Mapongo

Introduction

Learn how to enhance your crypto research using ChatGPT 4, the premium version. It has the advantage of browsing the internet, what the free version doesn't have.

In this article we will discover how to utilize ChatGPT to review crypto protocols, analyze tokenomics, assess valuations, and make better investment decisions.

These involves the following steps:

Summarizing New Projects

Leverage ChatGPT's powerful summarization feature to extract key insights from complex texts like whitepapers and blog posts. Simplify information and gain a clear understanding of new projects.

Performing Fundamental Analysis

Streamline the process of analyzing a project's fundamentals by utilizing ChatGPT. Prompt specific questions to obtain insights from a seasoned fundamental analyst and arrive at conclusions faster.

Evaluating Tokenomics and Governance Model

Understand a project's tokenomics and governance model to assess its long-term potential. ChatGPT can provide valuable insights into token supply, emission schedule, utility, demand, distribution, and governance.

To perform the above listed procedures, we will take the following step-by-step approach on ChatGPT. And for this guide, I will be using $SUI. I also provided prompt:

Step 0: Getting Started with ChatGPT

Set the stage for maximum results by preparing relevant resources and data. Copy and paste whitepapers or provide links for ChatGPT to browse and generate advanced insights.

Step 1: Reviewing Crypto Protocols with ChatGPT

Gain a solid grasp of a project's fundamentals and protocols by asking specific questions tailored to your research goals. Understand the problem and solution, technology and protocols, and team background and experience.

PROMPT:

"What are the main problems that $SUI aims to solve, and how does it propose to address them?"

"Explain the technology and protocols behind $SUI, including its consensus mechanism, and provide examples of how they contribute to the network's security."

"Provide an overview of the team behind $SUI, highlighting their skills and accomplishments in the cryptocurrency space."

Step 2: Analyzing Tokenomics with ChatGPT

Utilize ChatGPT to analyze a project's tokenomics. Gain insights into token supply, emission schedule, utility, demand, and distribution.

PROMPT:

"What is the total supply, circulating supply, and emission schedule of $SUI?"

"How does the $SUI token function within its ecosystem? What are its main use cases, and what factors drive its demand?"

Step 3: Assessing Community Engagement and Development Activity with ChatGPT

Analyze a project's media presence, social media engagement, development activity, and partnerships. Understand the impact of community engagement and market sentiment.

PROMPT:

"Summarize the social media presence of $SUI, including its size and engagement on platforms like Twitter, Reddit, and Telegram."

"Provide an analysis of the development activity of $SUI, including the frequency of commits and the overall size of its codebase on GitHub."

"List any notable media coverage and partnerships involving $SUI and their impact on the project's market sentiment and credibility."

Step 4: Analyzing Governance Model with ChatGPT

Evaluate a project's governance system and understand its decision-making processes and token holder participation. Gain insights into the role of on-chain and off-chain governance.

PROMPT:

"Explain the role of on-chain and off-chain governance in $SUI and how they influence its decision-making processes and token holder participation."

Step 5: Valuing a Crypto Protocol with ChatGPT

Valuing a crypto protocol involves analyzing various financial metrics such as Total Value Locked (TVL), market capitalization, fees/revenue generated, and more. ChatGPT can assist in analyzing these metrics and help you understand a project's performance and potential investment value. However, it's important to note that valuation is a complex task, and multiple factors should be considered in conjunction with AI-generated insights.

PROMPT:

"Based on the provided financial metrics for Ethereum (ETH), such as Total Value Locked (TVL), market capitalization, and fees/revenue generated, analyze whether it is a good investment."

Conclusion

Leveraging ChatGPT and other AI tools can streamline your crypto research process. By utilizing ChatGPT's summarization, fundamental analysis, tokenomics evaluation, governance analysis, and valuation capabilities, you can save time and gain valuable insights.

However, it's important to exercise critical thinking, validate findings with multiple sources, and seek expert advice when needed. ChatGPT should not be the sole basis for making financial decisions, but it can be a valuable resource in your research toolbox.

Introduction

LayerZero, a groundbreaking project in the blockchain space, recently concluded a successful funding round, raising an impressive $120 million at a valuation of $3 billion. This achievement has triggered speculations about an upcoming airdrop. In this article, we will delve into LayerZero's technology and ecosystem, and guide you on how to enhance your chances of qualifying for this exciting opportunity. But first, let's understand what LayerZero is all about.

Understanding LayerZero: Solving Blockchain Interoperability Issues

At its core, LayerZero focuses on addressing interoperability challenges in blockchain technology. While blockchains offer immense utility, they often face hurdles when it comes to communication between different chains. While dApps on a single blockchain can interact smoothly, connecting disparate chains can be complex. Consequently, blockchain ecosystems remain isolated unless a successful bridge is constructed. Unfortunately, bridges have not always been a foolproof solution.

LayerZero takes a distinct approach by aiming to establish the fundamental communication infrastructure for the entire blockchain ecosystem. The project has garnered substantial support, amassing a total of $293 million through eight funding rounds. Notable backers include industry heavyweights like Sequoia, a16z, Coinbase Ventures, and Binance Labs. Without delving into intricate technical details, LayerZero employs an Ultra Light Node, Relayers, and Oracles to facilitate seamless information transfer across chains. Smart contracts called endpoints connect the supported chains, and these endpoints can also be deployed on other chains to expand LayerZero's network.

How LayerZero Works

To illustrate how LayerZero's components collaborate, let's consider a simple transaction scenario. Suppose you wish to send information from chain A to chain B, such as executing a cross-chain token swap or an NFT transaction. When you initiate the transaction, the details are relayed to the LayerZero endpoint on chain A. This endpoint then communicates the transaction details to the Oracle and Relayer, informing chain B of your intent to transact. The Oracle provides a summary of the latest transactions on chain A to chain B, while the Relayer submits proof to chain B, validating that your transaction indeed occurred on chain A. Once this proof is confirmed and agreed upon by the Oracle and Relayer, a message is sent to chain B, granting approval for the completion of your transaction. This process ensures transaction security, as long as the Oracle and Relayer remain independent and do not engage in malicious collusion.

Rumor of LayerZero's Airdrop

LayerZero's technology has already been embraced by multiple projects, leading to a substantial total value locked (TVL) of over $7 billion across more than 40 EVM and non-EVM chains. Prominent chains in the LayerZero ecosystem include Ethereum, Arbitrum, BNB Chain, Polygon, and Aptos. The recent announcement of the $120 million funding round has intensified expectations regarding an imminent airdrop. As a result, the number of users actively engaging with dApps on LayerZero has significantly surged.

Steps to Qualifying for the Airdrop

To position yourself for a potential LayerZero airdrop, it's essential to explore various dApps and protocols within the LayerZero ecosystem. Here, we outline steps you can take to maximize your chances:

Step 1: Stargate Finance - Leading the Way

Stargate Finance, the first application built on LayerZero, holds significant importance in the airdrop pursuit. It enables direct token transfers between non-native chains, eliminating the need for wrapped tokens.

Visit Stargate's official website to interact with the protocol and bridge funds across any or all of their supported networks. Consider conducting multiple transactions and contemplate purchasing STG, the native token of Stargate, to participate in voting on open proposals.

Step 2: Explore Other LayerZero-Powered Bridges

Besides Stargate, LayerZero powers several other bridges that open doors to diverse opportunities. For instance, the Aptos bridge facilitates asset transfers into Aptos, while Liquidswap provides a bridge for transferring assets from Aptos to other networks like Ethereum, Optimism, and Arbitrum. Additionally, Liquidswap functions as a decentralized exchange (DEX) where you can engage in buying, selling, and providing liquidity.

Continue this exploration by utilizing other LayerZero-powered bridges, such as the USDC bridge and the Bitcoin bridge.

Step 3: Discover Top LayerZero-Powered dApps

Familiarize yourself with the leading dApps powered by LayerZero, as they offer potential avenues for engagement and potential airdrop eligibility. Consider the following examples:

- Radiant Capital: This cross-chain borrowing and lending protocol operates on Arbitrum and BNB Smart Chain. Explore their official website to discover available assets for borrowing or lending.

- Sushiswap: A renowned cross-chain DEX, Sushiswap integrates LayerZero technology. By activating the 'cross-chain' option, you can effortlessly swap tokens on the platform.

- Trader Joe: Positioned as a comprehensive decentralized trading platform, Trader Joe enables asset swapping, lending, borrowing, and staking. Trader Joe's partnership with LayerZero allows direct token transfers across different supported chains.

Additionally, keep an eye on emerging protocols that have integrated with LayerZero, such as Pendle with its cross-chain veTokenomics and Rage Trade with its Stargate-powered vaults. Interacting with these protocols, including tokenless ones like Rage Trade, might present early users with a potential airdrop opportunity.

Step 4: TofuNFT - Multichain NFT Marketplace

TofuNFT, a multichain NFT market powered by LayerZero, offers a platform for buying, selling, and listing NFTs across multiple chains. Explore their marketplace to engage with the vibrant NFT ecosystem.

Step 5: Join the LayerZero Community

To immerse yourself fully in the LayerZero community, consider joining their Discord server. Actively participating and connecting with other members will provide valuable insights and networking opportunities.

Conclusion

As you embark on your LayerZero airdrop journey, it is crucial to conduct your own research (#dyor ) and remain cognizant of associated risks. While LayerZero's recent funding round and growing ecosystem have sparked speculation, it's important to note that an airdrop is never guaranteed. Nevertheless, by exploring the projects, protocols, and dApps within the LayerZero ecosystem, you can position yourself strategically and uncover exciting opportunities in the world of blockchain interoperability.

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Traders and investors try to predict the price of bitcoin using the usual technical and fundamental analysis, but the use of the first cryptocurrency blockchain, has led to the emergence of a new direction.Onchain analysis is a set of metrics for predicting the price of cryptocurrencies based on blockchain data.It sounds obscure, but if major wallets start selling an asset, hence the bull market is about to end. Or in case of mass sending of stablecoins to crypto exchanges, it is logical to expect cryptocurrency purchases and price increase.There are so many metrics of onchain analysis and if you want to break them down in detail, let's collect 750 👍For example, in the picture you see The Puell Multiple, which shows the ratio of the value of BTC mined per day in dollars to the 365-day moving average. This indicator gives great signals when to buy and sell bitcoin, today it is in the neutral zone.

Decentralized finance (DeFi) has revolutionized the financial landscape by enabling individuals to access new opportunities for earning passive income and engaging in decentralized finance.

One of the key features of DeFi is yield, which refers to the returns generated by participants in various DeFi protocols through activities such as lending, borrowing, staking, and yield farming.

In this article, we will explore:

The concept and benefits of DeFi yield

The mechanics and challenges of yield farming

The emergence and advantages of real yield

The leading protocols that offer real yield to users

Let's dive in!

What is DeFi yield?

DeFi yield is the term used to describe the returns earned by participants in DeFi protocols through various activities such as lending, borrowing, staking, and yield farming. These activities involve locking up assets in smart contracts in exchange for rewards in the form of tokens.

One of the main advantages of DeFi yield is that it democratizes access to financial services, allowing anyone to earn returns on their assets regardless of their location, identity, or status. It also empowers individuals to take control of their financial future, independent of traditional financial institutions that often charge high fees, impose restrictions, and lack transparency.

How does yield farming work?

Yield farming is one of the most popular activities in the DeFi space where users provide liquidity to decentralized exchanges (DEXs) or lending protocols and receive rewards in the form of tokens. By depositing their assets into liquidity pools, users contribute to the overall liquidity of the protocol and, in return, earn a share of the fees or additional tokens provided as incentives.

In addition to trading fees, some protocols offer incentives in the form of governance tokens. These tokens represent ownership in the protocol and allow holders to vote on decisions related to the protocol's development and direction. Governance tokens can also have value in themselves, depending on the demand and supply dynamics of the market.

Why does DeFi offer high yields?

DeFi platforms often offer higher yields compared to traditional financial systems due to various factors. One key reason is the elimination of intermediaries, allowing for lower operational costs and more efficient allocation of funds.

Additionally, DeFi protocols leverage the power of smart contracts, which automate processes, reduce human error, and enhance transparency, resulting in better returns for participants.

Another factor is the use of governance tokens as incentives. These tokens can appreciate significantly in value due to their scarcity and utility, creating a positive feedback loop that attracts more users and liquidity to the protocol.

However, high yields also come with high risks. Some of the common risks associated with DeFi yield farming include:

Smart contract bugs or exploits that can result in loss of funds

Impermanent loss that occurs when providing liquidity to volatile assets

Market volatility that can affect the price and demand of tokens

Regulatory uncertainty that can affect the legality and compliance of protocols

Therefore, it is important for users to conduct thorough research and due diligence before participating in any DeFi protocol.

What is real yield and why is it important?

Initially, DeFi protocols relied on unsustainable token emissions to fuel high returns, resulting in inflation and the creation of "useless governance tokens" with limited utility. However, this strategy proved unsustainable in the long run. Token demand often failed to keep up with emissions due to high inflation schedules and lack of utility, resulting in plummeting token prices.

Furthermore, many DeFi yield farmers lacked commitment to projects, constantly seeking the highest yield by switching between protocols. Additionally, farmers frequently sold their governance tokens immediately after earning them, focusing solely on securing short-term profits.

To address these challenges, the concept of real DeFi yield emerged. This approach emphasizes sustainable strategies that offer tangible and lasting returns. Rather than receiving newly minted tokens with uncertain value, users are rewarded with established cryptocurrencies like ETH.

This reduces concerns about token value and mitigates common risks associated with traditional DeFi yield farming. It also aligns the incentives of users and protocols better, encouraging long-term participation and loyalty.

Which DeFi protocols offer real yield?

There are several DeFi protocols that offer real yield to users who participate in their platforms. They include:

1. GMX: A decentralized perpetual trading platform that pays 100% of its trading fees to liquidity providers (LPs) in ETH.

2. Synthetix: A decentralized synthetic asset platform that pays staking rewards to SNX holders in ETH based on their contribution to the protocol's debt pool.

3. Dopex: A decentralized options protocol that pays rebates to option writers in ETH based on their risk exposure.

Conclusion

DeFi yield provides an opportunity for individuals to earn passive income and participate in the decentralized financial ecosystem. However, not all yields are created equal. Real yield offers a more sustainable and practical approach to yield farming, rewarding users with established cryptocurrencies like ETH.

It is important for users to conduct thorough research and understand the risks associated with each protocol before participating in DeFi yield farming.