In addition, Euler does not intend to use an external oracle, ethereum price usd expectationsbut uses the time-weighted average price (TWAP) of assets on Uni V3 and WETH to measure the ratio of assets to liabilities.
Although compared with L1, the fast transaction confirmation of L2s and the reduction of gas fees significantly improve the user experience, but L2s still faces a series of unique challenges: Among them, it is worth noting that the withdrawal of funds from Optimistic Rollups to the main network requires a wait7 Days; it is also difficult to migrate liquidity between different L2s.bitcoin kurssi reaaliajassaTwo projects, Hop Protocol and Connext, aim to solve this problem. These two projects allow users to seamlessly transfer assets between different networks compatible with EVM (Ethereum Virtual Machine), and allow users to withdraw funds "fast", allowing users to avoid withdrawal waiting periods.
Although these two projects have not yet issued tokens, these systems are worth experimenting because they may provide retroactive airdrops for early users!The second way for investors to gain L2 exposure is by investing in popular apps. Any blockchain or L2s will only provide the best possible experience for the applications built on it-if there is no worthwhile application on a certain network, then no one will use the network.Because of this, applications running on one or more L2s can provide investors with varying degrees of risk exposure. Importantly, L2s represents an emerging market, and the existing Dapps protocol can increase its user base on L2s, thereby increasing its usage and revenue.There are two main types of applications that can provide investors with L2 exposure: “early adopters” who migrate from L1 to L2 and “L2 native applications”. There has been a substantial increase in applications.In comparison, the “early adopters” of L2 may prove to be “safer” because these applications are not entirely dependent on the success of the underlying L2, and “L2 native applications” may represent a greater impact on a particular L2 network. Concentrated bets.
Although the applications listed below are not comprehensive (there are many opportunities not included), let's take a look at the following examples.Uniswap is the largest DEX (decentralized exchange) on Ethereum L1, and it is also the earliest adopter of Optimism L2 network. Uniswap was deployed on the Optimism network in July 2021. At the time of writing, the agreement has more than 32 million U.S. dollars of liquidity on the Optimism network, and has achieved a daily transaction volume of more than 10 million U.S. dollars in recent days.The faster the chain, the higher the possibility of forking. Therefore, in order to ensure a complete chain, it can only bring a higher rejection rate or try to ensure the computing power while increasing the ability to perform multitasking at the same time. The fork will soon be strangled into the cradle.
For non-POW public chains, this does not happen, because they no longer need to rely on competition to ensure their own block qualifications, some are in turn, and some are random, so that they wait until the node has a block. In the case of block qualification, only a small amount of computing power is required to successfully generate eligible blocks. Because of this, the non-POW public chain itself can have high block generation efficiency, and most of the resources will be used above the block generation speed.The future Ethereum 2.0 adopts the method of sharding. In fact, it decentralizes the rights of nodes and realizes another mode of decentralization as a whole. However, from the perspective of each shard chain, it is still It is relatively close to centralization, so just like others' laughter, most public chains run in centralized computer rooms. As long as the computer room is powered off, the public chain can die for a large amount of time. It is biased, but it can show that there is still a long way to go in the exploration of public chains.Few institutional investors take risks on high-growth stocks because of price volatility and the innovative nature of the business. However, Cathie Wood, the head of ARK Investment Management, has become an investor. Wall Street investors invest in technology. Cathie Wood manages more than $53 billion in assets in her hedge fund. The top 10 investments account for 35 of the portfolio. %. And in 2014 founded ARK Investment Management Company. Her fund has now become the US Environmental Fund.Cathie Wood's holdings are concentrated in high-growth areas such as technology and healthcare. This is also one of the reasons why Cathie Wood has become a supporter of retail investors. Retail investors are market forces that have gradually increased in recent months. They also like the investment style similar to Mu sister. In 2020, Mu Jie's ARK Innovation ETF has brought investors more than 152% returns. Although the recent gains of ARK have slowed down, Ms. Mu is still sticking to her investment model.
At the end of the second quarter of 2021, some of the top holdings in ARK Investment Management’s portfolio were Tesla Inc. (Tesla, Inc.), Twitter, Inc. (NYSE: TWTR), Square, Inc. (NYSE: SQ) ), Roku, Inc. (NASDAQ: ROKU), Shopify Inc. (NYSE: SHOP), etc. Although Tesla is still the fund’s largest holding, the total holdings are worth more than $4 billion. According to updated data from Ark Investment Management LLC, the fund sold nearly 89,000 Tesla shares (worth US$66 million) and added more than 236,000 shares of Robinhood (worth US$10 million). So far this month, they have increased their holdings of approximately 390,000 Robinhood shares. At the same time, it sold Tesla stock worth $200 million.In the past five months, ARK's funds have sold more than 1 million shares of Tesla stock. But Tesla is still one of its heavyweights.
The following are the stocks that Ms. Mu has been selling based on ARK's public records.1. SBI Holdings, Inc.SBI Holdings, Inc. has a market value of more than 6 billion U.S. dollars, and its annual revenue in the previous fiscal year was close to 5 billion U.S. dollars. The company was founded in 1999 and has more than 9,000 employees worldwide. SBI Holdings, Inc. (OTC: SBHGF) has a seven-year history of dividend growth. The 52-week price range of the stock is between $22 and $37. The company's revenue has grown at a compound annual growth rate of more than 16%.SBI Group is also closely related to the crypto market, especially with Ripple. SBI has always been one of the strongest supporters of XRP in the Japanese market.
Unlike Tesla, Twitter, Inc., Square, Inc., Roku, Inc. and Shopify Inc., SBI Holdings, Inc. (OTC: SBHGF) is one of the stocks that Cathie Wood has been selling.2. InterCure Ltd.InterCure Ltd. is for sale by Cathie Wood. The company is headquartered in Israel and manufactures and sells hemp products. InterCure Ltd. (NASDAQ: INCR) has a market capitalization of more than US$318 million and last year's revenue exceeded US$20 million. (Nasdaq: INCR) has a market value of more than 318 million U.S. dollars and last year's revenue exceeded 20 million U.S. dollars. It was established in 1994. The stock's trading volume was 1,531,006, and the 52-week price range was between $3 and $40.In the second quarter earnings report released on September 3, InterCure Ltd. (NASDAQ: INCR) announced the earnings for the second quarter. (NASDAQ: INCR) reported revenue of NT$45 million, an increase of more than 300% compared to the same period last year.
3. BiondVax Pharmaceuticals Ltd.BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) is a biopharmaceutical company based in Israel that develops and sells treatments for infectious diseases. On August 26, BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV) announced its earnings for the second quarter, reporting that its earnings per share were NT$0.01. Cash and cash equivalents during this period were 39 million NIS, lower than the 48 million NIS in the same period last year.
At the end of the second quarter of 2021, two hedge funds in the Insider Monkey database held shares of BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) worth US$292,000. (NASDAQ: BVXV), lower than the three in the previous quarter, valued at US$190,000.4. Phreesia, Inc.
Phreesia, Inc. (NYSE: PHR) is a North Carolina-based company that sells software and payment solutions for the healthcare industry. On September 3, investment consulting firm Raymond James maintained its stock in Phreesia, Inc. (NYSE: PHR) and raised its target price from US$65 to US$75, pointing out that the company is taking measures to achieve long-term growth goals.Among the hedge funds tracked by Insider Monkey, Maryland-based investment company Rock Springs Capital Management is the major shareholder of Phreesia, Inc. (NYSE: PHR), holding 960,000 shares, valued at more than $58 million.5. LendingTree, Inc.LendingTree, Inc. The company owns and operates an online consumer platform headquartered in North Carolina. On May 20th, investment consultant Northland raised LendingTree, Inc.'s stock from "Market Perform" to "Outperform" with a target price of $225, emphasizing the company's recovery in the mortgage industry Power may be better than people worry.At the end of the second quarter of 2021, 30 hedge funds in the Insider Monkey database held LendingTree, Inc. valued at US$346 million, up from 25 in the previous quarter, valued at US$568 million. In the investor letter in the first quarter of 2021, the asset management company Polen Capital had increased its selling of some stocks, and LendingTree, Inc. was among them."We also emptied LendingTree's position. LendingTree is a two-sided market in the consumer financial services vertical that connects borrowers and lenders. The company has established a brand for more than 15 years, and it has borrowed money by letting banks compete. People provide savings. The company was acquired by IAC before the financial crisis and then spun off at the height of the global financial crisis. The company re-emerged by increasing the value of the mortgage market after the global financial crisis. The company used it. The strong cash flow generation in the model expands to neighboring regions and diversifies the income base. Over the years, product supply has been expanded mainly through acquisitions, including credit cards, personal loans, and insurance. This diversification strategy has benefited from demand shocks , Such as the decline in mortgage demand 18 months ago, and then the demand disruption caused by the pandemic. However, diversification also has some drawbacks. Although it can protect the company from major demand disruption shocks, in our view, with As the product is favored due to macro factors, it is also difficult to promote sustained long-term compound interest. Although we believe that LendingTree has solved a unique problem, we don’t think it has the same compound interest potential in the future."
6. Zscaler, Inc.Zscaler, Inc. is responsible for selling cloud security solutions and operates in California. On August 23, JPM Securities, an investment consulting firm, maintained its stock of Zscaler, Inc. and increased its target price from $240 to $270, pointing out that the company looks "attractive" valuation based on growth adjustments . Among the hedge funds tracked by Insider Monkey, Arrowstreet Capital, a Boston-based investment company, is the major shareholder of Zscaler, Inc., holding 1.4 million shares, valued at more than $318 million.
7. Guardant Health, Inc.Guardant Health, Inc. is a precision oncology company based in California. On June 21, investment consulting firm Wells Fargo maintained its shares in Guardant Health, Inc. (NASDAQ: GH) and raised its target price from US$145 to US$160, pointing out that the long-term pricing prospects are positive for the company. Among the hedge funds tracked by Insider Monkey, the Connecticut-based investment company Viking Global is the major shareholder of Guardant Health, Inc. (NASDAQ: GH), holding 4.2 million shares, valued at more than $528 million.
8. Xilinx, Inc. (NASDAQ: XLNX)Xilinx, Inc. (NASDAQ: AXLNX) is a California-based company that manufactures and sells programmable devices. On July 29, investment consulting firm Wells Fargo reiterated its equal weight rating on Xilinx (NASDAQ: AXLNX). (NASDAQ: AXLNX) stock, and raised the target price from US$110 to US$140, emphasizing the company’s good first quarter results.
At the end of the second quarter of 2021, 59 hedge funds in the Insider Monkey database held $4.1 billion worth of Xilinx (NASDAQ: AXLNX) shares. (NASDAQ: AXLNX), an increase from 57 companies worth 3.5 billion U.S. dollars in the previous quarter.9. Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC TSM)Taiwan Semiconductor Manufacturing Co., Ltd. manufactures and sells semiconductors and related products, and is headquartered in Taiwan. On June 22, the investment consulting agency Argus began reporting on the stock of Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE: TSM), giving it a buy rating with a target price of $150, and applauding the company's new capital expenditure plan.At the end of the second quarter of 2021, 64 hedge funds in the Insider Monkey database held US$10.6 billion worth of shares in Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE: TSM), down from 76 in the previous quarter, valued at 10.8 billion Dollar. Asset management company Bonsai Partners highlighted several stocks in its investor letter for the first quarter of 2021. Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE: TSM) is one of them.
Taiwan Semiconductor is the world's largest logic semiconductor chip outsourcing foundry company. TSMC’s stock price has appreciated by 8.9% during the quarter. Similar to the previous quarter, the imbalance between supply and demand of semiconductor chips continues to benefit TSMC. In order to promote new technological progress and meet the current supply imbalance, capital expenditures for the entire industry may increase substantially in the next few years.Their current large-scale capital expenditure plan (US$100 billion in investment in the next three years) may lead to oversupply of the industry in the medium term, which will affect the rate of return on investment to a certain extent.
10. Thermo Fisher Scientific Inc.Thermo Fisher Scientific Inc. aims to provide life science solutions. On August 4, the investment consulting agency Argus maintained a buy rating on the stock of Thermo Fisher Scientific Inc. and raised the target price from $530 to $600. It noted that the company's profitability in the second quarter was good and there were also guidance figures. Improved.
At the end of the second quarter of 2021, 87 hedge funds in the Insider Monkey database held Thermo Fisher Scientific Inc. worth 7.3 billion USD, an increase from the 79 stocks worth 6.2 billion USD in the previous quarter."If you want to play the role of God, you can't ignore any details." This is a lady named Kelsei (aka "Pandapops") who took a lesson on how to create a digital world via live video. Imagine an empty grid, and then fill the grid with aquarium, water and fish. One of the fish has creepy eyes, has a strange little tail, and one looks like an alien.
Pandapops is optimistic and friendly, with a British accent and bright blue hair. "I really want the aquarium to look deep," she explained.In the next two hours, she carefully created and adjusted her digital assets: she added a splash effect to the aquarium, she planted a flower and painted it a spooky blue, and she finished her "Witch’s Hut". ("Witch's Hut: The humble home of any aspiring woodland witch.")This project was very attractive, and soon the virtual world began to expand. Pandapops completed her aquarium, put it in a tavern, and then inserted the tavern into a village she created, enclosing it in a forest.There are people everywhere in the village, and she is designing a game. "This guy hasn't given us a task yet, but he will," Pandapops said of the bartender. Like all the small characters, he looks a bit like a character in a Lego movie. "That's a bounty hunter," she said. Soon we saw our protagonist, the well-known "Player One", who was jogging through the courtyard with a cute little sword.
Pandapops is not a professional game designer. She is not an employee of Epic, Sony or Electronic Arts. She is using a program called VoxelEdits to create a game for the sandbox. The sandbox is a meta-universe based on blockchain technology. The game launched its public version 1 in late September.According to the company's co-founder and COO Sebastien Borget, even before the launch of Metaverse, the sandbox's Game Maker engine (currently in beta) has been downloaded more than 100,000 times. "Our Game Maker does not require code, and you can make games without any experience," Borget said. "This is what we have been building for more than three years."
They have actually been built for 10 years. Sandbox was originally launched in 2011 as an ordinary non-blockchain startup, representing a shift from traditional games to encrypted games. Sandbox was originally a mobile application. Borget said that although the app has been downloaded 40 million times, "the success of the game comes from users." These users have created 70 million assets, which is common in traditional games such as Minecraft and Roblox. After Borget learned about the strong market for CryptoKitties, CryptoPunks, and NFT users, he flipped the sandbox model to a decentralized blockchain meta-universe, which enabled “turning players into creators” and then “helping players and creating People monetize all the content they produce."For non-blockchain enthusiasts, meta universe is still an obscure concept. This may change soon. The New York Times is running the meta-universe interpreter; traditional brands such as Sotheby’s and Coca-Cola are entering the meta-universe; perhaps most importantly, Zuckerberg is linking the future of Facebook with the meta-universe. He told employees in the summer, The company's primary goal is to "bring the virtual world to life."
This begs the question, what exactly is the meta universe? Is it just one platform, or the sum of all platforms? Ask 10 different people in an encrypted meeting and you will get 10 different definitions. Venture capitalist Matthew Bauer wrote: "We should not expect to have a single and comprehensive definition of'meta universe'." "Meta universe is best understood as a'further development of the mobile Internet'. This is because of the meta universe. The universe will not fundamentally replace the Internet, but iteratively transform on its basis."Maybe today and tomorrow, Metaverse is just an online virtual world—like Decentraland, Crypto Voxel, and The Sandbox—where you can play fast games, browse NFTs in art galleries, or hold online parties. This is the initial stage of the meta universe. But after 5, 10, or 20 years, Metaverse may replace most of the work you do online or even offline.