DeFi Daily | Arbitrum permission-free token bridging function will be open to all projects on October 22

DeFi data

1. The total market value of DeFi US$ 121.71 billion

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DeFi total market value data source: Coingecko

2. Transaction volume on decentralized exchanges in the past 24 hours: 3.41 billion

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Source of transaction volume data on decentralized exchanges in the past 24 hours: Debank

3. Total borrowings of DeFi lending platform: 29.73 billion US dollars

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Data source of total borrowings on DeFi lending platform: Debank

4. In DeFi lock assets: 819.9 Yi Meiyuan

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The top ten rankings of locked assets in DeFi projects and the amount of locked positions, data source: Debank

DeFi hotspot

1. Arbitrum’s permission-free token bridging function will be open to all projects on October 22

September 13 news, Ethernet Square expansion program Arbitrum announced that its free license tokens bridging function will be October 22 is open to all projects, this function will be applied to the basic functions and ERC20 tokens available on L1 and L2 Transmissibility can also allow project parties or individuals to deploy functions such as governance, snapshots, etc. to ERC20 tokens. Arbitrum said that the project party needs to confirm in advance the functions that need to be deployed, or expand from basic functions to include special functions such as governance and snapshots, and the upgrade process will be very complicated. In addition, before October 22, this function will only be available to the project tokens in the whitelist, and the project party can contact Arbitrum for advance deployment.

2. The total lock-up volume of the Ethereum L2 network exceeded US$3 billion, with Arbitrum accounting for 73.75%

Golden Finance reports that L2BEAT data shows that as of September 13, the total lock-up volume on Ethereum Layer 2 has exceeded US$3 billion. Among them, the highest lock-up volume is the expansion plan Arbitrum, which is about 2.2 billion U.S. dollars, accounting for 73.75%. Followed by dYdX , with a lock-up volume of over US$329 million, accounting for 10.89%; Optimism ranked third with a lock-up volume of US$155.7 million, accounting for 5.14%.

3. AC, the founder of Yearn.finance, launched the Rarity ecosystem bounty, up to a maximum of 100,000 US dollars per single

On September 13th, Yearn.finance founder Andre Cronje launched an ecosystem bounty for Loot-like game Rarity: Expansion: up to US$5,000.00 (e.g. Rarity Names, Rarity Forest); UI: up to US$20,000.00 (depending on the features implemented) ; Integration: Up to USD 20,000.00 (Use Rarity NFT in your game); Complete game: Up to USD 100,000.00. All bounty requests must be submitted through github Issues.

4. DefiPrime: Zabu Finance was attacked resulting in the theft of $3.2 million in crypto assets

On September 13, the DeFi portal DefiPrime stated on Twitter that Zabu Finance on the Avalanche chain was attacked, resulting in the theft of $3.2 million worth of encrypted assets, including: WETH: 402.9 WAVAX: 23,157 PNG: 21,501 AVE: 106,848 USDT : 361,267 JOE: 23,958.93 DefiPrime said that this may be the biggest attack on the Avalanche chain. Earlier, it was reported that the Zabu Finance project on Avalanche was stolen and the ZABU currency price plummeted.

5.Yam Finance plans to send the 20 billion YAM minted by mistake to its DAO treasury for destruction

On September 13th, the DeFi project Yam Finance released an analysis of the YAM casting vulnerability. The team discovered on September 9 that because of Yam’s on-chain governance proposal YIP-79, 20 billion YAM tokens were erroneously minted and sent. To the YAM multi-signature address, but because the YAM token contract is not allowed to be sent to the destruction address, they cannot be destroyed directly from the multi-signature address. The team stated that the solution is to send 20 billion YAMs to the DAO vault controlled by token holders and destroy them in the next on-chain governance proposal to ensure that these tokens are not used or distributed before they are destroyed. The proposal is in progress. Under development, it is expected to be implemented this week.

6. The DeFi revenue management framework Stone announces that the product beta test has successfully ended

On September 13th, the DeFi revenue management framework Stone announced that the product Beta test has been successfully concluded, and users who participate in both Alpha and Beta on the Ethereum mainnet will receive additional rewards. In addition, STONE decided to airdrop 1,500 STN to Beta users who have joined the BSC and Matic networks.

7.DINA announced the launch of DinaSwap and pledge mining PLAY

According to official sources, DINA announced the launch of DinaSwap. DinaSwap can help people exchange USDT tokens for DINA tokens. Using DinaSwap to purchase DINA tokens will automatically pledge and mine to obtain the early meta-universe concept token PLAY. The relationship between DINA/PLAY and AXS/SLP is similar. The top mine will be opened at 3:14 AM on September 14th, Beijing time. The DINA operator announced that when the DINA community and liquidity pool become stronger, the operator will negotiate with game developers to apply PLAY tokens to GameFi & Meta universe.

8. Flux V3 cross-chain lending has been developed and officially launched

According to official sources, Flux V3 has been developed and will be officially launched at 10:00 on September 13, and has been deployed in OKExChain (OEC), Binance Smart Chain (BSC) and Huobi Ecological Chain (HECO). Currently BTC, ETH , USDT, USDC, DAI digital assets can realize the lossless cross-chain deposit, withdrawal and borrowing functions of assets through Flux V3. The Flux protocol is a decentralized digital encrypted asset mortgage lending protocol developed by the ZeroOne team. Flux V3 is a cross-chain loan agreement product.

NFT

1. Data: The 7-day transaction volume of the top 6 projects in the NFT market dropped by over 50% on average

According to the news on September 13th, according to Dapp.com data, the 7-day transaction volume of the top 6 NFT projects/platforms dropped by over 50% on average. Among them, the 7-day transaction volume of OpenSea, CryptoPunks, and SuperRare decreased by 58.89%, 56.39%, and 53.19%, respectively.

2. Data: OpenSea transaction volume fell to 52.6 million US dollars yesterday

According to news on September 13, according to Dune Analytics data, the NFT market’s OpenSea transaction volume has fallen for several days, falling to 52.6 million U.S. dollars on September 12, a drop of more than 80% from the peak of over 320 million U.S. dollars on August 29. The trading volume in the previous two days was 68.86 million U.S. dollars and 93.53 million U.S. dollars. Nevertheless, OpenSea transaction volume has reached 1.37 billion U.S. dollars so far in September, with fees of 85.61 million U.S. dollars, nearly 166,000 monthly active traders, and more than 600,000 transactions.

3. The film production company raises funds for the movie “We Are As Gods” in the form of NFT, and will be shown free of charge after raising 900 ETH

On September 13th, the film production company Structure Films created crowdfunding for the movie “We Are As Gods” on the decentralized content publishing platform Mirron to raise funds in the form of NFT, with the goal of raising 900 ETH (approximately US$2.947 million). At present, the project has raised 48.69 ETH (approximately 157,000 US dollars), and the crowdfunding will be closed on October 10. If the fundraising goal is completed, the film will be provided to everyone for free, and the user who donated the funds will be airdropped through the Fractional fragmented dynamic poster NFT “This Film Wants To Be Free”, which represents part of the ownership of the film (according to the percentage of contribution) ).

4. Axie Infinity COO: The current cost of AXS is not balanced relative to the cost of each product of SLP, and will be adjusted in the future

Golden Finance reported that Aleksander, the chief operating officer and co-founder of the NFT “play while earning” blockchain game project Axie Infinity, tweeted to explain the imbalance between the cost of AXS and the cost of each SLP variety. He said that he wanted to Make some clarifications on SLP and project growth. First of all, Axie Infinity cares about SLP, because it is related to Axie price and reproduction. Many players rely on SLP, but now the cost of AXS is not balanced with respect to the cost of each variety of SLP, and more will be done in the future. Adjustment. In fact, Axie Infinity has just begun. As time goes by, more features will be released and Axies will receive more tokens, so longer-term considerations are needed.

5. The Loot community voted to pass the LIP-0 proposal to support the destruction of Loot contract keys

According to official sources, the Loot community voted to pass the LIP-0 proposal with a support rate of 88%, supporting the destruction of the Loot contract key. Destroying the secret key is a manual operation of the current contract owner and will happen after the community’s voting on the owner’s bags ends. Therefore, the next step will be to vote on the formalization of the LIP protocol and discuss how to deal with the owner’s package before the proposal. Earlier news, Loot founder Dom Hofmann proposed to destroy the Loot contract key to eliminate any individual and organization (such as DAO and multi-signature) as its owner. Dom Hofmann stated in the proposal that after weighing the pros and cons of destroying the Loot contract key, he chose to favor the destruction of the key because it will help promote the decentralization and equality of the project. The voting on the proposal will continue until 0:00 on September 13, Beijing time. In addition, at least 60% of the people must vote for the destruction of the key, otherwise it will be retained by default.

6. Data: NFT project Sneaky Vampire Syndicate has a 24-hour trading volume of 3090 ETH

On September 13th, according to data from Nansen NFT Paradise, the NFT project Sneaky Vampire Syndicate had a 24-hour transaction volume of 3090 ETH, ranking first. The highest transaction price is 3.8 ETH, and the average transaction price is about 0.41 ETH. Earlier news, Sneaky Vampire Syndicate will allow the public to mint 8,888 NFT at a price of 0.08 ETH ($313) in the next few weeks.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/defi-daily-arbitrum-permission-free-token-bridging-function-will-be-open-to-all-projects-on-october-22/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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