DeFi Daily News，August 10th, 2020
1.Bitcoin is on the hunt for a new yearly high, having crossed above $12,000 early on Monday.
2. The DeFi boom peaked in july, bringing DeFi’s market value in the cryptocurrency industry to $4.4 billion, as the world moves further towards distributed finance. During the same period, the number of visits to Uniswap increased from 90,000 to a record 1.4 million, with bright prospects for the future.
3. Balancer (Decentralized Exchange in DeFi Ecology (DEX), using the constant mean income function as pricing model) as one of the income aggregation channels embedded in the YFI (year.finance project governance assets) platform, perfect presentation DeFi Lego features with YFI. Specific liquidity mining steps: first, in the Curve ypools by providing assets to obtain yCRV; The second step is to deposit 98% yCRV and 2% YFI on the Balancer in exchange for BPT, and to get BAL incentives; Last one is putting BPT on the yearn management page to earn YFI.
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