I previously wrote two tweets about @ResolvLabs. I initially had moderate expectations, but unexpectedly, it not only got listed on Binance Alpha but also on contracts, OKx, and Bybit, which is an unexpected gain.
At that time, I was a bit worried about their mechanism that required two weeks to unlock, but now I see that unlocking on May 27 and receiving on June 10 isn't too difficult, especially since Binance only started contracts on the 10th, making it a perfect fit.
To be honest, there are now more project parties that can hype things up, but the real skill lies in their ability and level of cooperation. Recently, I even heard about a novice project party being misled and almost paying 3 million dollars for Alpha😂😂😂.
From a DeFi perspective, this protocol has a certain appeal for traditional financial funds looking to enter crypto from Europe and America because the logic is relatively simple: all assets are deployed in ENA, along with an insurance pool to bear risks and earn 30% returns.
After all, quant funds are very common in traditional finance, and it's difficult for them to re-understand Web3. However, if they can start with a relatively familiar path to experience DeFi returns in a one-stop manner, they may gradually follow Resolv to explore relatively more complex asset modules.
I can't predict the short-term price fluctuations after the launch, but with this subsidy tool, it is no longer blind mining for airdrops, which is actually more favorable for traditional funds in calculating returns.