DeFi Daily News,December 16th, 2020

2 min readDec 16, 2020

1. Bitcoin has been able to hold above $19,000 as it has for the past several days. Meanwhile, the ether options market on Deribit has dipped in December although a block trade strategy in the $600-$800 price range has developed. Bitcoin (BTC) trading around $19,510 as of 21:00 UTC (4 p.m. ET). Gaining 1.6% over the previous 24 hours, which trading range was between $19,053 and $19,555.

2. According to BlockBeats news, on December 16, Bonfida, a decentralized trading platform, announced that it had received USD 4.5 million in seed round financing. This round of financing was led by CMS Holdings, with companies such as Sino Global, Three Arrows Capital, Spartan Group and Genesis Block Ventures. Participate. Bonfida is built on the open-source Serum transaction protocol based on the Solana blockchain.

3. According to the ChainNews, DeFi automatic mining platform Harvest Finance announced that it has burned 100,000 GRAIN tokens at block height 11455282. Up to now, out of a total of 30,938,628.224 GRAIN tokens, 600,366.098 GRAIN tokens (accounting for 1.9405%) Was destroyed.

4. DeFi Revenue Aggregation Protocol Pickle Finance announced on Twitter the latest development of two “new tokens for compensation for attack losses, CORN”. First, because the Stabilize Protocol, a decentralized stablecoin protocol, was previously omitted from the initial distribution, 132,900 CORNs have been purchased and returned to it; another development is that Larry the Cucumber, the co-founder of Pickle Finance, has already purchased 2 % Of the development funds PICKLE was transferred to Treasury to assist pDAI users.


Telegram-en/ONEROOT network/R1 protocol/Reddit/Twitter/Medium/Linkedin/Facebook/Github

Instagram: @onerootnetwork

Youtube: @OneRoot Project



Official QQ group: 6644849O

Official WeChat account: oneroot_admin