The Need and Feasibility of the UN to Lead the Human Community in Creating a Digital Planet(031)
— An Open Letter to UN Secretary-General Guterres and Global Sages
7.1.4 Basic Structure
It is evident that the fictional story told by Famland is different from any other metaverse, Web3, or blockchain project in the current market. It is conceptualized from the perspective of human society, the earth, and the universe. The three major functions of FN solve the fundamental problem of “universal fairness.” This means that its benefits and value can benefit every person on earth and are fair to everyone. Moreover, it solves another core problem. Why should humans store their spiritual resources on FN, on the digital earth? Because FN is not only their “private territory,” but also because these three major functions can make new immigrants to the digital earth truly become creators, founders, and true owners of human society. Since FN is their territory and everything on the digital earth is built, provided, and presented by FN, where else can they store their spiritual resources, personal data, privacy, and information if not on FN?
At this stage, the most urgent demand of human society for FN is the discovery and creation of wealth. Therefore, its basic structure mainly revolves around the discovery and creation of wealth.
FN is a private territory with personal sovereignty. This personal sovereignty includes personal “wealth sovereignty.” The so-called “wealth sovereignty” means that “on the digital earth of Famland metaverse, everyone has the absolute power to extract and seize new wealth value on their private territory. No one can take away or deprive them of this power.” The first and foremost of these “new wealth values” is the native wealth value on the digital earth. The digital earth stores the spiritual resources of billions of people, which, like material resources, have wealth value. These wealth values are evenly distributed to each FN and are represented in the form of a digital stablecoin called YL(Token). Therefore, extracting YL from FN is the sacred and inviolable “wealth sovereignty” that every new immigrant to Famland metaverse has.
The basic structure of FN is to produce YL for each “farmer” using the concept of fields.
FN contains three types of fields, namely basic fields, original fields, and wild fields. All three types of fields can produce YL as long as someone “Farming” them. “Farming” refers to the need to pledge or invest a certain amount of funds into the liquidity pool according to the rules to activate the production of YL. The amount of YL produced depends on the size of the funds invested. Currently, in the blockchain economy, all automated market maker(AMM①) mechanisms operate according to this model. However, in FN, there is a limited amount of funds that can be invested, and one cannot increase their YL production by unlimitedly increasing their investment. The purpose is to maximize the maintenance of the spirit of “universal fairness.”
7.1.4.1 Basic Fields
Basic fields are the most central and the only cultivable type of field in FN. The main function of basic fields is to provide liquidity for AMM trading pools. AMM trading pools, also known as AMM capital pools or AMM liquidity pools, are capital pools that provide automated trading services based on smart contracts for market users.
By pledging assets worth 100–500 YL in value in the corresponding assets, the YL production function of the basic field can be activated. In the early stage when the value of YL has not stabilized yet, the market price of YL needs to be anchored to USDT. At this time, the corresponding assets are YL and USDT, which are allocated according to a 1:1 value ratio. In the later stage, when the value of YL stabilizes and the market price of YL is based on a benchmark price of “1,” YL will no longer be anchored to USDT. At this time, the corresponding assets are YL and other digital assets (including NFTs) allocated according to a 1:1 value ratio.
The cultivability of the basic field refers to the fact that the YL output of the basic field can be continuously increased under the same amount of pledged funds. Currently, the main way to increase YL output is to increase the fertility value and shared value of the basic field. Increasing fertility value is equivalent to increasing individual computing power, and increasing shared value is equivalent to increasing community computing power.
The corresponding assets pledged for the basic field are used to provide liquidity for the AMM trading pool. However, this pledged asset can be withdrawn at any time. Once the pledge is withdrawn, the production of YL will also stop. Since the pledge adopts the AMM mechanism, when the pledged asset is withdrawn, there may be “impermanent loss②” that may cause some asset losses. This is the only risk that the farmer has to bear in the process of producing YL in FN.
The YL production efficiency of the basic field is 200%. That is, pledging assets worth 100 YL in value is equivalent to pledging assets worth 200 YL in value in terms of production efficiency.
7.1.4.2 Original Fields
The main function of the original fields is to provide stability for the AMM liquidity pool in FN. The YL production function of the original fields is no longer activated by pledging assets, but by investing. A one-time investment will result in permanent benefits. The investment amount for the original fields is fixed at assets worth 1000 YL in value, and once invested, it cannot be withdrawn or revoked. This asset will remain in the AMM capital pool forever.
In the early stage, when the amount of funds in the AMM liquidity pool is still small, a slightly larger transaction may cause significant price fluctuations, leading to significant “impermanent losses.” To avoid this situation, it is necessary to increase the amount of funds in the AMM liquidity pool. This is usually referred to as having a thicker liquidity pool. Even if there is a larger transaction, the “impermanent loss” will not be too significant if the amount of funds in the liquidity pool is larger. The investment amount for the original fields, which cannot be withdrawn, will always be deposited in the liquidity pool, effectively thickening the liquidity pool.
The YL production efficiency of the original fields is 300%. That is, investing assets worth 100 YL in value is equivalent to pledging assets worth 300 YL in value in terms of production efficiency. Because the original fields have the highest YL production efficiency among the three types, they are usually used as an early reward mechanism or incentive mechanism.
In the later stage, when the amount of funds in the AMM liquidity pool is large enough, especially when the amount of funds in the stability pool is large enough, the function of the original fields in providing stability to the liquidity pool will gradually weaken or even disappear. At this time, whether the original fields should continue to exist can be decided by the Famland-DAO at that time.
7.1.4.3 Wild Fields
The main function of the wild fields is to provide more abundant liquidity for the AMM liquidity pool in FN. As we mentioned earlier, the larger the amount of funds in the AMM liquidity pool, the smaller the price fluctuations during transactions, and the smaller the “impermanent losses.” Therefore, AMMs usually encourage larger capital to enter. However, the biggest problem brought by the entry of large capital is the high returns and high risks.
High returns will inevitably break fairness. Why does the basic field in FN have an upper limit on the amount of pledged funds and cannot exceed 500 YL? This is because of “universal fairness.” If, like other AMM projects, large capital is encouraged to enter, and the capital side pledges 5 million YL on one FN, then the YL output of that FN will be 10,000 times higher than that of others. In this way, the rich get richer and the poor get poorer, and the wealth gap between people is no different from that in the real world. However, if capital is not allowed to enter in some way, the liquidity of the AMM capital pool will be insufficient in the early stage, resulting in too much “impermanent loss”, making it difficult for the entire Famland new economy to develop healthily.
The big risk is that it will greatly affect the stability of the flow pool. When large capital enters, the flow pool becomes thicker and more stable. However, once this large amount of capital is withdrawn, the liquidity pool instantly becomes thinner. Any small transaction will cause price fluctuations and impermanent losses.
The wild fields are set based on the above considerations. While maintaining and ensuring “universal fairness,” it provides a channel for capital as much as possible. The maximum pledging amount for the wild fields can reach 10,000 YL, but the YL production efficiency of the wild fields is 100%. Investing 10,000 YL is calculated as 10,000, without any additional efficiency bonus like the basic and original fields. In this way, FN provides a limited channel for market capital. Capital can obtain a certain return on investment here, while avoiding too much difference in YL returns between different FNs.
Because the main function of the wild fields is to provide liquidity for the AMM capital pool in the early stage, the necessity of the wild fields will gradually weaken or even disappear as the amount of funds in the AMM capital pool and the Famland stability pool increases in the later stage. Therefore, the wild fields should be a transitional type of field in the Famland new economy. Future decisions to cancel, how to cancel, or whether to change its function will be made by the Famland-DAO at that time.
It is obvious that the basic structure of FN mentioned above is mainly designed to reflect its wealth functions, including the “mining machine” function, “Yield Farming” function, and “money printing machine” function that people commonly refer to. The fundamental difference between this basic structure and other similar projects and products on the market lies in the “universal fairness” spirit embodied in this structure.
As for the construction and portal functions of FN, we have not yet considered what kind of extended structures are needed in FN. At this stage, the most fundamental focus and breakthrough point is the native wealth system of the digital earth. The construction and portal functions are more related to derivative wealth. For example, in the construction function, do we need to add a consortium attribute? For example, when multiple FNs are connected to build a digital object, will a new community attribute be formed in FN to reflect the principle of value sharing of this digital object? Or, in the portal function, do we need to add decentralized storage function to allow FN users to directly store their personal data, content, and information in FN? All of these can be decided by Famland-DAO at the appropriate time. After all, FN is a composite NFT, and reducing or adding certain elements to it in the future is technically feasible.
Understanding the function and structure of FN will provide a clearer logic for the entire Famland new economic framework.
The Famland new economic system built on the digital earth has YL, a stable universal token, which can also be understood as a decentralized stablecoin. The value of YL is supported by the native wealth of the digital earth. This means that YL cannot be issued at will and must strictly follow the issuance data. The issuance data is the digital presentation of the development and utilization status of the native wealth system in the digital earth. This digital presentation is built on the basis of the blockchain’s “algorithm trust.”
After YL is issued, it will be distributed fairly and promptly to each activated FN according to the distribution rules. FN not only has the function of producing YL value but also has its own cross-civilization new wealth value. These values have a nurturing nature and can be continuously improved in the later stage. The continuous improvement of FN value means that the issuance of YL will increase continuously.
In general, the continuous increase in the issuance of YL will inevitably lead to a decline in its price. However, the YL price cannot decline due to the series of stabilization mechanisms such as the “stability pool,” “incentive pool,” and “impermanent loss” in the Famland new economic system. If the YL price cannot decline, then the FN value linked to the YL price cannot decline either. This makes the native wealth value of the entire new economic system only increase and never decrease. Generally speaking, when the value of an economic system only increases and never decreases, an economic bubble will inevitably appear. However, in the Famland economic ecosystem, the increase in FN value is based on the “algorithm trust” of the blockchain, which cannot be faked, and therefore there is no economic bubble.
The native wealth value of the Famland new economic system only increases and never decreases, which is consistent with the fact that human spiritual resources on the digital earth only increase and never decrease. The function of the market to adjust commodity prices is mainly reflected in the later market transactions of spiritual-type commodities (NFTs). When the native wealth system has no bubbles and cannot produce an economic crisis, it means that the human spiritual resources that can be explored, developed, and applied in the digital earth are inexhaustible and inexhaustible. On this basis, a derivative wealth system with richer wealth creation effects can be created. Under the effect of the market value law, a huge amount of wealth can be created for the new economic system in a very short time.
This is the value logic of the infinite value and infinite prosperity of the Famland new economic system.
① AMM is a decentralized trading protocol that allows users to buy and sell digital assets without the need for a third-party intermediary. During the transaction process, AMMs can automatically execute the transaction price and match the order, and the specific transaction price is determined by the algorithm. For more information, please refer to: https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm.
②“Impermanent loss” refers to the temporary loss of funds for liquidity providers due to fluctuations in the trading pair. For more information, please refer to:
https://academy.binance.com/en/articles/impermanent-loss-explained.
(to be continued)
The English translation is mainly done by AI and is inevitably not accurate enough. Please refer to the original Chinese text below for a more accurate understanding.
7.1.4 基本结构
很显然,Famland所讲的虚构故事,跟现在市场上任何一家元宇宙项目、Web3项目、区块链项目都不一样。它是站在人类社会、站在地球、站在宇宙角度来思考和描述的。FN的三大功能,解决了一个“普惠性公平”的根本问题。就是说,它的利益和价值,可以惠及地球上每一个人,并对每一个人都是公平的。不仅如此,它还解决了另外一个核心问题。人类凭什么要将自己的精神资源储存在FN上,储存在数字地球上。因为,FN不仅是他自己的“私域领土”。更重要的是,这三大功能可以让数字地球的新移民,真正成为造物主、成为创世主、成为人类社会名副其实的主人。既然FN是我的领地,既然数字地球的一切都是FN构建、FN提供、FN呈现的。那么,我的精神资源,我的个人数据、个人隐私、个人信息,不放在我的FN上,还能放在哪里?
现阶段,人类社会对FN的最迫切诉求,还是财富的发掘和创造。因此,它的基本结构也主要围绕着财富的发掘和创造而进行。
FN是私域领土,也就是具备个人主权的土地。这种个人主权,就包含了个人“财富主权”。所谓“财富主权”,是指:“在Famland元宇宙的数字地球上,每个人都拥有在自己私域领土上开采和攫取新财富价值的绝对权力。任何人不能剥夺、也无法剥夺。”这里说的“新财富价值”,第一位的就是数字地球上的原生财富价值。数字地球上储存着亿万人的精神资源,精神资源与物质资源一样,都是具备财富价值的。这些财富价值平均分配给了每一块FN,并以YL这样一种数字稳定币的形式体现出来。于是,在FN中开采YL,就是Famland元宇宙中每个新移民与生俱来的、神圣不可侵犯的“财富主权”。
而FN的基本结构,就是以田地概念来为每一名“耕作者”产出YL。
FN中包含了三种不同的田地类型,分别是基本田、原始田和野田。这三类田只要有人“耕作”,就都可以产出YL。所谓“耕作”,就是需要按规则质押或投资一定的资金进入流动池,激活YL的产出。YL产出的多少,取决于资金投入量的大小。目前,区块链经济中,所有AMM(一种自动化做市商机制①)都是这种模式。但是,在FN中,资金投入量是有限额的,不可以无限增加投资来提升自己的YL产量。目的是最大化维护“普惠性公平”精神。
7.1.4.1 基本田
基本田是FN中最核心的田地类别,也是唯一具有养成性的类别。基本田的主要功能,是为AMM交易池提供流动性。AMM交易池,又称为AMM资金池、AMM流动池,是为市场用户提供基于智能合约自动交易服务的资金池。
在基本田中质押100–500YL价值的对应资产,即可激活基本田的YL产出功能。前期,当YL价值还没有稳定下来时,YL的市场价格需要锚定USDT。这个时期,对应资产就是按照1:1价值配置的YL和USDT。后期,当YL价值稳定了,YL的市场价格以基准价为“1”时,YL将不再锚定USDT。这个时期,对应资产就是按照1:1价值配置的YL和其它数字资产(包括NFT)。
基本田的养成性。是指在同等资金质押情况下,基本田的YL产量是可以不断提升的。目前,提升YL产量的主要途径,就是提升基本田的肥力值和共享值。肥力值提升,相当于个体算力提升。共享值提升,相当于社群算力提升。
基本田质押的对应资产,就是在为AMM交易池提供流动性。但这笔资产可以随时撤销。撤销质押后,YL的产出也将停止。由于质押采取的是AMM机制,质押资产在撤销质押时,有可能产生“无常损失”②,导致一部分资产损失。这是FN产出YL过程中,耕作者唯一要承担的风险。
基本田的YL产出效能为200%。即质押100YL价值的对应资产,相当于质押了200YL价值对应资产的产出效能。
7.1.4.2 原始田
原始田的主要功能,是在FN中为AMM流动池提供稳定性。
原始田激活YL的产出功能,对应资产不再是质押,而是投资。一次投资,永久受益。原始田的投资额固定为价值1000YL的对应资产,一旦投入,则无法再收回或撤销。这笔资产将永远留存在AMM资金池中。
前期,当AMM流动池的资金量还很小时,一笔资金量稍微大一点的交易,就可能引发较大价格波动,从而导致较大“无常损失”发生。为避免这种情况,需要让AMM流动池的资金量更多一些。也就是通常说的,流动池资金更厚一些。这样,即使是资金量更大一些的交易,“无常损失”也不会太大。原始田投资的资金,由于无法撤销会始终沉淀在流动池中,就等于增厚了流动池。
原始田的YL产出效能是300%。即投资了100YL价值的对应资产,相当于质押了300YL价值对应资产的产出效能。正因为原始田有着三种类别中最高的的YL产出效能,所以,通常是作为一种前期的奖励机制或激励机制出现的。
到了后期,当AMM流动池中资金量足够大,尤其是稳定池资金量足够大时。原始田对流动池提供稳定性的功能会慢慢减弱甚至消失。这时候,原始田是否还应该继续存在,可以由那时的Famland-DAO来决定。
7.1.4.3 野田
野田的主要功能,是在FN中为AMM流动池提供更充分的流动性。
前面我们说到过,AMM流动池的资金量越大,交易时产生价格的波动就越小,“无常损失”也会越小。为此,通常AMM都会鼓励大资本进入。但是,大资本进入带来的一个最大问题,就是大收益、大风险。
大收益就必然会打破公平性。为什么FN的基本田质押金额有上限,不得超过500YL。就是考虑到“普惠性公平”。如果像其他AMM项目那样,鼓励大资本进入,资本方在一块FN上质押500万YL的资金,那么,他那块FN的YL产量,就会高于其它人的1万倍。这样一来,富者愈富,穷者越穷。人与人之间的贫富悬殊,跟现实世界中就没什么两样了。可是,如果不让资本以某种方式进入,前期AMM资金池的流动性不足,无常损失过大,整个Famland新经济体就难以健康发展。
大风险就是会极大影响流动池的稳定性。大资本进入时,流动池变厚,稳定性较好。可是,这笔大资本一旦撤出,流动池瞬间变薄。任何一笔很小的交易都会引起价格波动、无常损失加大。
野田的设置,正是基于以上考虑。在维护和保障“普惠性公平”的前提下,尽可能给资本提供的一个通道。野田最高质押金可以达到10000YL。但是,野田的YL产出效能是100%。投资1万就按1万计算,不像基本田和原始田,有额外的效能加成。这样一来,FN就等于给市场资本提供了一条有限的通道。资本既可以在这里获得一定回报率的投资收益,同时,也不至于将不同FN之间的YL收益差距拉得过大。
正因为野田的功能,主要是为前期AMM资金池提供流动性。那么,到后期AMM中资金量越来越大,Famland稳定池中资金量也越来越大时,野田存在的必要性就会慢慢减弱、直至消失。所以,野田在Famland新经济体中,应该是个过渡性田地类别。未来什么时间取消,如何取消,或者,是不是更改其功能。都将由那个时期的Famland-DAO来决定。
很显然,上述FN的基本结构,主要是为了体现其财富功能。也就是人们通常说的“矿机”功能,“Yield Farming”功能,以及“印钞机”功能。与市场上其他类似项目和产品的最根本区别,就在于这种基本结构中体现出来的“普惠性公平”精神。
至于FN的构建功能和门户功能,在FN中的扩展结构有哪些,目前我们还没有去考虑。现阶段,最根本的关注点和突破口还是数字地球的原生财富体系。而构建功能和门户功能,与派生财富的相关性更高。比如,构建功能中,需不需要增加联合体属性。比如多块FN连接构建某一数字物体时,会不会在FN中形成新的社群属性,体现这一数字物体的价值共享原则。又比如门户功能中,需不需要增加去中心化储存功能。让FN用户可以直接将自己的个人数据、内容和信息储存在FN中。等等,这一切,都可以等到合适的时候,再由Famland — DAO来决定。在现有基本结构基础上,还将再增加一些什么元素(NFT),形成什么样的新结构。毕竟,FN是一种复合型NFT,日后需要减少那些元素、增加哪些元素,技术上都很好解决。
了解了FN的功能和结构,再理解整个Famland新经济体框架,会有一个更清晰的价值逻辑。
构建在数字地球上的Famland新经济体,YL是价格稳定的通用积分,也可以理解为去中心化数字稳定币。数字地球上的原生财富,支撑着YL的价值。这就意味着YL不可以随心所欲发行,必须严格依照发行数据发行。而发行数据就是数字地球中原生财富的开发和利用状态的数字化呈现。这种数字化呈现构建在区块链“算法信任”基础上。
YL发行出来后,将按照分配规则,公平地、及时地分配到每一块激活FN中。而FN不仅具备产出YL价值,其自身还具有跨文明新财富价值。这些价值都具有养成性,在后期可以不断提升。FN价值的不断提升就意味着YL的发行量不断增加。
在通常情况下,YL发行量的不断增发必然导致其价格下滑。然而,YL价格在“稳定池”、“激励池”,以及“无常滑点”等系列稳定机制作用下,又无法下滑。YL价格无法下滑,那么,与YL价格绑定的FN价值也就无法下滑。这就使得整个新经济体的原生财富价值部分只增不减。一般而言,经济体价值只增不减,经济泡沫也就必然出现。然而,在Famland经济生态中,FN的价值上涨建立在区块链“算法信任”基础上,无法作假、也就不存在泡沫。
Famland新经济体中,原生财富价值只增不减,与数字地球上人类精神资源只增不减是吻合的。市场对于商品价格的调剂功能,主要体现在后期精神型商品(NFT)的市场交易上。当原生财富体系没有泡沫、也不能产生经济危机后。就相当于数字地球上,已经勘探出来、可供开发和应用的人类精神资源已经取之不尽用之不绝了。在这个基础上,具有更加丰富财富创造效应的派生财富体系。在市场价值规律作用下,就可在极短时间内,为新经济体创造出巨大财富体量。
这就是无限价值、无限繁荣Famland新经济体的价值逻辑。
① AMM是一种去中心化交易协议,允许用户在不需要第三方中介的情况下买卖数字资产 。AMM在交易过程中,可以自动执行交易价和匹配订单。其交易价由算法来具体确定。更多了解,请参照:
https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm
② “无常损失”是指流动性提供者由于交易对的波动而暂时损失资金。更多了解,请参照:
https://academy.binance.com/en/articles/impermanent-loss-explained
(未完待续)