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• # Decentralized Insurance

• The traditional insurance industry has the following three pain points:

Agency: Customers rely on trust in the insurance company, how it invests its money, how and when it pays policyholders, and so on.

At present, the traditional financial investors' concerns about DeFi lack of stable and safe insurance business, which is one of the important reasons why they dare not enter the market. Due to the high price volatility of digital assets and smart contract security issues, it is still too early for traditional insurance companies to provide services for DeFi or digital currency, which are still cutting-edge fields. Then decentralized insurance like Nexus Mutual, OPYN becomes A market that DeFi has the potential to disrupt.

Part.2 Industry Pulse

Blockchain technology and smart contracts can not only eliminate administrative inefficiencies, but also most of the costs associated with governance and regulation. They can provide trust (trust has moved from institutions and regulations to transparent code) in a more cost-effective way.

* WBTC

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Part.2 Industry Pulse

Compound Governance Proposal 016 has been passed, WBTC mortgage coefficient increased to 40%

Compound governance proposal 016, submitted by cryptocurrency market maker Alameda Research, has passed, which aims to increase the collateralization factor of WBTC from 0% to 40%. Lianwen previously reported that governance proposals 013 and 014 proposed to increase the mortgage coefficient of WBTC from 0% to 65%, but neither proposal was passed.

* wallet

* Transaction agreement

Brave Software, the development company of the privacy browser Brave, announced that the Japanese cryptocurrency exchange bitFlyer has reached a cooperation with Brave Software International SEZC. Brave said that bitFlyer will develop an encrypted asset wallet for its browser users. This is its first cooperation with the encrypted field in Japan. The two parties will also jointly launch a marketing campaign to expand the recognition of cryptocurrencies and blockchain technology among customers of both parties.

Synthetix Adds COMP, LEND, KNC, and REN as Underlying Assets for Binary Options Products

* Transaction agreement

The synthetic asset platform Synthetix announced that it has added COMP, LEND, KNC, and REN to its binary options market, allowing traders to establish positions based on the judgment results of these asset prices. However, these assets cannot be used as synthetic assets.

REN and renBTC become the launch pool of Bancor V2, and the Bancor V2 code is expected to be deployed to the mainnet in July

* DeFi

* Mainnet

Bancor, a decentralized trading protocol, announced that REN and renBTC will become the launch pool for Bancor V2. These two new reserve pools in Bancor V2 will allow REN and renBTC holders to provide liquidity and earn a portion of transaction fees. Unlike other Automated Market Maker (AMM) solutions on the market, holders of REN and renBTC providing liquidity will be able to maintain 100% of their token holdings, suffer no impermanent loss, and benefit from " benefit from the "liquidity amplification" mechanism, etc. Additionally, the Bancor V2 code is currently being reviewed and stress-tested by the Consensys Due Diligence and 1inch.exchange teams and is expected to be deployed to the mainnet in July 2020.

Aave is about to launch a "credit entrustment" service, users can borrow without collateral

Stani Kulechov, founder and CEO of DeFi lending agreement Aave, said that Aave is launching a new service called "Credit Delegation" (Credit Delegation, referred to as CD), which allows Aave depositors to entrust their credit line, so that users do not need collateral You can borrow money.

@IOSG VC:

Algorand announced the integration of decentralized API infrastructure Pocket Network to enhance interoperability

* Trading platform<>The public chain project Algorand announced to provide network support for the decentralized API infrastructure Pocket. Through the Pocket API protocol, developers can be connected to a decentralized relay network composed of node operators and Barriers to blockchain application development.

The function of Pocket Network (token is POKT) is to provide an extensive relay network for blockchain API requests, between node providers running full nodes and developers who want to query application or service data from blockchain time, creating a two-sided marketplace without permission.

* DC/EP

With the AlgoSDK, Algorand will be the first blockchain to natively point to the Pocket API protocol, which connects developers to a decentralized relay network of node operators and infrastructure providers, reducing blockchain Obstacles to application development. by Algorand

Pocket token bridge, POKT will be built as an Algorand Standard Asset (ASA), which also means that both communities will have more interoperability and practicality

Caixin: In addition to Didi, Meituan and Bilibili have also cooperated with banks participating in the central bank’s digital currency project

According to Caixin.com, Didi, Meituan Dianping and Bilibili (Bilibili) have all cooperated with a number of banks involved in digital currency projects. Among them, Meituan Dianping may try to expand usage scenarios such as Meituan bicycles, while the cooperation between Bilibili and participating banks has entered the stage of technology development. In addition, companies such as ByteDance are also discussing the possibility of cooperation with banks. According to a previous report by Beijing Business Daily, the Digital Currency Research Institute of the Central Bank and Didi Chuxing formally reached a strategic cooperation agreement to jointly research and explore the scene innovation and application of digital RMB in the field of smart travel. The two parties expect to establish a cooperative relationship to promote the platform ecological construction of digital renminbi in diversified travel scenarios.

* data

* Liquidity mining

Los Angeles-based fund manager Arca Funds announced that its Arca US Treasury Fund, registered with the US Securities and Exchange Commission (SEC), is now open for investment. The fund is the first fund to issue its shares in the form of digital securities registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Company Act of 1940, called "ArCoin", and its digital shares of ArCoins are registered on the Ethereum blockchain. On transactions, accrued interest will be paid directly to ArCoin holders on a quarterly basis.

DeFi derivatives trading platform MCDEX launched DefiPulse and will start liquidity mining on July 8

* Liquidity mining

The DeFi derivatives trading platform MCDEX launched the DefiPulse page ranking, ranking 27th. The current locked-up funds are 900,000 US dollars, with a daily growth rate of about 47%. MCDEX will start liquidity mining at 2:00 pm UTC on July 8, that is, obtain MCB tokens by providing liquidity to AMM, allocate 2 MCB per block, and have a total supply of 410,000 MCB. The event will last for 1 month until August 8th.

@IOSG VC:

Gnosis Safe is part of Gnosis - Berlin based Open Finance mechanism (raised $12.5M). Gnosis Safe is a user aggregator & wallet that besides trading on 1inch, offers farming COMP, lending Dai on Aave, earning yields on IdleFinance, managing payments on RequestNetwork and streaming money with SablierHQ. It is formally verified by Runtime verification.

Non-custodial Ethereum wallet Gnosis Safe Multisig adds support for 1inch

* DeFi

* wallet

The Chicago DeFi Alliance has added 11 new members, including Aave, ParaFi and Three Arrows Capital

* Liquidity mining

The Chicago DeFi Alliance announced 11 new members, including DeFi lending platform Aave, Silicon Valley venture capital firm ParaFi, Singaporean hedge fund Three Arrows Capital, and Gauntlet, QCP Capital, Framework Ventures, Ledger Prime, Jon Kol, Manna Research, Altonomy, Fractal Wealth. The Chicago DeFi Alliance also stated that for the seven members of the first batch of DeFi Alliance, they have completed plans including one-on-one communication dialogues and round table meetings to help companies establish contacts with other trading companies, and they can now apply on the official website to join in August. Alliance quota.

* Liquidity mining

* development tools

* development tools

Alchemy launched Alchemy Build, a blockchain development kit product. This new set of tools aims to reduce blockchain developers' focus on core products and minimize the development time spent on issues that are not related to the product itself. Alchemy says that Alchemy Build is primarily composed of four tools: an explorer to find bugs more easily, a visual manager to find failed transactions, a composer for prototyping, and a debugger.

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Part.3 Investment and financing events

Binance announces strategic investment in crypto startup Swipe

* pay

Binance announced the completion of the acquisition of crypto startup Swipe. Swipe is an industry-leading digital wallet that supports multiple assets and a platform that supports Visa card payments. Users can freely trade and spend encrypted assets on the platform without disclosing the transaction amount.

Chainalysis Expands Series B Funding to $49M with Investments from Ribbit Capital and Sound Ventures

* DeFi

* Data Security

@IOSG VC:

Blockchain analytics firm Chainalysis announced today that it has raised an additional $13 million to expand its Series B round to $49 million, with investments from Ribbit Capital and Sound Ventures. will develop and deepen its government relations and further unite the public and private sectors through the addition of software engineers to drive growth in the cryptocurrency industry, government sales and other business roles.