以太坊是整个区块链里面创造价值最多的地方，交易所是排名第二的，但是交易所领域竞争激烈，代币持有人很难分到大量价值，大量或者全部价值都给了流动性提供者，并且交易所的护城河没有想象中那么强，用户粘性不足。staking是未来创造价值的主要领域之一，其中lsd细分领域是最值得期待的，dvt只是一种安全保障方式，是staking的可选项，而不是必选项，其资本效率是低下的。LSD才是staking的主流模式。
The U.S. draft of stablecoin regulatory legislation has been drafted. Although it is a draft, many of its contents are worthy of attention and analysis.
According to the information from @ryanberckmans, we can know that decentralized stablecoins are defined as illegal in the United States. Stablecoins are essentially competing with the U.S. dollar, and maintaining U.S. dollar hegemony is the top priority of U.S. national security. Decentralized stability There is a high probability that the currency will not be adopted on a large scale in the future, and the centralized stable currency will become a behemoth.
For the vast majority of users, they don't really care whether the stablecoin is decentralized, but what they care about is whether the peg can sustain the currency value of null, which is the most important thing. And past market volatility proves that the stablecoin market needs regulation, especially the centralized stablecoin market.
The article also mentions that eth as a payment method is considered legal and decentralized by supervision, which is a direct affirmation of eth. If the status of eth as a payment currency can be affirmed in this way, then the large-scale adoption of eth in the future is of great significance.
I judge that eth will become the dollar in the crypto world. Although it is not a stable currency, its usage scenarios will be more than stable coins. In the crypto world, various commodities will be priced in eth, and next to It's fine to show its dollar value. eth is the native currency of Ethereum, which has the most decentralized and strongest security mechanism. All the so-called universally adopted payment currencies have their orthodoxy.
If the U.S. Stablecoin Regulation Act confirms the legal status of eth through legislation, it will undoubtedly boost eth to enhance its status as a payment currency.
美国稳定币监管立法草案已经起草，虽然是一个草案，但是其中的很多内容值得关注和分析。
对于绝大多数用户而言，并不真正在意稳定币是否去中心化，其在意的是能否持续peg住1美金的币值，这才是最关键的。而过去的市场波动证明，稳定币市场需要监管，尤其是中心化稳定币市场。
文中还提到eth作为一种支付方式被监管认为是合法且去中心化的，这是对eth的直接肯定，如果eth的支付货币地位可以通过这种方式被肯定，那么对eth未来大规模采用具有非常重要的意义。
eth我判断将会成为crypto世界的美元，虽然它不是某种稳定币，但是其使用场景将会比稳定币更多，在crypto世界，各种各样的商品将会以eth来定价，然后旁边可以显示其美元价值就可以了。eth是以太坊原生货币，拥有最去中心化和最强的安全机制，所有所谓普遍采用的支付货币，有其正统性。
如果美国稳定币监管法案通过立法的形式确认eth的合法地位，毫无疑问将会助推eth增强其支付货币的地位。
Buying and staking $SWISE is not intended to be a mandatory action for node operators, but an optional action for token holders to stake based on the APR provided by various vaults. Meaning, if its APR is not attractive enough, there is not enough incentive to buy $SWISE and stake it. For APR to be attractive enough, the overall TVL of stakewise v3 needs to continue to grow.
买入并质押$SWISE并不是要成为节点运营商的强制动作，而是代币持有人根据各种保险库提供的APR进行质押的可选动作。意味着，如果其APR不够吸引人，则买入$SWISE并质押的动力就不足。而要APR足够吸引人，则需要stakewise v3的整体TVL持续增长。
The value of $SWISE comes from token empowerment and the TVL of stakewise v3. The original intention of stakewise v3 is to reduce the capital threshold of node operators, at the cost of losing a small part of the liquidity of osETH’s minter. This price is not considered high. Another price is that the mechanism is more complicated and may not be user-friendly enough.
$SWISE的价值来源于代币赋能及stakewise v3的TVL，stakewise v3的设计初衷就是要降低节点运营商的资本门槛，以损失一小部分osETH的minter的流动性为代价，这个代价并不算高。另外一个代价就是机制比较复杂，未必足够用户友好。
The value of the lens profile is not only the expectation of the lens airdrop, but also ecological projects will issue tokens in the future. Now that you have a lens profile and interact with these ecological projects, you may get airdrops for the corresponding projects in the future. In short, becoming an active lens user, there should be surprises in the future.
lens profile的价值不光是lens空投预期，而且生态类项目未来也都会发行token，现在拥有一个lens profile，并且和这些生态项目交互，未来都可能获取相应项目的空投。总之，成为一个活跃的lens用户，未来应该会有惊喜。
Under the pressure of strong competition, Opensea also began to change its policy, and reduced the handling fee rate to zero during the promotion period. I think whether it is opensea, blur, or looksrare, these are essentially similar to Taobao, and because there are no infrastructure problems such as logistics in its delivery, the delivery is instant.
Therefore, the threshold for competition is much lower, and the competition faced by the NFT trading market is much fiercer than that of traditional e-commerce, which is not a good business model.