How is the "air exchange for BTC" on the Binance Smart Chain realized?
Editor's Note: This article comes fromGyro Finance, published with permission.
, published with permission.
On the afternoon of January 14th, Shenyu issued a warning in the circle and suggested that those borrowing and lending on Binance BSC's venus should retreat quickly. The pool issued currency mortgages to borrow a large amount of big money, and there may be a sharp drop in prices, and there are big money, etc. The hidden danger that value coins cannot be returned.
Venus is Binance’s new decentralized stablecoin system. Binance CEO Changpeng Zhao said that “Venus” can be seen as a hybrid of MakerDAO and Compound. But the operation of Venus launching Can this time is really a bit magical, and there are still many doubts in it. Let's sort out the timeline of this event first.
Timeline - Venus Events
8 a.m. - Public sale
At 8 o'clock in the morning on January 14th, CAN conducted a public sale of 100 million tokens on Swipe Wallet, with the price of a single token at $0.02.
8:30 - Venus launches Can
At 8:36 in the morning, Venus tweeted on its official Twitter, saying that Venus will be launched and support Can tokens.
11:30 - token price skyrockets
At 11:38 p.m., Can listed Uniswap, SushiSwap and 1inch, and then the price of the token was increased by more than 17 times, reaching $0.35.
Afternoon-Bitcoin was borrowed short on Venus
As of press time, high-value tokens such as Bitcoin, Ethereum, USDC, USDT, and BUSD on Venus have almost been borrowed.
at last
at last
Another point worth noting is that 800 million Can tokens have been privately raised. These 800 million tokens cannot be sold within one year, but can be allowed to conduct other decentralized financial operations other than sales. Therefore, it is inferred that the 150 million Can tokens mortgaged into Venus are likely to come from private equity parties.
After the incident, He Yi said: "I'm already chasing him, and I'm still on BSC."
