“MKR holders have accepted WBTC (wrapped Bitcoin) as a new collateral asset in the Maker Protocol. WBTC will help bring greater liquidity to the Ethereum and decentralized finance (DeFi) ecosystems, and to decentralized exchanges (DEXs).
The fourth collateral type approved by MakerDAO Governance, WBTC can now be used in addition to ETH, BAT, and USDC to open Maker Vaults in order to generate Dai.
The addition of WBTC means that Bitcoin holders can now turn their BTC into WBTC (bring Bitcoin to the Ethereum blockchain), and then use it to generate Dai.“
See Also: Guide: How to use Bitcoin to Generate Dai
“dYdX is launching Perpetual Contract Markets that enable trading of any non-Ethereum based asset. The first market to go live is entering private Alpha today: BTC-USDC with up to 10x leverage.
Perpetuals have been popularized by a number of centralized exchanges over the last few years. Today, we are thrilled to launch the first ever decentralized Perpetual Contract Market. For the first time DeFi users will have access to liquid trading of BTC.
We believe decentralized perpetuals are a big step forward for the industry, and are a natural fit for DeFi.”
“Balancer is what you’d get if Uniswap and Set had a baby.
It’s like Set because it can be used to bundle any group of assets into a single ERC20 token—say an index fund token composed of 50% ETH + 20% MKR + 30% DAI—and it auto-balances to always maintain the same proportion.
And it’s also like Uniswap because it’s an automated-market maker that can be used as as liquidity infrastructure for the entire DeFi economy.“
Good read.
“Essentially, the BSN will be the backbone infrastructure technology for massive interconnectivity throughout the mainland, from city governments, to companies and individuals alike. The network will also form the backbone to the Digital Silk Road to provide interconnectivity to all of China’s trade partners around the globe.
The BSN will be a new internet protocol to allow a more efficient way to share data, value and digital assets. The BSN launch will allow companies to access ultra-low cost blockchain cloud computing services. Target pricing is less than $400 USD/year.
The central government has developed a master top-down plan to connect all the major cities in the country, rolling out to 200 cities over the next year and rapidly to all 451 prefecture-level cities thereafter.
There are various blockchain-as-a-service applications being developed simultaneously, many of which are already being deployed by city governments to provide services for citizens across the mainland ranging from paying utility bills to registering company credentials.
While the BSN itself is a permissioned chain forked from Hyperledger Fabric, it will allow interoperability with public chains and other decentralized platforms, such as Hyperledger Fabric, Ethereum, EOS as well as most relevant mainland-based blockchain protocols for enterprise.”
See Also: Meet Red Date, the Little-Known Tech Firm Behind China’s Big Blockchain Vision
See Also: Do we still need state channels?
The Disrupt 