DeFi Daily News，October 20th, 2020
1. Bitcoin traders hit the buy button Monday while a DeFi project gains $135 million in BTC locked since the start of September. Bitcoin (BTC) trading around $11,689 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours, which trading range was between $11,409 and $11,839.
2. According to the ChainNews, within 12 hours after the start of liquidity mining, BarnBridge, the cross-platform tiered derivatives agreement, had a total locked-up volume (TVL) of US$148 million. Users who provide liquidity can start withdrawing revenue at 8 o’clock on October 26, and the incentive activity will last for 100 weeks. Previously, BarnBridge completed a $1 million seed round of financing. Investors involved include Fourth Revolution Capital, ParaFi Capital, Synthetix founder Kain Warwick, Aave founder Stani Kulechov, DARMA Capital managing partner Andrew Keys, Centrality, Blockchain Companies, Dahret Group.
3. The DeFi project Cream Finance (CREAM) announced the listing of Year.finance (YFI) tokens on the CREAM BSC, allowing users to supply and lend YFI on app.cream.finance. For every $100 of YFI provided, users can borrow up to 50 Other tokens of the US dollar. In addition to YFI, other assets supported by Cream Finance include BTC, ETH, BNB, BUSD, USDT, LINK, XRP, BCH, LTC, DOT, CREAM, ADA, BAND, EOS, DAI, XTZ and FIL.
4. The first governance proposal initiated by the Uniswap community to lower the threshold for initiating a vote and the minimum number of votes required for voting was not passed with 39,596,759 votes in favor. Chain Wen previously reported that the initiator of the proposal was Dharma. Dharma proposes to lower the threshold for initiating a vote from 10 million UNI to 3 million UNI, and reduce the minimum number of votes to pass from 40 million UNI to 30 million UNI.
Telegram-en/ONEROOT network/R1 protocol/Reddit/Twitter/Medium/Linkedin/Facebook/Github
Youtube: @OneRoot Project
Official QQ group: 6644849O
Official WeChat account: oneroot_admin