DeFi Daily News,September 11st, 2020

1. According to the ChainNews, according to Debank data, after SushiSwap completed its migration today, the lock-up volume has continued to rise, and the current lock-up amount has reached 1.3 billion US dollars, surpassing Maker and rising to the second place in the lock-up of DeFi projects. At present, the top locked position of DeFi project is named Aave, with a total locked position of US$1.5 billion.

2. Bitcoin was trending upward before losing momentum; ether holders are moving their cryptocurrency off exchanges. Bitcoin (BTC) trading around $10,284 as of 20:00 UTC (4 p.m. ET). Slipping 0.12% over the previous 24 hours, which trading range was between $10,174 and $10,488.

3. The EOS DeFi liquidity mining project EMD, whose Chinese name is Feicui, has basically declared that it has gone. Just yesterday morning, a large amount of pledged funds in the project contract emeraldmine1 were transferred in large quantities, and 780,000 USDT, 490,000 EOS, 56,000 DFS and a small amount of BOX were transferred to the account sji111111111. And 121,000 EOS has been transferred to the changenow coin laundering platform. Up to now, a total of nearly 2.5 million U.S. dollars and nearly 20 million RMB assets have been transferred. Further analysis by security personnel found that the USDT in EMD running funds is being resold through DeFibox currency transactions and other channels.

4. Since the extensive introduction of liquid mining strategies in DeFi projects, the total assets locked in the DeFi agreements have achieved rapid growth, which shows that if these agreements want to cold start or achieve expansion of liquidity, liquid mining is one in the short term. An effective strategy. The biggest advantage of DeFi is composability. This feature makes it possible to develop new solutions by using existing resources (infrastructure, data, liquidity), which are built like Lego in terms of security and reliability Base block. Liquidity mining is an excellent solution to activate short-term liquidity, but DeFi needs to use composability, fair start and other methods to achieve sustainable growth.

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