1. What do you think of the EIP-314 protocol?
When this protocol was first launched, many people were discussing it. I just took a quick look at it at the time, and what impressed me most was that it made certain innovations in token trading.
At that time, I felt that innovation in the field of token trading did not seem to be the most urgent in the current DeFi field, so I did not delve into it further.
When we encounter innovation, I encourage everyone to not only refer to other people's opinions, but also to boldly and bravely follow their own hearts. Especially when you are very interested in this innovation, you must bravely participate and practice it, and don't care too much about other people's opinions, especially their negative and negative opinions.
Many times, different people may have completely opposite attitudes towards the same innovation, especially for disruptive innovation. So at this time, your own intuition is likely to be more reliable than the opinions of any authority or KOL
Take my own experience as an example: when NFT appeared in 2021, I had a special feeling about it, paid special attention to its development, and even witnessed the development of some top NFTs along the way. But at the same time, most of the top streamers and KOL in the circle were very indifferent to the development of NFT.
But when the Bitcoin inscription ecosystem appeared at the end of 2022, I was particularly slow to react to it, and completely missed its first and most violent wave of dividends. On the contrary, another group of players who missed the Ethereum NFT in 2021 were particularly sensitive to the emergence of Bitcoin inscriptions, and thus seized that wave of huge profits.
Obviously, my initial attitude and view on inscription innovation was wrong.
So I encourage everyone to bravely pursue the innovations they believe in after controlling the risks, and not to care too much about other people’s opinions, especially their negative ones.
2. Can I still get UNI?
In this bear market, although I don’t hold UNI, I still keep an eye on it.
However, UNI still has not made much progress in this round of bear market.
We finally put forward a dividend proposal some time ago, but it was soon targeted by the U.S. Securities and Exchange Commission. In all likelihood, this will not be realized in the short term.
I still won’t hold UNI now, and the reason is the same as I said before: the token has no empowerment, and the so-called governance function has extremely limited value.
As for how the price of tokens will perform in the future? I guess that after the bull market comes, it will rise with the market, but I don’t know how much it will rise. But it is estimated that it will be difficult to get any benefits from the empowerment of tokens.
Fortunately, the Uniswap team did not behave as timidly this time as they did in the last Ministry of Commerce incident in response to the attack from the U.S. Securities and Exchange Commission, and is finally ready to take up legal action against the U.S. Securities and Exchange Commission.
This courage made me feel more favorable towards this team.
3. Is there anything wrong with the SATS coin? Has it been falling since December last year?
I have been holding this coin and will continue to hold it until the real bull market comes according to the plan.
4. Do you still have this GMX?
I still have this coin. If it weren’t for the reader’s question, I would have almost forgotten about this coin. Overall, I feel that I haven’t heard much negative news about this project for a while. I guess this is good news?
In this round of bear market, apart from Pendle, there are almost no strong DeFi projects emerging in the Ethereum ecosystem.
DeFi in the Bitcoin ecosystem seems very lively, but in fact it is just a copy of Ethereum DeFi, with no essential innovation in model and core.
This is undoubtedly a great pity.
I feel that future DeFi innovations will probably still be born in the Ethereum ecosystem, because the composability of Ethereum smart contracts has inherent advantages.
For all the DeFi tokens I hold, I have held them until now.
