The 2018 digital crypto asset market has two hot spots: ICO and DAPP. The popularity of ICO has slowly faded out of our view from 2017 to the first half of 2018, and DAPP quickly picked up the market. Since June 2018, with the launch of the EOS public chain, many developers have also seen investment opportunities in DAPP gaming DAPP.
However, it is a pity that the popularity of DAPP has lost its market position as investors have figured out the routine. Only a few public chains that are still insisting on data are still not much in the short term of the number of DAPPs, the volume of transactions and the amount of users. Reference price data.
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When the hour hand is dialed into 2019, there are two hot spots on the digital encryption asset market: DeFi and Staking. DeFi is an abbreviation for decentralized finance. Simply speaking, it refers to the fact that digital assets are managed by smart contracts and carry out indiscriminate financial behavior. It has a great impact and inspiration for the current financial operation mode.
Take MakerDAO as an example, it can help users to obtain stable currency for other financial activities, but only when the price of the currency rises, the market is more willing to put assets in the wallet or the exchange to generate liquidity instead of obtaining stable income.
Another hot spot is Staking, which was born in the DPoS blockchain concept and has been the most powerful development in the PoS blockchain. In the PoS blockchain, block packaging no longer requires competing competition, but the right is given to the block producers or "certifiers" individuals or groups voted by the holders. Node server.
Taking DOS representative EOS.IO as an example, users can vote for their own EOS tokens to the node. If the node can become a Block Producer, then this node can get a good block reward. However, DPoS's super-storage nodes do not share the benefits to voters, and the EOS.IO team also explicitly prohibits other forms of dividends from bribing. This behavior greatly reduces the user's enthusiasm for participation, but also limits the space for the node team to play.
At the end of 2018, the chained governance star project Tezos baking node mode was launched. After the user pledges the asset to the node, the node can set the bonus ratio of the block reward. This mode is also called Staking. For readers who are not familiar with this model, you only need to understand that this is a coin-operated coin operation. This model quickly detonated the currency circle, and a large number of subsequent PoS projects adopted this model, even with a PoS project that was 160% annualized like LiverPeer. Participating in such projects, if investors do not take the currency to mortgage, it is equal to the asset depreciation. How can investors have the heart to look at their assets and depreciate silently?
According to the website www.theblockbeats.com/pos, the highest Staking revenue project is Livepeer, which has an expected annualized rate of return of 155%. There are also projects such as Cosmos, IRISnet, Decred, IOST, etc. Also around 10~20%.
Obviously, under the stimulus of economic factors, investors began to flood into the Staking market, and the market scale has also grown tremendously. According to StakingRewards data, on January 1 , 2019, the Staking market's mortgage assets were $725 million, and several blockchain projects with Staking functions were launched, such as Cosmos and EOS Rex*.
By June 1, 2019, this number had soared to $8.4 billion, and the overall market size soared 1058% in just five months. (Note: Before the EOS Rex product went live, the EOS node also locked a large amount of data, Rex's lock value is currently maintained at around $3 billion)
From the current classification of locked assets, EOS still dominates, accounting for about 30.9%. This is followed by Cosmos, which accounts for 11% of the total.
Staking the four future directions of development
From the above data, we can see that Staking is a huge market, and this market will grow with the increase of projects and the increase of the number of mortgage assets. Currently, the market value of the entire Staking project market is 21.8 billion US dollars, the digital cryptocurrency market. The total market capitalization is $331.6 billion, which is about 6.57% of the Staking project. But the upcoming Ethereum 2.0 will also turn to the PoS mechanism, and the addition of Ethereum will increase the Staking market share to 16.2%, reaching $54 billion.
BlockBeats believes that the future Staking market will mainly focus on these directions:
1, Staking-as-a-service. This has a lot to do with the current Staking market operation model. Because the money holders now want to vote on the "old" blockchain project, we can only find some unofficial teams and wallets for asset collateral. The process is cumbersome, so there will be proxy providers such as Staked.us.
Users can host their assets to them, or mortgage their assets to agents, making it easier to get better returns. The domestic Wetez, Hashkey Hub and other teams are doing the same thing. At the same time, the project side also needs a lot of such projects to participate in the early construction during the initial period of the project. SaaS may become standard in all future PoS projects.
2. Wallet mortgage entry . Block Rhythm BlockBeats has seen that many wallets have begun to become the entry point for PoS mortgages.
All digital encryption eco-users have their own wallets, and their assets are either stored in the wallet or placed on the exchange. Then these assets placed in the wallet can actually be used to secure a fixed income in the wallet App. At the same time, we can also foresee that the assets temporarily stored in the future exchange will also be used for mortgages and will pay dividends to investors.
3. Choose nodes carefully. Last weekend, block rhythm BlockBeats detected that a Cosmos node was subject to a Tendermint system's own signature and penalties for signing two blocks at the same height, possibly because the primary and standby servers were simultaneously packing data. All collateralized assets on the node, whether it is the assets of the node team or the assets collateralized by the user, are deducted 5%.
This is the loss caused by the node because of "doing evil." All blockchain projects have not imposed such severe punishment on the node before. For example, the EOS node stealing will not cause any loss, and the IOST node will only be offline. Blocking is prohibited during block time. This incident not only made the node operations team aware of the need to strengthen server operations and maintenance, but also allowed currency voters to carefully select nodes. It is very likely that other PoS projects will incorporate similar penalties and the severity may vary.
4. The Staking mode is evolving. In the PoS blockchain, you can enjoy the benefits from voting, voting to share the proceeds and then holding the currency. This is not only the evolution of the blockchain pass-through economic model, but also reflects the ideological progress of the blockchain development team.
Taking Algorand as an example, many people may think that this is a common PoS blockchain project, adopting the traditional mortgage voting mode. However, according to Algorand's official information, any wallet address with more than one ALGO token can receive the Algorand system reward. The Algorand Foundation has deposited 10 billion ALGO tokens in the system as a mortgage reward. The revenue is calculated based on the holding amount at the time of each block, and then the reward is issued after 500 blocks. This mode eliminates the process of user voting, and everyone can get the benefits, there will be no unprofitable income.
From the current situation, the four trends mentioned above have begun to become reality, and it is very likely that there will be more evolution in the model.