At 19:30 on the evening of March 20th, the "DeFi Night" series of city tour activities hosted by the high-performance public chain Solana and its ecological protocol Serum and co-hosted by TrendLabs were successfully held in Shanghai. This event is the first stop of Solana & Serum's city tour. In the next few months, this series of events will be held in Chengdu, Beijing, Hangzhou, Shenzhen and other cities.
The theme of this DeFi Night event is "Exploring the Infinite Possibilities of DeFi", which mainly revolves around the DeFi projects that have recently exploded in the Solana and Serum ecosystems. At the same time, representatives from many leading projects such as Aave, Chainlink, MulticoinCapital, Raydium, Serum, The Graph, as well as well-known investment institutions, active communities, wallets, technology providers, third-party service providers, media, etc. were also invited to the event site Industry elite. Representatives from various fields gathered in Shanghai to talk about the infinite charm and huge space of DeFi, and look forward to the prospects and future of blockchain technology development.
The event kicked off with the sharing by Chris, head of Solana's Asia-Pacific region. He first introduced the basic information about Solana, including the team background, three core advantages (scalable, low-cost, and combinable), and the core innovative technology " historical evidence", etc. Solana's high performance can carry applications with millions of users like Maps.me and Kin, and can also support multiple application scenarios such as large-scale multiplayer virtual world games (Star Atlas).
In addition, the Solana ecosystem has recently launched a number of DeFi projects, including Raydium, Orca, Oxygen, etc. In the just-concluded Hackathon, multiple DeFi protocols including decentralized margin trading, American option agreements, synthetic debt agreements, synthetic asset agreements, P2P asset management and trading agreements, tax tools, and voting tools received a cumulative reward of 200,000 US dollars. This also means that Solana's DeFi infrastructure is being further improved, and various projects are constantly being enriched. It will be more convenient and faster to build Lego-style DeFi building blocks in the future.
Then, Raydium China representative Larry delivered a speech. Raydium is an AMM based on Solana that integrates Serum DEX order flow and liquidity. Larry reiterated the convenience of Solana's high performance: "Currently, Ethereum's DeFi products generally face the problems of high fees and decentralized liquidity, while Solana has great advantages, and the whole process only takes a few seconds." At the same time, he added Raydium's recent development status and future development plan, "Raydium's total asset locked-up volume (TVL) has exceeded 150 million US dollars, we have almost 6,000 users a day, and the transaction volume reaches tens of millions of US dollars. Our next development is Add more LP pools, access more project parties and provide them with liquidity, and users get RAY token rewards in the process.”
The third guest speaker at the event was Leslie, head of AAVE China, the top lending protocol of Ethereum. He disclosed that the latest data of AAVE has about 60,000 users, and the growth in the last 30 days is about 4,000 to 5,000. Revenue in the past week was around $2 million. At the same time, Leslie pointed out that AAVE has many users of traditional financial institutions and banks, allowing them to seamlessly enter DeFi, so AAVE is the most circle-breaking application, "Whether a user owns dollars, euros or pounds, he can directly use AAVE's Application, direct lending to earn an annualized return that is not available compared to traditional ones."
Next, during the intermission and the lucky draw, FTX Operations Director Li Yan presided over the session. He asked the audience a few simple questions about Solana, and the audience who answered correctly could get a pair of exquisite Apple earphones. The atmosphere of the answering session was warm, and rewards could be obtained while learning and consolidating Solana knowledge, which directly ignited the enthusiasm of the guests.
After the lottery session, Li Yan introduced the FTX exchange, "It is growing very fast, and we have several core advantages, such as the lowest transaction threshold and the lowest transaction fee among exchanges of the same level. No withdrawal fees (recently raised the threshold for Erc20 assets). In addition, the quality of FTX’s IEO projects has always been very high-quality, and has brought good benefits to users. Like Oxygen, which opened a few days ago, the highest is 90 times, and now there are More than 30 times”, he believes that FTX is a fair, just and credible exchange, and its asset security has never been a problem.
This was followed by a roundtable discussion on "The Infinite Possibilities of DeFi". Mabel, executive director of MulticoinCapital China, served as the moderator, and representatives of Solana, Aave, The graph, and Chainlink projects were guests. At the round table, several guests briefly introduced their projects and their roles in DeFi. At the same time, they reviewed the achievements of each project in 2020, the plan for 2021, and the expansion of the currently popular DeFi to digital assets around the world. The pain points and solutions encountered by 1 billion users.
The last speech came from a remote video speech by Serum consultant SBF. SBF pointed out that using Serum’s core driving force for basic applications, many projects can be combined with DEX, lending/loan protocols, streaming services, etc., without having to build from scratch. He said, “ Serum has always been committed to building the core driving force of all basic applications. Only after doing these can many projects that really target a huge number of users be built on it. Many projects can take advantage of this advantage, and DEX, borrow /Loan agreement, streaming service, unified UI, blockchain infrastructure, AMM benefits and many other aspects combined. Any application can automatically use and benefit from these same agreements, no need to start from scratch, just put the DEX directly Just embed it in."
At the same time, he expects to see the basic social media technology based on Serum in the next six months, so that everyone can encrypt chat information, group information, publicly released information or other messages, and run them all on the chain. Later, like Twitter and Facebook, it can be directly encrypted in a completely customized, open and user-unaware way, so that users can also choose their own privacy settings.
Afterwards, the event ended successfully in Chris's concluding speech, and the guests exchanged happily in an atmosphere of toasting. So far, Solana & Serum Shanghai Station has come to a successful conclusion. This event focuses on Solana & Serum's recent important developments in DeFi, providing industry practitioners and enthusiasts with opportunities for unbounded communication, and in-depth exchanges on the current development of the blockchain industry in a relaxed atmosphere hotspots and trends. In the next few months, this series of activities will be held in Chengdu, Beijing, Hangzhou, Shenzhen and other cities, so stay tuned!
