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【Dapp Pocket】DeFi Weekly Report: The fourth week of February - Binance Smart Chain (BSC) gaining momentum, Ethereum to undergo Berlin hard fork

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【Dapp Pocket】DeFi Weekly Report: The fourth week of February - Binance Smart Chain (BSC) gaining momentum, Ethereum to undergo Berlin hard fork

Dear DeFi enthusiasts,

While this week's headlines have been dominated by Binance Smart Chain (BSC) and the surge of BNB, let's not forget to cheer for ETH quietly breaking the $2000 mark! Just because the DeFi coin prices may not be as impressive as other chains, it doesn't mean that DeFi development teams are taking a break for the Lunar New Year. This should be clear to our readers!

Headlines this week include: Ethereum developers planning the Berlin hard fork upgrade on April 14; DODO launching on Ethereum and Binance Smart Chain mainnets; Instadapp upgrading to introduce DeFi smart layer DSL and launching governance token Instadapp Token; and Binance Smart Chain's rise in popularity, how do Ethereum developers, KOLs, and Zhao Changpeng view it?

1. This Week's Highlights

Ethereum Developers Plan to Implement Berlin Hard Fork Upgrade on April 14

During the Ethereum core developers' meeting, it was decided that the Berlin hard fork upgrade will take place at block height 12244000 on April 14. This upgrade includes five EIPs, with changes such as various contract optimizations, gas efficiency improvements, updates to the Ethereum Virtual Machine (EVM) code reading, and other changes to prevent DDOS attacks.

DODO Launches on Ethereum and Binance Smart Chain Mainnets

The decentralized exchange platform DODO V2 Beta is now live on the Ethereum and Binance Smart Chain (BSC) mainnets. Users can find the V2 Beta entrance on the official website (app.dodoex.io), and the Ethereum mainnet vDODO membership system has been synchronized online, with member rewards starting at 15:00 on Monday.

Mask Network Airdrop List Now Available

The Web3 privacy product MASK token will distribute 3% of tokens through ITO Initial Twitter Offering, 4% of tokens through Balancer LBP mode for maximum liquidity, and a final 1% token airdrop. The Mask Network Airdrop List query function is now online, and users can update the Mask plugin to the latest version and use this feature.

Balancer Extends Gas Fee Compensation Plan Proposal to March 22

The decentralized exchange Balancer had three new proposals for Snapshot voting this week, including extending the gas fee compensation plan by 4 weeks to March 22; increasing AAVE's liquidity mining cap from $30 million to $100 million; and increasing GNO's liquidity mining cap from $10 million to $30 million, all of which have been approved.

Instadapp Upgrades to Open DeFi Smart Layer DSL, Introduces Governance Token Instadapp Token

The DeFi aggregator platform Instadapp announced a new upgrade plan to transform DeFi Smart Accounts (DSA) into an open DeFi Smart Layer (DSL). Additionally, Instadapp will launch the DSL governance token Instadapp Token, with initial governance consisting of the Instadapp team and investors, holding 45% of the total supply, while the remaining 55% will be used for ecosystem growth. The official token and corresponding distribution are expected to start in March, followed by detailed information on token distribution and initial liquidity mining.

Binance Smart Chain BSC Trending: Perspectives from Ethereum Developers, KOLs, and Changpeng Zhao?

Ethereum is slow and expensive, although activities on the chain remain active, it has become a "noble sport." The Binance exchange's Binance Smart Chain BSC has gained popularity as it is fast and cheap, but the downside is its relatively centralized nature. In response to the emergence of BSC, insights from various experts have been compiled.

🚀 DeFi Protocols

🔥 DeFi New Issuance

🔗 Blockchain

🏛 Exchanges, Regulations, Institutions

2. Expert Perspectives

Tesla CEO Elon Musk: Just because a website says you have gold doesn't mean you actually have gold. You might as well have crypto.

Binance Founder Changpeng Zhao CZ: When banks ban "cryptocurrency," they are not stopping the development of cryptocurrency, but...

EthHub Co-founder Anthony Sassano: These are the three most common mistakes I see in investing in cryptocurrencies...

3. Data Indicators

The data is as of February 22, 2021. TVL (Total Value Locked) in Figure 1 indicates how many assets are stored in DeFi platforms; Maker Dominance shows the proportion of the current largest project by market value; and the DeFi Pulse Index is from SetProtocol's DeFi weighted index. Figure 2 displays the current top ten DeFi projects by TVL ranking. Source: DeFi Pulse.

4. Weekly Memes