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The Landscape of the Cryptocurrency Industry: The Unignorable Presence of BTC

In recent years, the emerging features of blockchain technology have sparked a global trend, captivating the attention of individuals worldwide. The enticing potential of blockchain isn't merely altering various industries; it's also drawing a multitude of investors into the market. With the allure of surging prices, people are flocking to this realm, aiming to find success in a landscape brimming with opportunities. However, just as some reap profits, many others suffer losses due to a lack of understanding.

As the cryptocurrency market enters a bearish phase, there has been a decline in income for Defi protocols. Market values of dollar-pegged stablecoins like USDT, USDC, and BUSD, which are backed by the US dollar, have been continuously decreasing. Investors' preferences have shifted from high-risk returns to low-risk or risk-free returns.

Ethena Labs is a decentralized stablecoin protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible and permissionless dollar denominated savings instrument - the 'Internet Bond'. Ethena has three products: USDe, Internet Bonds, and Repo Financing.

Despite the entire crypto market being in a bearish trend since the end of 2021, new projects continue to emerge and secure substantial funding. According to Crunchbase, in the second quarter of this year, Web3 startups raised over $1.8 billion in funding through 322 transactions.

Background

DegenReborn在经过第一赛季因合约问题中断之后，即将在5月发布Special Season。 相较于测试版和第一赛季有哪些更新？最新玩法如何解读？如何在新玩法中找到最适合的参与策略？

一个只有Litepaper，项目方匿名，无官方社群的项目DegenReborn，凭什么在三个知名的黑客松比赛Mask x Starkware、CyberConnect x BNB Chain 和 ETH Denver 中三连获得了奖项？