DeFi Daily News,December 3rd, 2020

ONEROOT
2 min readDec 3, 2020

1. Low volumes are keeping the bitcoin market in the $19,000 neighborhood; option traders expect a high ether price in December but aren’t so convinced about next year. Bitcoin (BTC) trading around $19,110 as of 21:10 UTC (4:10 p.m. ET). Gaining 0.60% over the previous 24 hours, which trading range was between $18,360 and $19,357.

2. According to the ChainNews, Yearn.finance (YFI) founder Andre Cronje and Keep3r Network founder Andre Cronje announced that they will use the oracle project Chainlink to expand Keep3r, which means that Keep3r nodes (external personnel and or teams performing work, namely Keeper) will be upgraded to Chainlink node to improve security performance. After that, Chainlink nodes will also be able to start running more and more Keeper jobs, and finally form a network that achieves high security performance through Keeper and reliability and resistance to Sybil attacks through Chainlink.

3. The CertiK security technical team said that the DeFi project Compounder.Finance suffered an internal operation attack and lost approximately 80 million yuan in tokens. CertiK found that the owner of the Compounder.Finance project transferred the tokens to his designated address through multiple transactions by calling the inCaseTokenGetStuck() function in the address 0x0b283b107f70d23250f882fbfe7216c38abbd7ca. These transactions are internal operations of the owner of the Compounder.Finance project, transferring large amounts of tokens to their own accounts. Compounder.Finance (CP3R) was created by an anonymous developer and claimed to imitate the strategy pools of Harvest Finance and yearn.finance. The upper limit of the token CP3R is 1 million. Among them, 80% is allocated to liquidity providers and 20% is allocated to the team.

English:

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

Instagram: @onerootnetwork

Youtube: @OneRoot Project

Chinese:

Telegram-cn/Weibo

Official QQ group: 6644849O

Official WeChat account: oneroot_admin

--

--