1. PixelPlaygroundHome
  2. Metaverse Insights

Zero CHU, Bitget Asset Manager: ETH’s PoS mechanism and high liquidity will attract investment and pledge

• Metaverse Insights • 87 views

On April 14th, at the 2023 Web3 Carnival in Hong Kong, Zero CHU, the head of Bitnet Asset Management, shared his views during a roundtable discussion on \”Stacking Economics and Reg

Zero CHU, Bitget Asset Manager: ETHs PoS mechanism and high liquidity will attract investment and pledge

On April 14th, at the 2023 Web3 Carnival in Hong Kong, Zero CHU, the head of Bitnet Asset Management, shared his views during a roundtable discussion on “Stacking Economics and Regulation”. He pointed out that ETH’s PoS mechanism and huge liquidity will attract investment institutions and family offices to pledge ETH. With the emergence of projects such as lowering the threshold for pledge and new LST machine gun pools, it is believed that the pledge track will unleash a new round of innovation and flywheel. The regulation by the US Securities Regulatory Commission does not mean that the crypto community will fall into a passive situation, but rather promotes communication. Bitget is committed to building its own compliance team, promoting licensing matters, and is currently actively applying for licenses in Hong Kong and other places, actively communicating with regulatory authorities.

Zero CHU, Bitget Asset Manager: ETH’s PoS mechanism and high liquidity will attract investment and pledge

I. Introduction
A. Brief overview of the roundtable discussion
II. The PoS Mechanism and ETH’s Huge Liquidity
A. Explanation of PoS mechanism and its benefits
B. Discussion of ETH’s liquidity and its effect on investment institutions
III. Lowering the Threshold for Pledge
A. Explanation of the pledge track and its requirements
B. Discussion of the impact of lowering the threshold for pledge
IV. New LST Machine Gun Pools
A. Explanation of LST machine gun pools and how they work
B. Discussion of the inclusion of new LST machine gun pools
V. Regulation by the US Securities Regulatory Commission
A. Explanation of the US Securities Regulatory Commission
B. Discussion of how regulation promotes communication within the crypto community
VI. Bitget’s Compliance Team and Licensing Matters
A. Explanation of Bitget’s compliance team
B. Discussion of their efforts to promote licensing matters and communicate with regulatory authorities
VII. Conclusion
A. Recap of key points
B. Final thoughts on the future of stacking economics and regulation

Stacking Economics and Regulation: An Overview from Zero CHU

On April 14th, at the 2023 Web3 Carnival in Hong Kong, Zero CHU, the head of Bitnet Asset Management, shared his views during a roundtable discussion on “Stacking Economics and Regulation”. In this discussion, CHU pointed out that ETH’s Proof-of-Stake (PoS) mechanism and huge liquidity will attract investment institutions and family offices to pledge ETH. Additionally, he expressed his belief that with the emergence of projects such as lowering the threshold for pledge and new LST machine gun pools, the pledge track will unleash a new round of innovation and flywheel. In this article, we will delve into the details of CHU’s insights and explore the impact of ETH’s PoS mechanism in more depth.

The PoS Mechanism and ETH’s Huge Liquidity

Despite being a relatively new development within the blockchain community, the PoS mechanism has been gaining popularity due to its many benefits. Compared to the traditional Proof-of-Work (PoW) mechanism, PoS requires much less computational power, making it more energy-efficient and environmentally friendly. Moreover, it allows token holders to participate in the confirmation of transactions and earn rewards in proportion to the number of tokens they hold and pledge.
According to CHU, ETH’s huge liquidity also plays a significant role in its potential to attract investment institutions and family offices to pledge ETH. As one of the most popular cryptocurrencies on the market, ETH has a vast market capitalization and a highly liquid market, which allows investors to easily buy and sell ETH tokens. This liquidity makes it an attractive option for investment institutions looking to diversify their portfolios.

Lowering the Threshold for Pledge

The pledge track refers to the process of pledging collateral in order to receive rewards on the blockchain. However, the high thresholds of pledging often deter retail investors from participation. CHU believes that lowering the threshold for pledge will lead to increased participation and innovation within the pledge track. Such innovation will break the monopoly currently enjoyed by a few large financial institutions and create a more democratic and equitable pledge track.

New LST Machine Gun Pools

CHU also discussed the inclusion of new LST machine gun pools in the pledge track. LST machine gun pools are designed to incentivize the pledging of assets and give users higher returns and rewards. CHU believes that the inclusion of new LST machine gun pools will further strengthen the pledge track and promote the influx of innovation.

Regulation by the US Securities Regulatory Commission

Despite its potential, the crypto market has faced significant challenges in regulation. CHU believes that regulation by the US Securities Regulatory Commission will not hinder innovation in the crypto community. Rather, it will encourage communication and cooperation between the regulatory authorities and the crypto market.

Bitget’s Compliance Team and Licensing Matters

In response to growing regulatory requirements, Bitget is building its own compliance team and actively applying for licenses in Hong Kong and other places. CHU also explained that Bitget is committed to promoting licensing matters and actively communicating with regulatory authorities.

Conclusion

Overall, CHU’s insights highlight the potential of ETH’s PoS mechanism and huge liquidity to attract investment institutions and family offices to pledge ETH. Moreover, his thoughts on lowering the threshold for pledge and introducing new LST machine gun pools emphasize the impact of innovation in creating a more equitable and democratic pledge track. Lastly, CHU’s commentary on regulation and Bitget’s proactive approach to compliance underscore the importance of creating a cooperative and respectful relationship with regulatory authorities.

FAQs

1. What is the PoS mechanism, and how does it differ from PoW?
– The PoS mechanism is a consensus algorithm used by some blockchain networks that rewards users based on the number of tokens they hold and pledge. It is more energy-efficient and environmentally friendly than the PoW mechanism, which requires more computational power.
2. What are LST machine gun pools, and how do they work?
– LST machine gun pools are designed to incentivize the pledging of assets on the blockchain by offering higher returns and rewards. They work by giving users a grace period before the liquidation of their pledged assets for unpaid debts.
3. What are the benefits of compliance teams and licensing matters in the crypto market?
– Compliance teams and licensing matters are critical for ensuring that crypto markets and platforms operate within legal and regulatory frameworks. They provide clarity and transparency to investors and create a more predictable and safe environment for all parties involved.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/20772/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/14/2023 06:27
Next 04/14/2023 06:34

Recommended articles