DeFi Daily News,November 18th, 2020

Nov 18, 2020


1. Spot volumes and futures open interest pushed bitcoin’s price up Tuesday, beating ether’s performance so far this month. Bitcoin (BTC) trading around $17,688 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours, which trading range was between $16,560 and $17,862.

2. According to the ChainNews, the DeFi fixed interest rate generation protocol 88mph (MPH) announced the launch of its 14-day liquidity mining plan. Users who provide MPH/ETH liquidity on Uniswap can earn MPH rewards. 88mph will award a total of 88,000 MPHs. As of now, MPH has offered 8.72 US dollars. On November 16, 88mph was officially launched, allowing users to earn fixed interest based on cryptocurrency and receive MPH token returns. Currently supported DeFi platforms include Aave, Compound and yEarn, and supported tokens are aUSDC, cUSDC, cUNI, yUSD and ycrvSBTC.

3. According to OKLink data, as of 11:00 yesterday, Uniswap’s lock-up amount was approximately US$2.07 billion, a decrease of about 34% from the previous month. The lock-up amount has fallen below Maker’s US$2.38 billion and dropped to Ethereum. The second place in the locked position of the DeFi agreement.

4. The Digital asset management company, Grayscale Investment, claimed that its total scale of encrypted asset management exceeded US$10 billion, reaching US$10.4 billion. Among them, Grayscale’s Bitcoin Trust holdings reached 513,393 BTC, and Ethereum Trust holdings reached 2,583,657 ETH.


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