Speed ​​reading | Can EOS and Cosmos be in the DeFi field and Ethereum

Author: True Satoshi

Today's content includes:

1. Does Ethereine eat Defi? Still said that they will lose to these new competitors.

2. The narrative of Bitcoin and Decred

3. “When will institutional investors join the Bitcoin feast?”

4, SOV and four turning points

5. What if Bitcoin is not "that one"?

1 Does Ethereine eat Defi? Still said that they will lose to these new competitors.

The article mainly introduces Defi's competitors in Ethereum. The current Defi development is in full swing, but most of the Defi projects are based on Ethereum. The decentralization, network effects and development tools of Ethereum constitute his Defi moat. Synthetix's team decided to build their DeFi products on Ethereum and EOS, but concluded that it was a waste of time to build a DeFi platform outside of Ethereum.

But the competitors of Ethereum really have no chance? This article attempts to answer this question by examining the DeFi infrastructure of competing projects and evaluating the potential of these agreements to win the upcoming DeFi war.


EOS is the most mature Ethereum competitor and has attracted a lot of games and gambling dapps. However, for DeFi applications, the success of EOS is very limited. Although many DeFi efforts have been made in the EOS ecosystem, most of them are only slightly modified versions of the counterparts to Ethereum.

Pizza (USDE) and Equilibrium (EOSDT) attempted to replicate MakerDAO (DAI) for the EOS ecosystem. The EOSDT system has approximately 5 million EOS collateral (approximately $19 million), insignificant compared to MakerDAO's $290 million ETH collateral

The most famous DeFi application in EOS is the lending platform EOSREX, which allows resource lending in EOS. Although the value of EOS locked in EOSREX is higher than the value of ETH locked in MakerDAO and Compound, the actual borrowed amount is smaller than these two products. There are many decentralized exchanges on the EOS network, but there is no big transaction volume.

Cosmos :

Cosmos is a new competitor of Defifang Defi. By introducing DeFi into bitcoin, Zcash and Monero to pay the currency, DeFi migrated from Ethereum. Implementing these tokens' DeFi protocol as a stand-alone Cosmos Zone, the zone interacts with other Zone or Cosmos Hubs through the Inter-Block Inter-Chain Communication (IBC) protocol.

For example, Kava strives to bring XRP into the bitcoin-linked Zone of Cosmos and Nomic.io. Once these zones are running and the IBC bridge is up and running, the dapp Zone can follow. Nomic created the PoS Bitcoin sidechain to implement functions similar to WBTC and TBTC on Ethereum. There is also Microtick on Cosmos, trying to solve the problem of decentralized oracles.

Tezos :

Tezos has been working on the chain of agreements since ICO. However, with the development of the DeFi narrative, the Tezos Foundation began to focus part of this area. Now, the DeFi protocol has become the top of the Tezos ecosystem grant RFP list.

Perhaps the most interesting DeFi protocol built on Tezos is Checker, developed by Tezos co-founder and CTO Arthur Breitman. The information available indicates that the project will be similar to MakerDAO, but the stability mechanism will be different from MakerDAO. Another interesting feature of Checker is that the locked XTZ will qualify for the Tezos baking reward. If the community approves the offer, the XTZ lock support stable currency will earn a higher income than pure baking. Checker is expected to use MakerDAO's approach in Ethereum to become the cornerstone of the Tezos DeFi ecosystem.

Is the EFi of Ethereum threatened?

The answer to this question depends on two important factors. First, how the Ethereum community and influential participants respond well to the uncertainty of Ethereum 2.0 composability. The second is the mood of the developers and whether they are ready to change ships.

Full text link https://www.tokendaily.co/blog/dare-to-defi-away-from-ethereum

2 Bitcoin and Decred's narrative

The black bear brother of the Decred community, mainly about Decre's narrative, and compared with Bitcoin.

Although Bitcoin and Decred are on the rise in their respective lifelines, they all require three critical criteria to continue this upward rise (and adoption) as a robust value storage currency mechanism. – Computation – Market – Narrative

Bitcoin narrative

The narrative we see is no longer a simple financial institution that treats cryptocurrencies as a threat, but rather a centralized financial attack on a sound financial agreement. We have seen users of Bitcoin being described as drug traffickers, tax evaders, individuals involved in criminal activities and supporting terrorism, and turned into "they promote decentralized finance."

How is the cryptocurrency narrative promoted? Narratives are about agreements, they are about users, and they have to be mistrusted.

So far, the root of Bitcoin has been a form of rebellious value storage that has the potential to bring financial stability to a world facing financial uncertainty.

Bitcoin and cryptocurrencies have become "threats" against Rome, against Caesar, and against the state.

Decred's narrative

“From marriage to superhero to business to a country, every successful institution needs a story of origin.” In all these emotional stories telling us today, we must now ask ourselves “What is Decred's narrative? ”

A bitcoin developer is starting to search for multiple implementations of creating bitcoin. The developer's path spans the path of Monero's developers, and the idea ultimately leads to a better governance model that allows token holders to have sovereignty in the direction of the agreement.

The Bitcoin core sees this as a threat and lets developers who are implementing the implementation know this. Driven by the hostility of the core team, the implementation team realized the “oligarchic governance control” maintained by Bitcoin developers and ultimately chose to invest the time and effort of their new governance model into their implementation projects – Decred.

However, this is just story 1.0, how it was formed, including its origins, airdrops, initial development, and its adoption by the market.

Chapter 2.0 is currently being prepared. To date, it includes a greater degree of governance integration, implementation of policy enforcement, introduction of privacy, and growth in the use of sovereign individuals. As the narrative chapter continues to be written, it should be noted that a growing aspect of the story will usually include the duality of its predecessor, Bitcoin.

The most striking aspect of Decred's narrative is that it is "adaptable." It can become or become what its ruling people decide to be. These people will continue to publish their own sovereignty, personal and public rights, and narratives of sound governance.

In the words of analyst Lisa Cron, “It turns out that narratives are vital to our development – ​​more important than opposing arguments. Storytelling allows us to stick to it and tell us what we want to stick to.

Full text link https://medium.com/@imagnusholdings/decred-x-part-i-narrative-41f3e08599be

3 “When will institutional investors join the Bitcoin feast?”

This is the seven key highlights of the conference call hosted by Crypto Oracle. Four of the executives from the organization, including Matthew Walsh, co-founder of Castle Island Ventures in Boston, Matthew Le Merle, from San Francisco Eli Mizroch, co-founder and managing partner of Blockchain Coinvestors, Travis Kling, CEO and co-founder of Silver Castle Digital Currency Investment Group in Tel Aviv, is the founder and chief investment officer of Ikigai Asset Management

Seven key points:

#1This is the first real financial innovation in decades. Everyone wants to join this new asset class starting in late 2020 or early 2021, and we will start to see meaningful institutional involvement.

#2 Institutional Capital Needs Investment Theory (Thesis) Institutional investors have two main arguments. The first argument is "money supremacy", that is, money that is not controlled by the state. Taking a share of gold ($7 trillion) and/or offshore banking ($20 to $30 trillion) is a big market. The second view is "technology first", that is, the secret currency fundamentally re-architects the Internet itself by creating products and services that do not require platform locking. This will reduce the role of data monopolists such as Google, Facebook, and Amazon.

#3 Institutional investors need three key infrastructure categories to mature, first requiring compliance and sound supervision, the second is emerging regulated spot trading venues and futures exchanges, and the third is institutional size data. provider.

The #4 encryption market will be the same as other technology markets. One of the winners will occupy most of the market. Most cryptocurrency markets will become the most winners like the Internet. Therefore, the cryptocurrency VC is to obtain a diversified portfolio. And get the most unicorn to become the final winner.

#5 Digital reserve currency is coming, this is very useful for cryptocurrency/bitcoin. 2020 will be the year the organization prepares for the world of digital trading assets.

#6 is still early, but there are already many institutions in the market that are usually young people who are driving the interest of the organization.

The #7 macro background is very good for Bitcoin. We now have $17 trillion in negative-yield sovereign debt, and the central bank has begun to relax again. So it is clear that the central bank has no way to end the experiment. The banker will continue to fall into the rotten jar, but how long will it last?

Full-text link https://medium.com/crypto-oracle/7-thoughts-following-our-conference-call-when-will-institutional-investors-join-the-bitcoin-bd7dfb5f3f63

4 SOV and four turning points

This is also the black bear brother of the Decred community. The black bear brother has a good accomplishment in macroeconomics and macro narrative, mainly on the macro environment of Bitcoin's SOC. Our macro economy has experienced four turning points in the past 100 years.

The 2008 financial crisis and the consequent persistent financial distress caused most Western societies to fall into uncertainty. This uncertainty will mark the birth of secular and social unrest. And social unrest can sometimes be a catalyst for financial turmoil. Financial turmoil will always be a catalyst for some form of social unrest. Now this is the fourth turning point, we are in it.

The first turning point – the high US high after the Second World War, began in 1946 and ended in the assassination of John Kennedy. An era of strong institutions and weak individualism. Society is full of confidence in the direction in which they want to move forward collectively.

The second turning point – the awakening system was attacked in the name of personal and spiritual autonomy. As the society reaches the climax of public progress, people suddenly become tired of social discipline and want to regain a sense of personal reality. It ranges from the campus and urban uprisings of the mid-1960s to the tax uprising of the early 1980s.

The third turning point – the emotions of the liberation era are in many ways opposite to the opposite of the upper class. The system is weak and untrustworthy, while individualism is strong and flourishing. The recent turmoil in the United States was “long-term prosperity and cultural warfare”, which began in the early 1980s and may end in 2008. This era began with the individualism of the triumphant "American morning", gradually spreading to the general distrust of institutions and leaders, the avant-garde mass culture, and splitting the national consensus into a competing "values" camp.

The Fourth Turning Point – Crisis In this era, institutional life was destroyed and rebuilt from the ground up, citizenship was revived, cultural expressions found community goals, and people began to position themselves as members of larger groups. This period began in 2008. With the deepening of the global financial crisis and the war on terrorism, this period will continue until around 2030. If history has a reference, it will be the best reference by the 1929 stock market crash and the climax in the Second World War.

The current list of reasons for hedging traditional financial systems continues to grow and is growing larger: – Global inflationary currencies – Comingly hyperinflation – Q&A attempts to fail – Predatory government (Venezuela, Turkey) – Negative interest rates (Europe, Japan) – Depreciation of wealth (state and country) (state and sovereign citizens) – Money market expansion – MMT – Retirees and other entitlements continue to grow substantially

As the list seems to continue to expand, a thorny issue still exists. Will the overall economy double in decline due to failed Keynesian practices, and it is likely to further impact the global economy, leading to a massive expansion of digital socialism? Or do we choose an alternative route? Have we begun to implement good Austrian economics as a way to ease our burden under further economic pressures and eventually establish good money practices for the next “turns”?

Although the central bank and the government are blindly “supporting” fiat money, the retained value of the global fiat currency is still gradually decreasing. With the continued development of the fourth round and the continued development of the former Old World regime, these new agreements will continue to be adopted. The cryptocurrency should be at the forefront of a new civic order that has been embedded in the old values ​​of today's specific regimes. The future is actually the present.

Full text link https://medium.com/@imagnusholdings/sov-and-the-four-turnings-c1ba7220b7ac

5 What if Bitcoin is not “that one”?

The cryptocurrency revolution is still in its infancy… The author gives a conjecture that if Bitcoin is not a "real life dragon", although the absolute status of Bitcoin is not instigable at present, there is a new king challenge and defeat the king, I believe It is a lot of money or a future that investors really want to see.

Nakamoto’s Bitcoin White Paper says, “Business on the Internet has almost completely relied on financial institutions that are trusted third parties to handle electronic payments… With the possibility of reversal, the need for trust is spreading… a certain percentage Fraud is inevitable.

The Bitcoin [BTC] system is the first to answer this question. But by no means the last…

This raises the question: What if Bitcoin does not push encryption technology to the public?

The truth is that large funds with billions of dollars have begun investing in digital assets. Maybe this is just the first toe in the water… But this is happening. And pay attention to the use of "digital assets" instead of "bitcoin."

The cryptocurrency may succeed, but bitcoin may fail to fail. Or bitcoin is OK, but other cryptocurrency items may do better.

Never forget that Google has been around for four years since the launch of Yahoo’s search product.

There will be a chance that a new cryptocurrency will emerge and ignite the world in the future. Then replace Bitcoin. We do believe that Bitcoin has consolidated its strength as a “digital gold” and will be the backbone of the future economy. But we also believe that in the next five years, there will be more small cryptocurrencies to get better returns. Much better… As always, time will reveal everything…

Full text link https://medium.com/altcoin-magazine/what-if-bitcoin-isnt-the-one-991930f61f7a