1. Is the upgraded Dai still my first choice (USDS)?
Regarding the upgrade of MakerDAO, I remember sharing in a previous article that my focus was mainly on its less favorable aspects:
The project has added a censorship function, allowing the project team to blacklist addresses like USDT and USDC.
Although the project team has been very cautious in their description of this function, I have always felt that this function is at odds with the anti-censorship spirit of the crypto world.
Specifically for Dai, I don't know how this blacklist function will ultimately be implemented, but overall, I feel it is still stronger in terms of decentralization than USDT and USDC, so I will still choose it as my first option.
In addition, after recently reading an article on Messari about MakerDAO, my previous thoughts that focused on the negative aspects have changed a bit. This article specifically analyzed MakerDAO and Ethena, discussing the potential future benefits of these two projects.
From the plans of the MakerDAO project team for future upgrades, MakerDAO will strengthen functions similar to AAVE, invest assets in the RWA field, and may even cover investments in the gaming field...
Through expansion into various fields, this article estimates that the APY for holders of the MakerDAO token after the upgrade may reach around 15%.
Although this return is "small compared to the big one" brought by the price fluctuations of crypto assets, it is probably one of the more eye-catching ones among the current DeFi projects.
As a side note: Some readers have asked me for the links to the Messari articles I read. Unfortunately, I cannot share these links as they are from the paid version.
2. Have you analyzed how much the coin price drops at each market top? To guess the next market top?
I haven't done this analysis.
However, I recently read an article that mentioned the current Bitcoin capitulation price is around $55,000 to $60,000.
The capitulation price is an interesting topic. Its relationship with the market top doesn't seem to be discussed much in many articles, but many believe it is more closely related to the Bitcoin bottom.
3. Is there still hope for OP and ARB?
The token prices of these two projects may be somewhat sluggish, but I think the development momentum of these two projects is quite good among the many Ethereum Layer 2 expansions.
As for ARB, its TVL has long been at the top of the Ethereum Layer 2 expansions. Additionally, some emerging projects are building their own ecosystems based on its technical architecture (such as ApeChain mentioned in yesterday's article).
It is also worth noting that the project team is providing large-scale funding to various promising projects in the ecosystem.
All of these are very valuable initiatives for the project's development.
OP is no less impressive.
I used to have a relatively general view of OP, but its progress has exceeded my expectations.
Especially in recent times, the OP Stack technology stack of OP can be said to be unparalleled - several prominent Ethereum Layer 2 expansion projects built on this technology stack have emerged in recent years, such as the soon-to-be-released Unichain by the well-known Uniswap and the veteran Base, which are very typical cases.
Base's TVL has even surpassed the long-term leader Arb, rising to the top spot. As of the time of writing, Base's TVL has reached $2.5 billion.
With this momentum, more and more Layer 2 expansions may be built on the OP Stack. Since they are based on the same technology stack, the liquidity between these Layer 2 expansions is relatively easy to unify, further strengthening the power of the OP ecosystem.
So I am very confident in these two projects.
