Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: BattleAxe1 on November 07, 2024, 02:32:40 PM
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I've seen quite a number of crypto projects emerging with the goal of simplifying access to DeFi and improving liquidity staking and Restaking experience. It's becoming interesting too to look closely at those projects to see what's new or whether they're simply rebranding by different Dev. teams.
Like I recently explored SWELL Network and a few others, I've begun to consider the emerging ETH Restaking Services as the future of Ethereum beyond enabling users to earn passive income staking or Restaking ETH.
Will it be out of place to look past the user's rewards system to discuss the future of ETH and blockchain ecosystem at large?
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What exactly are you trying to look at though? Are you suggesting their new features will improve the Ethereum blockchain consensus or something similar? I don't think rebranding is a new thing really, I doubt it will affect the network at large. Most of them are just following the hype of restaking mechanism as usual. Maybe they will improve restaking with new tools but I don't think it will change how layer 1 works. It would be a shame if the future of ETH is all about passive income IMO. That should not be the goal of the network at all, just let the DeFi projects compete on that front while ETH improves their security, scalability, etc.
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In the past, projects required writing a detailed white paper, investing for several weeks or even months, promoting the project, and then profits would come within a period of at least 3 months. But what happens today is completely different, as some resonant words, a meme, and a little promotion will lead to the success of the project in a week, and in less than a month a project is created, achieves success, the price collapses, and everything disappears.
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What exactly are you trying to look at though? Are you suggesting their new features will improve the Ethereum blockchain consensus or something similar? I don't think rebranding is a new thing really, I doubt it will affect the network at large. Most of them are just following the hype of restaking mechanism as usual. Maybe they will improve restaking with new tools but I don't think it will change how layer 1 works. It would be a shame if the future of ETH is all about passive income IMO. That should not be the goal of the network at all, just let the DeFi projects compete on that front while ETH improves their security, scalability, etc.
Trying to look out for new tokens serving as utility for viable ETH Restaking Services since Staking platforms seem to be getting on the Spotlight in the current crypto space. Have you seen any recently worth studying?
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So essentially you're looking for tips on which tokens to buy and restake on ETH? Based on what I've heard so far, isn't Eigenlayer basically the popular choice to restake your ETH? I need to remind you that I'm not using them, but they're quite popular based on my social media feeds. I'd suggest you research them on your own and make sure you know the risks associated with using their service. Anyway, if this is what you're looking for then I don't think this will change how the ETH blockchain massively at all. CMIIW.
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In the past, projects required writing a detailed white paper, investing for several weeks or even months, promoting the project, and then profits would come within a period of at least 3 months. But what happens today is completely different, as some resonant words, a meme, and a little promotion will lead to the success of the project in a week, and in less than a month a project is created, achieves success, the price collapses, and everything disappears.
I remember this whitepaper during the ICO hype in 2017-2018 where every project is making a detailed whitepaper just to attract investors to invest on their project. On the flip side, there are some who are just copying other projects' whitepaper or copying some parts of it and then making some tweaks.
Does any investor here still care about the whitepaper of different projects here? Or does these project developers making a whitepaper for their project still? Not an investor of new project here, but I tried investing in the past, spending around 20-30 minutes of my precious time reading these whitepapers only to end up not investing into it. :D I agree with what you said that nowadays, a single word would be enough for the project to be successful.
During the past months, words like Restaking, AI, Tap-to-earn, Trump, any animal-named meme coin, and others are the ones that are on hype, and while many made money, many also lost as well.
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I agree, it’s not out of place to discuss the broader future of ETH and blockchain. SWELL Network is gaining attention, especially with its listings on platforms like LBank, Bitrue, and Bitget. I've also noticed hosting Launchpool events for Swell by staking BGB and USDT, highlighting growing user engagement.
These innovations in DeFi, staking, and Restaking are shaping the future of Ethereum and the blockchain ecosystem.
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In the past, projects required writing a detailed white paper, investing for several weeks or even months, promoting the project, and then profits would come within a period of at least 3 months. But what happens today is completely different, as some resonant words, a meme, and a little promotion will lead to the success of the project in a week, and in less than a month a project is created, achieves success, the price collapses, and everything disappears.
I remember this whitepaper during the ICO hype in 2017-2018 where every project is making a detailed whitepaper just to attract investors to invest on their project. On the flip side, there are some who are just copying other projects' whitepaper or copying some parts of it and then making some tweaks.
At least the quality of those white papers used to determine whether the project was real or a scam, the #DevelopmentTeam , copy and paste or even using fake images but the market at the moment is not subject to any rules and although the projects are 80% scam for most projects but many are still willing to invest in them.