It is necessary to talk about a topic that cannot be avoided in recent days, the two most discussed DeFi ICO projects, Michael's YieldBasis, which directly points out the biggest challenge of DeFi, impermanent losses. AC's Flyingtulip is a DeFi family bucket that requires both. Both founders are legendary figures from the previous cycle, but they are also highly controversial. Both projects can be considered creative, as they were both handled by experienced chefs. To put them apart: The quota for YieldBasis is difficult to obtain, and the valuation is also low. Regardless of whether you understand this project or not, there is a high probability that it can make money. The controversy surrounding Flyingtulip is quite high, as it involves TVL financing with permanent put options. I think it depends on the situation of the hedge. The core contradiction is that AC's hesitant style has scared many people, but currently, theoretically, it can be redeemed at the original price through put options, and the participation cost is also very low. For short-term speculation, there is only so much information, the rest depends on one's own cognition and judgment. Returning to the development perspective of the project, if you are considering what heights they may reach in the DeFi market in the future and the necessary conditions, the information is as follows: YieldBasis requires quantitative support and is closely related to Curve. The key to its development lies in whether it can be scaled up. However, at present, this is not a universal solution. Therefore, whether the Curve universe can break out of the independent market and regain market share is crucial, which depends on the data after its launch. Detailed logical analysis, to be written later. Flyingtulip does everything, only what you can't think of, there's nothing it doesn't want to do, spot goods, loans Perps、 Options and so on, this is the path of "super applications". DeFi may seem crowded, but in reality, it is also a new track. Currently, most solutions are to integrate underlying DeFi projects and create a super frontend (many exchange wallets follow this idea). However, if you do it yourself, AC is the first one. I can only say that this is a great career that requires an extremely dedicated and professional team. Your judgment of this project depends on how you view AC. To be continued, we will continue to update after TGE goes live