On October 16, the lending protocol 2.0 of Cheese Bank, was launched. The lending service and the innovative liquidity pool (LP) token as collateral mechanism was launches, as well as the second stage of yield-farming. In less than 24 hours, the total borrow amount of Cheese Bank exceeded 1 million US dollars, which was warmly supported by users. At present, the price of Cheese token is at US $0.26, which still has a large space for increase compared to other lending platforms.

Image for post
Image for post

The version 2.0 of Cheese Bank lending protocol officially launched at 04:00 PM on October 15, 2020(GMT). With immediate effect, Cheese Bank will launch the lending service and the innovative liquidity pool (LP) token as collateral mechanism, as well as launching the second stage of yield-farming. Up to now, the maximum Total Value Locked (TVL) on Cheese Bank contract has reached 13 million US dollars, the innovative mechanism has been reported by Yahoo Finance, PR News Agency, and CoinSpeaker etc.

Image for post
Image for post

*Investment advice: Cheese Bank has passed the SlowMist Smart Contract security audit.


October 13th, the Total Value Locked (TVL) of yield-farming on Cheese lending protocol of cheese bank, a decentralized digital bank, exceeded US $10 million. At present, the price of Cheese is 0.67 U.S. dollars, and there is still a large space for increasing. The first stage of yield-farming on Cheese lending protocol will end on October 15. In the second stage, the lending service and mechanism of “LP tokens as collateral” will be launched soon, and the system will will readjust the reward for the release of cheese token, 40,000 cheese tokens will be released per day. Yahoo Finance, PR News Agency, and CoinSpeaker etc. made extensive reports on the innovation mechanism of Cheese Bank a few days ago.

https://cheesebank.io/farms

Image for post
Image for post

*Investment suggestion: cheese bank has passed the slow fog technology smart contract security audit, and the audit result is fully passed.


On October 11, Cheese, a lending protocol yield-farming token issued by decentralized digital bank Cheese Bank, rose to a maximum of US$0.7, then fell back to stabilize to US$0.68, achieving a maximum increase of 300% in three days. At present, the total value locked (TVL) on the Cheese Bank smart contract exceeds US$8 million, and Uniswap’s liquidity is over US$500,000, and the project has entered a period of rapid growth. According to analysis, compared with the prices of other lending platforms, Cheese Price is most likely to reach a target of US$10–18, which has big space for going up.

Cheese Bank’s core innovation mechanism “LP Tokens can be used as collateral” has attracted much attention. It has been reported by Yahoo Finance, PR News Agency, and CoinSpeaker etc.

*Investment advice: Cheese Bank has passed the SlowMist Smart Contract security audit.


Prologue

The People’s Bank of China has recently stepped up the promotion of DECP, a legal digital currency. In time, it will not only replace the circulation of paper cash, but also deal huge blow and pose great challenge to third-party payment systems. In the future, the pattern of Chinese payment systems is sure to undergo earthshaking changes. Meanwhile, the release of digital currencies by the People’s Bank of China will also cultivate users’ habit of using personal digital encrypted wallets, which will promote the popularization of block chain digital assets and DeFi to a certain degree. …

About

ToDeFi

ToDeFi is a platform focusing on blockchain data and information analysis.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store