DeFi Daily News,December 4th, 2020

2 min readDec 4, 2020


1. The price of bitcoin is trending up in a low-volume environment. Meanwhile, some rebalancing from bitcoin into ether has been occurring on exchanges since late November. Bitcoin (BTC) trading around $19,363 as of 21:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours, which trading range was between $18,809 and $19,607.

2. According to the ChainNews, DeFi lending platform Aave announced the launch of the V2 version of the mainnet, adding income and collateral exchange functions, collateral repayment functions (directly use collateral payments to settle the collateral repayments of their loan positions), and lightning liquidation Function, batch lightning loan function (allowing developers to perform lightning loan with multiple assets in the same transaction), local credit authorization function (borrowers using credit authorization can be institutions, enterprises, NGOs, and cryptocurrency exchanges ), gas optimization solution (reducing protocol transaction costs by up to 50%), debt tokenization function (making local credit delegation in the Aave protocol possible and allowing borrowers to manage their debt positions from cold wallets), fixed and floating borrowing Interest rate function, in addition, the V2 version also adds multiple access channels, including Argent, Zapper, Zerion, imToken, and DeFi Saver.

3. Data from the Tokenview block explorer shows that in November, Tether printed about 2.42 billion USDT in new money, of which about 1.32 billion were printed on Ethereum and about 1.1 billion were printed on the TRON chain. In terms of issuance, the additional USDT has flowed into 6 exchanges in total, ranked Bitfinex (1.12 billion), Binance (127 million), Nexo (13 million), Huobi (5.742 million), and Poloniex (100,000 pieces). The current total market value of USDT has exceeded US$19 billion.


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