1. According to the ChainNews, CoinGecko data shows that the DeFi mining project Pickle Finance’s on-chain lock-up (TVL) exceeded $170 million. Pickle Finance was launched on September 11. In order to maintain stable currency anchoring, Pickle Finance will change Stablecoin trading pairs that are difficult to maintain anchoring will be given more rewards, while trading pairs that are better anchored will be given less rewards, which can incentivize people to sell tokens with high-quality anchoring rates and buy tokens with poor anchoring rates . Pickle Finance uses pVaults to store PICKLE tokens, and supports the use of lightning loans for leverage transactions and arbitrage between stablecoins, which can further maintain stablecoins while also generating liquidity gains. In addition, Pickle Finance will also provide rewards to the ETH/PICKLE fund pool, and other fund pools can be added in the future. The project has no VC, no pre-mining, no 1CO, and uses the “Quadratic Voting” mechanism for governance to prevent big whales from having too much influence.
2. Binance officially stated that BurgerSwap, the first mining project developed by the community, has been officially deployed on the Binance Smart Chain and has officially launched liquidity mining. Binance also stated that all projects and DApp applications run by Binance Smart Chain are developed by third-party developers and are not officially developed and audited by Binance.
3. It was a quiet day in the bitcoin market while there was action on Uniswap’s total crypto value locked. BTC trading around $10,316 as of 20:00 UTC (4 p.m. ET). Slipping 0.13% over the previous 24 hours which trading range was between $10,199 and $10,383.
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