Snapfingers 响指研究所

If you don’t know Sui Network or Move smart contract language yet, let’s excerpt an explanation from Mr. Haotien (@tmel0211) on X to help you quickly understand Sui+Move:
Solidity language is a common language for building various types of smart contracts on Ethereum and has a large developer base; Move language, as a latecomer, has obvious advantages in resource processing, security and modularity, and is especially suitable for financial applications. .

The Move language introduces a resource model, and each Object is regarded as a unique entity, making it more secure; Move provides a strict type system and ownership model, which helps to monitor and prevent various vulnerabilities at compile time, and is especially suitable for handling complex financial transactions; Move supports a high degree of modularity and composability, allowing developers to create interoperable modules and libraries.

Web3's first AAA SLG strategy game BLOCKLORDS has launched the bear hunting season on January 3! The 60-day season prize pool is 50,000 $LRD, with first place receiving up to 1,000 $LRD. Let’s take a look at GWG researcher ZiYu’s sharing of gold hunting experience during the bear hunting season~
🔸Financing background
BLOCKLORDS is developed by the MetaKing Studios team with rich game experience. It is reported that the team completed a $15 million seed round last year, with investors including Square Enix, Krafton, Fun Plus, Makers Fund, BITKRAFT, Delphi Digital, Animoca Brands, ShimaCapital, Huobi Ventures et al.

🤑Fast-paced trading#memecard chain game Cards Ahoy has launched three tests on January 15th ❄️Showdown Test. ICE KEY is required to participate in gold deposits, retain NFT, and the token $CAC can be exchanged for U, and there are generous rewards ! Many friends are asking about tutorial articles and gold mining strategies in the group. Let’s take a look at the game research report of GWG researcher ZiYu~
1. Game introduction
Cards Ahoy is a casual, fast-paced trading card game with a Meme style. It takes only 60 seconds to get started. Players can freely collect various MEME cards, build their own decks, use wisdom and strategy to compete with players around the world and win rewards.

“Hello everyone, this is a chain game community initiated by ladies and sisters. We mainly share new information and tutorials related to chain games/NFT. Let’s play and earn together! 🎮💰”
On December 11, 2023, Binance announced the launch of the 40th Launchpool project Fusionist ($ACE ), and subsequent token launches also attracted enthusiastic attention from the market. From Fusionist’s early Alpha Prestige Free Mint activities to its mainnet launch, we have reported and shared it. Before its upcoming third test in Q1 of 2024, let’s learn about the game’s second test experience review with GWG researcher ZiYu~

🐝🐾 Meta Merge Cute Pet Mobile Game is the earliest and most playable GameFi in the Ultiverse (Electric Sheep) SDK ecosystem, and has a high degree of attention on the BNB Chain. Meta Merge will begin internal testing in July 2023 and will be officially launched on November 18. The game APP can be downloaded directly through the Apple/Google store, and the experience is smooth. After logging in through the Uliverse game account, a managed wallet will be automatically generated and associated, providing a very smooth entry experience for potential Web2 players.

Project information
👾Game name｜Meta Merge
🪙Token name｜$MMM
🔗Supported blockchains｜BNB Chain

This technical research report was written by Polaris from the ScaleBit research team, with special thanks to Norman and Henry from SnapFingers for their revision comments.
TL;DR
This article conducts an in-depth study of the diversity and application scenarios of DeFi leverage, analyzes vulnerabilities at the code level in detail, and proposes key security points of leverage protocols.
Introduction to DeFi Leverage
The recent launch of dYdX V4 has generated a lot of attention and participation in perpetual contracts exchanges. dYdX has successfully applied leverage trading cases, and we should not only look forward to the huge potential of dYdX V4, but also pay attention to the security of the leverage protocol. Next, we will use specific code analysis and examples to familiarize you with different leverage strategies and security considerations.

If you were asked to choose a game to invest in, would the universe-themed MMORPG made by the founder of World of Warcraft, StarCraft II, Diablo III, and Hearthstone make your heart beat a few more times? This article is about some of the experience of the Ringing Finger Guild during the alpha3 test. I hope that I can join you in the future.
Introduction
As a Web3 MMORPG game, it has excellent graphics, takes gameplay as the core, and integrates web3 features so that the value of all the time and effort invested can be retained. In the game, you start as the pilot of a small spaceship and explore a new world for mankind. Here, you will experience fierce and interesting space battles, explore mysterious pirate strongholds, and visit magnificent interstellar mines.

Preface

The demand for early stablecoins mainly came from solving the following two problems:

The value anchoring problem of virtual assets: At first, the value of virtual assets fluctuated greatly and was difficult to stabilize, which brought uncertainty and risk to the cryptocurrency market. Stablecoins solve this problem by anchoring their value to a stable asset, such as the U.S. dollar or gold.

Issues with deposits and withdrawals under supervision: Due to imperfect supervision of the cryptocurrency market, there are certain risks and uncertainties in the deposits and withdrawals of cryptocurrencies, which brings trouble to traders. Stablecoins allow traders to use an asset similar to fiat currency in the cryptocurrency market by providing a stable asset, thereby avoiding the issues of regulated deposits and withdrawals.

Table of contents

Preface

01 Basic information of the Tranchess project

02 Tranchess product architecture and operational status

03 CHESS Token Model and Valuation Analysis

04 Risk Classification Agreement Competitive Product Analysis

05 Tranchess development prospects

Preface

DeFi is a new deconstruction of the traditional financial world. It uses blockchain technology to enable financial activities to operate more efficiently, openly and transparently. Previously, financial products such as banks, exchanges, insurance, derivatives, etc. were all mapped in the DeFi field. With the advent of Tranchess, hierarchical funds have also been implemented in the crypto world. Hierarchical funds were originally a relatively complex financial derivative. They emerged to meet the investment needs of different types of investors with different risk preferences. Tranchess uses the characteristics of DeFi to reconstruct this product, lowering the threshold for use and making it more accessible. Multiple users can leverage this tool for asset management. Hierarchical funds generally consist of a parent fund and two parts of sub-funds. The sub-fund part is divided into high-risk and low-risk parts by dividing returns and risks. For the high-risk part, higher returns can be obtained by superimposing leverage, but at the same time it also bears more risks; for the low-risk part, the returns are more controllable and stable. These three parts can be split or combined according to investor preferences. As Tranchess enters the LSD track at the end of 2022, its unique tiered fund model brings more possibilities to this track. On the one hand, it increases the level of risk-free returns, and on the other hand, it reduces the risk under market fluctuations.

1. DeFi data panel

Stablecoin issuance

As of March 27, the market capitalization of the top 5 stablecoins was 128.1 billion, a decrease of 2.12% from the middle of the month (130.8 billion).

USDC has resumed anchoring prices, but it is foreseeable that discussions and thinking about stablecoins will return to the public eye. Coupled with the hot project crvUSD and dpxUSD scheduled to be released in the first quarter, a new round of protocol-native stablecoins will become the focus of this stage. A hot spot.

On March 15, Changpeng Zhao tweeted that Binance was moving zero-fee Bitcoin transactions from BUSD to TUSD.

1. DeFi data panel

Stablecoin issuance

As of March 12, the market capitalization of the top five stablecoins was $130.8 billion, which was basically the same as the $130.7 billion at the end of last month.

Affected by the Silicon Valley Bank thunderstorm, USDC became unanchored in a short period of time. On March 11, its value was even less than 90 cents. USDC prices rebounded following the U.S. Treasury’s statement and are currently back at $0.9961.

Due to the BUSD minting ban, Binance has regarded TUSD as one of the alternative stablecoin solutions and has been minting a large amount of TUSD in the recent period. The current market value of TUSD has exceeded US$2 billion, an increase of more than 100% from a month ago.

1. DeFi data panel

Stablecoin issuance

As of February 27, the market capitalization of the top 5 stablecoins was $130.7 billion, which was basically the same as the $131.1 billion in the middle of the month.

The regulatory ban on BUSD continues to unfold. As a result, BUSD's market capitalization has dropped from approximately $16B to less than $11B.

From 2/21 to 2/28, Binance minted approximately $130 million worth of TUSD. The market value of TUSD increased by 15%, surpassing Frax Finance and ranking fifth.

TVL data

As of February 28, the TVL of the entire network was US$74.7 billion, an increase of 8.57% from the previous month.

The TVL of the L2 duo continued to be popular in the market in February, with large gains in Arbitrum (+57.94%) and Optimism (+37.83%).

Table of contents

01 Public chain structure and concept

02 The rise of Ethereum Layer2

03 NFT trading market and NFT-Fi

04 GameFi development status and trends

Outlook for the Cryptocurrency Track in 2023

01 Public chain structure and trends

As the core narrative of the industry, the public chain has undergone previous innovations mainly in three directions: consensus mechanism, programmability, and scalability.

1.1 Changes in the new public chain landscape

After a series of new public chain competitions, Ethereum’s TVL proportion will steadily increase in 2022, reaching 65%.

BSC’s share also increased slightly, reaching 9.9%.

As the capital and platform behind it decline, and the ecosystem migrates to the Move-based public chain, Solana is being abandoned by the market and capital. TVL dropped from 4% at the beginning of the year to 0.58%.

11/14 -11/20 65 issues

*This weekly report is co-created by SnapFingers DAO builder Discord: Ya#3727Gu#4974Twitter: @linyao1900 @Guaaronnnn *

01 Crypto World Cup Theme: Fan Tokens, NFT and Chain Game Inventory

The World Cup, which is held every four years, is not only a carnival for fans, but also a rare hot spot for crypto investors. Some projects related to this even had publicity campaigns more than three months ago. Judging from the experience of other previous events, related concept tokens will be the first to start rising, and then drive the market. However, this year's FTX thunderstorm happened before the game, and the token gains have retraced. As the game progressed, some NFT projects also experienced rises and falls. Below, we will sort out some noteworthy projects from three aspects: fan tokens, NFTs, and chain games.

11/06 -11/12 64 issues

This weekly report is co-created by SnapFingers DAO builder Discord: Ya#3727Gu#4974Twitter: @linyao1900 @Guaaronnnn

01 Impact of FTX Collapse on Crypto Regulation

Technological progress has promoted the development of the encryption industry, but it has also brought many problems. At the national level, the anonymity and decentralization of crypto-assets provide the ground for criminal problems. Traditional supervision methods are highly dependent on centralized financial institutions such as banks, and their anti-censorship characteristics also make law enforcement more difficult. In addition, virtual currency in encrypted assets, as a payment tool, theoretically poses a certain threat to the stability of existing national currencies and affects the central bank's macro-control capabilities.