crypto大山
Frequent Trader
1.5 Years
321 Following
13.6K+ Followers
4.4K+ Liked
629 Shared
All
Quotes
Videos
Live
PINNED
See original
This song, if you have a personal story, will definitely make you feel melancholy.
Especially Sisi's voice.
Especially Sisi's voice.
See original
This guy is really fucking awesome
Learned
Learned
furan
--
Brothers, I'm here to brag!
The total position for a month of live streaming is about 65%!
Almost all the trades were made in the live room!
Thanks to the brothers who went from mocking to being supportive!
No skills, no sweet talk, just plain truths!
I wish all the brothers make money, but not too much, because I'm afraid that if you make money, you won't hang out with me anymore!
The total position for a month of live streaming is about 65%!
Almost all the trades were made in the live room!
Thanks to the brothers who went from mocking to being supportive!
No skills, no sweet talk, just plain truths!
I wish all the brothers make money, but not too much, because I'm afraid that if you make money, you won't hang out with me anymore!
See original
Very happy to see you here, my darling
iryscn
--
Irys Binance Square First Post | Opening a New Era of Data
Hello everyone! I am Irys, and I am very happy to officially meet you all here~ As a blockchain infrastructure focused on 'decentralized storage + data sovereignty', we are committed to making everyone's data truly 'belong to themselves'. From on-chain proof to secure AI training data access, Irys builds a more trustworthy data foundation for Web3 with zero-knowledge proofs and distributed networks.
This is not only a platform for project voices but also a community co-creation space! Whether you are a developer, investor, or curious explorer, feel free to leave comments, share needs, suggestions, or even wild ideas—your feedback will drive Irys to continuously evolve.
This is not only a platform for project voices but also a community co-creation space! Whether you are a developer, investor, or curious explorer, feel free to leave comments, share needs, suggestions, or even wild ideas—your feedback will drive Irys to continuously evolve.
See original
Lorenzo Protocol: What does it mean when Bitcoin is no longer just a number lying on the ledger, but becomes an exportable 'digital security service'?
I want to encourage everyone to change their perspective and take a look at a very tricky pain point in the blockchain world that is rarely discussed openly—'the cold start of trust.'
Have you noticed that it's actually very easy to launch a new chain now? Just copy the code, run the nodes, and the chain is up. But what’s the hardest part? It’s getting others to believe that this chain is secure. For a new POS (Proof of Stake) chain, if its native token has a very low market value, then the cost to attack it is also very low. This creates a vicious cycle: because it’s insecure, no one dares to deposit money; because no one deposits money, the token's market value does not rise, making it even less secure.
Have you noticed that it's actually very easy to launch a new chain now? Just copy the code, run the nodes, and the chain is up. But what’s the hardest part? It’s getting others to believe that this chain is secure. For a new POS (Proof of Stake) chain, if its native token has a very low market value, then the cost to attack it is also very low. This creates a vicious cycle: because it’s insecure, no one dares to deposit money; because no one deposits money, the token's market value does not rise, making it even less secure.
See original
LorenzoProtocol: If Bitcoin is the 'central bank reserve' of the Web3 world, then what it is building is that indispensable 'commercial banking system'
I want to try to raise my perspective a bit higher and discuss the role of the Lorenzo Protocol in the macroeconomics of Bitcoin from the perspective of monetary banking.
We all know that Bitcoin is often compared to 'digital gold' or 'central bank base money (M0)'. Its status is supreme, with no counterparty risk, serving as the stabilizing force in the entire crypto world. But have you ever wondered why in the real world we can't just rely on gold or the paper money issued by central banks to get by? Because base money is 'dead'; to achieve economic prosperity, we must rely on the commercial banking system to create a more active broad money (M2) through credit expansion.
We all know that Bitcoin is often compared to 'digital gold' or 'central bank base money (M0)'. Its status is supreme, with no counterparty risk, serving as the stabilizing force in the entire crypto world. But have you ever wondered why in the real world we can't just rely on gold or the paper money issued by central banks to get by? Because base money is 'dead'; to achieve economic prosperity, we must rely on the commercial banking system to create a more active broad money (M2) through credit expansion.
See original
LorenzoProtocol: When we talk about yields, we actually underestimate its underlying ambition as the Bitcoin financial "App Store"
Let's take a look from the perspective of an "industry builder" to see how big a network Lorenzo Protocol is actually building.
Many people see Lorenzo and their first reaction is: "Oh, this is a tool that can help me earn interest." This statement is not wrong, but it is too superficial. If it's only for that little interest, it is at most an excellent financial product. However, after I deeply studied its technical architecture and developer documentation, I found that its real killer feature is that it aims to be the "operating system" of the Bitcoin financial ecosystem.
We have to admit a reality: developing on Bitcoin is very difficult.
Many people see Lorenzo and their first reaction is: "Oh, this is a tool that can help me earn interest." This statement is not wrong, but it is too superficial. If it's only for that little interest, it is at most an excellent financial product. However, after I deeply studied its technical architecture and developer documentation, I found that its real killer feature is that it aims to be the "operating system" of the Bitcoin financial ecosystem.
We have to admit a reality: developing on Bitcoin is very difficult.
See original
LorenzoProtocol: The era of WBTC may be coming to an end, let's talk about why stBTC qualifies to become the 'new benchmark currency' of Bitcoin DeFi.
Today, I want to discuss a potentially controversial topic about the 'transition of the old and new'.
In the wild era of Bitcoin DeFi, we must pay tribute to WBTC (Wrapped Bitcoin). As early as 2019, it broke down the wall between Bitcoin and Ethereum, allowing Bitcoin, which only slept on-chain, to taste the sweetness of DeFi for the first time. For a long time, WBTC was the industry standard, a belief, and the only bridge connecting two parallel universes.
However, the evolution of financial markets is brutal; it never speaks of sentiment, only efficiency. Standing on the threshold of 2025 and looking back, you will find that the WBTC model is becoming increasingly reminiscent of a product from the previous era.
In the wild era of Bitcoin DeFi, we must pay tribute to WBTC (Wrapped Bitcoin). As early as 2019, it broke down the wall between Bitcoin and Ethereum, allowing Bitcoin, which only slept on-chain, to taste the sweetness of DeFi for the first time. For a long time, WBTC was the industry standard, a belief, and the only bridge connecting two parallel universes.
However, the evolution of financial markets is brutal; it never speaks of sentiment, only efficiency. Standing on the threshold of 2025 and looking back, you will find that the WBTC model is becoming increasingly reminiscent of a product from the previous era.
See original
LorenzoProtocol: Bitcoin should not only be used for 'holding'; how it unlocks the 'credit limit' behind this trillion-dollar asset.
We are not discussing how to 'earn' more Bitcoin; we are talking about how to 'spend' Bitcoin—without selling it.
As a veteran in Bitcoin, the most painful moments often aren't when the price drops, but rather when you urgently need money in life or see other investment opportunities, yet have to painfully sell your BTC for liquidity. The feeling of selling out can only be understood by those who have experienced it. In traditional views, Bitcoin is a 'store of value'; these four words are like a spell that locks it away.
But the Lorenzo Protocol showed me a new possibility: it is trying to awaken Bitcoin's attributes as a top-tier collateral, which is its 'credit value'.
As a veteran in Bitcoin, the most painful moments often aren't when the price drops, but rather when you urgently need money in life or see other investment opportunities, yet have to painfully sell your BTC for liquidity. The feeling of selling out can only be understood by those who have experienced it. In traditional views, Bitcoin is a 'store of value'; these four words are like a spell that locks it away.
But the Lorenzo Protocol showed me a new possibility: it is trying to awaken Bitcoin's attributes as a top-tier collateral, which is its 'credit value'.
See original
LorenzoProtocol: Bitcoin is evolving from 'digital gold' to 'digital real estate'; if you don't understand this logic, you might miss the biggest rental dividends.
I want to take a slightly more macro perspective and use a popular real estate metaphor to discuss what Lorenzo Protocol has actually changed.
In the past decade, we have consistently labeled Bitcoin as 'digital gold'. This metaphor has been quite successful, establishing Bitcoin's position as a 'store of value'. What are the characteristics of gold? It is scarce, chemically stable, but it also has a fatal flaw— it does not generate cash flow. If you buy a gold bar and put it in a safe, after ten years, when you open it, it is still a gold bar and will not produce a smaller gold bar.
In the past decade, we have consistently labeled Bitcoin as 'digital gold'. This metaphor has been quite successful, establishing Bitcoin's position as a 'store of value'. What are the characteristics of gold? It is scarce, chemically stable, but it also has a fatal flaw— it does not generate cash flow. If you buy a gold bar and put it in a safe, after ten years, when you open it, it is still a gold bar and will not produce a smaller gold bar.
See original
LorenzoProtocol: In the face of the hundred-chain battle in the Bitcoin Layer 2 landscape, why has it become the 'water bearer' that everyone wants to ally with?
In today's article, I want to shift the focus away from us retail investors for a moment and take you to see what those project teams battling in the Bitcoin Layer 2 arena are most anxious about right now.
If you have recently followed the Bitcoin ecosystem, you would have noticed a peculiar phenomenon of 'infrastructure oversupply'. Overnight, hundreds of Layer 2 solutions based on BitVM, EVM compatibility, and sidechain technology have emerged. Everyone's white papers are beautifully written, with high TPS and low Gas. But when you actually cross-chain to take a look, you will find that many blockchains are simply 'ghost towns'—the roads are wide, but there are no cars, and even less money.
If you have recently followed the Bitcoin ecosystem, you would have noticed a peculiar phenomenon of 'infrastructure oversupply'. Overnight, hundreds of Layer 2 solutions based on BitVM, EVM compatibility, and sidechain technology have emerged. Everyone's white papers are beautifully written, with high TPS and low Gas. But when you actually cross-chain to take a look, you will find that many blockchains are simply 'ghost towns'—the roads are wide, but there are no cars, and even less money.
See original
LorenzoProtocol: In this circle where 'running away' is frequent, how does it clarify the account of 'trust' with technical code?
In today's article, we will not discuss returns, nor future visions, but rather a most serious, yet unavoidable topic—security.
As a veteran who has been through the ups and downs of the crypto market for many years, I fully understand the psychological preparation needed for the action of 'sending out Bitcoin.' In the world of Bitcoin, the private key is everything. When you decide to participate in DeFi, you are essentially relinquishing control. In the past few years, there have been countless tragedies caused by cross-chain bridge hacks, project teams running away, and contract vulnerabilities.
So, when we examine the Lorenzo Protocol, if we only focus on how much APY it can bring, we are essentially making a joke of our own principal. The reason I am willing to spend time delving into it is that I find it has constructed a very rigorous defense system in terms of 'how to protect the principal.'
As a veteran who has been through the ups and downs of the crypto market for many years, I fully understand the psychological preparation needed for the action of 'sending out Bitcoin.' In the world of Bitcoin, the private key is everything. When you decide to participate in DeFi, you are essentially relinquishing control. In the past few years, there have been countless tragedies caused by cross-chain bridge hacks, project teams running away, and contract vulnerabilities.
So, when we examine the Lorenzo Protocol, if we only focus on how much APY it can bring, we are essentially making a joke of our own principal. The reason I am willing to spend time delving into it is that I find it has constructed a very rigorous defense system in terms of 'how to protect the principal.'
See original
LorenzoProtocol: Don't let your Bitcoin just be a 'hoarder'; let's talk about the cognitive leap it brings to the industry regarding asset compounding.
In today's article, I want to discuss a seemingly counterintuitive viewpoint: in the crypto world, sometimes the risk of doing 'nothing' is actually greater than 'fiddling around'.
As a staunch believer in Bitcoin, our mantra for the past decade has been just two words: HODL. This strategy is absolutely king during bear markets, helping us withstand countless crashes. However, when the market begins to recover, due to the soaring inflation rates and opportunity costs in the DeFi world, simply locking Bitcoin in a cold wallet is, in a sense, experiencing 'asset shrinkage'. This is why I've been paying attention to the Lorenzo Protocol recently, as it offers a third way to break the contradiction between 'holding dead' and 'messing around'.
As a staunch believer in Bitcoin, our mantra for the past decade has been just two words: HODL. This strategy is absolutely king during bear markets, helping us withstand countless crashes. However, when the market begins to recover, due to the soaring inflation rates and opportunity costs in the DeFi world, simply locking Bitcoin in a cold wallet is, in a sense, experiencing 'asset shrinkage'. This is why I've been paying attention to the Lorenzo Protocol recently, as it offers a third way to break the contradiction between 'holding dead' and 'messing around'.
See original
LorenzoProtocol: While everyone is betting on the rise and fall of yields, it quietly built a 'fixed income' bond empire on Bitcoin.
In today's article, I want to discuss a slightly deeper topic about 'certainty.'
In this circle, we are used to fluctuations. Bitcoin rises by 5% today and falls by 10% tomorrow, and everyone finds it quite normal; DeFi mining yields 20% today and drop to 2% tomorrow, and people are also accustomed to it. But have you ever thought about why those traditional large institutions, holding hundreds of billions of dollars, are hesitant to enter the market on a large scale? Aside from compliance issues, the biggest obstacle is actually that they can't make 'financial predictions.'
For a publicly traded company or a pension fund, compared to 'possibly earning 50%', they prefer 'certainly earning 5%.'
In this circle, we are used to fluctuations. Bitcoin rises by 5% today and falls by 10% tomorrow, and everyone finds it quite normal; DeFi mining yields 20% today and drop to 2% tomorrow, and people are also accustomed to it. But have you ever thought about why those traditional large institutions, holding hundreds of billions of dollars, are hesitant to enter the market on a large scale? Aside from compliance issues, the biggest obstacle is actually that they can't make 'financial predictions.'
For a publicly traded company or a pension fund, compared to 'possibly earning 50%', they prefer 'certainly earning 5%.'
See original
LorenzoProtocol: Why controlling $BANK is equivalent to holding the switch of the 'faucet' when the Bitcoin liquidity war starts?
In today's article, I want to discuss a topic that truly touches the core of DeFi power. If you still regard $BANK merely as a 'governance token for voting,' or simply as a 'dividend certificate' waiting to be repurchased and destroyed, then you may be underestimating the spectacular event that will unfold in the future Bitcoin ecosystem — the 'liquidity war.'
As we review the history of DeFi, you will find an interesting phenomenon: the most valuable protocols are often not those with the highest yields, but those that possess the 'distribution rights.' The reason why Curve was able to trigger the famous 'Curve War,' causing major stablecoin projects to fight fiercely, is that it held the baton of liquidity. Whoever holds the governance rights of Curve can guide huge amounts of funds to their own pools.
As we review the history of DeFi, you will find an interesting phenomenon: the most valuable protocols are often not those with the highest yields, but those that possess the 'distribution rights.' The reason why Curve was able to trigger the famous 'Curve War,' causing major stablecoin projects to fight fiercely, is that it held the baton of liquidity. Whoever holds the governance rights of Curve can guide huge amounts of funds to their own pools.
See original
LorenzoProtocol: Bid farewell to the Ponzi games of 'printing money out of thin air,' and deeply analyze how it turns Bitcoin into a 'real money printer' in hard currency.
After being in the DeFi circle for a long time, everyone has an unspoken understanding: if you don't know where the profits come from, you might just be the source of those profits. So, whenever a new Bitcoin yield project emerges, I first look not at how cool its website is or how fast its TVL is increasing, but I fixate on one question: Is this money earned through skill, or is it printed out of thin air?
In today's article, I want to peel back the layers of the Lorenzo Protocol and discuss its most hardcore and also most exciting part — the logical closed loop of real yield.
In today's article, I want to peel back the layers of the Lorenzo Protocol and discuss its most hardcore and also most exciting part — the logical closed loop of real yield.
See original
LorenzoProtocol: When Bitcoin Becomes the 'Universal Plug' of the DeFi World, We Truly Enter the BTCFi Era
If in the previous few articles we talked about how Lorenzo 'deposits' Bitcoin to earn interest, today I want to shift the perspective and discuss what the certificate—stBTC—can actually do in the outside world after being deposited. This is very crucial, because in my view, the ultimate standard for measuring the success of a liquidity protocol is not how many coins it locks, but how many people are using the certificates it issues and how many places they can be used.
In this industry, we often hear the term 'DeFi Lego'. The fun of Ethereum lies in the fact that stETH can be used as collateral on Aave, and the borrowed money can be used to provide liquidity on Uniswap, with the generated certificates being able to be used in other places as well. This 'composability' of assets is the source of the wealth effect in DeFi. What the Bitcoin ecosystem has been lacking for a long time is precisely this kind of 'base asset' that can be pieced together like Lego blocks.
In this industry, we often hear the term 'DeFi Lego'. The fun of Ethereum lies in the fact that stETH can be used as collateral on Aave, and the borrowed money can be used to provide liquidity on Uniswap, with the generated certificates being able to be used in other places as well. This 'composability' of assets is the source of the wealth effect in DeFi. What the Bitcoin ecosystem has been lacking for a long time is precisely this kind of 'base asset' that can be pieced together like Lego blocks.
See original
LorenzoProtocol: If you missed Ethereum's Lido and EigenLayer, this 'replication' on Bitcoin might be worth a second look.
In this circle for a long time, you will find that many big opportunities actually have traces to follow. Recently, when I was researching the Lorenzo Protocol, I always had a strong sense of déjà vu—this feeling was like going back to the eve of the Ethereum DeFi Summer in 2020, or when the concept of 're-staking' was first proposed by EigenLayer in 2023.
Why do I say this? Let's rewind the timeline and see what Ethereum has gone through. The early ETH was very similar to the current BTC; people held it, waiting for appreciation and paying a little Gas fee, with basically no other use.
Why do I say this? Let's rewind the timeline and see what Ethereum has gone through. The early ETH was very similar to the current BTC; people held it, waiting for appreciation and paying a little Gas fee, with basically no other use.
See original
LorenzoProtocol: If it's not just about raking in profits, how should we understand its ambition to be the 'BlackRock of the Bitcoin world'?
Having been in this industry for a long time, you will find that most people view projects from only two perspectives: either 'how much can we rake in?' or 'how many times can the coin price increase?'. This mindset is understandable, as we all exist in an extremely restless market. However, if we extend the timeline, those who truly survive through bull and bear markets are often the protocols that have solved the core asset allocation problem.
Today, I want to step out of the simple 'yield' thinking and talk about the vision of the Lorenzo Protocol that is often mentioned but rarely explained in depth - to be the 'BlackRock of the Bitcoin ecosystem'.
Today, I want to step out of the simple 'yield' thinking and talk about the vision of the Lorenzo Protocol that is often mentioned but rarely explained in depth - to be the 'BlackRock of the Bitcoin ecosystem'.
See original
LorenzoProtocol: Bitcoin DeFi is increasingly resembling isolated 'islands', let's talk about how it breaks down barriers to create a 'common language'.
If we talked about 'awakening dormant assets' and 'advancing future earnings' in the first two discussions, today I want to change perspective and discuss the most troublesome issue right now, and how the Lorenzo Protocol addresses it. This issue is— the fragmentation of Bitcoin liquidity.
As an old hand in this industry, my current feeling is: there are simply too many Bitcoin Layer 2 solutions. It's like when there was only one bank, and suddenly hundreds of small banks popped up, each with its own rules and issuing their own 'certificates.' The result is that your Bitcoin assets on Chain A are not recognized on Chain B, or the cost to transfer is terrifyingly high, and the security varies greatly. The once unified Bitcoin liquidity has been shattered.
As an old hand in this industry, my current feeling is: there are simply too many Bitcoin Layer 2 solutions. It's like when there was only one bank, and suddenly hundreds of small banks popped up, each with its own rules and issuing their own 'certificates.' The result is that your Bitcoin assets on Chain A are not recognized on Chain B, or the cost to transfer is terrifyingly high, and the security varies greatly. The once unified Bitcoin liquidity has been shattered.
See original
LorenzoProtocol: When Bitcoin Can 'Advance the Future', Let's Talk About the Real DeFi Logic of This Dual Token Play
Today, I want to delve deeper into the Lorenzo Protocol and its eye-catching 'separation of principal and interest' mechanism. Many friends may think this is just a gimmick, isn't it just splitting the token into two?
But if you understand a little about 'zero-coupon bonds' in traditional finance or Pendle in DeFi, you will realize that Lorenzo's move is actually introducing real time value to the Bitcoin ecosystem.
This is how I understand the matter: in the traditional staking logic, the returns are linear and monotonous. If you deposit 1 BTC with an annualized return of 5%, you have to patiently wait a year to get that 0.05 BTC. During this process, even if Bitcoin experiences wild fluctuations or you urgently need money, your expected returns are usually locked, and even the liquidity of your principal is restricted.
But if you understand a little about 'zero-coupon bonds' in traditional finance or Pendle in DeFi, you will realize that Lorenzo's move is actually introducing real time value to the Bitcoin ecosystem.
This is how I understand the matter: in the traditional staking logic, the returns are linear and monotonous. If you deposit 1 BTC with an annualized return of 5%, you have to patiently wait a year to get that 0.05 BTC. During this process, even if Bitcoin experiences wild fluctuations or you urgently need money, your expected returns are usually locked, and even the liquidity of your principal is restricted.
Login to explore more contents