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Umami raised the USDC Vault deposit limit to $3.5 million



Time:8/4/2022 12:01:25 PM

[Umami raises USDC Vault deposit limit to $3.5 million] On August 4th, Umami, the risk hedging income protocol on Arbitrum, raised the deposit limit of Vault to $3.5 million. Umami USDC Vault obtains income by using USDC deposited by users to provide liquidity for GMX, and uses Tracer's non-clearing hedging derivatives 3S-BTC/USD+USDC and 3S-ETH/USD+USDC to prevent market fluctuations. The Vault allocates assets as 50% of stablecoins, 30% of Ethereum, 20% of Bitcoin, and 1-2% of LINK and UNI. User income comes from transaction fees, liquidation fees, and GMX rewards.

Other news:

The DeFi protocol Umami was approved by Circle to open its account, supporting enterprises to enter the encryption field through USDC: On September 9, the institutional-level DeFi protocol Umami was approved by Circle to open a Circle account. Through the Circle account, enterprises can use USDC to enter the encryption field, use USDC for transactions, etc. to quickly integrate into the digital economy. Umami said that with the increasing interest of institutions in compliant DeFi products, Umami hopes to work with Circle to explore creating a more open and inclusive financial system. [2022/9/9 13:18:58]

The total market value of DeFi is 14.69 billion US dollars. The OKEx platform UMA is the most resilient: According to OKEx statistics, the current total market value of DeFi projects is 14.69 billion US dollars, and the total lock-up volume is 19.07 billion US dollars

In terms of market conditions, DeFi tokens generally fell today, and the DeFi tokens on the OKEx platform experienced smaller declines: GHST, HDAO, and CNTM.

As of 17:00, the performance of popular DeFi currencies on the OKEx platform is as follows: [2020/12/22 16:07:42]

AMD CFO Devinder Kumar: Cryptocurrency mining accounted for 10% of total revenue in the first quarter: According to Reuters, as chipmakers benefit from rising demand and prices for graphics chips for PCs, game consoles and cryptocurrency mining, advanced Micro Devices' quarterly profit and revenue topped Wall Street targets. For the three months ended March 31, AMD's net income was $81 million, compared with a net loss of $33 million a year earlier. Revenue rose 40 percent to $1.65 billion as sales of its key computing and graphics businesses nearly doubled. Cryptocurrency mining accounted for 10 percent of AMD's total revenue in the first quarter, Kumar said. [2018/4/26]

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