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first_img OKX Survey: European Investors View Crypto Assets as Superior to Retirement Plans

A survey released by OKX shows that among major economies in Europe, 19% of surveyed investors view crypto assets as a tool for creating long-term wealth, compared to 8% who prefer traditional retirement plans. The survey was conducted by Pollfish from October 14 to 18 in the United States, France, Germany, the Netherlands, and Poland, with a total of 1,932 adults aged 18 to 88 who have invested in crypto assets. Real estate remains the most favored long-term wealth vehicle among all respondents, accounting for 34%.In terms of holding intentions, 47% of European investors expect to increase their holdings in crypto assets, with 13% planning to significantly increase their positions; across all age groups, 51% of respondents expect to raise their allocation to crypto assets. The baby boomer generation is an exception, as 55% of European baby boomer respondents believe that crypto assets are not important for intergenerational wealth transfer. American respondents are generally more optimistic about the role of crypto assets in their portfolios, with 55% expecting to increase their allocation over the next five years, and 22% planning to significantly increase their holdings; however, 65% of American baby boomer respondents believe that crypto assets are completely unimportant for intergenerational wealth accumulation, compared to 44% in Europe.Erald Ghoo, CEO of OKX Europe, stated that when investors under 45 on both sides of the Atlantic incorporate crypto assets into their long-term wealth planning, it indicates that crypto assets have become part of how people view personal finance; as these investors age and accumulate wealth, the role of crypto assets in wealth planning will become increasingly important. The survey also shows that American investors remain more cautious about allocating crypto assets in retirement accounts, with 21% choosing traditional retirement plans and 12% opting for crypto assets.

first_img Yield Basis launched the permissionless propAMM, prioritizing the deployment of the WETH pool

The automated market-making protocol Yield Basis, founded by Curve founder Michael Egorov, announced the launch of a permissionless propAMM, aiming to upgrade its liquidity mechanism on Curve. This design combines market perception pricing with dynamic fees, aiming to increase trading volume, reduce arbitrage losses, and improve liquidity provider returns. According to its simulations over the past 18 months, Yield Basis's WETH position is projected to grow at an annualized rate of 8.5% in ETH terms under the new design, compared to 3.6% under existing parameters.Officials stated that WETH liquidity providers do not need to take additional actions, as the new design will directly affect their respective liquidity pools. The small transaction fee for pulling the pool price back to the market price is 0.50%, and anyone can submit prices or deposit funds, with the relevant code being open source. The WETH pool will be deployed first, and Bitcoin-related liquidity pools will follow after the successful deployment of the WETH pool.According to the announcement, the liquidity pool will charge based on the profits earned by arbitrageurs from trades, retaining about two-thirds of the profits above the minimum fee. The new design features lower single transaction fees, with simulated trading volumes approaching three times the current levels, requiring donations of about one-quarter of the current amount. The Yield Basis DAO owns the strategy, and the Curve Emergency DAO can shut it down in emergencies, while the Curve liquidity pool contract itself remains unchanged. Curve DAO vote 1508 will connect the strategy to the WETH pool and set the reserved profit ratio, while Yield Basis vote 60 will set the LevAMM fee at 1.5% (currently 1.3%), with the donation rate being about 1.2% of the pool value per year (currently about 5%). The above simulations only include arbitrage exchanges and do not account for regular trading and liquidation.
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