1. Bitcoin rebounded from an OKEx-related drop last Friday; ether options traders may be beacon chain bearish. Bitcoin (BTC) trading around $11,327 as of 20:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours, which trading range was between $11,199 and $11,623.
2. The decentralized exchange DODO issued an official announcement to adjust the reward intensity of pledged interest and mining incentives. After the adjustment, the income of pledged DODO tokens increased from 1.5 to 6 DODO per block, and mining rewards also occurred. With the changes, the ETH/USDC single pool has reduced from 1.5 DODO per block to 0.5 DODO, the WBTC/USDC single pool has reduced from 1.5 DODO per block to 0.5 DODO, and the LINK/USDC single pool has reduced from 1.5 DODO per block. DODO reduced to 0.5 DODO, SNX/USDC single pool reduced from 1.5 DODO per block to 0.25 DODO, COMP/USDC single pool per block reduced from 1.5 DODO to 0.25 DODO, YFI/USDC single pool per block The block is reduced from 1.5 DODO to 0.25 DODO, and each block of LEND/USDC single pool is reduced from 1.5 DODO to 0 DODO. This adjustment will take effect 24 hours from 1:40 AM on October 19th, Beijing time. The APR of pledged DODO will reach approximately 260%.
3. According to the ChainNews, the new DeFi insurance project COVER Protocol has released a token distribution plan, with a maximum of 160,000 tokens minted, and distribution will begin on November 20, 2020. Among them, 87% (approximately 139,200) will be allocated to community members: 1). 70% will be obtained through shield minning within 12 months; 2). 17% will be allocated to SAFE2 token holders, and 90 antennas will be released. In addition, 12% (19,200) will be reserved for the team and will be released linearly for 3 years. Finally, 1% (1600) will belong to the COVER vault at startup. Officially, 1 SAFE2 is converted to 0.5 COVRE. Lianwen previously reported that yieldfarming.insure, an insurance DeFi mining project, believes that SAFE is immature and will rebuild a new protocol, COVER Protocol.
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