Blocker Weekly: What Liquidity Mining Brings to DeFi; Huobi Establishes a DeFi Lab
2020.8.4 Issue 31
Key words of this issue: Coinbase releases the currency listing evaluation, MakerDAO raises the debt limit to 568 million, Huobi establishes a DeFi laboratory, dForce starts liquidity mining, Grayscale manages assets exceeding 5 billion US dollars, and Bitcoin anchor coins exceed 20,000 Coins, PlusToken principal offenders were all arrested, Ethereum 2.0.
According to news on July 29, the asset management scale of Grayscale Investments, an encrypted asset management company, has now exceeded US$5.1 billion, a record high. Among them, the asset management scale of Bitcoin Trust is 4.31 billion US dollars.
2. The total circulation of Bitcoin-anchored coins on the Ethereum chain exceeded 20,000, an increase of nearly 70% this month
On July 29, Debank data showed that the total issuance of Bitcoin-anchored coins on the Ethereum chain had exceeded 20,000, and the total lock-up amount was close to 220 million US dollars. A total of 20,086 Bitcoin-anchored coins have been issued. nearly 70% increase. Among them, WBTC has the highest share, with a current circulation of 15,521, accounting for 77.5%, followed by rebBTC, with a circulation of 1848 (9.2%).
3. All 27 main criminals of PlusToken were arrested and brought to justice, involving more than 40 billion yuan
On July 30, according to a report by the Financial Associated Press, according to the unified command and deployment of the Ministry of Public Security, the public security agency filed a case to investigate the "PlusToken Platform" network pyramid scheme, and successively arrested all 27 major criminal suspects who fled abroad and 82 key members of the case. Being arrested and brought to justice has completely destroyed this large transnational network MLM organization entrenched at home and abroad. This case is the first online MLM case detected by the public security agency using bitcoin and other digital currencies as a trading medium. It involves more than 2 million participants, with more than 3,000 hierarchical relationships, and the total value of digital currencies involved exceeds 40 billion yuan.
On July 31st, MakerDAO announced that the debt ceilings of ETH, USDC, WBTC and BAT have all been raised. The current global debt ceiling has been raised from 386 million DAI to 568 million DAI.
5. Coinbase evaluates the possibility of listing 19 tokens including CRV, UMA, BAL, KAVA, and BAND
On July 31, the cryptocurrency exchange Coinbase stated that it is evaluating the listing of Ampleforth (AMPL), Band Protocol (BAND), Balancer (BAL), Blockstack (STX), Curve (CRV) FetchAi, Flexacoin (FLEX), Helium ( HNT), Hedera Hashgraph (HBAR), Kava, Melon (MLN), Ocean Protocol (OCEAN), Paxos Gold, Reserve Rights (RSR), tBTC, The Graph, THETA, UMA, WBTC, the possibility of 19 tokens.
6. Russian President Vladimir Putin signed a bill: recognizing the legal status of cryptocurrencies as assets, but prohibiting cryptocurrencies as a means of payment
On August 1, according to the local Russian media RIA, Russian President Vladimir Putin signed a bill on digital financial assets that regulates digital assets and cryptocurrencies. Although it gives cryptocurrencies the legal status of assets and will legalize digital asset transactions, But the country will be banned from using cryptocurrencies as a means of payment.
7. The number of participating verification nodes in the Ethereum 2.0 test network has reached the original requirements
According to news on August 1, more than 560,000 Ethereum have been sent to the Ethereum 2.0 test network for pledge, which has reached the number of verification nodes required by the multi-client test network Medalla 16384.
8. Huobi established a DeFi lab, led by Huobi Chief Investment Officer Sharlyn Wu
On August 3, Huobi announced the establishment of DeFi Lab, which will focus on DeFi (decentralized finance) research, investment, incubation, and ecological construction. It also plans to cooperate with the global encryption field and the DeFi community in the future. A better financial system. At the beginning of its establishment, the team will consist of four professional research and investment personnel. The DeFi Lab will focus on three major areas: 1. Research on underlying financial theory and technology; 2. Investment and incubation of DeFi projects; 3. High-quality DeFi projects Together, serve Huobi users and the entire ecosystem.
9. The first phase of dForce liquidity mining launched three fund pools, which will last until August 24
On August 3rd, the decentralized financial protocol dForce announced the launch of the first phase of the liquidity mining program, launching three pools: Champagne Tower Pool (dToken), Gold Pool (GOLDx and USDx) and Singularity Pool (DF and USDx). The dForce protocol will distribute the protocol's native token DF to addresses that provide liquidity. The first phase of liquidity mining will last from August 3rd to August 24th. dForce plans to introduce incentive schemes for different protocol combinations in different stages. Liquidity mining is still in the experimental stage, and is still summing up experience and exploring the optimal incentive scheme.
1. IOSG: What does liquidity mining bring to the DeFi ecosystem?
DeFi's transaction volume has been growing significantly in 2019, and when it entered 2020, its total locked positions experienced the first sharp exponential growth period. With the recent recovery of the market trend, the innovation of early DeFi projects has sprung up. We believe that the main driving force for the faster implementation of DeFi is the concept called liquidity mining. In this article, we provide a quick overview of liquidity mining in DeFi, then delve into the reasons behind its rapid adoption and forecast its prospects.
Since June, DeFi has become more and more popular. It is not an exaggeration to say that the summer of 2020 is the summer of DeFi. So the question is, is DeFi overheating? Is it too late to get in now? If we compare DeFi projects with other encryption projects, we will find that the market value of DeFi projects is not very high. Even if it is said that the DeFi project has a bubble, if its bubble is compared with that of other projects, is it big or small?
3. What are the advantages of the rapid DeFi transaction aggregator? How to capture value?
The decentralized transaction aggregator, which was not valued by venture capital institutions at one time, is gradually becoming another decentralized financial (DeFi) application that is popular in the market after decentralized exchanges, lending platforms and oracles . Because with the increase in the number of DEXs, liquidity is dispersed to various agreements or capital pools, resulting in an increase in the comprehensive transaction cost of users, and the emergence of aggregators can not only significantly optimize transaction costs, but also improve user experience.
4. Ethereum 2.0 is online, and the handling fee of DeFi may still be very expensive!
Due to the rapid development of DeFi, Ethereum has become very congested, and the high fees make it impossible for most people to use it. As a solution, Ethereum 2.0 is highly anticipated. But can Ethereum 2.0 really reduce the cost of using DeFi? This article discusses this issue and concludes that Ethereum 2.0 may not be able to solve the DeFi fee problem.
1. BCH three-year-old review: the past of Bitcoin expansion, a "war" related to faith
In the eleven-year development history of Bitcoin, if we have to sort out some decisive events, then the BTC hard fork event that occurred on August 1, 2017 is definitely the first crossroad encountered on the way forward for Bitcoin. It is the focus of the key points and has a profound impact on the development of Bitcoin. The past August 1st was the third anniversary of the BTC fork and the third anniversary of the BCH, so as to review the beginning and end of the Bitcoin fork.
2. The fifth anniversary of Ethereum: Awakening from Nirvana
When the blockchain once again entered the general public's field of vision and received unprecedented attention from technology giants, Ethereum has become a giant ship that cannot be ignored in the blockchain field. July 30, 2020 is not only the fifth anniversary of Ethereum, but also the expected one: a few days later, the test network of Ethereum 2.0 will be officially launched, marking that Ethereum is one step away from the world's computers. stride.
Key content: The average daily trading volume of the nine major exchanges rose sharply by 162.51%; the cumulative turnover rate of the top ten digital assets rose by 47.17%; the USDT premium rate rebounded, and the willingness of funds to enter the market increased; the basis spread increased and the volume increased, and the market remained bullish in the long run ; All kinds of risk assets generally rose, with gold and Bitcoin leading the way.
According to news on July 29, TransferWise, a British financial technology company that provides cross-border remittance services, completed a financing of US$319 million. After the financing, the company's valuation will reach US$5 billion. The round was led by new investor D1 Capital Partners and existing investor Lone Pine Capital.
TransferWise is a London-based cross-border remittance company co-founded in 2011 by Taavet Hinrikus and Kristo Käärmann.
2. Blockchain infrastructure service provider HashQuark completes A round of equity financing, led by Qiming Venture Partners
On July 29, HashQuark, a blockchain infrastructure service provider, announced the completion of its A-round equity financing, led by leading venture capital firm Qiming Venture Partners. Other investors include Fenbushi Capital, HashKey Capital, Hash Global, imToken Ventures and SNZ.
From the end of 2018, HashQuark began to lay out and develop the blockchain infrastructure business. It has a globally deployed infrastructure and an all-weather Staking ecological network, providing users and institutional investors with stable, safe and convenient blockchain infrastructure services. Now Support more than 30 mainstream underlying chains. At the same time, HashQuark proposed the concept of "Staking + Ecological Service Provider", which aims to provide high-quality PoS projects with industry resources and ecological value other than technology.
3. Injective Protocol raises $2.6 million in seed round
According to news on July 29, the team behind Injective Protocol, a decentralized derivatives exchange, raised $2.6 million in a seed round led by Pantera Capital. The team behind it has previously said it expects to launch on mainnet in the third or fourth quarter of 2020, and will also issue its own dedicated token around that time.
4. DeFi exchange Serum completed a $20 million private placement round of financing in three days
According to news on July 30, Serum, a Solana-based DeFi exchange, announced the completion of a private placement round of financing, with a total financing of approximately US$20 million in three days. All private financing rounds will be unlocked linearly from the second year of launch, and will be unlocked in the seventh year. According to Serum, a number of institutions including Multicoin Capital and Sino Global Capital participated in Serum’s private placement round. The Serum ecological token SRM is expected to be launched on other exchanges in August this year.
5. Audius, a decentralized audio streaming platform, completed a $3.1 million Series A financing, led by Multicoin Capital
According to news on July 31, Audius, a decentralized audio streaming platform, has completed a $3.1 million Series A round of financing led by Multicoin Capital and Blockchange Ventures partners. Other investors include Pantera Capital, Collab+Currency and Coinbase Ventures.
Audius is a decentralized, censorship-resistant audio streaming platform that has been online for nearly a year and has hundreds of thousands of monthly active users.
6. AltFINS, a digital asset trading platform, raised more than 1 million euros, led by CB Investment Management
AltFINS, a Slovak digital asset trading platform, announced the completion of a round of financing with a financing amount of more than 1 million euros, led by asset management company CB Investment Management.
Founded in 2018, AltFINS' platform focuses on pre- and post-trade analysis rather than trade execution.
7. The space adventure game "Infinite Fleet" raised $3.1 million through STO and investor investment
On August 3, according to Coindesk, the space adventure game "Infinite Fleet" developed by the game company Pixelmatic (Digital Cube) raised $3.1 million through STO.
This round of financing will be divided into two parts. The first part is $2.75 million raised through the Simple Agreement for Future Tokens (SAFT), led by Litecoin founder Li Qiwei, Blockstream CEO Adam Back, Heisenberg Capital founder Max Keiser and others , and the remaining $250,000 came from investors on investment platform BnkToTheFuture.
Disclaimer: The Blockchain Institute is organized based on public information and does not represent the position of the Blockchain Institute (official account), nor does it constitute any investment opinion or suggestion.
"BLOCKER WEEKLY" is a cutting-edge reading of the blockchain industry carefully crafted by the Blockchain Research Institute. It selects a week's hot spots and cutting-edge views for blockchain enthusiasts. If you have good comments and suggestions, please leave a message in the comments below.
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Disclaimer: The Blockchain Institute is organized based on public information and does not represent the position of the Blockchain Institute (official account), nor does it constitute any investment opinion or suggestion.
