Crypto investment research methodology: take apart the big narrative and reassemble it

Compilation: How does Deep Wave TechFlow research and understand everything in cryptocurrency? Basically, we need two key steps: Analysis and Synthesis Imagine you are playing with Lego bricks. Normally you would assemble the bricks into a whole, but what we are going to do is the reverse process. 1. When you want to understand a subject, one of the best ways is to break things down into smaller parts to understand the function of each part. From a scientific perspective, analysis is the detailed examination of elements of the object of study. Say you want to learn how restaking works, specifically as it relates to @eigenlayer. By spending 10 minutes on Google to find the description of EigenLayer, you can list the main components of re-staking: Actively Validated Services (AVS) Operator Re-stakeholder Asset

Of course, you can also find other parts , but these are the main parts.

After splitting the structure into its main parts, it is important to find the relationship between each part:

1. AVS is a system that requires its own distributed verification semantics for verification.
2. Operators are entities that help run the AVS software.
3. Re-hypothecaters entrust their assets to the operator.
4. Assets include native ETH or LST ETH.

Through these four points, we can understand how each major part is connected to each other and thus have a general understanding of re-staking.

2. Try to be skeptical and make everything look unreasonable until proven otherwise

It is important to fully understand the topic you are researching by asking yourself questions.

• If every service can be set up locally, why do we need AVS?
• If restakers can decide which services they want to secure, why do we need operators?
• What happens if a malicious actor wants to cheat?
• Why can re-stakeholders also deposit LST ETH? Aren’t there too many wrappers?
• How exactly do assets protect the network?
• Why can’t I deposit stablecoins but only ETH?

The idea is to ask yourself as many questions as possible to clearly define the function of each part and its limitations. This is why new startups are created to solve problems with existing solutions.

This is also why there are direct competitors, rather than protocols built on top of @eigenlayer:

• @symbioticfi supports any mix of tokens as collateral for re-staking (not just ETH).
• @nektarnetwork provides more modularity for operators and AVS.
• @ExocoreNetwork allows re-staking using multiple tokens on multiple chains.

By asking yourself more specific questions related to the main parts of the product, you will not only understand the product better, but also find potential solutions to bugs and open problems.

3. When you feel confident in your analysis, it's time to rebuild the system from scratch using a comprehensive approach

You've asked yourself a lot of questions and probably broken down the major parts into smaller pieces.

Example:

When studying how operators connect with AVS, you may learn about:

1. Penalty Conditions
2. Cryptoeconomic Security
3. EigenPod
4. Legal Number of people

Now you have an idea of ​​how everything works. The next step is to rebuild it from scratch.

From a scientific perspective, "synthesis" is combining elements into a coherent whole, taking everything you've learned and trying to reconstruct what you originally broke down.

As a kid, I used to take apart computer components to understand their characteristics and why they were important.

This develops a great learning skill: if you want to understand something, take it apart and put it back together again.

Twitter English account:

https://x.com/TechFlow_Intern

The above is the detailed content of Crypto investment research methodology: take apart the big narrative and reassemble it. For more information, please follow other related articles on the PHP Chinese website!