DeFi Daily News,December 22nd, 2020

2 min readDec 22, 2020


1. After the past week’s record bitcoin volume for 2020, the price dipped on lower volume. Meanwhile, November’s dip in ether assets locked in DeFi can at least partially be attributed to the Ethereum network’s ambitious 2.0 upgrade. Bitcoin (BTC) trading around $22,843 as of 21:00 UTC (4 p.m. ET). Slipping 5.3% over the previous 24 hours, which trading range was between $21,960-$24,081.

2. According to the ChainNews, the synthetic asset issuance platform Synthetix is currently deploying the Shaula upgrade. This version includes three upgrades and improvements to SIP-97 (multi-collateral loans), SIP-100 (resolver and cache improvements), and SIP-103 (sUSD shorting). Among them, In SIP-97, users are allowed to borrow Synths by mortgage ETH and ERC-20 tokens. In addition, the upgrade takes about 20 hours. During this period, users may not be able to interact with the system, including the application Mintr in the agreement, the derivatives trading platform Kwenta or Synthetix.Exchange, and the transaction or transfer of SNX and Synths.

3. Huobi DeFi Labs announced the establishment of a “Heco Fund” with a capital scale of US$200 million to support the development of the Huobi Open Platform and Huobi Eco-chain projects and promote the prosperity of the Huobi ecosystem. Soon, the Heco Ecological Fund will focus on high-quality projects in the Huobi Eco-Chain such as DEX, lending, oracles, cross-chain solutions, stable currency exchange, and insurance. The head of Huobi DeFi Labs said: “Since the Huobi Eco-Chain testnet went live on December 10, many developers have been attracted to the test. At 20:00 on December 21, the Huobi Eco-Chain mainnet will be officially launched. Focus on high-quality projects and develop investment and support plans.”


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