DeFi Daily News，November 4th, 2020
1. According to the ChainNews, the decentralized exchange Uniscam announced the launch of the adaptive automatic market maker algorithm (SMM), which is currently being tested in the production environment (Test in Prod) based on the Binance Smart Chain. Uniscam is a Uniswap-compatible decentralized exchange incubated by the Y3D community. The community developers stated that Uniscam has the following characteristics compared to the original Uniswap: LP idle funds are connected to YFII machine gun pool mining; no protocol fees; adaptive virtual liquidity, Leveraged LP token achieves low transaction slippage.
2. The DeFi protocol B.Protocol locked 6,300 ETH and loaned 1.1 million DAI six days after it went live on the mainnet. In addition, there were 70 coffers imported or managed on the protocol. According to official information, in addition to MakerDAO, B.Protocol will soon integrate Compound and Aave. B.Protocol is an alternative treasury management system, created by Kyber Network CTO and co-designer of the Wrapped Bitcoin protocol Yaron Velner. It integrates DeFi lending platforms to incentivize liquidity providers to share their profits with platform users to obtain liquidation. Priority, to make the lending platform more stable and transfer the Ethereum miner extractable value (MEV) back to the platform users.
3. Binance will launch the BNB super mining product at 14:00 on November 3, Hong Kong time. Users can lock BNB with one key to enjoy multiple benefits at the same time, including new currency mining, BNB current, DeFi mining, etc. BNB Super Mining is a capital-guaranteed wealth management product with flexible access. By integrating various financial products that support BNB, BNB holders can enjoy the multiple benefits of Binance Ecosystem. Based on comprehensive calculations, BNB will be flexibly allocated for investment to help users maximize the return on investment.
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