DeFi Daily | SushiSwap launches “Multi-chain Expansion Fund” and other 5 proposals for governance voting

DeFi data

1. DeFi total market value: 115.289 billion US dollars


Source of top ten currency ranking data by market value DeFibox

DeFi total market value data source: Coingecko

2. Transaction volume on decentralized exchanges in the past 24 hours: US$ 3.95 billion


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

Top 10 DEX by trading volume Source: DeFibox

3. Total borrowings of DeFi lending platform: 27.67 billion US dollars


Data source of total borrowings on DeFi lending platform: Debank

Ranking of the top ten lending platforms in terms of lock-up volume. Source: DeFibox

4. Assets locked in DeFi 79.79 billion



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

DeFi hotspot

1. SushiSwap launches “multi-chain expansion fund” and other 5 proposals for governance voting

According to official news, SushiSwap launched 5 proposals for governance voting: 1. Multi-chain expansion fund: In order to maintain and expand to a wider list of sidechains and second-tier solutions, the proposal proposes to bridge 2% of the 5 basis point fees to SushiBar conducts operations management. 2. oSushi Signal: Follow-up specifications and parameter adjustments will be made. 3. Sushi Samurai: is applying for funding to help users solve problems, create a multilingual customer service portal, etc. 4. SHŌYU NFT maintenance grant: Complete the first version of Shoyu, complete the v0 front-end at the end of August, v1 and v2 in the next few months. 5. Kanpai: Introduce the “payment ratio” parameter of governance control, with ETH and stablecoin Instead of selling SUSHI to realize the diversification of the funds, a small amount of xSushi pledges will be transferred to the fund library in the form of.

2. Aave founder: Aave social media protocol accounts can use the Ethereum wallet

Aave founder Stani reposted a tweet from Twitter founder Jack Dorsey, stating that each account of the Aave social media protocol can carry its own Ethereum wallet and audience.

3. Mimo, a decentralized euro stablecoin platform, has integrated Polygon

Mimo, a decentralized euro stable currency platform, has integrated Polygon to bring additional utility to its network through faster and cheaper services. Users can cast PAR on Polygon and earn MIMO. The Mimo DeFi platform allows its users to mint euro-linked stablecoins through algorithms without spending any digital assets. Cryptocurrency investors can pledge any cryptocurrency they hold. Investors can do this and mint PAR at the same time to increase their assets and maintain continuous cryptocurrency exposure. In the first three months after the start of the project, Mimo’s total lock-up (TVL) exceeded 60 million euros, setting a new high. In June of this year, the project announced that its stable currency PAR linked to the euro and governance token MIMO were launched on the Bittrex Global exchange.

4. DeFi index provider Phuture will integrate Chainlink to feed prices

DeFi index provider Phuture announced that Chainlink price feed will become the source of truth for Phuture’s asset pricing. As part of its mainnet launch, Phuture will integrate 33 Chainlink feeders, and plans to integrate more feeders in the future. Phuture will refer to Chainlink’s industry standards to feed prices when casting, trading, and redeeming crypto indexes, as well as calculating the net asset value (NAV) of the index and the world state of the agreement.

5. Neko Network attack report released: Lost 4 million US dollars, hackers have returned 1.8 million US dollars

On August 13th, MazeProtocol released a report that NekoNetwork was attacked. The attacker used a loophole in the MainPool contract to directly borrow funds from his own address. After detecting the attack, the NekoNetwork asset pool was frozen to prevent damage. Due to the time lock, funds cannot be opened for the next 24 hours. Once the pool is open, NekoNetwork will allow users to repay their debts and get their funds back. There was no loss in the reserve pool and LP pool in this attack. The smart contract of neko-core-protocol has never been open source, and was audited by two security companies, Certik and Samrtstate, before deployment. There were 17 victims in this attack, resulting in a loss of 4 million U.S. dollars, mainly concentrated on a whale user (approximately 3.8 million U.S. dollars), and other accounts lost 296,000 U.S. dollars. The attacker returned approximately $1.8 million in funds to the deployer address of the team after the incident. The funds returned by the hacker will be transferred to the victim’s account to be used to repay the debt.

6. Ethereum core developer Péter Szilágyi launches NFT “I’m The Chad”

Ethereum core developer and Ethereum client Geth developer Péter Szilágyi launched its first NFT “I’m The Chad”, which is a global single NFT. When basefee is higher than the previous time, anyone can re-own Its take away. The image of the NFT contains the current basefee that needs to be bid, and the description contains all the Chad Hall of Fame that takes ownership from others.

7. Alpha Finance Lab announced the launch of Alpha DAO in phases

The cross-chain DeFi platform Alpha Finance Lab will launch Alpha DAO in phases. The first phase will be launched this month. The goal is to drive the community to participate in the process of product manufacturing, product delivery, and project incubation. Specific measures are to improve transparency and improve product development. , Partnerships, new product ideas and more contact with the community. The proposal submitted in the first phase will be voted by the Alpha DAO temporary designator. In the future phase, the temporary designator of Alpha DAO will be replaced by Alpha DAO representatives elected by Alpha stakeholders. Community members can participate in the first phase of Alpha DAO through discussions, bi-weekly telephone exchanges with Active Alpha Wolves, and Alpha podcasts.

8. YIN Finance: More than 20,000 users participated in the alpha testnet

According to the official Twitter of YIN Finance, a decentralized liquidity management agreement, more than 20,000 users have participated in the alpha testnet in the past two weeks, created more than 15,500 YANG smart vaults, and managed more than 69,000 liquidity times.


1. The first batch of “TME Digital Collection” by Tencent Musicians will be launched soon

On August 13th, Tencent Musicians under Tencent Music Entertainment Group (TME) announced today that they will unite musicians and artists such as Zhang Chu, Zhou Chuanxiong, Mo Xizishi, Xiao Quan, Zhang Gazuo, and Yike Xiaosong to launch the first batch in the near future. “TME Digital Collection”. “TME Digital Collection” is an innovative electronic collection based on blockchain technology launched by TME in early August this year. It includes video/audio, vinyl records, star peripherals, etc., and has the same features as physical albums and hand frames. The collection value is more abundant, and the number of digital collections is more abundant. Compared with the traditional collections that are difficult to distinguish between true and false and difficult to prove their rights, they are more authentic and credible.

2. COOK and NFT as a service platform Project Galaxy reached a cooperation

The asset management platform COOK and the NFT-as-a-service platform Project Galaxy have reached a cooperation. The two parties will work together to create gamified finance, which will bring a new experience to NFT gamefi and provide an NFT reward mechanism for community activities. It is reported that Project Galaxy, the NFT-as-a-service platform, has already reached cooperation with DeFi head projects such as 1inch Network, Yearn Finance, and so on. This time we are cooperating with the COOK team to provide users with a better NFT gamefi experience.

3. Axie Infinity’s single-day income is 13.83 million U.S. dollars

Golden Finance reports that according to TokenTerminal data, the NFT+ blockchain game project Axie Infinity has a single-day revenue of 13.83 million U.S. dollars, a total of 99.17 million U.S. dollars in the past 7 days, and a total of 31.56 million U.S. dollars in the past 30 days. The market shows that the current AXS offer is $67.22, an intraday increase of 0.42%.

4. Polygon’s new game studio launches cricket NFT platform Rario

Golden Finance reported that Polygon’s new game studio launched the Cricket NFT platform Rario. Rario is an officially authorized cricket NFT platform that allows fans to collect and trade iconic moments in cricket history. The platform was announced on Thursday. The platform will be integrated with Polygon, a layer 2 Ethereum scaling solution. The platform has cooperated with cricket leagues around the world, including the Lanka Premier League and the Caribbean Premier League, as well as cricket stars such as former Indian cricket player Zaheer Khan and South African cricket player Faf Du Plesis.


Posted by:CoinYuppie,Reprinted with attribution to:
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