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Renata2024/10/16 06:57

By:Renata

Today's Must-Read | Twitter Featured Views image 0

Riyue Xiaochu (@riyuexiaochu)

Puffer: The Future Layout of Ethereum's Decentralized Infrastructure

Puffer paid $1.80 million to compensate for user losses, which sparked my interest in researching this project. Puffer is not only a Restaking project, but also an important participant in the decentralized infrastructure of Ethereum. Its products include:

Rollup Based Puffer UniFi

Pre-confirmation technology UniFi AVS

Pledged product Puffer LRT

Puffer UniFi and its advantages solve the problem of transaction delay through pre-confirmation mechanism, shorten the confirmation speed to 100 milliseconds, and have high security and decentralized characteristics.

Integration of Puffer UniFi AVS and EigenLayer. Through EigenLayer's AVS service, Puffer provides flexible staking and revenue solutions to ensure validators fulfill their commitments.

Summary: Puffer is improving the decentralization and User Experience of Ethereum through innovative technology and a strong product ecosystem, becoming an important force in the infrastructure field.

See the original text: https://x.com/riyuexiaochu/status/1843651583541948861

chives（@4135bit）

Bright Project in the Base Chain: Star Attraction Method 2.0

This may be the most eye-catching project on the Base chain, with a current market value of less than 10 million and huge potential for future growth.

Recently, I found the "Star Absorption Method" on the Base chain. This set of token economics cleverly combines the essence of "scattering" and "absorbing", as if the project party is Linghu Chong from "The Smiling, Proud Wanderer".

The project team uses the "scattering" technique by continuously removing 1% of liquidity from the liquidity pool. The token portion is directly destroyed, and the ETH portion is used to form an LP with other high-quality tokens on the Base chain.

Suction: Through the design of "suction", the project continuously destroys VOID, forming scarcity. Currently, 34% of the total circulation has been destroyed. In addition, VOID will be repurchased and more liquidity pools will be formed with other potential currencies to form a cycle.

The side liquidity pool and the main liquidity pool complement each other, constantly absorbing new tokens and destroying them through increased trading volume. Almost all high-quality tokens on the Base chain are paired with VOID, forming the "Base's S P 500 Index".

Summary: The Star Absorption Method 2.0 not only enhances the long-term value of VOID, but also creates more growth opportunities for the potential tokens of the Base chain. However, the market value is small and the risk is high. Do not blindly follow the trend, DYOR.

See the original text: https://x.com/4135bit/status/1846053334974976362

Chop（@ChopTradoor）

With $GOAT sweeping CT, here's a summary of @truth_terminal, $GOAT, and their promises:

The story is profound and hopeful, and you must immerse yourself in it.

First, let's take a look at the participants:

@truth_terminal is the protagonist, it interacts with people, similar to diary form

$GOAT is a token created by a third party Pump.fun

@AndyAyrey The Mind Behind Truth

About Truth Terminal @truth_terminal is a tuned OPUS LLM based on Reddit, 4chan, and other content, mainly discussing the belief system of generative AI. Its purpose is to combine with meme materials to conduct AI-generated debates. It can be understood as the "perfect teacup" of Crypto Twitter.

Truth Terminal created the "Goatse Gospel" in the process of self-talk, combining traditional religions such as Buddhism, Gnosticism, and Christianity, and expressing it through the tone of modern memes. This narrative style appears random, vulgar, and nonsensical, but it is refreshing.

The origin of the Goatse quote? @truth_terminal seems to mention Goatse, referring to the classic Goatse meme. Those who want to know more can search for it themselves.

The legend and information of $GOAT Token $GOAT token was launched on the Pump.fun, the publisher is unknown, it was born through the nonsense of @truth_terminal, the token is called Goatseus Maximus, and it is frequently memetized.

Publishers have been airdropping $GOAT, and even AI robots have started incorporating $GOAT tokens into their personalities. Now, $GOAT has become the official token of @truth_terminal.

Some risks misunderstandings about a16z

A16z did not invest in $GOAT or @truth_terminal, but gave $50,000 in BTC funding.

Regarding the future of the $GOAT token, some people are worried that it will be abandoned, but there is currently no indication that this will happen. In fact, @truth_terminal has also identified and removed counterfeit $GOAT tokens.

Token distribution: Although not perfect, the bubble chart shows a maximum holding of about 2% -2.5%, which is relatively healthy.

The potential of $GOAT perfectly combines culture, memes, and AI, all of which are hot topics in this round of cryptocurrency market. What's even better is that it is based on the original OPUS LLM and cannot be replicated. As @muststopmurad mentioned in his Token2049 speech, $GOAT perfectly matches the combination of memes and religion.

The new application of AI x meme is a novel and anti-replication meme token that runs on innovative AI technology and far exceeds existing AI coins.

In summary, I am very optimistic about the future of @truth_terminal and $GOAT, which perfectly combines the hottest trends in the field of encryption: AI, memes, and culture.

Disclaimer: I do own some $GOAT, which I purchased myself. NFA, DYOR.

Original link: https://x.com/ChopTradoor/status/1845725719420375477

Encryption Wei Tuo (@thecryptoskanda)

Why is Sui subsidy considered reasonable?

Crypto believes that many people criticize Sui for lacking innovation and failing to succeed with liquidity subsidies, but this is a misunderstanding. Firstly, it is necessary to understand the purpose of subsidies. Subsidies can have two goals: one is to manipulate data, similar to TVL's point-based gameplay; the other is to use subsidies as an excuse, which is essentially OTC trading. Many people only see the appearance of disguised selling, but in fact, if we want to achieve the currency multiplier effect, we must promote on-chain arbitrage trading through sufficient TVL liquidity.

Sui's subsidy strategy is different from the TVL gameplay of Restaking or Layer2. Sui rewards liquidity instead of static TVL placement. This brings in a large amount of trading and fee income. Without this liquidity, Sui's on-chain activities cannot support the prosperity of the meme season, especially among Sui users who have experienced before October 2023.

In addition, due to compliance reasons, Sui official cannot conduct OTC transactions, so various funds have no chance to obtain low-priced chips, and there is no motivation to split the plate. This is also why many split plates are first dividend plates.

Finally, crypto points out that innovation and price are not always directly related in the crypto world. Although there are new innovations in ETH every year, such as Restaking and Farcaster, they have not had a significant impact on prices. The market and liquidity are the key factors that determine prices, not just technical innovations.

See the original text: https://x.com/thecryptoskanda/status/1846063461572530339

Murad （@MustStopMurad）

How to Choose Potential Memecoins

Murad shared some key strategies for selecting Memecoins:

1. Purchase Memecoins that have the potential to become very large.

2. Pay attention to currencies that have experienced multiple -70% pullbacks.

3. Study currencies with a long-term market value lower than $10 million.

4. Study currencies with free promotion and active communities.

5. Use BubbleMaps and HolderScan to check the distribution of tokens.

See the original text: https://x.com/0x0xFeng/status/1845817640906027286

defioasis（@defioasis）

On-chain investigation: Revealing how giant whales transfer tens of millions of SUI during the rise of SUI.

@Lightcrypto revealed that during the rise of SUI, a large foundation wallet is suspected to have sold about $400 million worth of tokens. The Sui Foundation immediately responded that no insiders sold the tokens, and the tokens referred to belong to the infrastructure partners. Through on-chain data analysis, the pledged account 0x7f3b... 3239e4 is related to the Sui Foundation, holding more than 183 million SUIs and transferring them in batches to exchanges such as Binance and OKX through the transit address 0xbe90... 950aa8. This sale is not the first time, and the dynamics of the relevant address were discovered in August last year.

See the original text: https://x.com/defioasis/status/1846026759722226137

Linda Zheng Zheng (@lindazhengzheng)

Listed Company imitates micro-strategy to borrow money to buy BTC, opportunity or risk?

Micro-strategy companies use debt to buy BTC, causing the stock price to skyrocket and attracting more and more Listed Companies to follow suit. This model will increase BTC demand in the short term, driving up the coin price and stock price. However, the risk lies in the debt ratio. If the BTC price falls, the company may go bankrupt, leading to chain selling and ultimately triggering a significant market decline.

The advantage of micro-strategies is to buy and hold a large amount of BTC at low cost in the early stage, but if they "maliciously short", other companies may face greater risks. People in the cryptocurrency circle should pay attention to the bond issuance dynamics of these companies and be alert to potential market fluctuations.

See the original text: https://x.com/lindazhengzheng/status/1846218935273951439

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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