DeFi Daily News,August 14th, 2020

1. At 8 o’clock on August 14th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 1152.81 points, an increase of 3.08% in the past 24 hours, with a turnover of 68.195 billion US dollars, an increase of 16.95% from the previous 24 hours. Among the tokens, 71 rose and 29 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies in the broader market, reported 985.49 points, up 3.35% in the past 24 hours, with a turnover of 52.395 billion US dollars, an increase of 18.30% over the previous 24 hours; Bitcoin bubble The index (BBI Index) reported 76.10 points, up 0.81% in the past 24 hours; USDT OTC Index (USDT OTC Index) reported 98.62 points, down 1.06% in the past 24 hours. Since yesterday, ETH has once again led the rise and hit a new high, which has driven BTC and other mainstream currencies to rise.

2. Yesterday, there was a bug in Yam during intraday trading. Defi currency sentiment fell for a while, but it pulled back again in the evening, and even ETH returned to the leading position again. ETH’s network transaction fees have risen all the way recently. Although yesterday’s gains were insufficient, Defi is not dead, and ETH still hopes to continue to rise.

3. Broadly speaking, liquidity mining refers to DeFi users interacting with a certain protocol, and then obtaining the native token of the protocol as a reward. When designing a liquid mining plan, the most important step is to determine the exact goal of the plan. The following are some general goals:

a. Incentivize long-term, sticky liquidity.

b. Attract a lot of hot money to create momentum and increase product visibility.

c. Distribute tokens without 1CO, decentralize the governance of the protocol.

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