After entering the era of Ethereum, in addition to the sidechain and state channel solutions that have already appeared, a new expansion plan appeared-Plasma, which wabittorrent bitcoin price predictions the protagonist of the early Ethereum expansion plan, but later, due to the Plasma plan Security issues, as well as the emergence of the Rollup solution and the maturity of the zero-knowledge proof technology, the Plasma solution was gradually abandoned, and the research direction turned to the current mainstream Rollup solution.
At present, the main liquidation incentive model adopted by mainstream lending agreements such as Compound is: the liquidator can purchase the mortgagor's assets with aethereum香港 fixed percentage discount. Under this mechanism, all liquidators face the same liquidation opportunity, and their potential profit percentages are the same, so they can only compete for liquidation opportunities by increasing Gas, where the high MEV value (Gas cost) becomes the liquidator’s The additional cost also increases the risk of the system. On the other hand, for mortgagors, the fixed asset discount auction ratio also allows them to lose the opportunity to lose a lower liquidation penalty.In response to this problem, Euler’s plan is to use Dutch auctions in liquidation, which can ease the joint bid of liquidators and may also obtain lower asset liquidation losses for mortgagors. At the same time, Euler also provides a discount acceleration mechanism for the collateral provider, so that he is eligible to conduct self-liquidation before the liquidator conducts the Dutch auction and reduce the mortgagor's loss. The above two measures are to restrict miners from grabbing excessive MEV fees in the liquidation, so as to improve the overall security of the system in the liquidation storm.
In order to further reduce the transaction cost of liquidators in liquidation, Euler also borrowed the stable pool model pioneered by the Liquity protocol and expanded it into a multi-collateral stable pool form, allowing lenders to provide liquidity to the stable pool of each loan market. Support liquidation.Liquidity providers in the stable pool earn liquidation collateral rewards by depositing eToken (a deposit certificate of the Euler protocol, similar to Compound's cToken). When the liquidation is in progress, the liquidator directly uses the liquidity from the stable pool to repay the debts of the borrower, and will proportionally reward the liquidation collateral obtained to the stable pool, that is, the lender can eventually replace it during the liquidation period. Passive exchange of currency into liquidation mortgage assets.For example: Euler provides a stable pool for the USDT that lends assets. The lender who is willing to participate in the stable pool can deposit their own USDT deposit certificate eUSDT into the stable pool as the counterparty of the liquidator, so that the liquidator is auctioning After obtaining the mortgaged assets, the mortgaged assets are exchanged to the deposit users of the stable pool at a discounted price (after deducting their own income), which is equivalent to that the users of the stable pool purchase the collateral at a discounted price.Compared with Liquity which only supports the LUSD stable pool, Euler's multi-token stable pool contains specific types of tokens that have not been disclosed, but it is believed that it will still be based on stable currencies or mainstream currencies.The advantage of adopting this mechanism is that the agreement believes that when the borrower reaches the liquidation threshold, the liquidator can use the internal liquidity source to immediately liquidate, without the need to exchange assets from a third-party trading platform, which greatly eases the liquidator When the market fluctuates sharply, the internal clearing price is inconsistent with the external platform price, and the high transaction slippage causes the liquidator to lose or fail.
In addition, Euler does not intend to use an external oracle, but uses the time-weighted average price (TWAP) of assets on Uni V3 and WETH to measure the ratio of assets to liabilities.In the information that Euler has released, it has not disclosed the total amount of its governance token Euler, the distribution method, and the unlocking time. But it has made a preliminary outline of the functions and scenarios of its tokens. Euler will follow Compound's governance paradigm, and its governance functions include the ability to determine the level of assets, important parameters of the agreement, and the framework of governance itself. In addition, Euler also has a Vault mechanism, which can ensure the security of the agreement through staking.There are people everywhere in the village, and she is designing a game. "This guy hasn't given us a task yet, but he will," Pandapops said of the bartender. Like all the small characters, he looks a bit like a character in a Lego movie. "That's a bounty hunter," she said. Soon we saw our protagonist, the well-known "Player One", who was jogging through the courtyard with a cute little sword.
Pandapops is not a professional game designer. She is not an employee of Epic, Sony or Electronic Arts. She is using a program called VoxelEdits to create a game for the sandbox. The sandbox is a meta-universe based on blockchain technology. The game launched its public version 1 in late September.According to the company's co-founder and COO Sebastien Borget, even before the launch of Metaverse, the sandbox's Game Maker engine (currently in beta) has been downloaded more than 100,000 times. "Our Game Maker does not require code, and you can make games without any experience," Borget said. "This is what we have been building for more than three years."They have actually been built for 10 years. Sandbox was originally launched in 2011 as an ordinary non-blockchain startup, representing a shift from traditional games to encrypted games. Sandbox was originally a mobile application. Borget said that although the app has been downloaded 40 million times, "the success of the game comes from users." These users have created 70 million assets, which is common in traditional games such as Minecraft and Roblox. After Borget learned about the strong market for CryptoKitties, CryptoPunks, and NFT users, he flipped the sandbox model to a decentralized blockchain meta-universe, which enabled “turning players into creators” and then “helping players and creating People monetize all the content they produce."For non-blockchain enthusiasts, meta universe is still an obscure concept. This may change soon. The New York Times is running the meta-universe interpreter; traditional brands such as Sotheby’s and Coca-Cola are entering the meta-universe; perhaps most importantly, Zuckerberg is linking the future of Facebook with the meta-universe. He told employees in the summer, The company's primary goal is to "bring the virtual world to life."
This begs the question, what exactly is the meta universe? Is it just one platform, or the sum of all platforms? Ask 10 different people in an encrypted meeting and you will get 10 different definitions. Venture capitalist Matthew Bauer wrote: "We should not expect to have a single and comprehensive definition of'meta universe'." "Meta universe is best understood as a'further development of the mobile Internet'. This is because of the meta universe. The universe will not fundamentally replace the Internet, but iteratively transform on its basis."Maybe today and tomorrow, Metaverse is just an online virtual world—like Decentraland, Crypto Voxel, and The Sandbox—where you can play fast games, browse NFTs in art galleries, or hold online parties. This is the initial stage of the meta universe. But after 5, 10, or 20 years, Metaverse may replace most of the work you do online or even offline.
What path will we take to realize the future of this meta-universe? Centralized technology route through Facebook? Or through a new decentralized model? As the NFT artist "6529.eth" asked in a viral Twitter thread, "What we are playing is whether our children will be completely immersed in the digital world in the future-there is an illusion of freedom, but not true freedom ."COVID (new crown), art, zombiesI visited Decentraland for the first time a year ago. Although I am very interested in the potential of the meta universe, I feel sparsely populated. "To be honest, we released the product before it was really ready," said Sam Hamilton, head of community and events at the Decentraland Foundation. "So we rolled up our sleeves and continued to do it." The team launched more content and more activities-art exhibitions, conferences, music festivals, "tasks", and then crowds flooded in, and monthly users jumped from 7,000 to 70,000.Several things can explain this growth: the boom of NFTs, the proliferation of crypto games that make money from games, and possibly even a pandemic. Sandbox Chief Artist Voxel Bunny said: "The COVID is a terrible thing. We have all suffered tremendous pain. At the same time, surfing the Internet is a normal state, and Metaverse feels more approachable and attractive."
Meta universe can become a home of art. We now live in a world where celebrities such as Stephen Curry, Grimes, Paris Hilton, Jack Dorsey and Sean Mendes are buying or casting NFTs. How do you show your art? How do you show off your Ape NFT? Decentraland has created a more immersive way to appreciate NFT, not just staring at your phone. Artists are seizing this opportunity. The NFT series "Women's World"-featuring 10,000 women and emphasizing diversity and inclusiveness-plans to buy a piece of land in a sandbox and then build a museum to hang pictures and animations."Is'metaverse maximalist' a term?" asked Gordon Goner, one of the anonymous co-founders of the Boring Ape Yacht Club. Goner is a metacosmic minimalist. (He just coined the term.) "I am very confident that we are less than 20 years away from the experience of the'top player'," Goner said. Bored Apes is taking root in Decentraland and the sandbox; Goner said the club’s sandbox plan is still “confidential,” but you will be able to move around in the meta-universe like your three-dimensional “ape”. In Decentraland, you can spend time in the Bored Ape Yacht Club riverboat casino.Yuan Universe is also investing in art. On September 7, Sandbox purchased one of the rarest boring apes, "Captain", for 740 ETH or approximately US$2.4 million. "We firmly believe that culture, whether it is games, music or visual arts, will become one of the pillars of the open and encrypted meta-universe," Sandbox explained at the time. "We don't just build and sell. We also invest and help build the ecosystem."Sandbox’s partners include Atari, The Smurfs, and The Walking Dead. Why is the walking dead? "The Walking Dead" provides two ways to create sticky content for the sandbox: First, Meta Universe holds a "land sale", allowing people to buy coveted digital real estate next to the "Walking Dead" location on the map, such as a prison in the show. Prominence. (The zombie prison is more valuable only in the upside-down encrypted world.) Secondly, the "The Walking Dead" IP can help you create the NFT of the game on the sandbox, thereby increasing the cross-border appeal.
You will find the same mainstreaming in Decentraland. Hamilton said that in the "early stage" of Metaverse (last year), the only brands they worked with were cryptocurrency players such as Binance, Skale and Kraken. Then Atari, then Sotheby's, which opened a virtual art gallery in the meta universe. As Sotheby’s Sales Director Michael Bouhanna told the Art Newspaper, “We see spaces like Decentraland as the next frontier of digital art.”Later Coca-Cola also joined. Decentraland created a "can party" where you can swim in a bottle of Coke and experience the feeling of being in bubbles. "We like the Decentraland brand and create unique experiences," a Coca-Cola executive said later. "We are very happy to see NFT and Metaverse artists adopt the brand and inject fresh and modern elements into it."
Axie Infinity and the futureCryptocurrency games, such as Axie Infinity and Alien Worlds, have exploded. You first buy three Axies, which are cute cartoon animals, and then you can breed them and send them to battle. When I tried, the cheapest of these blobs cost $200, so the registration fee is about $600... Other gamers are bolder (or they enter before the price spikes) because Axie claims 250,000 active players and 90,000 ETH (or more than 300 million US dollars) is traded on its internal market.
"Everyone is watching the success of Axie Infinity and saying,'Wow, this is definitely the future,'" Decentraland's Hamilton said. He added that this is only part of the future of the meta universe, because "gaming is not everything", but for many people, this seems to be a real attraction. Hamilton said that although events (such as the "To the Moon" music festival) provide peak traffic, playing and making crypto games has always been "the most popular thing on Decentraland."This brings us back to the sandbox, back to the Pandapops live broadcast, and making your own game ecosystem. The sandbox is betting on the game. Their "Game Maker" console allows you to create games (even complex mission games) from scratch, such as the game with aquariums and taverns being developed by Pandapops: your character will start the game without memory, You will unlock the memories of the journey and you need to find a way to escape the maze. In the end, you will rescue a once evil ogre from the hands of the ogre."We want to make sure that when we open a virtual world, it doesn't look like an empty mall," Borget said. Therefore, they incentivize artists in two ways: 1) Remuneration for creating artwork, 2) If the artist can sell their artwork to someone on the Sandbox market, they will receive 100% of the money. "This is incredible. In the years I have been engaged in art creation, since 2007, I have never seen such a work," said Voxel Bunny, who sold a witch tower for 3,150 sand. According to today's The price is approximately US$2,300.Then there is the Game Maker Fund. According to Borget, 450 artists and 54 studios have received funding to create sandbox games. One of these 54 studios is Sand Rush, co-founded by Christopher Weller, whose alias is Necrobombicon. "I entered this industry as an artist," Weller said. "I learned that Sandbox is willing to pay its artists in cryptocurrency."At first he thought he would knock out some assets himself, and then he met other like-minded artists on Sandbox Discord. They created a game studio called Sand Rush and produced exquisite games like Jungle Rush, described as "an ancient place of magic, mystery and legend" and "ancient technology lurking in the shadows." He has found that the sandbox is profitable. Sand Rush collaborated to create the "Temple of Truth", which is a mysterious structure and sold for 100,000 sand, or about $100,000 at the current price.What's in this sandbox market? At the time of writing, you can buy "pool party cool guys" for $42, an ATV for $787, a tree house for $840, and a "crazy pool" for $525 (it's totally unclear how crazy the pool is). For those with more budgets, you might want to consider the $3,150 "ancient magic statue" (neither ancient nor magic), the $10,429 "robot incubator" or the $5,214 "summer rock metal band".
Although most of the funds surrounding the crypto ecosystem are difficult to understand or deal with, here is an example of how the rising wave of crypto prices directly helped artists. This may have a domino effect. First, Voxel Bunny created Witch Tower and sold it for $2,300, and then it might be the buyer—the game creator—using it in a monetization task. Now, players of this game will earn cryptocurrency when they try to solve tasks, thus completing a virtuous circle.Enter Darth Vader
Decentraland or sandbox? At least for now, the various meta-universe projects seem to believe that each other needs cooperation rather than competition. "I don't think this is a winner-takes-all situation," said Hamilton of Decentraland, who thinks that just like Twitter, Facebook, Snapchat and Tik-Tok there are spaces — each plays a different role — there will be space for metaverse Multiple platforms in. Sandbox’s Borget said that “everyone has different powers”, Decentraland is more suitable for events, Crypto Voxels is simpler and more accessible, and Sandbox is more suitable for games.But in the end, of course, we have a problem that hangs over all of this. This is what I call the Darth Vader scenario.
A strange coincidence is that on the same day I was talking to many of these crypto meta-universe advocates, I happened to visit a friend who wanted to show off his new "Oculus", which is a virtual reality headset. It is made by Facebook. This is the gateway to the horizon, Zuckerberg's meta-universe plan.I put on VR goggles, completed a quick tutorial, and took a breath when I found myself standing on top of a skyscraper.
A virtual city enveloped me. The blue sky, the car that honked the horn, the plane overhead-everything looked real. Maybe not very realistic, but real enough that when I peeked from the edge of a skyscraper, my stomach shrank sharply when I saw the ground in the distance. I have no fear of heights. My brain knows, in fact, yes, of course, I am safely in my friend's living room. It does not matter. When I walked out from the edge of the skyscraper and looked down at the 100 stories below me, I was both scared and excited."Jump!" My friend urged me."no way.""do it!"
I hesitated, but what left me at a loss was my friend's young son mocking my cowardice behind his back. Finally, I jumped off the edge of the board...Of course, I landed safely on the carpet in the living room.Then I took a virtual roller coaster, played a virtual shooting game, played a Star Wars virtual reality (VR) game, and Darth Vader. I want to buy an Oculus. Games and VR technology are not particularly new, but it's one thing to understand it abstractly, and it's another thing to see it with your own eyes and feel it in your bones.
I thought of Pandapop's humble aquarium again, with creepy fishes and the splash effects she painstakingly added. I thought of her simple game, you need to escape the maze and kill the ogre. Indeed, Pandapops can own that aquarium, profit from her game and claim to have a legal sense of empowerment. (Of course, blockchain games may become more complex over time, especially when creators are incentivized to make more, which is also true.)But will ordinary players care?
Just look at the internet. For decades, whether we know it or not, most of us have chosen the speed and convenience of large-scale technology centralization. Even if this damages our privacy or agency rights, we still enjoy our stored passwords, automatic login, and the fun of using Google, Apple, Facebook, etc. Make our digital life smoother.We prefer a concentrated Darth Vader to a scattered labyrinth. Time will tell whether our choices in the meta-universe are different.
Coin Circle News reported that Charles Gasparino, a member of the Fox Business panel, revealed in a tweet yesterday that Ripple's legal team stated that they did not consider reaching a settlement with the U.S. Securities and Exchange Commission (SEC). They must decisively prove that SEC Chairman Gary Gensler pursued the case in order to select winners and losers in the encryption business, which is not conducive to innovation.As of press time, according to Huobi global data:BTC recently traded at US$48,127.41, with an intraday increase or decrease of -0.57%;ETH recently traded at US$3419.46, a daily increase or decrease of -1.53%;
BCH recently traded at US$627.11, with an intraday increase or decrease of -0.46%;BSV recently traded at US$156.52, with an intraday increase or decrease of -1.34%;
EOS recently traded at US$5.45, an intraday increase or decrease of +2.12%;LTC recently traded at US$180.9, with an intraday increase or decrease of -0.58%;
LINK recently traded at US$28.33, an intraday increase or decrease of -1.26%;DOT recently traded at US$20.44, an intraday increase or decrease of -1.82%.