Chainfeeds Summary:
SevenX Ventures founding partner FC interviewed 3 "DeFi Summer big winners" and summarized the issues they are concerned about and the criteria for selecting targets.
Source:
https://x.com/FC_0X0/status/1854163908350943620
Author:
FC_0x0
Opinions:
FC_0x0: Smrti Lab co-founder 0x992 believes that the core of the 2020 cycle was the liquidity spillover from the DeFi Summer, with nearly 800 token projects, and there were almost 2 new projects listed every day during those two years. However, this round of the so-called Point Summer has a very obvious problem, which is that people don't dare to do real Token Generation, and they haven't figured out what the four-year unlocked tokens are supposed to incentivize, and haven't figured out how to maintain a four-year effective, as a bribery or vToken innovation. He also mentioned that the concept of returns in the Point Summer is rather vague, and the core problem is the lack of buying power liquidity, which is specifically manifested in two aspects: 1) unable to find periodic returns; 2) lack of DeFi Lego innovation, unable to attract new users. In his personal opinion, Liquid Staking is actually a field that is very much in line with market demand and has the potential for cash flow and TVL growth, but the key is how to unlock the income mechanism to continuously drive the prosperity of the market. iZUMi Finance founder 0xJimmyYin mentioned that in the previous market cycle, a large amount of off-chain liquidity was distributed layer by layer through the complex design of Tokenomics, thereby creating a huge wealth effect. However, the current popular trend is to move on-chain funds back to centralized platforms for RWA operations, which reflects the lack of on-chain returns. Jimmy believes that the previous round of DeFi has left a significant value for the entire financial field, and the real user demand still exists. For example, some projects have not issued tokens, but have still created real use cases through interest rate arbitrage incentives. If the current market can maintain stability, the inflow of new capital will not be in vain, but if some projects eventually go to zero, lacking real business and alternative value, it will be difficult to rekindle user interest in the future. Therefore, whether product innovation can reach the level of the previous round of DeFi will be a key factor in determining the future value of these Paper Moneys. Arcane Group founder 0xNeoSu believes that the essence of on-chain mining is to create transaction liquidity and TVL for DeFi projects and help projects with cold start. The stages that on-chain mining should participate in the most are: 1) the cold start stage; 2) the middle and late stages, that is, the stage where the Token has a clear purpose and certainty. The intermediate stage, that is, the stage when the project has just issued the Token and completed the incentive, is usually the most difficult period. At this stage, investors need to pay attention to the long-term planning of the project, how the Token incentive helps the ecosystem, and whether the business model of the project can support the four-year unlocking period. When evaluating which projects are worth participating in mining, Neo emphasizes two key factors: 1) the diversity of income sources and the richness of the protocol; 2) the ceiling of the project must be high enough, that is, whether the project has high-quality endorsement, resources and liquidity providers (LP), these factors directly affect the valuation and long-term development potential of the project.
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