Evening must read | Is DeFi dead?

1. In-depth study of the RWA protocol mechanism and ecosystem

In this article, we will delve into key issues regarding real world asset (RWA) token risk management. We will analyze how different protocols deal with such associated risks and discuss any issues that may have been encountered so far. After that, we will explore how DeFi protocols can penetrate the RWA collateral lending market. Finally, we will evaluate a range of perspectives surrounding RWA in the Web3 space, while also considering what unique benefits and constraints these assets may bring to the Web3 industry. click to read

2. What is so special about CyberConnect, the star project of the revival of the social track?

With Musk renaming Twitter to X, more expectations were placed on the development of the financial attributes of the social platform. At the same time, old and new forces have begun to test the waters of the social circuit again. As soon as August entered, the media revealed that Tencent is internally testing the "M8" APP, focusing on socializing among young people, and the British Broadcasting Corporation (BBC) has also begun to open an account on the decentralized social platform Mastodon and will conduct a half-year test. click to read

3. The future of worldcoin

What worldcoin is doing is a big deal, even though worldcoin has always emphasized that the iris photos it collects will not be kept on its own initiative, but only use zero-knowledge proof to resolve it into a hash and store it in the database. But such a statement is difficult to be recognized by most governments and countries in the world. It’s a very simple reason, I let you collect the irises of the citizens, it’s not good for me, and once you have a back door, or this machine injects viruses or tampers with people in the real world, it’s a leak of privacy for the government of this country trouble. The future of worldcoin is actually extremely uncertain, whether it is the project itself or the currency price. Now everyone who is willing to upload their irises will get a $60 reward, not from the official promotion fee, but from the wld buyers in the market. click to read

4. Who is supporting Bitcoin ecosystem developers?

When we talk about the development of Bitcoin, the first thing that comes to mind is Satoshi Nakamoto. He released the Bitcoin white paper in 2018: "Bitcoin: A Peer-to-Peer Electronic Cash System", and the Bitcoin protocol came out. As with most software implementations, regular maintenance and upgrades to the Bitcoin protocol are critical. Since Bitcoin is not controlled by a single entity, development and maintenance must be achieved by consensus among network participants. Essentially, no single individual or company manages the development of the Bitcoin project, but rather individuals or teams around the globe. click to read

5. Curve triggers a crisis: Is DeFi dead?

The behavior of Curve founder Michael Egorov is a warning to everyone, and it also proves that DeFi (decentralized finance) is not much different from traditional finance. DeFi didn’t really “die” yesterday. No protocol actually crashes or tokens go to zero - although that's a distinct possibility. Interconnected economies of lending platforms, exchanges, trading vehicles without intermediaries are still technically functioning. click to read

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