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🚀 DAI is now (somewhat) backed by Bitcoin 💎

Not seeing the mail properly? View it online instead. How's it going, Gecko readers! We hope your weekend went well, the first newsletter of this week will update you on some significant positive changes in the DeFi space.  The CoinGecko Podcast - Episode 11 (Elrond) Episode 11 is out! In this episode, Bobby Ong, co-founder of CoinGecko is joined by Beniamin Mincu, CEO of Elrond (ERD). Bobby interviewed Beniamin on what Elrond is, why Elrond came to be, its token model, as well as its plan for the future Check out more info here Compound now supports USDT lending and borrowing Compound, is now supporting Tether (USDT) as a result of their recent governance proposal poll. The proposal to support USDT on Compound had cast over 797 thousand votes, while only over 85 thousand against it. Users can lend or borrow USDT on their platform. However, they are not to be used as collateral as stated in their proposal. TheBlockCrypto MakerDao Brings Bitcoin to the Ethereum Blockchain Maker Protocol (MKR) has added Wrapped Bitcoin (wBTC) as a new collateral asset on its platform. wBTC is the first ERC20 token backed by 1-to-1 with Bitcoin (BTC).  The decision was supported by Maker's decentralized community, MKR token holders. Editor: In short, now your DAI is (partially) backed by Bitcoin. Nice! CoinTelegraph More than 77% of ETH not locked in smart contracts hasn't been moved in six months More than three-quarters of the ETH in not in contract accounts hasn't moved in six months. Glassnode data shows that investors in ETH are exhibiting strong "HODLing" behaviors, in fact, 31.6% of the ETH has remained unmoved for a full two years Bitcoin holders are showing similar patterns. Currently, 42.8% of bitcoin's supply remains unmoved for at least two years. TheBlockCrypto Initial coin offering (ICO) Fund raising event for cryptocurrency venture, usually at early stage. The fund raising are done by issuing newly issued tokens for the crowdsale. Learn more terms with the CoinGecko Glossary 🛍️ Do you know we have swags? Check it out here Mobile: Android | iOS How to DeFi 📗 Q1 2020 Crypto Report 📝 Places we hangout in Telegram | News Channel | Facebook | Twitter | Discord | Instagram | LinkedIn 😍 Like our newsletter? Share it with your friends! Thoughts about the newsletter? Send an 📧 over to hello@coingecko with the title "Newsletter Thoughts" Terms of Service | Privacy Policy

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