SUSHI is about to undergo liquidity migration; the circulation of Bitcoin-anchored coins exceeds 70,000
Keywords of this issue:
Keywords of this issue:Binance Smart Chain goes online, Polkadot enters the top five, MetaMask launches mobile terminal, FTX founder takes over SushiSwap, Bitcoin anchors more than 70,000 coins, SushiSwap is about to migrate, fair launch impacts VC, resumption of liquidity mining boom, SushiSwap may make DEX move towards closure and NFT.
According to news on September 1, Binance Smart Chain mainnet was officially launched. Binance Smart Chain will operate as a parallel chain of Binance Chain, realizing functions such as smart contract creation and BNB pledge mining, and supports individuals and institutions to collect BNB entrustment And become the verification node of this new blockchain. Binance Smart Chain is a smart contract blockchain with Ethereum Virtual Machine (EVM) programmability. As a blockchain running in parallel with Binance Chain, Binance Smart Chain retains the former's high execution speed and low transaction fees Features, while adding smart contract functionality to support compatible decentralized applications (DApps).
2. The market value of Polkadot surpassed Chainlink, ranking fifth in the market value list
According to CoinMarketCap data on September 3, Polkadot (DOT) ranked fifth in the market capitalization rankings with a market capitalization of US$5.271 billion, surpassing Chainlink (LINK).
3. Binance launched the Token Canal function to support one-stop deposit, withdrawal and conversion services for anchored coins
On September 4th, Binance launched the Token Canal function, which will run on the Binance Smart Chain, aiming to support more convenient one-stop deposit, withdrawal and conversion services of the same anchor currency. Binance stated that Token Canal is a new initiative, similar to the "anchor currency" supported.
4. MetaMask officially launched the mobile version of MetaMask Mobile, which supports iOS and Android, and can use Apple Pay and debit cards to purchase ETH
On September 4th, MetaMask officially launched the mobile version MetaMask Mobile, which currently supports iOS and Android versions. The mobile version of MetaMask is a native cryptocurrency wallet that allows users to interact with various dApps through a series of applications or by entering the URL address of the dApp in the built-in browser. Additionally, MetaMask Mobile supports the direct purchase of Ethereum using Apple Pay, debit cards, or other payment methods (depending on the country).
5. The founder of FTX updates the progress of SushiSwap: the migration code has been completed, and multi-signature voting is about to begin
On the evening of September 7th, FTX founder Sam Bankman Fried updated SushiSwap's latest work progress on Twitter. SushiSwap's migration code is complete, and if no serious bugs are found, it takes 1 hour to launch, which means it still takes 49 hours before the migration. SBF also stated that the multi-signature witness voting will start soon.
6. Data: The issuance of Bitcoin-anchored coins on the Ethereum chain exceeded 70,000 pieces
According to the news on September 8, according to DeBank data, the circulation of Bitcoin-anchored coins on the Ethereum chain has exceeded 70,000, reaching 72,080. Included in the statistics include WBTC, renBTC, sBTC, imBTC, HBTC, BTC++, pBTC and tBTC. Among them, WBTC has the highest share, with a current circulation of 46,421, accounting for 64.40%, followed by renBTC, with a circulation of 16,534, accounting for 22.94%.
7. Data: Boosted by the liquidity mining boom, in August more than 40% of the mining income of Ethereum miners came from transaction fees
According to data from The Block Research on September 8, the revenue of Ethereum miners in August was US$285.1 million, a month-on-month increase of 98.2%, a 25-month high. In August, driven by the boom in liquid mining, Ethereum transaction fees increased significantly, and the proportion of transaction fees in the total income of miners reached an all-time high, exceeding 40.5% of total income, while the proportion in May was only 10%.
Recently, the DeFi heat wave has continued, and strange people and strange things are happening in the industry every day. Just like what Nassim Nicholas Taleb said, you can only experience the impact of this new wave if you "Skin in the game" And the pattern changes, mainstream coins have been replaced by "non-mainstream coins" on the list, and magic realism is staged in the currency circle again and again. This article tells the story of how we traced a large investor in this wave of DeFi according to the data on the chain, and quickly grabbed a profit of 5 million US dollars in just 5 days.
This article is an interview with PM Lu Yuanyuan, product manager of MathWallet. As an early participant in the industry, Lao Lu has been paying attention to the most cutting-edge projects in the industry, and he is also an early researcher in the circle of NFT (Non-fungible Token). In the DeFi market, how is NFT developing? Can it take over DeFi and become the next industry direction? This article will take you to understand Lao Lu's views on NFT.
3. "Fair launch" makes encrypted VCs shit, really? (Click on the picture to go directly)
The birth of YFI shocked the entire encryption field. The birth of YFI can be understood so simply: a founder created an encryption project, the founder did not take shares, and the project did not receive financing from VC. In four weeks, the YFI token skyrocketed from nothing to over $30,000, with a total valuation of over $1 billion. YFI is owned by its community of users, and at the time of the initial distribution of YFI tokens, all have a "fair" chance to acquire the tokens.
From sushi, we can find that DEX has no moat at all, and the hard-earned industry advantages may be completely taken away within a few days. This will cause DEX to spend a lot of energy fighting for liquidity, because it may be subverted at any time, which will force DEX to iterate quickly. But because it can be easily reused, no amount of innovation can escape the fate of fork, which may force DEX to no longer open fork authorization. This would be a blow to the open spirit of DeFi.
1. SushiSwap was taken over, and liquidity migration is about to take place
On September 5, Chef Nomi, the anonymous founder of SushiSwap, dumped all the SUSHI tokens in his wallet, about 2.56 million, which caused shock in the community. Subsequent Chef Nomi tweeted that it was transferring project control to FTX founder and Serum consultant Sam Bankman-Fried, and transferring Timelock (Timelock) management control. After taking over, Sam updated the progress of SushiSwap on Twitter, saying that 9 multi-signature members will be elected by the community to jointly manage SushiSwap, and the migration will also proceed as planned.
SBF said that for the development of SUSHI, SBF agreed to reduce the supply of SUSHI and lock in some SUSHI rewards. Next, it will cooperate with Compound and Aave to create margin transactions on SushiSwap. And intend to create a SushiSwap branch in Serum.
2. The Curve fork project Swerve, the lock-up volume exceeded 400 million US dollars in three days
On September 5th, the Curve fork project Swerve was launched. Swerve adopts fair token distribution, no pre-mining and private placement, and is completely owned by the community. Swerve will issue 6-year rewards for the governance token SWRV with a total supply of 33 million.
In order to incentivize growth, Swerve will provide more SWRV rewards in the first two weeks, approximately 9 million SWRV token rewards, as much as the SWRV token rewards provided in the first year. According to DeBank data, the total lock-up volume of Swerve has reached 419 million US dollars in the three days since its launch, while the total lock-up volume of Curve has fallen back to around 1 billion US dollars.
3. The total amount of bounce token BOT has been reduced to 220,000, and 9 governance managers have been announced
bounce.finance is an auction tool that can be used for token swaps. Bounce adopts a transaction mining model to motivate users. On the 13th, the staking mechanism of the platform currency BOT was launched, and users participating in staking can share the dividends of platform transaction fees.
On August 16, bounce.finance adjusted the token distribution model, reducing the total amount of BOT from 500,000 to 220,000, and launched an on-chain governance system on September 4, pledged BOT tokens to participate in governance, and announced 9 governance Managers, including Kain Warwick, founder of Synthetix, Stani Kulechov, founder of Aave, Calvin Liu, Chief Strategy Officer of Compound, George Lambeth, Chief Strategy Officer of Balancer, 1inch Nikita Ovchinnik and other well-known institutions and capital parties.
According to news on September 1, DAOfi, a decentralized exchange focused on DAO community tokens initiated by Web3 Journal founder Andrew Lee, completed a $6 million private placement round of financing. DAOfi is a scalable decentralized exchange managed by DAO (Decentralized Autonomous Organization). The main user scenario is the community.
2. Cozy Finance, a DeFi risk management tool development company, was launched and received $2 million in financing from Dragonfly Capital and others
On September 4th, Cozy Finance, a company that develops risk management software for DeFi, was officially launched and received $2 million in financing. Investors include Electric Capital, Variant Fund, Dragonfly Capital, Robot Ventures, Slow Ventures, Synthetix founder Kain Warwick , Spencer Noon, Blockfolio founder Ed Moncada, Valt Capital, etc.
The founders of Cozy Finance are former Decentraland product leader and well-known blockchain blogger Tony Sheng and Payom Dousti. Payom Dousti is the CEO. Before that, he had created a digital collection market product Rare Bits.
3. LN Markets, a lightning network-based trading platform, completed its seed round of financing, with investors including Bitfinex and other companies
According to the BTC Times report on September 8, LN Markets, a derivatives trading platform based on the Bitcoin Lightning Network, announced the completion of a seed round of financing, with investors including Bitfinex, Fulgur Ventures and Arcane Crypto.
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.
