流动代币的案例

支持流动性代币的论点很简单：我相信流动性代币投资领域存在巨大的机会（阿尔法），而 VC 代币投资空间已经过度饱和。

The cryptocurrency market has shifted from depicting dreams in 2021 to realizing those dreams post-2024, with Solanas serving as a prime example.

加密货币市场已经从描绘 2021 年的梦想转向 2024 年后实现这些梦想，Solanas 就是一个很好的例子。

VCs should focus on identifying promising products rather than repricing assets. DeFi’s revival bodes well for undervalued protocols like AAVE, highlighting opportunities in the liquid token space.

风险投资公司应该专注于识别有前途的产品，而不是对资产进行重新定价。 DeFi 的复兴对于 AAVE 等被低估的协议来说是个好兆头，凸显了流动性代币领域的机遇。

Banana Gun's high revenue ranking despite its low market cap exemplifies the undervaluation of some promising protocols.

尽管市值较低，但 Banana Gun 的收入排名却很高，这说明了一些有前景的协议被低估。

A recent example is Ethena, which demonstrates the potential for discovering valuable liquid tokens.

最近的一个例子是 Ethena，它展示了发现有价值的流动性代币的潜力。

Four questions help uncover opportunities in liquid tokens:

四个问题有助于发现流动代币的机会：

1. Aren't scams the most profitable?

1、诈骗不是最赚钱的吗？

While scams can yield high returns, asset selection becomes paramount post-2024, rendering scams less effective. Focus on identifying promising protocols.

虽然诈骗可以产生高回报，但 2024 年后资产选择变得至关重要，这使得诈骗的效率降低。专注于识别有前途的协议。

2. When will the market pay attention?

2、市场什么时候会关注？

It's crucial to anticipate market trends and identify assets that will garner attention. TradFi capital requires logical fundamentals to drive market movements.

预测市场趋势并确定会引起关注的资产至关重要。 TradFi 资本需要逻辑基本面来推动市场走势。

3. Why not just buy Memecoins?

3. 为什么不直接购买 Memecoins？

Memecoins, despite lacking fundamentals, exhibit a strong community following, which can serve as a basis for a "fundamental" framework. This community worship manifests in shared memes and a strong collective identity.

尽管缺乏基本面，Memecoin 却表现出强大的社区追随者，这可以作为“基本”框架的基础。这种社区崇拜体现在共享的模因和强烈的集体认同中。

4. What do fundamentals represent?

4. 基本面代表什么？

Examples like Solanas highlight a logical argument for higher valuations, but fundamentals can also manifest in other ways, such as strong community support or a unique value proposition. Uncovering these fundamentals is key.

像 Solanas 这样的例子强调了更高估值的逻辑论据，但基本面也可以通过其他方式体现，例如强大的社区支持或独特的价值主张。发现这些基本原理是关键。

Overall, some liquid tokens are quietly building promising protocols, presenting opportunities for those who can uncover them.

总体而言，一些流动性代币正在悄悄构建有前途的协议，为那些能够发现它们的人提供机会。