1. The bitcoin market continues to display weakness; xDai total value locked shows interest in Ethereum scaling solutions. Bitcoin (BTC) trading around $10,285 as of 20:00 UTC (4 p.m. EDT). Slipping 1.8% over the previous 24 hours, which trading range was between $10,250 and $10,575.
2. According to the ChainNews, the liquidity mining project Sushiswap community put forward a new proposal, suggesting to add a rotating incentive pool to increase the liquidity of the fund pool and attract new users. The incentive pool is selected by the community, a batch of 10 fund pools in total, and the next batch will be replaced after 7 days of operation. The factors that determine the selection of the incentive pool include the largest fund pool on SushiSwap, the largest fund pool on Uniswap, community voting, decision by 0xMaki, and other methods. The 10 pools voted by the community include xSUSHI-ETH, cDAI-DAI, wBTC-ETH, CREAM-ETH, MEME-ETH, wNXM-ETH, yUSD-ETH, yUSD-wBTC, renBTC-wBTC and CRO-ETH. Currently, the approval rate of the proposal is 100%.
3. According to BlockBeats, on September 24, according to data from Skew analytics, a Bitcoin option contract worth nearly $1 billion will expire this Friday (September 25). At the same time, the USD 450 million Ethereum option contract will expire on the same day.
4. The decentralized auction tool Bounce.finance (BOT) will reduce the daily reward per cycle to 32 BOT from 8 o’clock on September 24. In addition, the distribution ratio will continue to follow the original plan, that is, 20% will be allocated to Uniswap LP token pledgers. 80% will be allocated to farmers in Ethereum and Binance Smart Chain BSC. The governance v1 version will be launched this week. The chain notes that Bounce.finance is an auction tool that can be used to exchange tokens, but unlike Uniswap protocols, it needs to set the upper limit and duration of each auction. Funds exceeding the upper limit will be Bounce to the user.
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