Approval for 2022 (Startup 2): What are the best practices in the blockchain industry?

In “The Outlook 2022 (part 1): What are the potential challenges for the blockchain industry over the next year,” we write.If the bull market continues in 2022betapath, which includes BTC, ETH, DeFi, Layer 2, as well as public channels and broadband app channels.

In this article, we'll estimate alpha levels together, but since the improvement in these leads was determined by many factors,The predictions here may not be accurate, but that doesn't prevent us from doing our analysis and correcting our assumptions.

01Derivatives

Everyone thinks that Dydx is going to lead to an increase in the value of the chain, but it turns out that we are overthinking.

Take a look at Dydx, the decentralized perpetual contract PERP and the decentralized perpetual contract based on the Mai contract and the MCB future exchange (short for MCDEX). Why,Derivatives of the chain have yet to find their own “irreplaceable” application scenario.

Of course, it can be said that the chain's asset management is more distributed, more secure and more profitable, but the truth is, people are usually not crazy about it. After all, DEX is never outside the so-called crypto-native concept.

Uniswap can now compete with the biggest platforms in the industry.This is because there are a lot of tokens that can be found on the store., companies (AMM) can also be developed.

Chain derivatives

Of course, derivatives are constantly in demand, and I don't know which category will come out on top.Currently, the perpetual contract is divided into three categories:

The manual model is represented by Dydx: for a combination of linear specifications of the CEX contract.

Automated Market Maker (AMM) model, represented by PERP: AMM version of the contractual chain.

LP is represented by MCDEX and GMX (GoldMaxCoin) (only for certified trading companies).New designs, both LP and long section are enemies of each other.

Beyond the CDI, interest rates in the financial world have always been huge.DeFi worlds do not spread in a circle,

Swivel (a management regulation that regularly tokenizes the income of Swivel Finance to track movements) and Voltz (automation of the non-regulatory industry) specialize in this areaNot yet released, but capable and can be improved..

02 ibCross connection or junction of chains

The world of many chains has become endless., at least for the next few years, we're unlikely to see a “10,000 channels in one” scene claiming.

Therefore, for a multi-chain edge,Cross chain bridges or interlocking chains will be in great demand.. Chain interoperability is in phase three and currently in phase one.

First step: crossed chains of assets

Homemade cross chains, or the most common type of cross chains everyone uses today, fall into three categories:

External nodes are responsible for the safety of the bridge.He is represented by CEX Bridge, Anyswap, etc.

Lightweight users:Representative examples are Cosmos IBC and Polkadot XCMP.

Mobile networks:Celer, HOP and Connext are the representatives.

The first is the simplest, the third is the safest, and the second is the strongest.At the same time, it is also the basis of the third phase of the cross chain..

Second step: personal application of the transverse chain of the head

The personal interface of the person in charge of the application is now marked as Compound and AAVE. Compound wants to make it the chain.Dock usually with multiple base layers 1 or 2, in this way, users can pay mortgages, loans and repayments directly on the chain and save money.

V3 with AAVE coming soonOpen a variety of liquor stores using portal equipment, so you can borrow the property as private property in ETH, then borrow it from Polygon, and finally pay back on Optimism. It's different to making chains from integration alone, but similar results.

I think there will be more in the second phaseHead DApps can be integrated with several functions by themselves., instead of leaning on the bridge above the outer chain.

Step 3: Inter-chain agreement

Inter-chain contracts are promising.Open the combination of different chains and complete the chain transmission,It's not just about changing assets. There are now three lines that want to accomplish this.

1. Chain link

Off-chain computing is integrated in the free form of the Chainlink 2.0 document, the cross-chain interoperability protocol will be the goal of version 2.0, according to Oracle, the leader in seamless connection to any chain,I couldn't think of a better project for the Chainlink JV.After all, their name is Chainlink.

2, IBC zero layer

IBCIt has always been called the blockchain version of the Communication Management Protocol / Internet Protocol (TCP / IP).

Recently, more and more applications have been received in the Cosmos ecosystem.However, due to cost constraints and cost constraints, it is not currently adopted by similar EVM substitutes..

Recently, LayerZero has become the second largest supplier of IBC, and I think it would be even stronger if, in theory, all EVMs could be connected to IBC by replacing the IBC Transport Layer and ultralight client segments. CCIP candidate.

3. XCMP because

XCMP, the process of transmitting Polkadot parachains, has a lot of potential, but its ability to be improved in the future depends on Polkadot's ability to operate in the community.How many shares are counted and how many public channels are connected?.

03Web 3.0

In theory, almost everywhere Crypto could relate to Web3.0.

Web3.0 is also the basis of the "meta universe" of the future in our eyes,Ability to have real world meta only in Web3.0 with read, write and personal permission..

Web3.0 has many elements and almost any task in the cycle can interact with Web3.0. But there are always some necessities or features of Web3.0 that are more obvious.

Here are the ones I think:

1. Public channel:Below the layer, the lower layer discusses beta expectations., but in the next 1-2 years, with the evolution of Web3.0, it is able to bring a different kind of freedom to other public channels.

2. Here:Currently, blockchain has focused on using popular technologies like DeFi, GameFi, and NFT, providing weighted and lightweight storage.

And when was the true Web3.0 "infinite state" used? Where will your ads, photos and videos be located on ETH or Solana? Obviously not.

In the meantime, Arweave, Filecoin and other archives will benefit from this promotion.Many NFT projects now use it as a repository (Arweave).Mirror.xyz, which hosts the Arweave products, shows what the average distribution should look like for each Web3.0 ecosystem.

Looking back, Arweave is undoubtedly the adoption, but Filecoin still ranks # 1 in market value.

3 YES:It's a line with a lot of voices since 2017, but above all it hasn't had much success so far.

The most dangerous thing is that in the past ETH was chains, but DID is not dead, but now it has created more than 20 chains.DID can become complex and difficult to see..

What is certain is that entering Web3.0 time requires a DID system. Personally, the most suitable DID would not be a DID project for DID (like Civic), but I think ENS is more suitable.

As in the days of the spread, things like Social Security were done by WeChat, and WeChat became known as DID. However, it is currently the only global blockchain that has introduced a cross-border solution to the industry problem., one for Chainlink as an interconnect chain and one for ENS as DID..

Technically speaking, cryptographic abstraction, the DAS developed by Nervos is technically suitable for a multi-chain environment.Technology VS "Ecology of habits", and often the latter is better.

4. Wallet entry:In the world of Web3.0, everyone in the Internet age before entering Sina Yahoo, and as Baidu Google has become later, it is necessary to enter. Nominal entry into the Web3 era is now Metamask's multi-wallet, including Solana's Ghost and Cosmos' Kepler.

For DeFi Farmer, it's not very easy because you have to install a bunch of wallet plugins, and you also have to store a lot of mnemonics and private keys. We can therefore consider that this will no longer be the case in the future.Can a wallet support each channel?For example, do you want to perform all the tasks using mnemonic language?

imToken, Maizi and Shenyu's Cobo have already explored the path with several companies, with the emergence of C98, SafePal and XDeFi. Of course, if one day MetaMask expands its business model and supports the integration of strings not compatible with EVM, this is what I would love to see the most.

04 ibzero proof experience

Zero Knowledge Proof (ZKP) is a machine, not a business. However, we need to be sure that ZKP will be increasingly supported and adopted over the next few years. with everyoneZKP is a featured project with key selling points..

For example, the original Zcash and the Horizen forkcoin were grayscale and didn't follow the same path.

ETH Couche 2 : StarkWare 与 ZK-Sync

Domestic Lightweight Roof Ring Contract Roof Ring

super light mina

Manta privacy protocol (formerly Coda protocol), such as Polkadot.

In the years to come we will see many new applications using ZKP and even significant ZKP technology that will include alpha increases.Its stability depends on the availability of all materials and on personal judgment..