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Golden DeFi Daily | Sushiswap will conduct a $14 million SUSHI token repurchase tomorrow.



DeFi Data

1. The total market value of DeFi: 15.679 billion US dollars

The rise and fall of the top ten currencies by market capitalization, Jinse Finance Chart, data source CoinGecko

2. Trading volume on decentralized exchanges in the past 24 hours: $1.1 billion

Data source of top ten DEXs by trading volume: Debank

3. The total amount of loans on DeFi lending platforms: 1.56 billion US dollars

Golden Evening News | List of important news on the evening of November 16: 12:00-21:00 Keywords: LTC, Ethereum 2.0, Value DeFi attack, Bitcoin network

1. FATF plans to regulate P2P cryptocurrency trading platforms.

2. A victim of the Value DeFi attack received $50,000 in stablecoins sent by hackers.

3. Vitalik: Ethereum already has scalability after phase 1, and rollup is a kind of computing sharding.

4. The second phase of Ethereum 2.0 may be put on hold.

5. The central bank of Kyrgyzstan is drafting a law to regulate the cryptocurrency industry.

6. The Bitcoin network is expected to increase the difficulty by 4.84% to 17.60T in the early morning of November 17.

7. The total lock-up volume of the current DeFi protocol is 16.06 billion US dollars.

8. The listing of the US$3 billion digital bond "LBFEB21" with CCB serving as the issuance consultant will be postponed.

9. LTC bucked the trend and rose by more than 5% within a day. Li Qiwei's tweet sparked speculation of "fund entry". [2020/11/16 20:59:32]

Jinse Finance mining data broadcast | BSV’s network computing power dropped by 6.69% today: Jinse Finance reported that according to the data of the spider mining pool:

The computing power of the BTC network is 115.312EH/s, the mining difficulty is 15.78T, the current block height is 636802, and the theoretical income is 0.00000812/T/day.

The computing power of the entire ETH network is 188.565TH/s, the mining difficulty is 2402.28T, the current block height is 10357557, and the theoretical income is 0.00840294/100MH/day.

The BSV network computing power is 1.826EH/s, the mining difficulty is 0.29T, the current block height is 641407, and the theoretical income is 0.00049281/T/day.

The BCH network computing power is 2.920EH/s, the mining difficulty is 0.40T, the current block height is 641634, and the theoretical income is 0.00030824/T/day. [2020/6/29]

Borrowing ratio of DeFi lending platform, Jinse Finance Chart, data source: Debank

4. Assets locked in DeFi: $8.72 billion

Jinse Finance Market Report | BTC continues to fluctuate downward, and the short-term downward trend has shown: According to the Huobi market, BTC continues to fluctuate today, and its decline accelerated after 16:00. The lowest reached 9246USDT. The current price is hovering at the key support level in the 9300USDT range. Looking at the daily line, the moving averages MA5 and MA10 both fell below, and the rising wedge was destroyed. In the 4-hour chart, 4 K-lines closed down in a row, and local short positions were strong. In the 1-hour chart, the bulls organized a counterattack around 9250USDT, but the short-term forces have not yet been exhausted, and the short-term downward trend has begun. As of 18:30, the specific performance of the mainstream coins on the Huobi platform is as follows: [2020/5/21]

Top 10 DeFi Projects Locked Assets Ranking and Locked Volume, Data Source: Defi Pulse

Countdown to BTC Halving | Golden Finance Mining Earnings Report: According to Jinse Finance, according to data from the OKEx mining pool, the next BTC halving date is expected to be May 13, 2020, and there are still 27 days left before today. The current block height of BTC is 626027, and the block height of the next halving will be 630000.

Today's network computing power is about 115.67EH/s, the network difficulty is about 14.72T, and the next difficulty is predicted to be 15.97T (8.55%). There are still 6 days left before the adjustment. Today's BTC income: 0.00001709BTC/T/day. [2020/4/15]

5. DeFi mining list

For more DeFi mining lists, click >>>

1. Sushiswap

1) The Sushiswap vote has passed, and a $14 million SUSHI token repurchase will be carried out tomorrow

SushiChef just tweeted that the Sushiswap community governance voting threshold proposal was passed with an average of more than 300,000 votes, establishing a temporary voting threshold. This means that the SUSHI repurchase of USD 14 million will take place in the SUSHI/ETH fund pool at 9:00-10:00 on September 15th, Beijing time. According to previous news, the $14 million is the token funds returned by the anonymous founder of SushiSwap. The community has voted on how to dispose of this fund, and 75% of the votes support the use of all returned ETH to buy back SUSHI from the market. Once the minimum number of votes passed by the interim guidelines reaches 560,000, then the proposal will be implemented.

2) Sushiswap multi-signature witness announced the term plan: sell SUSHI reserves within 72 hours and resign on December 15

On the morning of September 14th, Cinneamhain Venutres partner and Sushiswap multi-signature witness Adam Cochran posted 21 consecutive tweets, announcing his tenure plan as a Sushiswap multi-signature witness. The specific contents are as follows: 1. The last SUSHI reserve will be sold in the next 72 hours. Adam Cochran stated that his SUSHI holdings have never exceeded 0.5% of his investment portfolio, and he is not a giant SUSHI whale as the outside world thinks. 2. Stop putting the community into suggestions. There is already a core management team, and whether the multi-signature witness's suggestion is consistent with the community's suggestion will cause confusion to the public. 3. No longer publicly express opinions on any proposals from the community. (Privately you can ask questions). 4. No governance content-zce related to announcements will be added to Discord, which will be left to the core team. 5. Will continue to maintain help.sushidocs unofficial resources to help users. 6. Will refuse to receive any compensation from SUSHI or users due to Sushiswap’s multi-signature witness status, and refuse to assume any form of core role. 7. Set the term of the Sushiswap multi-signature witness to expire in 3 months, that is, to resign on December 15, 2020. After that date, the community should vote for a new person to succeed.


bZx official: The stolen funds have been returned

The official Twitter of the decentralized lending platform bZx just announced that 4,700 ETH stolen due to contract loopholes on September 13 have been returned.

3. SUN

SUN community: will increase and maintain the TRX staking mining pool of SUN

It is reported that the SUN community officially announced to increase and maintain the TRX pledged mining pool of SUN. Justin Sun commented that SUN is Yu’e Bao on TRON. At 23:00 on September 16, 2020 (Hong Kong time), after the official mining of SUN, in addition to LP liquidity mining, TRX pledge mining will continue for 14 days. At that time, all TRX creation pledge users, No need to withdraw, follow the official designated migration process, you can click "one-click migration" on the official website, you don't need to release the pledge to continue to enjoy high returns, deposit and withdraw at any time. The output of the new pledge mining pool is 10,000 SUN per day.


UMA will distribute tokens to governance voters to compensate Gas loss

RiskLabs, the development agency of the synthetic asset platform UMA, announced the launch of a Gas compensation plan for governance voting, which will be distributed in the form of UMA tokens. Due to the high cost of transactions (Gas) on the Ethereum chain, in order to encourage more people to participate in chain governance, RiskLabs decided to award 0.05% of the total token inflation to any voter who voted correctly. The rewarded UMA will be issued along with the weekly liquidity mining rewards, retrospectively from August 29th, including the vote to approve renBTC as collateral and the price resolution vote for the yUSD-SEP token. In addition, this activity has not been written into the agreement, so RiskLabs may amend this incentive in the future.


dForce: 30,000 DF will be provided for MoonSwap's liquidity incentive pool

As of 21:00 on September 13th, 89% of the UNI V2 LP Token that provides liquidity for DF-ETH in UniSwap has been pledged in MoonSwap. dForce will provide 30,000 DF for the MoonSwap incentive pool. After MoonSwap Genesis Mining ends, 30,000 DF will be sent to users who pledge LP Token on MoonSwap according to the weight of DF UNI V2 LP Token.


Vernacular version "What is Polkadot"

What is Polkadot and how is it different from existing blockchains? What is its purpose? Which chains to compete with? This post explains all of this in a high-level way - no technical expertise is required other than.

Golden DeFi Daily | Synthetix Launches the Optimistic Testnet of Ethereum’s Layer 2 Expansion Solution

1. The total market value of DeFi: 13.55 billion US dollars The rise and fall of the top ten currencies by market capitalization, charted by Jinse Finance.

9.25 morning market: Bitcoin rose nearly 5% in a single day, three reasons contributed to the rise

The last time Bitcoin was up close to 5% in a single day was in early August, when it was heading towards $12,000. Yesterday, Bitcoin rushed from around $10,200 to above $10.

Golden DeFi Daily | Sushiswap will conduct a $14 million SUSHI token repurchase tomorrow.

DeFi Data 1. The total market value of DeFi: 15.679 billion US dollars The rise and fall of the top ten currencies by market capitalization, Jinse Finance Chart.

9.26 night family trip: Grasp the rhythm and get on the car after disagreement.

The article is contributed by Biquan Beiming, the columnist of Jinse Finance and Economics, and his remarks only represent his personal views.

The Present and Future of DeFi Lending

This article will briefly introduce the main products of DeFi lending business, and on this basis.