DeFi Daily News,October 29th, 2020

ONEROOT
2 min readOct 29, 2020

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1. Major markets are in the red today, including bitcoin. Ether options traders have favored calls over the past month. Bitcoin trading around $13,184 as of 20:00 UTC (4 p.m. ET). Slipping 3.6% over the previous 24 hours, which trading range was between $12,894 and $13,831.

2. According to the ChainNews, the DeFi lending agreement Aave (AAVE) announced that the agreement management key will be officially transferred to the community. Aave said that this is an important step in its decentralization. To this end, Aave will set the “Aave Governance” contract to “Lending Pool Manager”, and grant the ownership of the “LendingPoolAddressProvider” contract and the “TokenDistributor” contract to “Aave Governance”. The “Lending Pool Manager” can change the agreement contract parameters and list the new asset, “LendingPoolAddressProvider” has full control over the agreement, and the “TokenDistributor” contract receives all agreement fees and manages their distribution.

3. Harvest Finance’s official update on the progress of the hacking incident stated that it has increased the reward amount to 400,000 US dollars to track hacker clues. According to previous reports from Lianwen, Lianwen had previously reported that Harvest Finance was hacked and a large amount of funds in the fund pool were transferred and successfully cashed out through multiple contract transactions, most of which were cashed out through renBTC. Harvest Finance stated that the attack resulted in a total loss of approximately 33.8 million U.S. dollars, and then it offered a reward of 100,000 U.S. dollars to reward the first individual or team who successfully contacted the attacker and helped return user funds.

4. The DeFi project Lattice (LTX) built on Ethereum and Constellation’s scalable Hypergraph protocol released the project roadmap. Specifically, the MVP demonstration will be conducted on October 31, and the trading platform Hufu HOO and Bitribe will be conducted on November 5 The IEO with a total value of USD 1 million will be launched on November 6th, Uniswap will be launched on November 7th, and several other exchanges will be launched on November 7th. On November 18th, there will be an LTX airdrop. The airdrop is for DAG Molly wallet holders. MVP (Summary Liquidity and Intelligent Routing). In addition, Lattice is about to launch a liquidity plan. Regarding the community IEO, Lattice will sell 2.8% of LTX tokens at a price of $0.35, and 100% of these tokens will be unlocked upon launch. The chain notes that Lattice is a high-performance DeFi liquidity protocol built on Ethereum and Constellation’s Hypergraph Transfer Protocol (HGTP), including a DeFi solution for transaction aggregation and automated market making (AMM) modules.

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