DeFi Daily News,October 21st, 2020

ONEROOT
2 min readOct 21, 2020

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1. Bitcoin’s price passed $12,000 for the first time since September as Ethereum fees dipped. Bitcoin (BTC) trading around $11,910 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours, which trading range was between $11,673 and $12,058.

2. Messari released the third quarter DeFi market report. The report pointed out that the trading volume of decentralized exchanges (DEX) has risen sharply since the second quarter and reached a record high in September. DEX’s daily trading volume also accounted for 13.6%, which was higher than the 2.8% at the beginning of the year. Since then, although the transaction volume has fallen back, it is still about ten times that of the beginning of the third quarter. In addition, in the third quarter of this year, MakerDAO’s loan scale continued to increase, from 140 million US dollars to 850 million US dollars, an increase of 529%. Aave’s loan scale also increased from 20 million US dollars to 250 million US dollars, an increase of 1309%.

3. Yearn.finance (YFI) founder Andre Cronje has created a new decentralized pilot project Keep3r Network (KPR). Etherscan data shows that as of now, the total supply of KPR is 10,400, there are 180 addresses, and 1,822 transfers have occurred. The price of KPR when Uniswap was first launched was approximately US$59. At present, 1 KPR can be exchanged for 4.11 ETH, that is, the price is more than US$1554, which is more than 25 times higher than when Uniswap was launched. Keep3r network is a decentralized guardian network. Keeper is a term used to refer to external personnel and or teams who perform work. Job is also a term used to refer to a smart contract that expects an external entity to perform an operation. Keep3r does not manage these tasks itself, but allows the contract to register it as a job for the guardian, and then the guardian will register itself as a person who can perform the work. Individual guardians can set up their development and infrastructure, and create their own rules based on the transactions they consider profitable. To become a guardian, you need to call bond (uint) on the Keep3r contract, without KPR tokens. The guardian can receive all rewards for performing the guardian’s work by calling Claim () on the Keep3r contract.

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