Block Weekly: ETH2.0 Staking is expected to open in November; PayPal allows the trading of cryptocurrencies
Keywords in this issue
Keywords in this issue
In the third quarter, Aave’s loan scale increased by 13 times, PayPal allowed users to buy and sell cryptocurrencies, the size of Grayscale’s assets exceeded US$7 billion, the total lock-up volume of DeFi exceeded US$15 billion, Ethereum 2.0 Staking is expected to start in November, and the highlights of Ethereum in 2021 Year of the Year, an overview of Polkadot's 9 popular DeFi, an interpretation of the next encryption boom NFT, and a DeFi investment guide.
1. Report: In the third quarter, the loan scale of MakerDAO and Aave increased by 5 times and 13 times respectively
On October 20th, Messari released the DeFi market report for the third quarter. The report pointed out that in the third quarter of this year, MakerDAO's loan scale continued to increase, from US$140 million to US$850 million, an increase of 529%. Aave's loan scale also increased from US$20 million to US$250 million, an increase of 1309%.
2. Payment giant PayPal will allow cryptocurrency buying, selling and shopping on its network
On October 21, the payment giant PayPal announced that in the next few weeks, it will allow US account holders to buy, sell and hold Bitcoin and other virtual currencies through its PayPal wallet. Starting in early 2021, PayPal customers will also be able to use cryptocurrencies to shop at 26 million merchants on its network. PayPal President and CEO Dan Schulman said in an interview: "PayPal hopes that this service will encourage the use of encrypted digital currency coins on a global scale and prepare for new digital currencies developed by central banks and enterprises."
3. The total scale of grayscale encrypted assets under management exceeded 7 billion US dollars
On October 22, the digital asset management company Grayscale Investments (Grayscale) announced that its total asset management scale exceeded US$7 billion, of which the value of Bitcoin trust positions was US$5.7988 billion, and the value of Ethereum trust positions was US$897.5 million.
4. Blockchain cloud service platform Ankr launches Ethereum 2.0 liquidity pledge DeFi protocol Stkr
On October 22, the blockchain cloud service platform Ankr (ANKR) announced the launch of the Ethereum 2.0 liquidity staking DeFi protocol Stkr, and introduced the Ethereum 2.0 staking liquidity solution Micropools into the agreement, so that small capital users can also Can participate in Ethereum 2.0 pledge and improve liquidity. For users with large funds, they can also pledge multiple ETH at one time without distributing their assets to multiple nodes. The way Stkr works is that if you put the ETH you hold into Stkr, you will get the same amount of synthetic asset aETH. Users can sell aETH on Ankr at any time without waiting for transactions to be enabled on Ethereum. In order to improve the liquidity of aETH, Ankr will open three trading pairs of ANKR/aETH, ETH/aETH, and ANKR/ETH on Uniswap.
5. The total lock-up volume of DeFi exceeded 15 billion US dollars for the first time, hitting a record high
On October 23, DeBank data showed that the total locked-up volume (TVL) of DeFi exceeded 15 billion US dollars for the first time, reaching 15.1 billion US dollars, a record high. The current real lock-up volume of DeFi is 9.68 billion US dollars, and the repetition rate is about 35.87%. The top five are Uniswap ($2.95 billion), Maker ($1.99 billion), WBTC ($1.43 billion), Aave ($1.25 billion) and Curve ($1.15 billion).
6. The Ethereum 2.0 deposit contract is expected to be launched in November
On October 24th, Danny Ryan, a researcher at the Ethereum Foundation, said that the Ethereum 2.0 deposit contract has to wait at least a few weeks and is expected to be launched in November. It explained that the deposit contract will not take effect until the key encryption library BLST is audited by the cryptography auditing company NCC Group. "This cryptographic library is critical to creating keys and signatures, which guarantee security, randomness, and accuracy during use.".
7. Data: The number of UTXO Bitcoin and Ethereum non-zero addresses in a profitable state has reached a record high
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1. 2021 is likely to be the "highlight year" of Ethereum
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2. Looking at Polkadot's 9 popular DeFi, who has more potential? Who could be the pit?
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3. Panoramic interpretation of NFT, the next crypto investment boom
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4. 9 basic principles, 8 precautions and 7 economic suggestions for participating in DeFi investment
Recently, the popularity of DeFi has decreased slightly. No matter from the price of DeFi tokens or the rate of return, it has fallen back compared to the heyday. But it would be an exaggeration to say that DeFi has entered a cold winter. I believe that the next wave of DeFi trends is gaining momentum. This article provides you with a systematic DeFi investment guide, hoping to make your DeFi investment road smoother
1. BarnBridge, a cross-platform tiered derivatives protocol, is popular online
On September 11, BarnBridge, a cross-platform hierarchical derivatives protocol, announced the completion of a $1 million seed round of financing, with participants including founders of top DeFi protocols such as Synthetix and Aave.
BarnBridge is a cross-platform hierarchical derivatives protocol that tokenizes product risk in batches using fixed yields and volatility. The project plans to launch a fixed-rate and floating-rate product "Smart Income Bond" based on Ethereum and guaranteed by DeFi income, and a derivative "Smart Alpha Bond" that can hedge against market price fluctuations of any ERC20 token.
On October 18, BarnBridge started liquidity mining, and within 12 hours after the start, the total locked position reached 148 million US dollars. Users can start withdrawing income at 8 o'clock on October 26, and the incentive activity will last for 100 weeks. According to the latest news on October 26, the total lock-up volume of BarnBridge has exceeded 210 million US dollars. In fact, BarnBridge has not yet launched a practical product. In the case of no product landing, more than 200 million US dollars of assets have been locked, which shows the enthusiasm of the market.
As an innovative product, it will always be sought after by the market at the beginning, but its product has not been verified, and there are still uncertainties.
1. DADA, a decentralized one-stop investment advisory platform, has received strategic investment from digital financial group DFG
On October 19th, DADA, a decentralized one-stop robo-advisory platform, received strategic financing from Digital Finance Group (DFG).
DADA has established a convenient decentralized robo-advisory platform for users. Product features include bridging multiple digital assets, providing insurance mechanisms, and DeFi aggregators. The operating mechanism of DADA is governance through DADA tokens. DADA holders can vote for upcoming projects. Investors and partners include IOSG Ventures and Cluster Capital.
2. The prediction market Polymarket completed a financing of 4 million US dollars, led by Polychain Capital
News on October 21, according to Forbes, Polymarket, an AMM-based forecasting market, completed a $4 million financing led by Polychain Capital, Silicon Valley investor Naval Ravikant, Coinbase CTO Balaji Srinivasan, Meltem Demirors, 1confirmation, ParaFi, Jack Herrick, Kal Vepuri, Aave founder Stani Kulechov, Synthetix founder Kain Warwick, Samir Vasavada, Marc Bhargava and Calvin Liu participated in the investment.
Polymarket will be launching the second phase of the Beta release and is currently finalizing the details. The release will allow unlimited free transactions to be performed instantly, and will also improve the experience for non-crypto users, with support for in-app debit and credit card deposits, and seamless email login and registration. Polymarket is an informational marketplace platform where speculators can profitably bet on controversial topics, including COVID-19, politics and more. In June of this year, Polymarket launched a public beta version.
3. O(1) Labs completed a strategic financing of US$10.9 million, led by Bixin Capital and Three Arrows Capital
On October 21st, O(1) Labs announced the completion of strategic financing of US$10.9 million to accelerate the development of its lightweight blockchain protocol Mina (formerly Coda Protocol) in Asia. Bixin Capital and Three Arrows Capital led the investment. In the round of financing, SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital and IOSG Ventures also participated in the investment.
Kyle Davies, founder of Three Arrows Capital, said, "Mina proposes an elegant, lightweight, layer-based blockchain solution that solves the cryptographic trilemma of decentralization, scale, and security."
4. The public chain CasperLabs raised 14 million US dollars through token private placement, and the main network plans to launch in the first quarter of next year
On October 22, the public chain project CasperLabs (CLX) announced the completion of a $14 million token private placement, with a view to launching the Casper mainnet in the first quarter of 2021. The investment was led by Digital Strategies, ZB.com/ZB Global , Gate.io, Consensus Capital, Cluster Capital, HashKey Capital, AU21 Capital, Blockchange Ventures, GSR, QCP/QSN, RockTree Capital, Stake.Fish, Chain Capital, Sora Capital and dozens of institutions and individuals participated in the investment.
The Casper Delta testnet will go live this month and will be the final testnet. The Casper Network mainnet will be launched in the first quarter of 2021, and a public sale of Casper's native tokens will be held at the same time. CasperLabs is building an open-source blockchain platform based on the CBC Casper proof-of-stake mechanism, launching an incentivized testnet in April this year.
5. Pool Together completed a seed expansion round of financing of more than US$1 million and launched the v3 version
On October 23, Pool Together announced that it has completed a seed expansion round of more than $1 million led by ParaFi Capital. Participating parties include Robot Ventures, OpenLaw’s The LAO and MetaCartel DAO, and angel investor Synthetix’s Kain Warwick and Aave CEO Stani Kulechov.
At the same time, Pool Together launched a new version v3, which supports more types of ERC-20 tokens, more revenue sources and more bonus distribution schemes. Among them, the newly added PoolToether Build function, similar to developer tools, allows users to customize and create new bonus pools and set reward strategies by themselves. v3 will transition to decentralization and the new prize pool will no longer be controlled by the PoolTogether team
6. The main network of the decentralized streaming media platform Audius was officially launched, and the latest financing received a total of 9.8 million US dollars
On October 24th, the main network of the decentralized streaming media platform Audius has been officially launched. Audius stated in the progress of the project that it will provide the top 10,000 artists and fans with AUDIO tokens worth $50 million or 5% of the initial supply through the exclusive $AUDIOdrop for use on the Audius platform.
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.
