Bancor Bancor Bancor completed its fundraising in June 2017, raising $150 million, which set a record for fundraising at that time. Tim Draper also participated in the investment. According to chain news's earlier report, the name of Bancor project comes fromPrecious metal rhodium price the "international Keynesian plan", in which Bancor acts as a super sovereign reserve currency to promote international currency exchange after World War II. Bancor protocol allows users to convert between any two tokens at a price automatically calculated by the program, without the need for counterparties due to built-in liquidity. The innovation of Bancor protocol compared with the traditional transaction mode is that it can convert the token directly and quickly without matching the buyers and sellers. Not every buyer needs a seller, and vice versa, to complete the conversion of low liquidity currencies. One of the key elements that Bancor trading platform can implement is automatic pricing, which is set by Bancor formula. They call this strategy "constant reserve ratio", and Bancor protocol can provide liquidity and asynchronous price implementation for existing tokens. It can realize token conversion according to the "calculated price", thus providing continuous liquidity for small-scale currencies and forming a long tail. The whole process of price calculation and transaction is performed by smart contracts. Bancor token acts as the hub token connecting all the tokens in the network, making it easy for them to switch to each other. According to the experience of block123.com, Bancor can directly log in and trade with metamask, or sign up for a new account. The platform can realize the direct conversion of any two erc-20 tokens, but Bancor can not register orders, that is, users can only buy and sell at the market price. Of course, the transaction speed is very fast, and the time consuming is the time of eth network confirmation. In short, Bancor trading platform is a practitioner of the long tail theory, whose starting point is to solve the liquidity problem of small and medium-sized currencies. Bancor solves this problem through a set of solutions completely different from the traditional exchange, which is very eye-catching and is indeed the rigid demand of the market. Bancor bancorbntbancor view more v2.1 has announced that it has passed the community vote and has been launched on the main network.
Beam, the Anonymous Coin project, said, "its defi ecology will allow privacy stable coins to run on beam. Privacy stable currency is coming, and in the future, DFI will have privacy. According to previous reports, guy corem, head of the beam foundation, said: "beam will launch private and profi tools in the future, such as private stable currencies and private synthetic assets tracking commodities, stocks and ETFs. These assets will be tradable on a real exchange (DEX). Most of them will be set up and put into use this year. "As part of building privacy defi applications on the beam platform, we will create a side chain based on the privacy protocol mimblewimble, and integrate a variety of scriptless contracts to support escrow, collateralized positions, multi-party transactions, and Oracle based settlement as part of building a privacy defi application on the beam platform. "
The latter two will be listed as the first batch of loan assets in bondedfinance's cryptocurrency loan accelerator product ionic. Bondedfinance will provide more easy-to-use, smart contract driven financial instruments and financial services for the holders of the two projects. In order to incubate and deploy experimental, high-yield, smart contract driven financial instruments, bondedfinance will promote the development of open finance. Bond is an algorithmic model designed to allow eligible supporters of Shanzhai coin projects the opportunity to borrow or pool these assets and make profits. Its mission is to develop and deploy the DFI tools that can provide sustainable returns, and to promote the development of open finance by providing dynamic and practical tokens. Bondedfinance will sell 130 million bond tokens on November 15.
According to kava, a cross chain difi protocol, version 0.11.0 of kavav has been released, which aims to become the standard software version for kava4 main network upgrade. The kava4 version extends the assets supported on kava to BTC, XRP, busd, link, etc., adds coin and burn module, and optimizes cross link bridge technology.
Launched by Andrew Lee, founder of web3journal and focusing on Dao community token, daofidaofidaofi is an extensible trading platform managed by Dao and initiated by Andrew Lee, founder of web3journal. Its main user scenario is the community, and its mission is to provide a lightweight and flexible infrastructure for a healthy token economy. In addition, daofi will be used as the original token to reward network contributors and management protocols. The project will issue 100 million tokens, 40% will be sold, 7% by consultants, 14% by partners, 20% by eco fund and 19% by foundation. Daofi see more about the completion of $6 million of private round financing. According to the white paper of the project, daofi is an extensible exchange managed by Dao (autonomous organization),
In the round table discussion, song Zhengxin, head of GSR Asia Pacific region, said that there are many uncertain factors of liquidity Precious metal rhodium priceprovided by exchanges, and GSR found that the income and risk of defi products were higher than those of centralized exchanges and products in the process of serving customers. Whether such high-yield incentives can be sustained for a long time is the next focus. GSR, who has rich experience in risk management in the traditional financial field, believes that the expectation of return rate should not be blindly pushed up by market fanaticism, hoping to see real innovation of incentive mechanism emerging in the field of DFI, rather than just copying.
The logistics platform dexfreight, together with the financial supply chain exchange platform centrifuge and maker foundation, launched a pilot project, which was carried out on the logistics platform dexfreight,
Twitter announced "suspension of new deposit and loan services" after last week's collapse in the number of locked up assets in Dharma's chain. In response, chief operating officer Brendan Forster said in an interview with the defense that he assured users that the remaining funds were safe and that there were no problems with the platform. "We suspended the system not because of loopholes or any risks, but because we want to give priority to building a better user experience, even if it will temporarily damage Dharma's data and indicators, it will soon be in the future There are new plans. 」#DeFiwithChainNews#
Tinlakev3 introduces a circular pool, which enables the RWA token market to run smoothly and allows the fund pool to repeatedly add assets, which can be continuously funded by AAVE's RWA token market. Adding the RWA token market to the AAVE agreement will allow anyone to invest in the tinlake pool without a minimum investment threshold. Centrifuge uses defi to finance real assets. Through the asset sponsor seeking to finance their rwas, they use centrifuge chains to convert their tokens into NFT and then put them into the tinlake pool for financing. Investors can then use the erc20 stable currency to invest in the tinlake pool to earn returns. Since 2018, centrifuge has been involved in the field of DFI, financing RWA and financing more than $2 million in real-world assets through its tinlakedapp. Centrifuge introduced RWA as collateral in maker, and tinlake has tested it.