DeFi Daily News，August 7th, 2020
1.Bitcoin prices surged 5% on Wednesday, outpacing stocks and gold amid calls for more government stimulus, as the economic toll of the coronavirus mounts.
2. Chain news, Borderless Capital announced investment StakerDAO and cooperation with it, based on the Algorand ecosystem, accelerate the decentralization of financial products layout. The first financial product of StakerDAO — -Blend (BLND) will be released on the Algorand and plans to launch more DeFi products in the next few months. BLND is now online as an ERC-20 synthetic token in CoinList, will launch its Algorand standard asset (ASA) token.
3. Smart contracts are written in software, not in writing. The developer can code directly on the block chain, so the “intelligent contract” can transfer the value directly according to the “contract” agreed by the relevant party, that is, the contract is executed automatically. In addition, the existence of intelligent contracts means that the protection and debate of contracts no longer need expensive legal links, which will effectively reduce the cost of interpretation.
Telegram-en/ONEROOT network/R1 protocol/Reddit/Twitter/Medium/Linkedin/Facebook/Github
Youtube: @OneRoot Project
Official QQ group: 6644849O
Official WeChat account: oneroot_admin