headlines
Relevant people from the central bank: digital renminbi and banknotes can be exchanged 1:1 in two directions
digital currency
YAM Finance tweeted that at 0:20 on August 23, Beijing time, the migration from YAMv1 to YAMv2 was completed, and the final supply of YAMv2 was 3,726,411. According to the previous plan, the governance forum will be launched on August 24 to conduct the community decision-making process required for the V3 release.
YAM Finance: The migration from YAMv1 to YAMv2 is complete
YAM Finance tweeted that at 0:20 on August 23, Beijing time, the migration from YAMv1 to YAMv2 was completed, and the final supply of YAMv2 was 3,726,411. According to the previous plan, the governance forum will be launched on August 24 to conduct the community decision-making process required for the V3 release.
yearn.finance (YFI) tweeted that a new gYFI proposal has been released, which is time-based weighted governance participation. 1 YFI=x/365 gYFI. Reward distribution changed to gYFI. The proposal is said to be aimed at allocating more voting power to policymakers with a long-term vision. This will increase voter safety and best interest participation. There are currently 51 voters voting on the proposal, and 90% support its implementation.
BUSD is a compliant stablecoin approved by the New York State Department of Finance (NYDFS), with more than 150,000 currency holders and a current market value of $213 million.
1inch, a decentralized transaction aggregation platform, announced that it will issue token 1INCH and launch a liquidity mining plan. According to the token economic model announced by 1inch, 30% of the total supply of tokens will be used to ensure network security and maintain its functions ( 4 years to unlock), 22.5% of the tokens are distributed to 1inch core team and future employees (4 years to unlock), 21% are used for ecological construction (4 years to unlock, some of the tokens are used for the new liquidity mining that will be launched in the future plan), 19.5% of the tokens are allocated to investors and shareholders (2.5 years to unlock), 5% are allocated to consultants (4 years to unlock), and 2% are allocated to early liquidity providers of its automated market maker product Mooniswap (1 year to unlock).
The 1inch team stated that the total number of tokens in initial circulation will be around 16% of the total token supply, but the team currently does not provide data on the total token supply. Liquidity providers can obtain the tokens allocated for liquidity mining only if they participate in the designated fund pool of Mooniswap. In addition, the 1inch team will also launch a new liquidity mining plan after the distribution of tokens. There is no unlocking period for this part of the tokens, and the specific details have not yet been announced. Since 1inch only provided 2% of the tokens to motivate Mooniswap’s early liquidity providers, it allocated 19.5% of the tokens to investors and 5% to advisors, which sparked controversy among many opinion leaders on Twitter. Criticize and question.
Polkadot has completed the DOT split
Polkadot officially tweeted that at 00:48 on August 22, Beijing time, Polkadot reached block height 1248328, and DOT tokens began to be revalued and split at 1:100. As a result, the total amount of DOTs is now 100 times higher, while the price of each DOT has been reduced to 1/100 of the original token price.
Polkadot has completed the DOT split
Polkadot officially tweeted that at 00:48 on August 22, Beijing time, Polkadot reached block height 1248328, and DOT tokens began to be revalued and split at 1:100. As a result, the total amount of DOTs is now 100 times higher, while the price of each DOT has been reduced to 1/100 of the original token price.
PayPal PRIVATE's asset management scale exceeded 6,000 BTC within 100 days of its launch
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Blockchain industry
Iran has identified and shut down 1,100 unlicensed cryptocurrency mining farms
Blockchain industry
Iran has identified and shut down 1,100 unlicensed cryptocurrency mining farms
Hebei Province plans to hold the 2020 Hebei Province digital economy major project signing event in Shijiazhuang City in November, and release and sign a number of key digital economy investment matching projects. Project solicitation focuses on the national digital economy development strategy, combined with the digital economy development plan of Hebei Province and the development needs of digital economy in various places, focusing on screening new infrastructure, 5G+, big data, blockchain, new smart city construction and other projects.
Investment and Financing
Investment and Financing
Hedge fund Polychain Fund I LP has raised another $19.5 million in the past year
The cross-chain liquidity channel project RAMP DEFI completed an excess private placement of more than US$1 million
global policy
global policy
Qatar plans to become the largest spender on blockchain technology in 2021 and is considering issuing a CBDC
Character·Voice
Character·Voice
Shen Danyang, vice governor of Hainan Province, said that Hainan will continue to promote the innovative development of REITs, promote the marketization and standardization of infrastructure investment and financing, and fully guarantee the financing needs of key parks and key projects through innovative financial products. Hainan will also actively strive for the application of legal digital currency pilots in cross-border trade, cross-border investment and financing, and penetrating supervision in Hainan Free Trade Port. Hainan is piloting to expand the scope of credit assets that can be transferred out across the border and the scope of participating institutions, and the external transfer of domestic credit assets is beginning to be implemented.
Kava CMO: As the DeFi industry grows in the next decade, more decentralized financial products and services will emerge
Kava Chief Marketing Officer (CMO) Sarah Austin said that in the next decade, as the emerging DeFi industry continues to grow at an exponential rate, we will see more and more decentralized financial products and services. Recent developments in digital finance point to digital currencies. For the first time in the history of money, we are seeing the $5.5 trillion banking market turned upside down as a result of financial technology developments. History tells us that technology always wins. Whoever has the best technology wins the customers.
