DeFi Daily News,September 15th, 2020

1. Bitcoin is making gains Monday and Ethereum usage is hitting record highs in September. Bitcoin trading around $10,669 as of 20:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours, which trading range was between $10,250 and $10,759.

2. According to the ChainNews, DeFi aggregator Frontier announced that it will list the token FRONT on the decentralized exchanges Uniswap, Mooniswap and Balancer at 8 pm on September 15th, Hong Kong time. TomoDEX and Serum will also be listed later, and FRONT has been listed on Ether Fangzhunet. The initial prices of the three platforms are 0.08 USD per FRONT, and the liquidity provided is 50,000 USDT and 625,000 FRONT. There is no KYC required to participate in this activity, and there is no amount limit.

3. The DeFi project Yam Finance (YAM) announced that it will restart the audited Yam agreement on September 18 and migrate to YAM v3. In addition, the YAM/yUSD LP incentive reward pool will take effect on September 19, and a total of 925,000 tokens will be allocated, of which 92,500 will be distributed in the first week, and will be reduced by 10% each week thereafter. The first rebase will take place on September 21. The initial supply of V3 is 5 million, and the migration ratio from YAMv2 to YAMv3 is 1:1, of which 50% can be redeemed immediately, and the other 50% can be continuously redeemed within 30 days.

4. The liquidity mining project SushiSwap (SUSHI) tweeted that from 9:00 to 10:00 Beijing time on September 15th, the SushiSwap community voted to use the $14 million ETH returned by the anonymous founder to buy back SUSHI. Chef Nomi, the anonymous founder of SushiSwap, announced the return of the $14 million worth of Ethereum that the community had previously obtained through the sale of its unlocked SUSHI tokens, and let the community governance determine the reward it deserves. It also stated that it will continue to participate in project governance and development.


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