DeFi Daily News，September 7th, 2020
1.According to the ChainNews, Equilibrium, originally based on the EOS-based DeFi protocol, announced that it has become a partner with Polkadot. It will use Polkadot’s Substrate technology to build Equilibrium’s blockchain and extend the DeFi product line to the one-stop cross-chain asset market. Equilibrium stated that their products are designed to end the problem of over-fragmented markets, and conveniently meet all users’ DeFi needs in one place-combining decentralized liquidity pools, enabling cross-chain loans with built-in synthetic assets, and advanced prices Discovery and bailout mechanism to ensure maximum liquidity.
2.Bitcoin is in bear territory for the third straight day and investors are still looking to DeFi to capture gains during the dump. Bitcoin (BTC) trading around $10,606 as of 20:00 UTC (4 p.m. ET). Slipping 0.90% over the previous 24 hours, which trading range was between $9,894-$10,081.
3.Some Twitters discovered that the anonymous founder of SushiSwap had sold all SUSHI tokens in his wallet, but the founder responded that he would continue to contribute to the project, including multi-signatures, migration, and development. The founder sold about 2.56 million SUSHI in exchange for about 18,000 ETH (about 6 million US dollars). He added that the sale of SUSHI only resulted in a price slippage of about 5%.
4. Binance Mining will soon launch a new product “New Coin Mining”. Users can use BNB, BUSD or other designated token methods to mine new coins. The first project to be issued on “New Coin Mining” is the decentralized financial platform Bella Protocol token BEL. From 08:00 on September 9th, users can mine BEL tokens in the mining pools of BNB, BUSD, and ARPA for a total of 30 days. The total amount of BEL is 100 million, and the total amount of mining is 5 million. Among them, the BNB mining pool can mine a total of 4.5 million, accounting for 90% of the total amount of mining. BUSD and ARPA mining pools occupy the 9% and 1% of the total amount of mining. In addition, Binance will list BEL at 14:00 on September 16, and open BEL/BNB, BEL/BTC, BEL/BUSD, BEL/USDT trading markets. Chain Wen previously reported that on September 4, Binance launched Binance mining service. Users can quickly realize currency exchange in Binance mining, or they can become a liquidity provider by injecting funds. As noted by the chain, Bella Protocol is an aggregated DeFi project incubated by the privacy computing network ARPA, dedicated to providing users with convenient cross-platform automated liquidity mining strategies.
Telegram-en/ONEROOT network/R1 protocol/Reddit/Twitter/Medium/Linkedin/Facebook/Github
Youtube: @OneRoot Project
Official QQ group: 6644849O
Official WeChat account: oneroot_admin