Recommended Reading for the Weekend of Chain News｜Overview of Polkadot DeFi, Dragonfly talks about the blueprint of stable coin (www.blockcast.cc)
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“DeFi Second Half: An Overview of Polkadot DeFi Ecological Panorama”
Lianwen categorizes and summarizes Polkadot’s current DeFi projects from five dimensions, and analyzes its DeFi ecosystem more comprehensively and systematically through the “settlement layer-protocol layer-application layer”.
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“Dragonfly Partners: Explore the blueprint and ultimate form of stablecoin evolution”
The “Stability Act” is a harbinger of the future outcome, and the decentralized crypto dollar will become the future currency of the crypto world.
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“Reading through 270,000 Ledger user information, I got the hardest cryptocurrency user portrait”
U.S. users account for one-third, and Twitter employees love Ledger the most.
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Cool stuff
“A three-minute overview of Compound Chain and its native token CASH”
Compound Chain is an independent distributed ledger that can transfer value and liquidity between different ledgers. Users can borrow and lend cross-chain assets between different blockchains based on Compound Chain, and can also use any supported The assets of CASH are used as collateral to borrow Compound Chain’s native token CASH (similar to MakerDAO’s DAI).
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“DeFi Star 1inch Explains the Governance Token Model and Instant Governance”
With the release of 1INCH token, 1inch Network will be managed by DAO.
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Industry Insight
“Senior blockchain legal expert Katherine Wu interprets Ripple’s prosecution”
Katherine Wu, a senior blockchain legal expert and manager of Notation Capital, drew these key points in a 70-page SEC prosecution document against Ripple.
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“From the annual report to sort out the six major product lines of ConsenSys, these data are more worthy of attention”
Through the annual summary report of ConsenSys, review the adjustment of ConsenSys’ product line and the development of the Ethereum ecosystem.
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“A16z partners: five pictures to understand the major events and trends of cryptocurrency 2020”
Bitcoin has attracted mainstream attention due to its new high price, and the explosion of Ethereum DeFi attracted a large number of users and caused network congestion.
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A few things not to miss
Important project progress
- Cover Protocol will suspend underwriting for the stablecoin project Basis after the insurance expires at the end of December
- 1inch officially issued the governance token 1INCH and will airdrop to users
- DeFi aggregation platform Furucombo launches token COMBO
- Opium announced the OPIUM economic model of governance tokens: the total amount is 100 million, and 60% will be allocated to active users
- The Polkadot Parachain test network Rococo V1 has been officially launched and running
- Lightning network client Eclair released a major version update 0.5.0, adding cluster mode and Watchdog
Investment and Financing
- Swiss crypto bank SEBA completes US$22.5 million in Series B financing , but has not yet disclosed the investor
- Indian crypto exchange CoinDCX raised US$13.9 million in Series B financing , Block.one led the investment
- Tidal Finance, an open programmable insurance market, completed a $1.95 million seed round led by KR1
- Cere Network, a blockchain CRM platform, completed $1.5 million in financing and will develop an enterprise-level distributed data cloud for Polkadot
- The cross-chain synthetic asset agreement Linear Finance received investment from Huobi, and both parties reached a strategic partnership
- The privacy DeFi agreement Manta Network receives investment from Hypersphere, and Hypersphere partners will join as consultants
- Cross-chain liquidity provision protocol HydraDX received seed round financing, KR1 and Hypersphere led the investment
- Polkadot’s cross-chain oracle machine ParaLink receives strategic investment from LD Capital
Data and research report
- Rarible’s cumulative transaction volume in 2020 exceeds 240 million U.S. dollars, and the average monthly page views of the website are nearly 60,000
- Data: The circulation of the US dollar stable currency USDC exceeds 3.6 billion
Transaction and market
- Data: There will be Bitcoin options with a nominal value of more than 2.4 billion U.S. dollars to expire on December 25
- Skybridge Capital injected US$25 million into its Bitcoin fund, which will be opened to investors early next month
- The US SEC officially filed a lawsuit against Ripple and its two executives, accusing it of an unregistered securities offering of over US$1.3 billion
- Digital art collector WhaleShark bought a pair of sneakers NFT for 22 ETH
Big company progress
- BlackRock is hiring for the position of vice president of blockchain and will be responsible for the valuation of digital assets
- “Fortune” Magazine: Payment giant PayPal will not acquire crypto company BitGo
- Ripple’s partner MoneyGram : Does not rely on the Ripple ODL platform to complete foreign exchange transaction needs, and will not use the ODL platform or RippleNet to transfer consumer funds
- Media: Grayscale parent company DCG will launch a new wealth management subsidiary
- Takes stock 500 Lottery issuance of common shares will be settled in US dollars or currencies encryption, and the appointment of veteran field of encryption as CEO
- US listed company MicroStrategy once again purchased nearly 30,000 BTC, holding a total of more than 1.1 billion US dollars in Bitcoin
Market voice
- Central Bank Governor Yi Gang : Improve the legal framework of legal digital currency, and steadily promote digital currency research and development
- Telegram founder : start to add advanced paid features next year, ordinary users can still use it for free
- Ledger CEO: No compensation will be provided for users who have suffered data breaches
Supervision, macro dynamics
- The nation’s first digital RMB insurance policy was successfully issued on December 15
- The US SEC issued a statement stating that it will not take enforcement actions against digital asset securities brokers that meet specific requirements in the next five years, and it is currently in the stage of soliciting opinions
- US President’s Financial Market Working Group : Stablecoins must comply with anti-money laundering, anti-terrorist financing, and one-to-one redemption regulations
safe question
- Data : A total of 5 exchange security incidents occurred in 2020, with losses of over US$286 million
- The European cryptocurrency exchange EXMO has detected suspicious withdrawals , and the affected assets account for 5% of the total assets; the crypto exchange EXMO update attack progress : the affected assets account for 6% of the company’s total assets and will resume on December 24 Deposit and withdrawal services
- A database containing the personal information of 270,000 Ledger customers was leaked on RaidForums; Ledger: After a new round of phishing attacks , users should not pay the ransom
- The founder of Nexus Mutual said that the hacker is located in the Asian time zone and does not expect to recover the funds, hoping that the hacker will take the “right path”
Preview next week
December 28 (Monday)
- Bitmain plans to hold a shareholder meeting
December 29 (Tuesday)
December 30 (Wednesday)
December 31 (Thursday)
- The non-custodial lending platform Nuo ceases its service and the deadline for users to withdraw funds
January 1 (Friday)
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