∎ SushiSwap TVL Soars to $1.3B, Reclaims Top-Five DeFi Ranking
Following the transfer of control to Sam Bankman-Fried (CEO of FTX), SushiSwap's native token SUSHI rebounded to $3.15**, marking a **73.63%** 24-hour surge. The platform’s **Total Value Locked (TVL)** surged **40.35%** to **$1.3 billion, reinstating its position among DeFi’s top five protocols.
👉 Explore DeFi rankings on DeBank
∎ Cream Finance Extends Token Vesting to 4 Years, Adds Multisig Holders
Cream Finance (CREAM) introduced three new multisig wallet signatories:
- Paul Veradittakit (Pantera Capital)
- Kyle Samani (Multicoin Capital)
- Sam Bankman-Fried (FTX/Alameda Research)
Key updates:
- Team token vesting period extended from 2 to 4 years.
- 92.5% of CREAM’s total supply (8,325,000 tokens) is held in multisig wallets.
- Launched CREAM Swap, a flash-swap product.
∎ Binance Launchpool Debuts with Bella Protocol (BEL) Mining
New offering: Users can mine BEL tokens by staking:
- BNB (90% allocation)
- BUSD (9%)
- ARPA (1%)
Details:
- Mining duration: 30 days (starting Sept 9).
- Total BEL supply: 100M, with 5M allocated for mining.
- BEL trading pairs (BTC, BNB, BUSD, USDT) go live on Binance Sept 16.
∎ Alameda Research Dominates WBTC Minting in August
70% of all Wrapped Bitcoin (WBTC) minted in August (~14,000 BTC) was initiated by Alameda Research. WBTC remains the leading Bitcoin-pegged token, comprising 60%+ of cross-chain Bitcoin assets.
∎ BitMax to List Stafi (FIS) via Dual Auction Model
Stafi (FIS), a Polkadot ecosystem project, will debut exclusively on BitMax on Sept 11. Users can participate in:
- Lottery-based auction (fixed price).
- Bid-ranking auction (competitive pricing).
Max allocation: 3,400 FIS per user.
∎ Huobi Launches HT/HPT Lockup for DeFi Mining
Program highlights:
- Lock HT (min 100) or HPT (min 100K) to earn DeFi rewards.
- Estimated APY: 50%–300%.
- Initial pool: **$5M USDT** (scaling to $10M).
∎ AMPL Geyser 2: Second Mining Phase Begins Sept 10
Rewards: 1% of AMPL’s supply (~4.95M tokens) over 3 months.
Multipliers:
- 2x for 1-month staking.
- 3x for 2-month staking.
∎ Band Protocol Clarifies CTO’s Role in SushiSwap Code Review
CTO Sorawit Suriyakarn audited SushiSwap’s code solely to ensure safe deployment of BAND tokens in its pools. The team denied any operational involvement with SushiSwap.
FAQ Section
Q1: How does Binance Launchpool differ from traditional mining?
A1: Launchpool lets users stake existing assets (e.g., BNB) to mine new tokens without upfront capital, minimizing risk.
Q2: Why did Alameda mint so much WBTC?
A2: Likely to leverage yield opportunities in DeFi protocols like Compound, where WBTC earns interest.
Q3: Is HT lockup on Huobi risk-free?
A3: While APY is attractive, rewards depend on DeFi project performance—always assess smart contract risks.