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alpha空投猎手|链上交互狂人|一级市场投研狩猎金狗|币圈项目太多了,秉承错过了就等下波机会,心态特别重要!
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Detailed Guide on Pre-TGE Investment Process and BNB Hedging LoanGood news, tomorrow there will be another Pre-TGE investment, get ready to reap the rewards! Based on the recent returns from Pre-TGE investments, they have mostly been above 100 U, even though $ZAMA has been declining lately, and a public offering has already taken place a few days ago. However, the profits are definitely much larger than those from regular Alpha airdrop profits! It is expected that it will be synchronized on Binance on the 2nd, so there’s no need to wait long. As long as your score is sufficient, just go for it without hesitation! A few days ago, someone actually asked me about the process and details of participating in the new investment. Today, I'll clarify everything in one article! First of all, the process of participating in the new investment before TGE is not much different from the regular TGE.

Detailed Guide on Pre-TGE Investment Process and BNB Hedging Loan

Good news, tomorrow there will be another Pre-TGE investment, get ready to reap the rewards! Based on the recent returns from Pre-TGE investments, they have mostly been above 100 U, even though $ZAMA has been declining lately, and a public offering has already taken place a few days ago. However, the profits are definitely much larger than those from regular Alpha airdrop profits! It is expected that it will be synchronized on Binance on the 2nd, so there’s no need to wait long. As long as your score is sufficient, just go for it without hesitation!

A few days ago, someone actually asked me about the process and details of participating in the new investment. Today, I'll clarify everything in one article!
First of all, the process of participating in the new investment before TGE is not much different from the regular TGE.
PINNED
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Bullish
The primary market Chinese MeMe is on fire again‼️ Just entered 2026, Chinese MeMe coins "I'm here now" have made a large group of people rich overnight "Binance Life" has also listed on spot trading Directly baffling foreign friends! So there are still many opportunities in the primary market now! But many people still don't take seriously the high fees in the primary market, not knowing that spending just one minute can save hundreds or even thousands of dollars in profits💰 👇👇👇 Now fill in Ahao's wallet invitation to save 30% in fees (the highest proportion allowed within market compliance). Over 300 people have already signed up, and future upgrades will allow me to adjust the ratio in real time for brothers. It's automatically returned by the system, no need for my intervention, completely worry-free about the risk of being scammed‼️ 1️⃣ Enter Web3 wallet 2️⃣ Click Invite Friends 3️⃣ Click Participate Now 4️⃣ Enter: AAA111 5️⃣ Confirm Complete✅ Brothers who are bound can come to the homepage to join the group, And sound the call to launch together on great projects! #币安上线币安人生 $我踏马来了 {alpha}(560xc51a9250795c0186a6fb4a7d20a90330651e4444)
The primary market Chinese MeMe is on fire again‼️
Just entered 2026, Chinese MeMe coins
"I'm here now" have made a large group of people rich overnight
"Binance Life" has also listed on spot trading
Directly baffling foreign friends!

So there are still many opportunities in the primary market now!
But many people still don't take seriously the high fees in the primary market, not knowing that spending just one minute can save hundreds or even thousands of dollars in profits💰
👇👇👇
Now fill in Ahao's wallet invitation to save 30% in fees (the highest proportion allowed within market compliance). Over 300 people have already signed up, and future upgrades will allow me to adjust the ratio in real time for brothers. It's automatically returned by the system, no need for my intervention, completely worry-free about the risk of being scammed‼️
1️⃣ Enter Web3 wallet
2️⃣ Click Invite Friends
3️⃣ Click Participate Now
4️⃣ Enter: AAA111
5️⃣ Confirm Complete✅
Brothers who are bound can come to the homepage to join the group,
And sound the call to launch together on great projects!
#币安上线币安人生 $我踏马来了
Beginner's Pitfalls: Three Rookie Mistakes I Made When I first started using ListaDAO for arbitrage, I made a few mistakes that now seem silly, so I'm sharing them to give you a heads-up. First, hitting the collateral ratio red line. I always wanted to maximize capital efficiency, setting the collateral ratio just right. As a result, during a midnight market crash, before I could add more collateral, the system liquidated me, and the losses were far greater than the interest I earned. Now I set my collateral ratio well above the requirements for peace of mind. Second, ignoring the duration of financial products. I was so focused on the low borrowing rates that I eagerly borrowed USD1 to deposit into a financial pool, only to later realize that it was a 90-day fixed lock-up. But my loan had a floating interest rate; if borrowing costs skyrocketed during that time, I would be in a bind. Now I always ensure that the durations and flexibility of both ends match. Third, completely misunderstanding reserve funds. I collateralized all my assets and didn't leave any BNB (for gas fees) in my wallet. As a result, when I needed to adjust my position, I had no money to pay the network fees, which was very awkward. Now I always keep some BNB in my wallet as 'fuel'; that's a hard-learned lesson. I hope you won't fall into these traps. On-chain operations, details determine success or failure, and safety is always the top priority. #usd1理财最佳策略listadao $LISTA @lista_dao
Beginner's Pitfalls: Three Rookie Mistakes I Made

When I first started using ListaDAO for arbitrage, I made a few mistakes that now seem silly, so I'm sharing them to give you a heads-up.

First, hitting the collateral ratio red line. I always wanted to maximize capital efficiency, setting the collateral ratio just right. As a result, during a midnight market crash, before I could add more collateral, the system liquidated me, and the losses were far greater than the interest I earned. Now I set my collateral ratio well above the requirements for peace of mind.
Second, ignoring the duration of financial products. I was so focused on the low borrowing rates that I eagerly borrowed USD1 to deposit into a financial pool, only to later realize that it was a 90-day fixed lock-up. But my loan had a floating interest rate; if borrowing costs skyrocketed during that time, I would be in a bind. Now I always ensure that the durations and flexibility of both ends match.
Third, completely misunderstanding reserve funds. I collateralized all my assets and didn't leave any BNB (for gas fees) in my wallet. As a result, when I needed to adjust my position, I had no money to pay the network fees, which was very awkward. Now I always keep some BNB in my wallet as 'fuel'; that's a hard-learned lesson.

I hope you won't fall into these traps. On-chain operations, details determine success or failure, and safety is always the top priority.
#usd1理财最佳策略listadao $LISTA @lista_dao
XPL: Finding a Way Out in the Compliance FrameworkIn the current environment of increasingly stringent global regulations, I pay special attention to the technical layout of the XPL project in terms of compliance— it has not passively responded to regulations but has actively embedded compliance requirements into the underlying protocol. This technical approach to compliance makes me feel it is very visionary. First, from the perspective of compliance technology during the issuance phase, the project party has built a technical system of "multi-dimensional KYC + address risk control." When users participate in the XPL token subscription, they not only need to complete traditional identity verification but also need to verify the on-chain address tracing— the system will automatically query the historical transaction records of the user's wallet address and use Chainalysis's risk scoring model to determine whether the address is associated with high-risk areas or illegal transactions.

XPL: Finding a Way Out in the Compliance Framework

In the current environment of increasingly stringent global regulations, I pay special attention to the technical layout of the XPL project in terms of compliance— it has not passively responded to regulations but has actively embedded compliance requirements into the underlying protocol. This technical approach to compliance makes me feel it is very visionary.

First, from the perspective of compliance technology during the issuance phase, the project party has built a technical system of "multi-dimensional KYC + address risk control." When users participate in the XPL token subscription, they not only need to complete traditional identity verification but also need to verify the on-chain address tracing— the system will automatically query the historical transaction records of the user's wallet address and use Chainalysis's risk scoring model to determine whether the address is associated with high-risk areas or illegal transactions.
Vanar Chain Paradigm Validation: The First Fusion Experiment of AI Native Economy and Player Sovereign EconomyI have spent nearly half a year continuously tracking and cross-validating the actual operational data, economic interaction patterns, and user behavior changes of early AI and gaming projects on the Vanar Chain. This process has gradually made me realize that the role played by Vanar Chain is far more than just a simple carrier platform for two popular tracks. It is quietly becoming an unprecedented 'social experiment arena,' with the core proposition: when the player economy, representing human creativity and social needs, coexists with the AI-native economy, representing automation and agents, in the same verifiable, decentralized environment, what new paradigms of production, distribution, and collaboration will emerge? The preliminary results of this experiment may redefine all our perceptions of the boundaries of value creation in Web3. This article will deduce the underlying logic of this integrated experiment, the emerging patterns, and its fundamental impact on the long-term ecological architecture based on observation.

Vanar Chain Paradigm Validation: The First Fusion Experiment of AI Native Economy and Player Sovereign Economy

I have spent nearly half a year continuously tracking and cross-validating the actual operational data, economic interaction patterns, and user behavior changes of early AI and gaming projects on the Vanar Chain. This process has gradually made me realize that the role played by Vanar Chain is far more than just a simple carrier platform for two popular tracks. It is quietly becoming an unprecedented 'social experiment arena,' with the core proposition: when the player economy, representing human creativity and social needs, coexists with the AI-native economy, representing automation and agents, in the same verifiable, decentralized environment, what new paradigms of production, distribution, and collaboration will emerge? The preliminary results of this experiment may redefine all our perceptions of the boundaries of value creation in Web3. This article will deduce the underlying logic of this integrated experiment, the emerging patterns, and its fundamental impact on the long-term ecological architecture based on observation.
ListaDAO Beginner's Practical Guide: A Complete Operational Path from Zero to OneFor newcomers to ListaDAO, I would like to share a complete operational path that has been validated through practice. This path starts with the most basic preparations and progresses step by step, aimed at helping newcomers safely and systematically master the core functions of ListaDAO. Phase One: Education and Preparation. Before touching any funds, I recommend spending at least a few hours understanding the basic concepts of ListaDAO: What is over-collateralized lending? What is liquid staking? How does the liquidation mechanism work? At the same time, prepare the necessary tools: a wallet that supports the BNB chain (such as MetaMask), a small amount of BNB for gas fees, and a small amount of funds for testing. I strongly advise against investing large amounts of money without understanding the basic mechanisms.

ListaDAO Beginner's Practical Guide: A Complete Operational Path from Zero to One

For newcomers to ListaDAO, I would like to share a complete operational path that has been validated through practice. This path starts with the most basic preparations and progresses step by step, aimed at helping newcomers safely and systematically master the core functions of ListaDAO.

Phase One: Education and Preparation. Before touching any funds, I recommend spending at least a few hours understanding the basic concepts of ListaDAO: What is over-collateralized lending? What is liquid staking? How does the liquidation mechanism work? At the same time, prepare the necessary tools: a wallet that supports the BNB chain (such as MetaMask), a small amount of BNB for gas fees, and a small amount of funds for testing. I strongly advise against investing large amounts of money without understanding the basic mechanisms.
Behind Interest Rate Fluctuations: The Market Sentiment Signals I See After using Lista Lending for a while, I've developed a habit: occasionally checking the real-time interest rates of several major liquidity pools. I've found that these are not just a few numbers, but more like a thermometer for market sentiment. For example, a few days ago, when the market was generally in panic, the demand for borrowing the stablecoin USD1 surged (possibly because people wanted to switch to stablecoins for safety), and its borrowing rate skyrocketed from below 2% to over 8% in a short time. Conversely, when the market warms up and people want to borrow money to buy coins, the interest rate for borrowing BNB against ETH as collateral will rise. So for me, Lista's interest rate dashboard has become a supplementary observation tool. If I see an unusually sharp increase in a certain interest rate, I instinctively check the news and look at the market to see if there’s some market event I haven’t noticed yet. It can't tell me whether to buy or sell, but it can remind me: the market's funds are flowing in which direction. This micro-level perception sometimes feels more tangible than looking at candlestick charts. #usd1理财最佳策略listadao $LISTA @lista_dao
Behind Interest Rate Fluctuations: The Market Sentiment Signals I See

After using Lista Lending for a while, I've developed a habit: occasionally checking the real-time interest rates of several major liquidity pools. I've found that these are not just a few numbers, but more like a thermometer for market sentiment.

For example, a few days ago, when the market was generally in panic, the demand for borrowing the stablecoin USD1 surged (possibly because people wanted to switch to stablecoins for safety), and its borrowing rate skyrocketed from below 2% to over 8% in a short time. Conversely, when the market warms up and people want to borrow money to buy coins, the interest rate for borrowing BNB against ETH as collateral will rise.

So for me, Lista's interest rate dashboard has become a supplementary observation tool. If I see an unusually sharp increase in a certain interest rate, I instinctively check the news and look at the market to see if there’s some market event I haven’t noticed yet.

It can't tell me whether to buy or sell, but it can remind me: the market's funds are flowing in which direction. This micro-level perception sometimes feels more tangible than looking at candlestick charts.
#usd1理财最佳策略listadao $LISTA @lista_dao
How long can this arbitrage model really last?\n\nIn the end, let's talk about reality. Is this arbitrage model that relies on "low interest rates from agreements" and "high interest rates from platforms" sustainable in the long term? I have my doubts.\n\nMy view is that it is more reliable to treat it as a temporary opportunity. In the early stages, ListaDAO attracted users with low interest rates, while exchanges like Binance pulled in new users with high-yield activities, resulting in a significant interest rate spread due to the subsidies from both sides. However, these subsidies cannot last forever. On one hand, as Lista's lending scale increases, market interest rates will tend to balance; on the other hand, the 20% annualized rate from exchanges is clearly a limited-time promotion.\n\nTherefore, my strategy is: not to treat it as a core, stable source of income, but rather as a "bonus" during the market dividend period. When there is a clear opportunity, participate decisively; when the interest rate spread narrows significantly or the activity ends, withdraw promptly.\n\nAt the same time, continue to learn deeper strategies within the Lista ecosystem, such as liquidity staking and stablecoin minting, as these may be more sustainable ways to participate. In short: seize the moment, but don't expect it to last forever.\n#usd1理财最佳策略listadao $LISTA @lista_dao
How long can this arbitrage model really last?\n\nIn the end, let's talk about reality. Is this arbitrage model that relies on "low interest rates from agreements" and "high interest rates from platforms" sustainable in the long term? I have my doubts.\n\nMy view is that it is more reliable to treat it as a temporary opportunity. In the early stages, ListaDAO attracted users with low interest rates, while exchanges like Binance pulled in new users with high-yield activities, resulting in a significant interest rate spread due to the subsidies from both sides. However, these subsidies cannot last forever. On one hand, as Lista's lending scale increases, market interest rates will tend to balance; on the other hand, the 20% annualized rate from exchanges is clearly a limited-time promotion.\n\nTherefore, my strategy is: not to treat it as a core, stable source of income, but rather as a "bonus" during the market dividend period. When there is a clear opportunity, participate decisively; when the interest rate spread narrows significantly or the activity ends, withdraw promptly.\n\nAt the same time, continue to learn deeper strategies within the Lista ecosystem, such as liquidity staking and stablecoin minting, as these may be more sustainable ways to participate. In short: seize the moment, but don't expect it to last forever.\n#usd1理财最佳策略listadao $LISTA @lista_dao
Analyzing the Dual-Token Model of ListaDAO: How slisBNB and lisUSD Drive the Ecological FlywheelOne of the most appealing designs of ListaDAO is its dual-token model composed of slisBNB and lisUSD. These two tokens do not exist in isolation but are intricately interwoven through a clever mechanism that drives the value circulation and growth flywheel of the entire ecosystem. slisBNB serves as the value input and stable cornerstone. It is the entry point and foundational asset of the entire system. The process of converting BNB into slisBNB essentially brings the fundamental value asset of the BNB chain into the ListaDAO ecosystem. The dual nature of slisBNB—representing both staked BNB (value storage) and the ability to earn interest (generate returns)—makes it an ideal collateral. It injects 'high-quality capital' with inherent earning capacity into the system, which is more stable than static assets because holders are more motivated to participate long-term rather than frequently entering and exiting. The accumulation of slisBNB directly enhances the overall security margin and attractiveness of the protocol.

Analyzing the Dual-Token Model of ListaDAO: How slisBNB and lisUSD Drive the Ecological Flywheel

One of the most appealing designs of ListaDAO is its dual-token model composed of slisBNB and lisUSD. These two tokens do not exist in isolation but are intricately interwoven through a clever mechanism that drives the value circulation and growth flywheel of the entire ecosystem.
slisBNB serves as the value input and stable cornerstone. It is the entry point and foundational asset of the entire system. The process of converting BNB into slisBNB essentially brings the fundamental value asset of the BNB chain into the ListaDAO ecosystem. The dual nature of slisBNB—representing both staked BNB (value storage) and the ability to earn interest (generate returns)—makes it an ideal collateral. It injects 'high-quality capital' with inherent earning capacity into the system, which is more stable than static assets because holders are more motivated to participate long-term rather than frequently entering and exiting. The accumulation of slisBNB directly enhances the overall security margin and attractiveness of the protocol.
Analyzing Walrus's Validator Network Architecture: I believe it is constructing a 'TEE-based inter-chain security corridor'After delving into Walrus's latest technical roadmap, especially the details of its validator node client upgrade, I have an increasingly strong feeling. I believe that the current mainstream narrative of cross-chain security models, whether it is multi-signature or optimistic verification, is caught in a dilemma of compromising between 'trust costs' and 'degree of decentralization.' Walrus has chosen a more hardcore and engineering-oriented path, which makes me feel that its goal is not merely to serve asset cross-chain. In my opinion, it attempts to leverage hardware security technologies like trusted execution environments to build verifiable and highly private 'secure data channels' in a mutually distrustful multi-chain environment.

Analyzing Walrus's Validator Network Architecture: I believe it is constructing a 'TEE-based inter-chain security corridor'

After delving into Walrus's latest technical roadmap, especially the details of its validator node client upgrade, I have an increasingly strong feeling.
I believe that the current mainstream narrative of cross-chain security models, whether it is multi-signature or optimistic verification, is caught in a dilemma of compromising between 'trust costs' and 'degree of decentralization.'
Walrus has chosen a more hardcore and engineering-oriented path, which makes me feel that its goal is not merely to serve asset cross-chain.
In my opinion, it attempts to leverage hardware security technologies like trusted execution environments to build verifiable and highly private 'secure data channels' in a mutually distrustful multi-chain environment.
Dusk and NPEX: 300 million euros of RWA on-chain, a key leap for narrative into realityI have been continuously observing the real-world asset track, and a strong feeling I have is: The RWA field has been noisy for many years; what has always been truly scarce is not the concept of "mapping" assets on-chain, but — After being on-chain, can assets circulate "trustworthily" in an environment that combines liquidity, compliance, and privacy? Not "one-way casting", not "dead inventory storage", not "OTC matching", not "islands lacking regulatory endorsement". Rather: Can tokenized stocks, bonds, and funds be freely traded in a secondary market that is recognized by regulators, protects commercial secrets, and has deep liquidity?

Dusk and NPEX: 300 million euros of RWA on-chain, a key leap for narrative into reality

I have been continuously observing the real-world asset track, and a strong feeling I have is:
The RWA field has been noisy for many years; what has always been truly scarce is not the concept of "mapping" assets on-chain, but —
After being on-chain, can assets circulate "trustworthily" in an environment that combines liquidity, compliance, and privacy?
Not "one-way casting", not "dead inventory storage", not "OTC matching", not "islands lacking regulatory endorsement".
Rather:
Can tokenized stocks, bonds, and funds be freely traded in a secondary market that is recognized by regulators, protects commercial secrets, and has deep liquidity?
From Initial Conception to BNB Chain Cornerstone: Tracing the Origin and Development Path of ListaDAOWhen I first came into contact with ListaDAO, I just regarded it as a practical DeFi tool. But when I began to study its development context, I understood the evolution a protocol must go through from conception to becoming infrastructure. The origin of ListaDAO did not appear out of thin air; it is a response to a core need in the DeFi space – the efficient release of liquidity for staked assets. This need is particularly prominent on PoS chains like BNB, where a large number of assets are locked due to staking and cannot participate in richer financial activities. The founding team of ListaDAO keenly captured this pain point and drew on the mature models of predecessors like MakerDAO, deeply integrating it with the concept of liquid staking, ultimately creating this solution on the BNB chain.

From Initial Conception to BNB Chain Cornerstone: Tracing the Origin and Development Path of ListaDAO

When I first came into contact with ListaDAO, I just regarded it as a practical DeFi tool. But when I began to study its development context, I understood the evolution a protocol must go through from conception to becoming infrastructure. The origin of ListaDAO did not appear out of thin air; it is a response to a core need in the DeFi space – the efficient release of liquidity for staked assets. This need is particularly prominent on PoS chains like BNB, where a large number of assets are locked due to staking and cannot participate in richer financial activities. The founding team of ListaDAO keenly captured this pain point and drew on the mature models of predecessors like MakerDAO, deeply integrating it with the concept of liquid staking, ultimately creating this solution on the BNB chain.
Today, I will talk to everyone about the value logic of XPL from the perspective of payment practicality! When discussing the value of XPL, I prefer to focus on its core positioning as a "global digital dollar payment infrastructure." The project does not pursue a large and comprehensive ecosystem but instead focuses on the core utility of stablecoin payments, which makes its advantages particularly prominent. As of January 2026, the TVL of stablecoins on the Plasma chain has firmly ranked second globally, with a scale between 4.5 to 5.5 billion USD, among which USDT holds an absolute dominance. Behind this data is the real application of zero-fee USDT transfers, supported by the Paymaster sponsorship mechanism. Users do not need to hold XPL to complete payments, significantly lowering the usage threshold and making it highly attractive in high-frequency small scenarios like cross-border remittances. Additionally, the sub-second transaction confirmation achieved by the PlasmaBFT consensus further enhances the payment experience. The upcoming private testing of the Plasma One digital bank aims to bridge offline payment scenarios through stablecoin bank cards and cashback functions, connecting crypto assets with daily payments. In my view, the long-term value of XPL is always tied to the transaction scale and infrastructure completeness of this "payment highway," rather than short-term market sentiment. #plasma $XPL @Plasma
Today, I will talk to everyone about the value logic of XPL from the perspective of payment practicality!

When discussing the value of XPL, I prefer to focus on its core positioning as a "global digital dollar payment infrastructure." The project does not pursue a large and comprehensive ecosystem but instead focuses on the core utility of stablecoin payments, which makes its advantages particularly prominent.

As of January 2026, the TVL of stablecoins on the Plasma chain has firmly ranked second globally, with a scale between 4.5 to 5.5 billion USD, among which USDT holds an absolute dominance. Behind this data is the real application of zero-fee USDT transfers, supported by the Paymaster sponsorship mechanism.

Users do not need to hold XPL to complete payments, significantly lowering the usage threshold and making it highly attractive in high-frequency small scenarios like cross-border remittances. Additionally, the sub-second transaction confirmation achieved by the PlasmaBFT consensus further enhances the payment experience.

The upcoming private testing of the Plasma One digital bank aims to bridge offline payment scenarios through stablecoin bank cards and cashback functions, connecting crypto assets with daily payments.

In my view, the long-term value of XPL is always tied to the transaction scale and infrastructure completeness of this "payment highway," rather than short-term market sentiment.
#plasma $XPL @Plasma
I have deeply analyzed the WAL's smart contract virtual machine and its compatibility trade-offs The virtual machine of the WAL chain promotes itself as 'highly compatible with EVM'. To test this, I attempted to directly deploy a Solidity contract that I previously wrote for Ethereum, which contains some complex logic, onto the WAL testnet. The deployment was successful, and the basic functionalities ran normally. This is indeed the biggest advantage, meaning that the vast developer resources and mature toolchain available on Ethereum can be migrated almost seamlessly. However, I still found some subtle 'incompatibilities'. These mainly occur in precompiled contracts and some specific opcodes. To integrate its privacy features, WAL has modified or replaced some of the underlying cryptographic primitives of EVM. For example, the standard ecrecover may have been replaced with their own privacy signature verification function. This means that some complex contracts that heavily rely on these specific functionalities (such as certain advanced multi-sign wallets or zk-SNARK verifiers) need to be modified to run. The team's choice is very clear: to sacrifice a bit of 'absolute compatibility' for the core privacy features. This is not an issue for most ordinary DeFi contracts, but for seasoned developers who want to deploy the same bytecode across multiple chains, it may add an extra assessment step. This is actually an implicit trade-off in the technical approach: is it better to pursue extreme compatibility to reduce migration costs, or to reserve the freedom to modify the underlying for unique features? WAL has clearly chosen the latter. #walrus $WAL @WalrusProtocol
I have deeply analyzed the WAL's smart contract virtual machine and its compatibility trade-offs

The virtual machine of the WAL chain promotes itself as 'highly compatible with EVM'. To test this, I attempted to directly deploy a Solidity contract that I previously wrote for Ethereum, which contains some complex logic, onto the WAL testnet.

The deployment was successful, and the basic functionalities ran normally. This is indeed the biggest advantage, meaning that the vast developer resources and mature toolchain available on Ethereum can be migrated almost seamlessly.

However, I still found some subtle 'incompatibilities'. These mainly occur in precompiled contracts and some specific opcodes. To integrate its privacy features, WAL has modified or replaced some of the underlying cryptographic primitives of EVM. For example, the standard ecrecover may have been replaced with their own privacy signature verification function. This means that some complex contracts that heavily rely on these specific functionalities (such as certain advanced multi-sign wallets or zk-SNARK verifiers) need to be modified to run.

The team's choice is very clear: to sacrifice a bit of 'absolute compatibility' for the core privacy features. This is not an issue for most ordinary DeFi contracts, but for seasoned developers who want to deploy the same bytecode across multiple chains, it may add an extra assessment step. This is actually an implicit trade-off in the technical approach: is it better to pursue extreme compatibility to reduce migration costs, or to reserve the freedom to modify the underlying for unique features? WAL has clearly chosen the latter.
#walrus $WAL @WalrusProtocol
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Bullish
I analyzed the value capture logic of the Dusk token (DUSK) at its current stage. When looking at a project's tokenomics, I tend to ask: What is the primary use of the token right now, at this moment? For DUSK, the answer is currently very clear and singular: it is the fuel (Gas) of the network. As the mainnet focuses on providing privacy and compliance services for enterprise-level applications, its Gas fee model is also distinctive. It is not a simple auction but is related to the complexity of the transaction, especially whether zero-knowledge proof computation is enabled. This means that executing a complex privacy-compliant transaction will consume significantly more DUSK than a simple transfer. Therefore, the direct value driver of DUSK at this stage comes from the number and complexity of "privacy-compliant transactions" on its network. This is a very focused logic. However, currently, the daily transaction volume on the network is still sluggish, with most activities being testing and ecosystem building. Gas fee demand has yet to reach scale. Staking and node rewards are another aspect. But as mentioned earlier, the design of the "hidden PoS" mechanism suppresses the mindset of purely pursuing staking rewards for easy gains, and encourages participants to be responsible for network security and service quality. Thus, the value of DUSK cannot simply be measured by staking annualized returns. My conclusion is that DUSK is currently an option that is deeply reliant on its "technical platform adoption prospects." Its value capture mechanism is well-designed and targets high-value financial transactions. But whether the channels are well-established can attract a torrent of compliant financial flows is the only key to determining its success or failure. Before the influx arrives, the token reflects more of a discounted expectation for this future demand, and the volatility will naturally be quite large. #dusk $DUSK @Dusk_Foundation
I analyzed the value capture logic of the Dusk token (DUSK) at its current stage.

When looking at a project's tokenomics, I tend to ask: What is the primary use of the token right now, at this moment? For DUSK, the answer is currently very clear and singular: it is the fuel (Gas) of the network.

As the mainnet focuses on providing privacy and compliance services for enterprise-level applications, its Gas fee model is also distinctive. It is not a simple auction but is related to the complexity of the transaction, especially whether zero-knowledge proof computation is enabled. This means that executing a complex privacy-compliant transaction will consume significantly more DUSK than a simple transfer.

Therefore, the direct value driver of DUSK at this stage comes from the number and complexity of "privacy-compliant transactions" on its network. This is a very focused logic. However, currently, the daily transaction volume on the network is still sluggish, with most activities being testing and ecosystem building. Gas fee demand has yet to reach scale.

Staking and node rewards are another aspect. But as mentioned earlier, the design of the "hidden PoS" mechanism suppresses the mindset of purely pursuing staking rewards for easy gains, and encourages participants to be responsible for network security and service quality. Thus, the value of DUSK cannot simply be measured by staking annualized returns.

My conclusion is that DUSK is currently an option that is deeply reliant on its "technical platform adoption prospects." Its value capture mechanism is well-designed and targets high-value financial transactions.

But whether the channels are well-established can attract a torrent of compliant financial flows is the only key to determining its success or failure.

Before the influx arrives, the token reflects more of a discounted expectation for this future demand, and the volatility will naturally be quite large.
#dusk $DUSK @Dusk_Foundation
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Bullish
The Governance Value of VANRY: It's More Than Just 'Voting Rights' Regarding the governance function of VANRY, I feel it has been discussed a lot, but the challenge lies in how to implement it effectively. According to its roadmap, VANRY stakers will be able to vote on core matters such as protocol upgrades and the use of treasury funds in the future. This sounds quite standard, but what I want to emphasize is that effective governance requires very low technical and participation thresholds. For example, will Vanar provide an easy-to-understand voting interface and translate complex proposals (such as adjustments to technical parameters) into clear options? Or will ordinary token holders give up voting due to high understanding costs, resulting in power being concentrated in the hands of a few? Moreover, can governance truly address critical issues, such as the specific decisions on projects funded by the ecological fund, or will it remain limited to some minor parameters? I believe the true release of VANRY's governance value depends on these pragmatic mechanism designs. Only when enough token holders feel that their votes are meaningful and easy to exercise will governance not be just a hollow phrase. $VANRY #vanar @Vanar {future}(VANRYUSDT)
The Governance Value of VANRY: It's More Than Just 'Voting Rights'

Regarding the governance function of VANRY, I feel it has been discussed a lot, but the challenge lies in how to implement it effectively.

According to its roadmap, VANRY stakers will be able to vote on core matters such as protocol upgrades and the use of treasury funds in the future.
This sounds quite standard, but what I want to emphasize is that effective governance requires very low technical and participation thresholds.

For example, will Vanar provide an easy-to-understand voting interface and translate complex proposals (such as adjustments to technical parameters) into clear options?
Or will ordinary token holders give up voting due to high understanding costs, resulting in power being concentrated in the hands of a few?
Moreover, can governance truly address critical issues, such as the specific decisions on projects funded by the ecological fund, or will it remain limited to some minor parameters?

I believe the true release of VANRY's governance value depends on these pragmatic mechanism designs.
Only when enough token holders feel that their votes are meaningful and easy to exercise will governance not be just a hollow phrase.

$VANRY
#vanar
@Vanarchain
🎙️ 畅聊Wbe3,共建币安广场!💗
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Bullish
Don't just think about borrowing! I've discovered another reason to hold LISTA tokens. When everyone talks about ListaDAO, they always mention how to use it for low-interest borrowing to arbitrage. But recently, I looked at its ecological planning and feel that its platform token LISTA may be underestimated. Besides the common governance function, LISTA has a core use for paying the borrowing interest of the stablecoin lisUSD. This means that the more lisUSD is minted, the greater the potential demand for LISTA will be. This is not just my wild guess; if you look at its recent proposals and roadmap, the focus is clearly on expanding the application scenarios of lisUSD, such as integrating with more DEXs and lending protocols. This reminds me that holding some platform tokens with actual consumption scenarios early on often pays off in the long run. My mindset has changed a bit: I no longer see ListaDAO just as a one-time arbitrage tool but rather as an ecosystem worth observing and participating in for the long term. I will use its lending function and also consider holding a small portion of LISTA tokens as a “ticket” for the development of this ecosystem. Of course, this is definitely not investment advice, just a personal strategy adjustment. #usd1理财最佳策略listadao $LISTA @lista_dao
Don't just think about borrowing! I've discovered another reason to hold LISTA tokens.

When everyone talks about ListaDAO, they always mention how to use it for low-interest borrowing to arbitrage. But recently, I looked at its ecological planning and feel that its platform token LISTA may be underestimated.

Besides the common governance function, LISTA has a core use for paying the borrowing interest of the stablecoin lisUSD. This means that the more lisUSD is minted, the greater the potential demand for LISTA will be. This is not just my wild guess; if you look at its recent proposals and roadmap, the focus is clearly on expanding the application scenarios of lisUSD, such as integrating with more DEXs and lending protocols.

This reminds me that holding some platform tokens with actual consumption scenarios early on often pays off in the long run. My mindset has changed a bit: I no longer see ListaDAO just as a one-time arbitrage tool but rather as an ecosystem worth observing and participating in for the long term.

I will use its lending function and also consider holding a small portion of LISTA tokens as a “ticket” for the development of this ecosystem. Of course, this is definitely not investment advice, just a personal strategy adjustment.
#usd1理财最佳策略listadao $LISTA @lista_dao
Data does not lie: I looked into the recent interest rate changes of ListaDAO I am a data person, so I pay special attention to the real-time interest rates of on-chain protocols. Recently, I have been monitoring several major lending pools of Lista Lending and found some interesting fluctuations. Take the pool that allows borrowing USD1 against collateral of BNB, for example. Last week, during market fluctuations, the borrowing rate suddenly jumped from the usual around 2% to 5.2%. This clearly indicates that many people simultaneously needed to borrow USD1 to cover their positions or buy the dip, leading to the liquidity pool being quickly drained, and the rate was subsequently pushed up by the market. However, interestingly, once the market sentiment stabilized, the rate gradually fell back below 2%. This observation made me realize two things: First, its interest rate is a real signal of market supply and demand. A sudden spike in rates often indicates that some concentrated demand or pressure has emerged on-chain, which itself is an indicator worth paying attention to. Second, for users looking to arbitrage with it, timing is crucial. You cannot just look at the advertised "average low rate"; you must confirm in real-time the borrowing cost and target return to see if there is still enough room at the moment you actually operate. My current habit is to refresh the page before making a move to check the current specific values, rather than relying on memory. After all, the market changes every minute. #usd1理财最佳策略listadao $LISTA @lista_dao
Data does not lie: I looked into the recent interest rate changes of ListaDAO

I am a data person, so I pay special attention to the real-time interest rates of on-chain protocols. Recently, I have been monitoring several major lending pools of Lista Lending and found some interesting fluctuations.

Take the pool that allows borrowing USD1 against collateral of BNB, for example. Last week, during market fluctuations, the borrowing rate suddenly jumped from the usual around 2% to 5.2%. This clearly indicates that many people simultaneously needed to borrow USD1 to cover their positions or buy the dip, leading to the liquidity pool being quickly drained, and the rate was subsequently pushed up by the market. However, interestingly, once the market sentiment stabilized, the rate gradually fell back below 2%.

This observation made me realize two things:
First, its interest rate is a real signal of market supply and demand. A sudden spike in rates often indicates that some concentrated demand or pressure has emerged on-chain, which itself is an indicator worth paying attention to.
Second, for users looking to arbitrage with it, timing is crucial. You cannot just look at the advertised "average low rate"; you must confirm in real-time the borrowing cost and target return to see if there is still enough room at the moment you actually operate. My current habit is to refresh the page before making a move to check the current specific values, rather than relying on memory. After all, the market changes every minute.
#usd1理财最佳策略listadao $LISTA @lista_dao
My confusion: How to choose the yield-generating assets in the Lista ecosystem? After using ListaDAO for a while, I actually have a bit of 'choice paralysis.' It seems that there are more and more yield-generating assets in its ecosystem, such as slisBNB (liquid staking token), and various yield-bearing stablecoins like asUSDF or PT-USDe. In theory, these can all be used as collateral to borrow money, achieving the so-called 'one fish, multiple eats.' But specifically how to choose, I did a detailed comparison: · If you pursue mainstream and stability: directly using blue-chip collateral like BTCB or ETH is probably the most worry-free. These assets have high recognition and the best liquidity. · If you want to layer on more native yield: then using slisBNB may be more cost-effective. If you collateralize it to borrow USD1, you can not only earn the interest spread, but slisBNB itself also continuously generates staking rewards in BNB. This is equivalent to having a principal that benefits from both staking and borrowing yields. · As for those yield-bearing stablecoins, for example, if you hold PT-USDe, it is already generating yield, and if you use it as collateral to borrow USD1 to earn financial management returns, it sounds great. But there is an invisible risk here: these derivative assets are more complex and may face greater decoupling or liquidity risks in extreme market conditions. So my conclusion is that there is no absolute best, only what is most suitable for your own risk preference. Personally, I mainly use BTCB and BNB, which are more common, and for the more complex yield-generating assets, I am still in the learning and observation phase, not daring to take large positions. #usd1理财最佳策略listadao $LISTA @lista_dao
My confusion: How to choose the yield-generating assets in the Lista ecosystem?

After using ListaDAO for a while, I actually have a bit of 'choice paralysis.' It seems that there are more and more yield-generating assets in its ecosystem, such as slisBNB (liquid staking token), and various yield-bearing stablecoins like asUSDF or PT-USDe.

In theory, these can all be used as collateral to borrow money, achieving the so-called 'one fish, multiple eats.' But specifically how to choose, I did a detailed comparison:

· If you pursue mainstream and stability: directly using blue-chip collateral like BTCB or ETH is probably the most worry-free. These assets have high recognition and the best liquidity.
· If you want to layer on more native yield: then using slisBNB may be more cost-effective. If you collateralize it to borrow USD1, you can not only earn the interest spread, but slisBNB itself also continuously generates staking rewards in BNB. This is equivalent to having a principal that benefits from both staking and borrowing yields.
· As for those yield-bearing stablecoins, for example, if you hold PT-USDe, it is already generating yield, and if you use it as collateral to borrow USD1 to earn financial management returns, it sounds great. But there is an invisible risk here: these derivative assets are more complex and may face greater decoupling or liquidity risks in extreme market conditions.

So my conclusion is that there is no absolute best, only what is most suitable for your own risk preference. Personally, I mainly use BTCB and BNB, which are more common, and for the more complex yield-generating assets, I am still in the learning and observation phase, not daring to take large positions.
#usd1理财最佳策略listadao $LISTA @lista_dao
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