRC, users will get 100 times faster transaction speed and 100 times cheaper transaction cost ...
But is this possible? Obviously impossible, the blockchain world is NO.1 completely decided by technology, and the moats such as ecology, user impression and combinability are equally important, and Uni is duty-bound in these aspects. In any case, we finally have a real DEX based on Rollup. in 2021, let's see how LRC can contribute to "advanced dex".
CRV: The limelight is booming recently. To what extent? That is, to the extent that BTC has fallen, I have to rise against the trend. In addition to the growth of my own business volume, the ratio of mining release selling pressure and income has gradually declined, the recent cooperation with SNX and synthetic assets is also a very bright growth point, which makes people see many possibilities in the future. The specific reasons will be explained in detail in the next chapter on synthetic assets.
In addition, CRV cooperated with AC legion to issue crv.finance, which supports anyone to create unauthorized curve pool for DAI, USDC or USDT exchange.
At the same time, Curve Metapool was launched, initially supporting three popular algorithms, namely Frax Finance, Basis Cash and mithcash, to stabilize currency. In a word, the action is constant and the business is soaring.