DeFi Daily News,December 8th, 2020

1.“Weak longs” might be causing the price to slip in the bitcoin market but ether locked in DeFi is back on the upswing. Bitcoin (BTC) trading around $19,067 as of 21:00 UTC (4 p.m. ET). Slipping 0.68% over the previous 24 hours, which trading range was between $18,923 and $19,433.

2. According to the ChainNews, Unisave, a decentralized exchange and DeFi liquidity aggregator, announced that it will launch liquidity mining at 19:00 on December 8th. The first batch of USDC/DAI stablecoin pools will be supported, and 2,000 tokens will be released in 49 days. Unisave is jointly incubated by the Y3D community and the YFII community, and has been running stably on BSC for several months, and has cooperated with dForce and ForTube. The Ethereum version of Unisave has the same contract code and address as the BSC version. Previously, Y3D Pool1 and Pool2 were closed on December 5, and a total of 3,000 Y3D tokens were released in three months, and the P3D rate of Pool1 was lifted through community voting.

3. On December 8, the DeFi project Money on Chain of the Bitcoin side chain RSK announced that it will launch a liquidity mining plan, with its token MoC as a liquidity mining reward. MoC token is a new type of asset in the Money on Chain ecosystem, which will be distributed among all users of BPro. BPro is a new type of token minted with BTC pledged by Money on Chain, which can introduce BTC into DeFi. Once MoC tokens are generated, 14,000 tokens will be airdropped to bitcoin holders every day. MoC holders will be able to participate in the governance of the capital chain agreement.

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