DeFi Daily News,February 11st, 2021

1. Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before. Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours, which trading range was between $43,948-$48,226.

2. According to BlockBeats news, on February 11, according to the official news of Mask Network, the governance token MASK will be launched, with a total of 100 million genesis tokens. However, the official reminder that MASK tokens are not yet available for trading on any platform. According to the official introduction, the governance of the Mask Network ecosystem is carried out by MaskDAO, which is composed of Mask token holders. It is the ultimate decision maker for all matters related to MASK, including participation in determining the parameters and use of funds in the reserve. MASK token holders need to pledge their tokens to the proposal contract during the voting period before voting. The voting period usually ranges from 1 hour to 3 days. During the voting period, only MASKs locked in governance 7 days before the proposal voting meeting can be used to vote.

3. According to the ChainNews, DeFi Derivatives Protocol Perpetual Protocol (PERP) has officially opened trading mining. All handling fees of the user during the transaction will be refunded by 110% in the form of PERP based on the user’s weekly transaction behavior. The transaction mining project will run for two weeks in the form of a test, with 150,000 PERPs per week, and then gradually decreasing. The perpetual agreement is an on-chain derivatives platform invested by institutions such as Binance Labs, Multicoin Capital, Three Arrows, Alameda Reasearch, etc. The trading volume of the platform has exceeded 1.4 billion U.S. dollars since its launch two months ago.

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