DeFi Daily News,November 23rd, 2020

1. The price of bitcoin hit new 2020 highs as the “alternative to gold” narrative increases. Meanwhile, smaller crypto tokens might be helping push DeFi to new heights. Bitcoin (BTC) trading around $18,638 as of 21:00 UTC (4 p.m. ET). Gaining 3.5% over the previous 24 hours, which trading range was between $17,723 and $18,813.

2. According to the ChainNews, Ampleforth announced that a new round of Geyser incentive plan will be launched next week. The new round of Geyser incentive plan includes 3 projects named Pescadero, Old Faithful and Beehive. SushiSwap, Balancer and Uniswap will be launched respectively, and 3 Geyser projects will be launched. 3.9 million AMPL will be allocated. In this round of the Geyser incentive plan, the reward multiplier was updated, shortening the time period for the maximum 3 times reward multiplier from 60 days to 30 days.

3. Bancor (BNT), a decentralized trading protocol, announced that it has passed the minimum threshold of the BNT liquidity mining program (2.5 million vBNT votes) with 100% of the votes. In the next few weeks, all liquidity providers who participate in the pledge in the relevant liquidity pool Will receive BNT token rewards.

4. Swiss crypto asset broker Bitcoin Suisse announced that its Ethereum 2.0 pledge service has received more than 71,891 ETH, or about 33 million U.S. dollars, and stated that a total of 131,328 ETH has been locked in the deposit contract. Founded in 2013 in the Swiss Crypto Valley, Bitcoin Suisse is a regulated crypto asset broker, claiming that it manages more than 1 billion Swiss francs in cryptocurrencies. Bitcoin Suisse’s Ethereum 2.0 pledge service will charge a 15% service fee from the pledge income received by customers, and stated that the fee is used to pay for infrastructure construction, protocol upgrades, maintenance, and server expenses. At the same time, Bitcoin Suisse provides gold, silver, and platinum trading products, which can be traded with fiat currencies, Bitcoin and Ethereum.

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