Odaily Planet Daily News Decentralized lending protocol Silo announced the launch of the OP Mainnet on X. With a deposit of $1.3 million, Silo Optimism started the initial OP distribution in 9 markets, including OP, wstETH, wBTC, tBTC, rETH, strxeth, VELO, sUSD, and SNX, where users can deposit in any market to borrow ETH and USDC. In stage 1, 100,000 OP will be allocated to the initial market. Over the next 60 days, the official team will launch a series of new markets and optimize incentive distribution based on protocol revenue indicators. The remaining 150,000 OP will be allocated in the second phase, during which rewards may be rebalanced based on historical activities. New markets will also be launched and may be included in the incentive category.

PANews reported on May 6 that, according to Cointelegraph, Jameson Lopp, co-founder of Casa, a Bitcoin hosting company, said that due to factors such as "Block storms", Bitcoin Testnet occasionally generates more than 10,000 Block in a single day, which leads to the current Block Height of the Testnet network at 2,811,000, which is equivalent to the height of the Bitcoin Mainnet in 2061. As a result, the rewards for Miners on the Testnet have been reduced to near zero, making the network virtually unusable for developers. In addition, Lopp said that the currently scarce Testnet network Bitcoin is being adopted by certain projects that want to take advantage of the scarcity of Token. "It's not uncommon for malicious actors to take advantage of people's innocence and sell them Testnet Bitcoin for Mainnet Bitcoin Exchange Rate," he said. He gave a recent example of a Bitcoin-based Layer2 network called SatoshiVM that has been using TBTC to distribute Airdrops to its holders as an example of a project that creates artificial value on the Testnet for its own purposes. He named several projects, including a DEX called MotoSwap and a brokerage called Buy Tesnet, both of which are selling Testnet Token to users. Lopp adds, "What is wanted is that every Wallet that supports Testnet should have a prominent disclaimer on the home screen stating that Testnet Token has no value. ” Ultimately, Lopp concludes that the only way to ensure that testnets don't accumulate value is to "foster a culture of regular resets" and advises Bitcoin developers and users to migrate their infrastructure to "Testnet 4" in the coming months.

The Curve team launched a proposal on the forum, proposing to change the interest rate parameters of its lending platform LlamaLend on the Ethereum network. The proposed changes involve interest rates set at a minimum of 0.5% and a maximum of 25% for the WETH and tBTC markets, 1% to 30% for wstETH, and 3% to 60% for CRV. The proposal says the goal of the change is to make the borrowing rate at 80% utilization roughly equal to the current market rate.

According to Golden Finance, the Solana eco-lending protocol Solend said that with the passage of the governance proposal SLND9, tBTC has been listed as an independent asset in the Main Pool.

PANews reported on October 8 that PeckShield_ tweeted that the FTX hacker address (marked as FTX Accounts Drainer on the chain) currently holds $157 million worth of cryptocurrency on Ethereum, mainly 95,750 ETH. FTX Accounts Drainers has transferred 90,000 ETH and exchanged 3,200 ETH into approximately 194.2 tBTC. They also exchanged 86.75K ETH for approximately 4,823.7 BTC through Thorchain and sent 53 ETH to railgun.

Golden Finance reported that according to PeckShield monitoring, as of October 7, 2023, the address labeled by the FTX account Drainer held $157 million worth of cryptocurrency on the Ethereum chain, mainly including 95,750 ETH. FTX account Drainers has transferred 90,000 ETH and exchanged 3,200 ETH into approximately 194.2 tBTC. They also exchanged 86,750 ETH for approximately 4,823.7 BTC via Thorchain and sent 53 ETH to railgun.

Golden Finance reported that deBridge co-founder deAlex commented on the issue of "addresses related to the FTX vulnerability transferring funds through multiple cross-chain projects", saying that someone used the 0day in the tBTC client to freeze nodes on the Threshold network and prevent them from fulfilling their obligations. tBTC redemption requests, including from FTX exploiters. The single approver address in the WalletCoordinator contract is a US entity and is obligated to review by law.

[Project Introduction－DLC.LinK 👀 ] DLC.LinK brings Bitcoin from the Bitcoin network to Ethereum, realizing mortgages and lending in the DeFi world. The current application scenario is to cooperate with makersDAO or Curve to liquidate directly on the Bitcoin chain and redeem Bitcoins on the Bitcoin network. This is different from the current centralized system that requires real-name verification before selling in the market. This concept has actually been implemented in RenProtocol and TBTC. You buy renBTC on Curve, destroy renBTC when you redeem it, enter your Bitcoin address, and the RenProtocol node will send the BTC to your wallet after verification. If you are interested, you can go to DLC.LinK - Documentation to read it. There will be more details on how to maintain decentralization or how to cooperate with some products, etc. Hope this article helps you ✅Follow👍Click up #cryptocurrency##currency circle##encapsulated bitcoin##BTC

PANews reported on October 1 that according to Spot On Chain monitoring, the FTX attacker address 0x3e9 transferred a total of 10,250 ETH ($17.1 million) through 5 addresses in the past 24 hours. Among them, 7,749 ETH, equivalent to approximately US$13 million, were sent to the Thorchain router and Railgun contract; at the same time, 2,500 ETH (US$4.19 million) were exchanged for 1,53.4 tBTC, with an average price of US$27,281.

Golden Finance reported that according to Spot On Chain monitoring, the FTX attacker address 0x3e9 transferred a total of 10,250 ETH ($17.1 million) through 5 addresses in the past 24 hours, of which: 7,749 ETH was sent to the Thorchain router and Railgun contract. , approximately US$13 million. 2,500 ETH ($4.19 million) were exchanged for 153.4 tBTC at an average price of $27,281. It is worth noting that the address has been very active since waking up and may continue to transfer ETH outward, most likely to Thorchain.

Odaily Planet Daily reported that according to CertiK monitoring, the FTX attacker address has transferred another 1,250 ETH to the EOA address (starting with 0x415). Earlier today, it was reported that the FTX attacker’s address had exchanged 1,250 ETH for 76.8 tBTC.

7:00-12:00 Keywords: Paradigm, Curve, DRiP, Hong Kong 1. Offchain Labs once again accumulated 1.367 million ARBs; 2. Paradigm launched Rivet, a wallet tool for developers; 3. The founder of Curve pledged about 14 tBTC to mint 261,000 crvUSD; 4. DRiP, an NFT project on the Solana chain, completed a $3 million seed round of financing; 5. Dogecoin founder: 10 years ago, he created Dogecoin with the help of social media platforms; 6. In August, the Hong Kong police arrested 458 people in an anti-money laundering campaign involving 470 million yuan. Some people were lured into opening accounts in virtual banks.

According to PANews news on August 27, on-chain data shows that Curve founder Michael Egorov’s address mortgaged 14.15 tBTC to borrow more than 261,005.2 crvUSD.

On August 27th, according to the data on the chain, Curve founder Michael Egorov’s address mortgaged 14.15 tBTC, and minted about 261,000 crvUSD.

Odaily Planet Daily News According to official news, the privacy protocol Threshold Network stated that tBTC redemption has been launched on the main network. Bitcoin holders are able to transfer and spend Bitcoin within the DeFi ecosystem through a scalable, decentralized solution without asking anyone for permission. Users can mint tBTC and redeem it for native BTC at any time.

On July 27th, the privacy protocol Threshold Network issued a document stating that tBTC redemption has been launched on the main network, and BTC holders can now transfer and use BTC in the Ethereum DeFi ecosystem without restrictions. Users can mint tBTC and redeem it for native BTC at any time. In October 2020, Threshold Network launched tBTC v1.

Privacy protocol Threshold cooperates with Wormhole to support the transfer of tBTC to more than 20 blockchains Foresight News, according to CoinDesk, the privacy protocol Threshold Network has reached a cooperation with cross-chain token agreement Wormhole, and the integration with Wormhole will support the transfer of tBTC to 20 blockchains. The blockchain ecosystem, including EVM-compatible chains such as Arbitrum, Optimism, and Polygon, and non-EVM chains such as Solana, Aptos, Sui, and Cosmos. #blockchain# Wormhole proposed integration into the Threshold community in mid-April, saying its goal is to help tBTC become the dominant Bitcoin token in the on-chain DeFi ecosystem. The proposal was fully approved on April 29 following a governance vote.