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, data source CoinGecko

2. Trading volume on decentralized exchanges in the last 24 hours: $642 million

Golden Evening News | List of important news on the evening of July 16: 12:00-21:00 Keywords: digital renminbi, central bank, Hong Kong Securities Regulatory Commission, Zhangjiang Science City, supervision

1. Data: The fifth round of Kusama slot auction has locked over 300,000 KSM

2. Central Bank: Digital RMB can be programmed through smart contracts

3. Hong Kong Securities Regulatory Commission: None of Binance’s entities has been licensed or registered

4. Fan Yifei: China Merchants Bank has recently been approved to join the research and development of digital renminbi

5. Binance was warned by the central bank of Lithuania for providing derivatives in Lithuania

6. Korean Congressman: In the first half of this year, more than 200 cryptocurrencies were delisted from 20 exchanges in South Korea

7. The central bank: There are more than 10,000 types of cryptocurrencies, and there are potential risks that threaten financial security and social stability

8. Zhangjiang Science City: Promote the deep integration of blockchain and modern manufacturing, business finance and other fields

9. Central Bank: In accordance with the national "14th Five-Year Plan" plan, we will continue to steadily promote the pilot research and development of digital renminbi [2021/7/16 0:58:21]

Top 10 DEX by trading volume Source: Debank

Jinse Finance Market Report｜BTC fluctuated within a narrow range, and local market was weak: According to Huobi market, BTC fluctuated slightly and fell today, with the lowest reaching 9092USDT, and local market was weak. The price on the daily chart returned to the 9130USDT range platform, and the MA30 third line pointed downward. In 4 hours, it is in a state of falling wedge-shaped gaining momentum, but its historical market is easy to break through upwards. The 1-hour chart has repeatedly dipped and rebounded, and the bulls may counterattack. As of 10:00, the specific performance of the mainstream coins on the Huobi platform is as follows. [2020/7/1]

3. The total amount of loans on DeFi lending platforms: 2.15 billion US dollars

DeFi lending platform borrowing ratio, Jinse Financial Mapping, data source: Debank

Golden Relativity | Huang Lianjin, member of the ACM Practitioner Board of the United States: Blockchain supervision should promote advantages and eliminate disadvantages: In this issue of Golden Relativity, Huang Lianjin, a member of the American ACM Practitioner Board, said that the government strongly supports blockchain technology. But the current policy for cryptocurrencies is prohibitive. In particular the properties of the currency for which it is prohibited and the means of financing with cryptocurrencies. The main purpose is to prevent financial risks. It is recommended that the following two factors should be taken into account in regulation: 1. It is difficult to completely ban cryptocurrencies, and some projects may go underground or go overseas, making it more difficult to supervise, tax, price, and liquidate, and cannot effectively protect investors; 2. Financing tools can greatly improve financing efficiency. Excellent projects can easily obtain the support of investors from all over the world, but if they are used by bad people, they can cause great financial risks. So how to use this tool well is a problem that supervision must solve. We need to have such regulatory regulations, so that MLM coins, air coins, dare not use cryptocurrency as a tool. [2018/8/31]

4. Assets locked in DeFi: $10.03 billion

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

1. Serum

Serum completed the first platform currency SRM repurchase and destruction, and a total of 196,592 SRMs were destroyed

The decentralized exchange Serum has completed the first repurchase and destruction of the platform currency SRM. This time, a total of 196,592 SRMs were destroyed, worth 401,047 US dollars.

2. SashimiSwap

SashimiSwap dual mining function has been launched

SashimiSwap officially announced that the new dual-mining function has been launched. In addition, the SashimiSwap 2.0 version will provide users with continuous incentives, including flash transaction fee income, income from lending idle liquidity, and giving users the opportunity to profit from other protocols.

3. Uniswap

Uniswap’s latest code submission shows that users can access the Uniswap website through the gateway of the Interstellar File System IPFS

Uniswap's latest code submission shows that users can access the Uniswap website through the gateway of the Interstellar File System IPFS. The code submitter stated that it is possible to avoid the problem of other sites accessed through the same IPFS gateway reading and modifying the Uniswap interface settings without permission by using a subdomain IPFS gateway or using an alias to access the latest version of Uniswap.

4. Synthetix

Synthetix Launches the Optimistic Testnet for the Layer 2 Expansion Solution of Ethereum

Synthetix launched the Optimistic testnet of the Ethereum layer-2 expansion solution, which means that users can conduct fast transactions on the layer-2 network. The test function will be available to stakers with 1 to 2,500 SNX. synthetixDAO will provide 50,000 SNX every week as a staking reward for participating in the testnet. The rewards will last for 4 weeks in total.

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