xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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DeFi or Decentralized Finance is a foundation of Metaverse. Cryptocurrencies are successful in democratizing money and freeing themselves from the restriction of the Central Bank.
Here is a 1 min summary of the article if you want to skip the reading.
What is DeFi
In the broader sense, it is a crypto answer for the financial system. It offers a better or improve version of the financial system that crypto can offer. But does such a version of crypto is better than a fiat currency system? The answer is we really don’t know. DeFi is at its infancy now and just similar to Bitcoin in 2010, it crashes before it went back to become a better version of itself.
Why DeFi
Before we enter into Web3.0 or even Metaverse, we need a cloud economy that can sustain and run by itself without third parties involved. Bitcoin and many other first-generation cryptocurrencies prove that the money system does not need to have a central authority to run in order to have it function with valuation. DeFi is the next phase to prove we do not need to have a central authority to run a marketplace. No regulations but innovation need to make a better marketplace.
Goals of DeFi
DeFi wants to resolve 5 key points: centralized control, limited access, inefficiency, lack of interoperability, and opacity.
Each DeFi Project Is Unique
Every DeFi project is unique to resolve one or several problems. There are many different aspects of DeFi which makes many different categories of the project. It seems complicated at first but there are many similarities of projects we can explore in-depth to discover.
Risks With DeFi
Of course, there are many risks that DeFi can bring such as hacks, scams, unproven economic or governance models, or regulatory uncertainty. We will also explore many unknown risks so that users can prevent or potentially detect rug pull.
My Goals
We want to learn more about DeFi to prepare Web3.0 and Metaverse. We also want to prevent much potential loss from scams and other risks. Of course, I demonstrate my opinion of each DeFi project and you should do-your-own-research (DYWR). It is not financial advice but an educational purpose to showcase DeFi projects.
In Conclusion
I think DeFi is a bridge to link between Crypto to Web3.0 and Metaverse. It is not getting rich quick scheme. I hope my research may help you to learn more about DeFi.
DeFi or Decentralized Finance is a foundation of Metaverse. Cryptocurrencies are successful in democratizing money and freeing themselves from the restriction of the Central Bank.
Here is a 1 min summary of the article if you want to skip the reading.
What is DeFi
In the broader sense, it is a crypto answer for the financial system. It offers a better or improve version of the financial system that crypto can offer. But does such a version of crypto is better than a fiat currency system? The answer is we really don’t know. DeFi is at its infancy now and just similar to Bitcoin in 2010, it crashes before it went back to become a better version of itself.
Why DeFi
Before we enter into Web3.0 or even Metaverse, we need a cloud economy that can sustain and run by itself without third parties involved. Bitcoin and many other first-generation cryptocurrencies prove that the money system does not need to have a central authority to run in order to have it function with valuation. DeFi is the next phase to prove we do not need to have a central authority to run a marketplace. No regulations but innovation need to make a better marketplace.
Goals of DeFi
DeFi wants to resolve 5 key points: centralized control, limited access, inefficiency, lack of interoperability, and opacity.
Each DeFi Project Is Unique
Every DeFi project is unique to resolve one or several problems. There are many different aspects of DeFi which makes many different categories of the project. It seems complicated at first but there are many similarities of projects we can explore in-depth to discover.
Risks With DeFi
Of course, there are many risks that DeFi can bring such as hacks, scams, unproven economic or governance models, or regulatory uncertainty. We will also explore many unknown risks so that users can prevent or potentially detect rug pull.
My Goals
We want to learn more about DeFi to prepare Web3.0 and Metaverse. We also want to prevent much potential loss from scams and other risks. Of course, I demonstrate my opinion of each DeFi project and you should do-your-own-research (DYWR). It is not financial advice but an educational purpose to showcase DeFi projects.
In Conclusion
I think DeFi is a bridge to link between Crypto to Web3.0 and Metaverse. It is not getting rich quick scheme. I hope my research may help you to learn more about DeFi.
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