| Filecoin is expected to launch the mainnet before 23:00; Grayscale’s Q3 capital inflow is as high as $1.05 billion

Odaily资深作者

2020-10-15 08:13 (UTC+8)

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YFI founder Andre Cronje issued a document saying that a new token model has been designed and a liquidity token LBI has been issued.

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YFI founder Andre Cronje issued a document saying that a new token model has been designed and a liquidity token LBI has been issued.

headlines

Filecoin is expected to launch the mainnet before 23:00 tonight

The Filscout website shows that the current Filecoin block height is 147136, and there are still 1752 blocks before the mainnet upgrade (block height 148888). The network is producing blocks steadily, with an average block time of 30 seconds. According to this calculation, if there is no unexpected situation, Filecoin will reach the target height between 10:00 and 11:00 tonight and start the main network.

Grayscale's 2020 Q3 financial report: the capital inflow of all its products reached 1.05 billion US dollars
On Oct. 14, digital asset manager Grayscale Investments (Greyscale) reported its best quarterly results to date. In its third-quarter 2020 financial report, Grayscale said it had inflows of $1.05 billion across all products. So far this year, the figure stands at $2.4 billion, more than double the total raised between 2013-2019.

Li Wensen, the former director of the Central Bank's Monetary, Gold and Silver Bureau, appeared at the third quarter financial data press conference in his new capacity as the new chief of staff and spokesperson of the People's Bank of China. Before becoming the head of the Monetary and Financial Services Bureau, Levinson worked in various branches of the central bank for many years. In early August, Zhou Xuedong, former director of the general office of the People's Bank of China and spokesperson, officially took up the post of member of the Party Committee of China Development Bank, and Li Wensen assumed his new post in September. Zhou Xuedong said last year that whether it is a legal currency or a virtual currency that has emerged in recent years, there is a consensus that it must be subject to supervision, such as anti-money laundering, anti-terrorist financing, and information protection. (The Paper)

digital currency

Andre Cronje launches LBI token to eliminate arbitrage losses and generate transaction fees

YFI founder Andre Cronje wrote that inspired by agreements such as Ampleforth, Yam Finance, Uniswap and Synthetix, he designed a new token model and issued a liquidity token LBI to eliminate arbitrage losses through liquidity governance. There are two goals to be achieved by this project, namely generating as much transaction fees as possible and eliminating arbitrage losses as much as possible. To achieve goal 1, it is necessary to create an automatic arbitrage platform. The new liquidity token LBI is similar to Uniwap's bonding curve (K is a constant), but there is no way to burn it. Any liquidity used to mint tokens is automatically provided to Uniswap trading pairs. To achieve goal 2, liquidity providers need to be adequately incentivized through standard liquidity incentive mechanisms. The goal of this design is not to focus exclusively on the value of the token, but to focus on the volatility of the token, and the system will prompt liquidity providers to generate income through a large number of transactions.

Cronje concluded by stating that these contracts are for research purposes only and may not be used for other purposes.

Community criticizes Uniswap's first governance proposal initiated by Dharma may bring too much power to it

Uniswap is currently undergoing its first governance vote, submitted by open-source lending protocol Dharma. But some community members worry that if the proposal succeeds, Dharma will have too much control over the future direction of Uniswap. It is reported that the proposal will end voting on October 19, and it is proposed to reduce the threshold for token management and the number of participants. Dharma proposes to lower the threshold for initiating voting from 10 million UNI to 3 million UNI, and lower the minimum number of votes to pass the vote from 40 million UNI to 30 million UNI. According to community member David Felton, Dharma already has considerable voting power, controlling 15 million UNI at just one address. Even if the proposal does not pass, this poses a threat to Uniswap's sovereignty. (Cointelegraph)

New Proposal for the Community Version of TON: Destroy 92% of the tokens on the mainnet, and ERC20-TON will be mapped with the mainnet 1:1

The community version of TON launched a new proposal: destroy 92% of the tokens of the community version of the TON main network, and ERC20-TON will be mapped with the main network 1:1. This means that the part allocated to TON DAO and mining in the original white paper is canceled (80%), and the team and airdrop part are merged into the ERC20-TON part. The maximum supply of TONToken will also be limited to 400 million pieces, and the number of ERC20-TON and native TON will be equal. (TON Chinese Community)

Ethereum software engineer proposes a new language for the Ethereum ecosystem, Fe

Ethereum Foundation software engineer Christoph Burgdorf proposed a new smart contract development language for Ethereum called Fe (pronounced fee), which was originally a rewrite of the Vyper compiler (in Rust) to solve Consensys' " Issues highlighted from Vyper Security Review. While the original goal was to use the alternative Vyper compiler, due to syntax differences in the language, it was decided to use a new name for clarity, and Fe was born.

Synthetix launches the second phase of the Optimistic test for the second-layer scaling solution of Ethereum

Synthetix, a synthetic asset platform, announced that it has launched the second phase of testing Optimistic Ethereum, the second-tier scaling solution of Ethereum. During this phase, Synthetix and Optimistic will attempt to migrate from layer 1 (L1) to layer 2 (L2) and expand the number of users who can participate.

IOTA is working on sharding, launching Coordicide in the next few months
Today, several leaders of IOTA, including co-founders David Sonstebo, Dominik Schiener and Serguei Popov, announced information about the Coordicide plan in the community AMA. Coordicide will definitely be launched in the coming months, Popov said, adding that it will only be released after all stress tests have been passed and the product review is ready.

Meanwhile, IOTA Senior Researcher William Sanders said that sharding is part of IOTA 3.0 and is still being researched. IOTA is very confident that it can and will answer these questions. In any case, IOTA works with established mechanisms for sharding. IOTA will have 100% sharding in the future, and is currently considering enabling a second-layer scaling solution before IOTA 3.0 is completed. (U. Today)

Bitcoin ABC announced the launch of Bitcoin ABC version 0.22.4. This release includes various changes to RPC and CLI parameters, as well as fixes to wallet balances, token selection, logging, and Gitian builds.

Blockchain industry

Xiongan is still testing the digital renminbi on a small scale, and Starbucks has not yet connected

Recently, the digital renminbi was officially unveiled in Shenzhen. In addition to Shenzhen, Suzhou, Xiongan, and Chengdu are also pilot areas for digital renminbi. Through on-the-spot investigations in Xiong’an New District, it was found that, on the whole, the digital renminbi of Xiong’an is still being tested on a small scale and in a small range. expect. At the same time, the Xiongan digital renminbi pilot is mainly based on the offline promotion of banks. It has been rumored that foreign-funded enterprises such as Starbucks do not support digital renminbi payments for the time being, but the scope of the test is still mainly in the catering industry. (21st Century Business Herald)

Ant Group signed a strategic cooperation with the Hangzhou Municipal Government to accelerate digital technology innovation such as blockchain

This morning, the Hangzhou Municipal Government signed a strategic cooperation framework agreement with Ant Technology Group Co., Ltd. Jing Xiandong, chairman of Ant Group, said that taking this signing as a new starting point, Ant Group will step up efforts to recruit top global talents to start businesses and innovate in Hangzhou; speed up the construction of global headquarters to gather the global financial technology ecology for Hangzhou; Scientific and technological innovation of digital technology represented by artificial intelligence and artificial intelligence; full support for Hangzhou to become a pioneer area of technology application, and add a lot of color to new digital life and new services. (Financial Association)

Hangzhou Asian Games will use blockchain technology to help ticket authenticity verification

On October 14, the main ticketing operator signing conference for the 19th Asian Games and the 4th Asian Para Games in Hangzhou in 2022 was held in Hangzhou. The official ticketing website for the Hangzhou Asian Games will launch tickets for public sale in 2021. The ticketing official website will combine blockchain technology to realize all tickets on the chain, so that the digitization of ticketing operations can effectively solve the problem of counterfeit tickets and achieve authenticity verification. (Hangzhou Net)

Crypto Analytics Firm Chainalysis Doubles Revenue in Q3

Crypto analytics firm Chainalysis says its client base is growing at a rate of 65% annually due to increased public sector demand for its investigative technology. The company also said it doubled its quarterly revenue in the July-September period. (Finance Magnates)

Coinbase Chief Compliance Officer Jeff Horowitz to Leave

Cryptocurrency exchange Coinbase announced in an email to employees late Tuesday that its chief compliance officer, Jeff Horowitz, is leaving. It is reported that Horowitz has worked for companies such as Lehman Brothers and Citigroup, and he joined Coinbase in 2018. As the company's first chief compliance officer, he was instrumental in developing Coinbase's anti-money laundering policies and complying with Financial Action Task Force recommendations. He was also instrumental in getting JPMorgan to become the cryptocurrency exchange’s banking partner, according to sources. (The Block)

Ministry of Industry and Information Technology: Accelerate the integration and innovation of blockchain and other technologies in the field of industrial Internet + safety production

Investment and Financing

Wirex completes £3.7 million crowdfunding ahead of schedule, with nearly 7,000 investors participating

Cryptocurrency payment platform Wirex has completed a £3.7 million crowdfunding campaign launched on Crowdcube 15 days ahead of schedule, 370% higher than the original goal, and received the support of nearly 7,000 investors. The funds raised will be used to expand its product offering and launch 5 new cryptocurrencies on its platform in Eastern European countries. The company will also use the new funds to launch a multi-currency Mastercard, upgrade its rewards program and expand into the U.S. and Japan. The company hopes the move will help it reach its goal of having 10 million customers by the end of 2021. Wirex is said to be currently valued at £125 million, with more than 3 million customers in 130 countries around the world using its multi-currency card to store and pay using fiat and cryptocurrencies. (Altfi)

global policy

Ministry of Industry and Information Technology: Accelerate the integration and innovation of blockchain and other technologies in the field of industrial Internet + safety production

The Ministry of Industry and Information Technology and the Ministry of Emergency Management issued the "Industrial Internet + Safe Production" Action Plan (2021-2023). The plan pointed out that it is necessary to promote technological innovation and application innovation, accelerate the integration, innovation, promotion and application of new generation information technologies such as the Internet, big data, artificial intelligence, and blockchain in the field of "Industrial Internet + Safety Production", and explore new ways of safety production management , Promote the transformation of on-site inspections to online and offline combined inspections, and the transformation from one-time inspections to continuous monitoring, and improve administrative management efficiency.

Chairman of the US CFTC: The DeFi concept is revolutionary, and I don’t want to see offshore exchanges that flout US laws

Heath Tarbert, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said on Wednesday: "The whole idea of DeFi is first and foremost revolutionary. I think it may eventually lead to a large-scale disintermediation of the financial system and traditional players. It may even be to some extent. systemic risk because our financial system is not concentrated in these large, systemically important institutions globally."

Heath Tarbert also explained why he accused the encryption exchange BitMEX. He said: "Our desire is to create an environment where innovators in digital asset trading can grow in the United States, they can go to places like the CFTC to obtain licenses, and they can benefit from our regulatory system. We don't want to see to offshore exchanges that are effectively flouting U.S. law.” (CoinDesk)

The Central Bank of Russia has proposed setting limits on annual cryptocurrency investments by non-professional investors. It recommends that such investors invest no more than 600,000 Russian rubles ($7,800) per year in digital assets. The central bank made the new proposal in an explanatory note, citing Russia’s newly adopted crypto regulation On Digital Financial Assets (DFA). The official statement states that the new regulatory restrictions will not only concern digital financial assets, but also “other digital rights.” (Cointelegraph)