DeFi second half, What imagination does Heco have?

If you do a 2020 round of cryptocurrency, words like DeFi, institution, lever and so on will inevitably be repeated over and over again. The public chain, it seems, is no longer mentioned in 2020.

This is the last age of the public chain. We've been listening to the phrase "Ethereum killer" for four years, starting in 2016, and we've all seen it. Most of the public chain projects that have been on the market in recent years were intended to replace Ethereum as a world-class operating system and to migrate Internet applications to blockchain networks, but they are now gone.

The evolution of the DeFi ecosystem has not put the public chain back on the battlefield, just as people have moved into the age of applications rather than discussing which protocols are used at the bottom of the Internet, the same is true of blockchain. The "fat deal" theory seems to be morphing into "fat apps," with people talking more about apps and agreements less important than they used to be.

Electric Capital's latest statistics show that in 2020, the Ethereum ecosystem is adding an average of 300 developers a month, far more than any other public ecosystem, and the once-promising EOS is losing an average of 88 developers a month, in stark contrast to Ethereum.

Ethereum's first-mover advantage is so clear that no decentralized ecosystem can possibly match the number of developers, users, and applications within the Ethereum ecosystem.

So how should the new ecology catch up with Ethereum?

You can think about, in the new public chain, who has the most ecological flow? Is Solana. Why is that? Quite simply, the operation of KOL Sam Bankman-fried in the coin-ring has been enhanced. Sam's new ideas and new landing are all based on Solana to attract traffic for the ecology. Similarly, if YFI founder Andre Cronje had announced that all his projects were running on a chain called "ABC", then coinage might now have a new ABC ecosystem because of Andre's one-man operation and influence.

The ecological richness of the chain is no longer based on whether the chain has the most cutting-edge technology, but on operations.

From the perspective of ecology, centralized operation support and superimposed flow seem to give rise to a new form of ecosystem. Operation can be carried out by individuals or institutions, such as Huobi ECO Chain (Heco) of Huobi.

With low cost and high concurrency HPoS, 21 nodes, TPS over 500, EVM compatibility and other performance, Heco does not emphasize the technical advantages of other public chains. Under the support of centralized mechanism, Heco has two big imagination space: cross-chain gateway, overall coordination and ecological support.

Across the chain gateway

On Heco chain, the account assets of platform such as ETH and BTC will be supported in the early stage by means of centralized gateway and mapped to Heco. The realization method is to generate corresponding quantity of ERC Token in Heco after locking certain account assets for the exchange.

To put it simply, in Heco ecology, huobi trading platform can be regarded as a gateway where users deposit various chain assets into Huobi and exchange them for equal amounts of similar assets conforming to Heco standards to participate in various applications on Heco.

Now, many public chains are in fact small or even non-existent, and holders of currency may only be able to earn inflation income as nodes, which is trivial compared with the DeFi project's frequent annual return of more than 100%.

Imagine a scenario, for example, on Tezos, where users don't have many ecological applications to choose from, while on Heco, Huobi designs a DeFi project that allows XTZ tokens to participate, with a return rate exceeding that of Tezos nodes. It can be imagined that XTZ holders' tokens will definitely have a new place to go.

The cross-chain gateway looks like an intermediary, but it is actually a drainage for Heco. It Bridges other tokens on the chain to Heco chain through the security hosting service of fire coin, so as to realize the scenario where multiple blockchain DeFi protocols are connected to each other. Many project holders have tokens that are no more useful, and Heco's operation gives them a way to provide users with the standard tools on the Heco chain in the most straightforward way.

The overall plan as a whole

You may recall that Andre Cronje acquired several DeFi projects within a month, which triggered a lot of industry discussions. Andre, who was originally only an aggregator, had his own DeFi territory in a short time, and various projects could interact and form combinations.

Andre's acquisition is a kind of centralized operation.

Derivatives Hegic, machine gun pool Pickle, lending platform Cream, governance platform Powerpool, insurance product Cover Protocol, Polka DeFi governance project Akropolis, exchange platform Sushiswap, these projects are gone forever.Finance cannot Cover these fields, and through Andre's operation, a complete ecology has been formed.

This is also the advantage of centralized operation support. Huocoin can find a blank for Heco ecology and encourage developers to make missing ecological applications, which not only improves the efficiency, but also improves Heco's overall ecology.

Ecological support

Looking back at the development of DeFi, after an ecological outbreak, it can be described as a deluge. The modes of liquidity mining and SWAP keep emerging, resulting in constant problems in the DeFi field, such as the proliferation of fake projects and the failure of intelligent contract audit. These problems, which stem from "complete decentralization", can be alleviated by means of centralized support.

On December 21, Huobi Defi Labs announced the establishment of a us $200 million ecological fund, which will focus on investing in DEX, debit, prediction machine, cross-chain solutions, stable currency exchange, insurance and other high-quality projects on the Huobi ecological platform. "Huobi Defi Labs has attracted a large number of developers for test development since December 10, and many of them have the potential of star projects," said the director of Huobi Defi Labs.

Financial incentives are only part of the story. In Heco's ecological support, we can enjoy the support of Huobi in terms of technology, flow, resources and promotion. In other words, in the Heco ecosystem, the developer only needs to develop, and Heco is responsible for everything else needed for a cold start.

And that's hard to get in a decentralized network.

If you are still impressed, Blockstack, the first project in the world that is allowed to conduct token financing through SEC in the US, once launched a developer mining activity, selected high-quality DApp every week and awarded the developers. After several years of development, the ecology of Blockstack has already surpassed that of some public chains with high market value. It is just like the subsidy game of Internet App. Such operation strategy can improve the ecology of Blockstack visually.

Similarly, Heco ecology under the support of centralized mechanism has the same potential. In Heco ecology, developers are attracted first, and good applications naturally attract traffic, forming a positive cycle.

On December 25th Heco will launch an "Age of Creation" campaign inviting developers around the world to deploy and run DApp on Heco. Within 20 days of the event, the Heco Eco-Fund will set up a judging committee to select the top 5 DAPPS from the three categories of link data, market reputation and project potential, and the project parties will be rewarded with the rights and interests in Heco ecology.

When people's expectation on the public chain is no longer technology but ecology, the public chain's thinking should be completely changed. Operation is the next direction that the public chain needs to think about, and operation is exactly what the centralized is better at.

As influential Kols like Sam and Ander have become the king of goods in their own ecology, each chain should find its own "Li Jiaqi". The advantages of the trading platform with technology, resources, traffic and other factors in the field of operation are hard to compare with by others. Huobi is Li Jiaqi of Heco Ecology.

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