Monthly-Report-November-2021-briefing
Product Progress
- Channels supported LP mortgage lending on Arbitrum
Channels supported LP mortgage lending on Arbitrum on November 4th. The supported LP pairs include WETH/USDC and WBTC/WETH on Sushiswap. LP can be used as collateral. Staking LP will allow you to borrow single tokens on Channels, hence maximize your rewards.
2. Security Upgrade: Time-lock Adoption
Security is a continuous awareness, Channels is proud to announce that the timelock on Arbitrum is complete! All contracts on Arbitrum have been fully time-locked.
Time-lock contract address:0xf3E5cc73977223Cb093EBaEE30a037ed92Cca626
3. Channels’ V2 passed the Certik Audit
Certik Audit is the leading blockchain security giant.
This audit indicates our desire to ensure your assets in Channels are SAFU.
The development of V2 will be launched soon.
Audit link: https://www.certik.org/projects/channels
Events
- APY Magnifier Event
To celebrate the 8th anniversary of Huobi, Channels is excited to launch APY Magnifier Event!
The deposit rewards of mainstream tokens will increase by 2–3 times.
Duration: 4th NOV, 2021- 10th Nov, 2021
2. BNB Accelerated Mining Event
In order to cooperate with Binance’s new launchpad, Channels accelerated mining for $BNB.During the event, we reduced the borrowing cost and increased the deposit rewards of $BNB.
Duration: November 6th 10:00 — November 16th 00:00 UTC
3. Arbitrum Accelerated Mining Week
Channels implemented a week of accelerated mining on Arbitrum. During the event, the mining APY of single token and LP will increase by 1~2 times. User can also borrow tokens by mortgaging LP, while LP supports compound yield.
Duration: November 6th 20:00 — November 13th 20:00
4.BNB Accelerated Mining Event
In order to cooperate with Binance’s 24th new token mining, Channels increased the mining rate of $BNB. During the event, we reduced the borrowing cost and increased the deposit rewards of $BNB. Users are able to borrow more $BNB at a lower cost to participate in Binance’s 24th new token mining.
Duration: November 10th 21:00 — November 17th 21:00
5. New Liquidity Mining on Arbitrum
Channels enabled Can — USDC Liquidity mining on Arbitrum in November 15th, Users can stake Can-USDC on SushiSwap to earn $Can! The accelerated mining event will continue, including sigle tokens and LP tokens.
Cooperation Progress
1.Channels x Autoshark
Channels reached the cooperation with Autoshark. AutoShark is the AMM and Yield Optimizer on BSC.
With this strategic partnership, Channels launched new staking pool with Autoshark. From Novmenber 12th to December 12th, users can stake $CAN to earn $FIN rewards.
2. Channels x Dinosaur Eggs
Let’s give our warm welcome to our new partner Dinosaur Eggs, the Metaverse protocol on Binance. Our partnership will be mutually beneficial in trading, staking and earning.
To strengthen our partnership, Channels has launched new staking pool with Dinosaur Eggs. From November 18th to December 18th, users can stake $CAN to earn $DSG rewards!
3. Channels x Kalata
We’re excited to announce our partnership with Kalata, the derivatives trading platform based on BSC. We will mutually expand our products and services to both our communities!
Channels created a staking pool with our partner Kalata, from November 23rd, you can stake $CAN to earn $KALA.
4. Channels x CELESTIAL
It is a great honor to reveal this exciting cooperation with Celestial. Celestial is a metaverse cross-chain game with an interstellar war theme that combines GameFi and SocialFi.
5. Channels x Iswap
Channels has partnered up with Iswap. Don’t miss out! Swap $CAN worth over $1000 on iSwapCom, you will receive 0.5HT/address, a total 300HT.
6. Channels x Treasureland
Welcome our new partner TreasurelandNFT, a cross-chain NFT platform for NFTs trading and NFTcollection. This is another milestone of Channels, together with TreasurelandNFT, we will build a connection into the NFT world.
7. Channels x Kingdata
We are honored to be on KingData, the on-chain mining, futures, derivatives indicators. This partnership is a coming together of two energetic team and demonstrate Channels’ commitment to grow.
8. Channels x Chair Finance
Channels has formed a strategic partnership with Chair Finance. Chair Finance is the first IGO platform to start GameFi NFT store! With the sets of goals in commonm, Channels and Chair will dedicate to working towards the NFT market!
9. Channels x DNFT Protocol
Channels is proud to announce the partnership with DNFTProtocol. DNFT is a decentralized cross-chain NFT network towards web3!
Milestone
- TOP Lending Projects by 24H TVL Growth
We continue to grow as the Channels Army is strong!
2.Channels increased our TVL by more $60 million in 24 hours
Channels maintains the lead in the DeFi race with more than $60 million TVL growth in 24 hours on Heco BSC Arbitrum!
3.Channels’ TVL continues to grow on Arbitrum!
4.Channels is the TOP project by TVL on Heco
5. Yieldwatch integrating channels apparatus!
6. Another $100million added to TVL in the past 12 hours.
7. ChannelsFinance’s TVL is demonstrating rapid growth with a net increase of $224M.
8. Top TVL Gainers in BSC！
AMA
1. Channels Finance & Turtle Finance
2. Turtle Finance & Channels Finance
3. Channels Finance & Dinosaur Eggs
4. Channels Finance & KingData
5.Channels Finance & Kalata
Past monthly reports:
Link:
May：https://channelsfinance.medium.com/channels-monthly-report-may-2021-briefing-d2d102b6867a
June：https://channelsfinance.medium.com/channels-monthly-report-june-2021-briefing-b8655e244f15
July：https://channelsfinance.medium.com/channels-monthly-report-july-2021-briefing-56caa877ae39
August: https://channelsfinance.medium.com/channels-monthly-report-august-2021-briefing-5da4c93eaf0f
September：https://channelsfinance.medium.com/monthly-report-september-2021-briefing-71dd2c5b41ed
October：https://channelsfinance.medium.com/monthly-report-october-2021-briefing-4a2348b22392
The best way to get involved with Channels is to join in!
Telegram：https://t.me/channels_finance
Twitter：https://twitter.com/ChannelsFinance
Discord：https://discord.gg/VMNGuDzxnq
Github： ChannelsFinance — Overview
【Channels introduction】
https://channelsofficial.gitbook.io/channels-official/
【Channels on CMC】
https://coinmarketcap.com/currencies/channels/
【Channels smart contact】
Arbitrum：0xB5039F8bCa27893d48222d54626069bA3E9f23D2
BSC：0xdE9a73272BC2F28189CE3c243e36FaFDA2485212
Heco：0xd5F9bdc2e6c8EE0484a6293ce7FA97d96a5e1012
【Channels mining guide】
https://channelsofficial.gitbook.io/channels-official/modulus/untitled
【Channels liquidation risks】
https://channelsofficial.gitbook.io/channels-official/modulus/qing-suan-gui-ze
【Heco node setting】
https://http-mainnet.hecochain.com
【How to buy CAN】
Buy CAN on MDEX：
https://ht.mdex.com/#/swap?outputCurrency=0x1e6395e6b059fc97a4dda925b6c5ebf19e05c69f
Buy CAN on Huobi Exchange：
https://www.huobi.li/zh-cn/exchange/can_usdt
Buy CAN on Pancake：
https://pancakeswap.finance/swap?outputCurrency=0xdE9a73272BC2F28189CE3c243e36FaFDA2485212
