Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

Odaily星球日报Pubblicato 2024-01-30Pubblicato ultima volta 2024-01-30

Introduzione

Grayscale和BlackRock是目前试图推出现货以太坊ETF的公司，但美国证券交易委员会（SEC）推迟了Grayscale Investments将其以太坊信托产品（ETHE）转化为交易所交易基金（ETF）的申请，一天之前，也对延迟了BlackRock的申请。

亲爱的读者，欢迎阅读 Gryphsis 学院的周度加密货币摘要。我们为您带来关键的市场趋势、新兴协议的深度洞察，以及全新的行业动态，所有这些都旨在提升您对加密货币和Web3的专业知识。祝您阅读愉快！关注我们的 Twitter 和 Medium，获取更深入的研究和洞见。

市场和行业快照

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

Layer 2 Overview:

上周，Layer 2 除了 zkSync Era 增长了 3.78% 外，其余均呈下降趋势。像 Promethium, Rigoblock, Messina Bridge, XY Finance, StarkDefi 这些协议展示出了值得注意的 TVL 增长比例。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

LSD Sector Overview:

在 LSD 领域，以太坊存入量和总退出量均有所轻微上涨，但相对而言退出量更加明显。就市场份额而言，所有的蓝筹 LSD 均有所较大程度的下降，其中 sfrxETH 下降最为明显为 23.31% 。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

RWA Sector Overview:

上周，世界真实资产市值变化不大，但 24 小时成交量上涨明显为 18.02% 。RWA 代币化国库上涨和代币化美国国债价值均轻微下跌。值得注意的增长代币包括 $WECO, $MIMO 和 $BRTR, 像 $FFM, $SMT 和 $EPOCH 这样的代币经历了较大的亏损。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

Main Topics

宏观概述:

US Stock V.S. Crypto

本周大事件:

SEC Delayed Ethereum Spot ETF Application

每周协议推荐:

Peapods

每周 VC 投资聚焦:

Axiom($ 20 M)
Dopamine($ 4.5 M)
Synonym($ 1.5 M)

推特 Alpha:

@poopmandefi on Celestia
@MoonKing___ on Surfboard
@stacy_muur on Flare Network
@DeRonin_ on LBPs
@KingWilliamDefi on DePIN

宏观概述

本周，股市层面 SPX 和 NASDAQ 分别增长 1.05% 和 0.62% 。在未来一周，要关注 JOLTs 职位空缺，CB 消费者信心指数，制造业 PMI，FOMC 声明，美联储利率决议等重大事件。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

本周大事件

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

SEC 推迟现货以太坊 ETF 申请

Grayscale 和 BlackRock 是目前试图推出现货以太坊 ETF 的公司，但美国证券交易委员会（SEC）推迟了 Grayscale Investments 将其以太坊信托产品（ETHE）转化为交易所交易基金（ETF）的申请；一天之前，也对延迟了 BlackRock 的申请。

SEC 传统上反对现货加密货币 ETF 产品，仅允许一系列现货比特币 ETF 产品在 1 月份首次在美国上市。周四对 Grayscale 申请的任何决定的推迟并不令人意外，BlackRock 的申请也同样被延迟了。

在 SEC 批准现货比特币 ETF 申请之前，发行人和交易所需要开始提交更新的文件，回答监管机构的各种问题。本周的文件提出了提出了，现货以太坊 ETF 是否与现货比特币 ETF 类似的问题。

“评论者是否认为支持比特币 ETP 上市的论点同样适用于 Shares？” “与 ETH 及其生态系统相关的特定特征，包括其权益证明共识机制和由少数个人或实体控制或影响的集中，是否存在引起有关 ETH 易受欺诈和操纵的独特担忧的问题？”

还有其他问题关注市场操纵，现货市场和期货市场是否相关以及 CME 期货市场是否具有重要规模等等，这些都是 SEC 在审查比特币申请时提出的类似问题。

https://www.coindesk.com/policy/2024/01/25/spot-ether-etf-applications-decisions-delayed-by-sec/

每周协议推荐

欢迎来到我们的每周协议环节——在这里，我们会重点关注在加密空间掀起波澜的协议。本周，我们选择了 Peapods，一个链上指数基金产品，可以帮助用户管理多链加密资产并实现套利。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

Peapods 是一个去中心化、无需许可、无需信任的链上波动率挖矿协议，不依赖于预言机或外部价格源，用户能够利用加密市场的无尽波动性为任何流动性资产开启收益机会。简单来说，用户通过创建/加入流动池，获得 $PEAS 的流动性挖矿激励。用户在存入多个资产时，平台会将其统一 wrap 成单一的 ERC-20 代币，这些代币在 Peapods 生态系统中被称为 “pods” 。

$PEAS 是协议的原生代币，发行上限为 10 M，其中 88% 的代笔被用户存入 Uniswap 中提供 $PEAS/$DAI 流动性，剩余 12% 用于团队解锁。

在传统的 farming 协议里，挖矿得来的收益是来源于铸造新币，收入可能会被发行量给抵消。在 Peapods 中，代币没有通胀机制或者可以被铸造，在合约部署的时候就已经 mint 完毕。

协议的主要费用来源于 warpped fee，用户 (un)wrap 时都会支付一定的费用，而这部分协议收入会被用于在市场上购买 $PEAS，其余部分则会被用于燃烧，奖励给 LP 或者代币 holder 等等。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

Source: Website

比如，在 pPEAS 这个 pod 中，用户得先持有 $PEAS，平台会将其 wearp 成 $pPEAS 然后存入。在这个过程中，平台会收取 1.5% 的 warp 费用；当然用户也可以从其他 dex 上直接购买 $pPEAS，只不过仍然需要支付 0.5% 的购买费用。在这个池子中，比如会有 50% 的燃烧费用于购买 $PEAS，制造购买需求使得 $PEAS 持有者可以享受代币升值，对于直接持有 $pPEAS 的用户则不太友好，间接促使用户购买 $PEAS。

Peapods 的费用机制不仅可以为持有者带来升值收益，更为重要的是在整个体系中作为套利机制的关键 trigger。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

Source: Official Doc

用户的原始资产为 TKN，平台 wrap 之后的资产为 pTKN。但由于 (un)wrap 时，会收取的一部分的费用 pTKN，所以真正到手的 pTKN 数量会减少，但由于持有的 pTKN 总价值要与原始资产价值相等，但数量不等的情况下必然会导致 pTKN 和 TKN 价格不一，形成套利空间。

我们的洞察

Peapods 隶属于 Yield 赛道，目前单日增长率排进前 5 ，TVL 排名在前 10 左右，在 1 月 26 日左右 TVL 实现暴增 5 倍。目前产品已经产生了 2.5 M 的费用，总产生了 2.2 M 的收益。

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

Source: Defilama

Peapods 最为重要的就是其根据 wrap 机制引发的 TKN 和 pTKN 的价格偏离，从而出现的套利机会。这种套利交易量通过(un)wrap 费用驱动协议收入的增加，这一过程中所有参与者都可以获利。

套利者获得利差
因封装或解封而收取的 $pPEAS 被销毁，增加了 $pPEAS 的价值，有利持有者；
剩余费用用于市场购买 $PEAS 代币，使所有 $PEAS 持有者受益；
10% 的市场购买的 $PEAS 被销毁，有利于减少总量；
90% 的市场购买 $PEAS 作为奖励分配给质押流动性的用户;

由于所有资产的市场价格都在永久波动，用户和 MEV 机器人不断寻找套利机会，Peapods 协议利用这一点通过创建套利机会来增加流动性。由于 Pods 的存在，套利者现在拥有必要的二级市场，价格差异可以在同一资产之间发生，从而给他们带来套利机会。

每周 VC 投资聚焦

欢迎来到我们的每周投资聚焦，我们在这里为你揭示加密空间中最重大的风险投资动态。每周，我们将重点关注获得最多融资的协议。

Axiom

Axiom 是一个 ZK 协处理器，它允许智能合约无信任地访问和处理所有链上数据。这是一种在链下处理数据的协议，然后将这些数据传输到以太坊主网，并使用 ZK 证明对其进行验证。

https://x.com/axiom_xyz/status/1750534080842928284?s=20

Dopamine

Dopamine 是一款适合初学者和专家喜爱的加密投资应用程序，用户可以访问他们需要的所有信息（浏览所有代币、阅读白皮书、了解团队、进展、事件等等）、与同行互动、在 DeFi 协议上进行交易并访问他们最喜欢的加密工具和项目。

https://x.com/CoinDesk/status/1750504320880062583?s=20

Synonym

Synonym 是 DeFi 专业人士的通用跨链信用层。建立在 Wormhole、Arbitrum 和 Circle 之上。Synonym 允许用户通过一个无缝界面在任何链上借贷和赚取收益。

https://x.com/synonymfinance/status/1750171980803051637?s=20

协议事件

Aleo mainnet set to come within weeks with lofty goal of bringing privacy to crypto

Worldcoin's eyeball scanning Orb is getting an Apple-style makeover

Synthetix deploys first perpetuals protocol on Base blockchain

Polygon aims to launch 'AggLayer' focused on blockchain interoperability in February

Solana Labs releases token extensions for SPL token standard on Solana network

行业更新

US files intent to dispose $ 117 million in bitcoin seized from Silk Road drug dealer

SEC delays decision timeline for BlackRock's proposed spot Ethereum ETF to March

BIS confirms tokenization project as part of six projects for 2024

Coinbase urges US Treasury to reconsider bulk data reporting in proposed crypto mixing rules

OSL executive says Hong Kong could debut spot crypto ETF by mid-year

推特 Alpha

在加密推特中蕴含了许多 Alpha，但在数千条推特线程中导航可能很困难。每周，我们都会花费几个小时进行研究，精选出充满洞见的线程，并为您策划每周的精选列表。让我们深入了解吧！

https://x.com/poopmandefi/status/1725094175979548991?s=20

https://x.com/MoonKing___/status/1750161835116970374?s=20

https://x.com/stacy_muur/status/1750420288771371489?s=20

https://x.com/DeRonin_/status/1750583770481090836?s=20

https://x.com/KingWilliamDefi/status/1750578494604538283?s=20

下周事件

Gryphsis加密货币周报：SEC推迟现货以太坊ETF申请

新闻来源

https://www.theblock.co/post/274350/synthetix-deploys-first-perpetuals-protocol-on-base-blockchain

https://www.theblock.co/post/274296/polygon-agglayer-blockchain

https://www.theblock.co/post/274574/us-files-intent-to-dispose-117-million-in-bitcoin-seized-from-silk-road-drug-dealer

https://www.theblock.co/post/274163/solana-labs-releases-token-extensions-for-spl-token-standard-on-solana-network

以上就是本周的全部内容。感谢您阅读本周的周报。希望您从我们的洞见与观察中获益。

可以在Twitter 和 Medium 上关注我们，获取即时的更新。我们下期再见！

此周报仅用于提供信息。它不应作为投资建议。在做出任何投资决策之前，您应进行自己的研究，并咨询独立的财务，税务或法律顾问。且任何资产的过去表现并不能预示未来结果。

Letture associate

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