DeFi Daily News,February 3rd, 2021

1. Bitcoin reversed several days of sideways trading to head higher, ether broke $1,500 for the first time and DeFi’s ecosystem has a record amount of value locked in dollar terms. Bitcoin (BTC) trading around $35,824 as of 21:00 UTC (4 p.m. ET). Gaining 6% over the previous 24 hours, which trading range was between $33,459-$35,824.

2. According to The Block report, Manta Network, a privacy-focused DeFi protocol, completed a seed round of $1.1 million. Polychain Capital led the investment. Other investors include Hypersphere Ventures, Three Arrows Capital, Defiance Capital, Multicoin Capital, and Alameda Research. Manta Network is expected to participate in Polkadot’s parachain auction activities, and the main network is expected to be launched in the third quarter of this year.

3. According to BlockBeats news, on February 3, according to Snapshot information, Yearn Finance’s previous community vote on “Newly Minted 6,666 YFIs” showed that it had passed with a high number of votes. According to the content of the proposal, about one-third of the newly minted YFI will be allocated to core contributors; the remaining two-thirds will be allocated to the Ministry of Finance and used for various purposes, such as liquidity mining, pledge rewards, and so on.


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