Beeple is the 3rd Most Valuable Living Artist by Selling his NFT for a Whopping $69 Million

Beeple is the 3rd Most Valuable Living Artist by Selling his NFT for a Whopping $69 Million

This is just the beginning. Meanwhile, Barry Silbert of DCG has offered to build a gallery for the unknown buyer of the artwork to display for everybody to see and enjoy.

The first NFT (non-fungible token) to be sold at an auction house, Christie’s fetched an eye-popping $69.3 million.

The digital artwork was ‘Everdays: The First 5,000 Days’ by Beeple, who became the third most valuable living artist after a sculpture by Jeff Koons and a painting by David Hockney. But those two top artworks were sold by collectors, and the artists didn’t get a cent.

The NFT was sold for $60.25 million, without the buyers’ premium, which also broke the record of an NFT piece.

And if you are trying to understand why such a hefty price, “Art has never been rational. Never will be.”

While initially, the mainstream media reported Tron cryptocurrency founder Justin Sun to be the owner of it with his $60.25 million bid, later he took to Twitter to clarify that he was actually outbid by a mere 0.3% of the total price at the last minute.

Reportedly, his bid was costing him $69 million in fees. As the auction house announced last month, Christie’s accepted cryptocurrency Ether for the sales of the NFT for the first time. While the buyer’s premium had to be paid in fiat currency, it was changed later to Ether as well.

Also, Sun said updated his bid to $70 million but wasn’t accepted by the system despite there being 20 seconds left.

“To avoid these types of disputes in the future, ALL bids should be transparent & utilizing blockchain technology would satisfy this requirement,” said Sun and offered his assistance to incorporate blockchain technology into Christie’s system.

The artwork made by artist Mike Winkelmann, who goes by the name Beeple has been in the works since 2013. A mosaic of every image the artist had for the last 8 years is attached to an NFT, basically a digital certificate of authenticity.

Barry Silbert, founder, and CEO of Digital Currency Group (DCG) offered to build a gallery in Decentraland for the unknown buyer to display their new piece of art for everybody to see and enjoy. “You can even create fractional interests in the NFT via NIFTEX to sell to the crowd,” he said.

The bidding for the artwork started at $100 on Feb. 25, which was pushed to $1 million by about 20 bidders.

“The first day of bidding was one of the most magical events in my auction career,” says Noah Davis, a specialist at Christie’s who organized the sale. “I’ve never seen anything like it.”

According to the oldest auction house, the final minutes of the sales were closest to the bidding for a work by Leonardo Da Vinci; the last minute extended bidding, which pushed its price to $450 million in 2017.

But this is just the beginning, as per Davis, who said, “I think we will have really compelling and exciting NFT-based art opportunities at Christie’s in the near future.”

Read Original/a>
Author: AnTy

Dogecoin Beats Bitcoin by Becoming the Most Tweeted Crypto Ever as Mia Khalifa Buys the Top

Dogecoin Beats Bitcoin by Becoming the Most Tweeted Cryptocurrency Ever as Mia Khalifa Buys the Top

This week on Thursday, Dogecoin became the most tweeted cryptocurrency, beating even Bitcoin’s records set on Jan 2nd, 2021 and Dec. 22nd, 2017, after Wall Street Bets pushed the prices of DOGE to past $0.08. DOGE -46.45% Dogecoin / USD DOGEUSD $ 0.03
-$0.01-46.45%
Volume 8.48 b Change -$0.01 Open $0.03 Circulating 128.16 b Market Cap 3.67 b
8 h Dogecoin Beats Bitcoin by Becoming the Most Tweeted Cryptocurrency Ever as Mia Khalifa Buys the Top 8 h Bitcoin Market Looking for New Lows After Elon Musk’s Pump & Dump 1 d Crypto Industry Capitalizing on Wall Street’s Losses Big Time, And Getting Rewarded

With more than a 1,000% increase in the cryptocurrency’s prices, everyone jumped on the meme coin that saw over 100k tweets from more than 50k unique (non-bot) Twitter accounts, as per data source The Tie.

During the run-up, a 1,939% increase in Twitter volume and a 1,650% increase in trading activity was registered.

The trading activity was so high that, briefly, DOGE did more than double the volume than the leading cryptocurrency.

This recent price boom shows that “the crypto market remains strongly sentiment driven.”

And the pump and dump seem to be in effect as the price of DOGE is already down 55% from its recent highs and currently trading around $0.038.

But unlike the traditional market, there are no hedge funds that are short-selling the cryptocurrency; rather, the late-comers are the ones left holding the bag. Mia Khalifa is one of the bagholders who literally bought the top on DOGE as she tweeted on Thursday, “Okay I caved and bought the dog stocks.”

The Reddit trading group WallStreetBets along with SatoshiStreetBets were looking to pump DOGE to the moon with $1 as the target. Still, those who have been holding their Shiba Inu-themed coins bags for a long time took this as an opportunity to make some profits finally.

Read Original/a>
Author: AnTy

Crypto Finds Solidarity with Reddit Degens Winning the GameStop (GME) Battle Against Wall Street

More Affirmation for Bitcoin & DeFi

If anyone can most relate to the chart of GameStop (GME) share prices, it is the crypto market.

image1

The cryptocurrency market can point to many charts where crypto assets have pumped to the moon, sometimes without any rhyme or reason when it comes to certain coins, and dumped just as hard in a very short time period.

While it usually happens when retail is involved, this time, institutions also jumped in on Bitcoin as an inflation hedge, a store of value, a safe haven, and an asset whose performance beats traditional asset classes.

image2

When it comes to GameStop, its share prices are currently trading at $380, up from yesterday’s closing price of $147.98. At the beginning of this month, GME shares were worth just $17. This represents a surge of 2,135% in just 26 days.

Interestingly, crypto-friendly Elon Musk and Bitcoiner Chamath Palihapitiya also contributed to this monster rally when they tweeted about the NYSE listed video game retailer.

Palihapitiya, the CEO of Social Capital, shared with his Twitter followers that he bought February call options of the stock.

“Bought some YOLO calls on GME,” he again tweeted today.

The Reddit page shared by Musk, r/wallstreetbets, has 2.8 million subscribers and has been pumping the stock prices, betting against the short-sellers, which are hedge funds’.

One of the subreddit posts calls this “A tug of war between tradition and the future.”

“This affects every single one of you, whether or not you’re holding $GME. TLDR: Fuck hedge funds. This is a crosspoint into the future.”

“We can remain retards longer than they can remain solvent,” reads another one.

The notable victim of this has been Citron Research’s Andrew Left and Michael Burry of Big Short Fame who are forced to close their positions.

In the light of this, Nasdaq chief Adena Friedman said on Wednesday that regulators and exchanges need to pay attention to the potential “pump and dump” driven by social media chatter.

However, GME is not the only one that has got the attention of Reddit; AMC Entertainment and BlackBerry are also their YOLO favorites.

The Crypto industry, meanwhile, is applauding this move. Derivatives platform FTX also jumped in and listed GME stocks today.

According to SkyBridge Capital co-founder Anthony Scaramucci, the retail traders winning the battle is a positive for Bitcoin as he said,

“The activity in GameStop is more proof of concept that Bitcoin is going to work.”

“How are you going to beat that decentralized crowd? That to me is more affirmation about decentralized finance.”

Scaramucci’s SkyBridge has exposure to Bitcoin of about $385 million. The firm’s bitcoin-focused fund, SkyBridge Bitcoin Fund, has about $60 million.

“It’s the age of the micro investor, and you better take it seriously; otherwise, you’ll get taken to the cleaners,” Scaramucci said.

“WSB/$GME is ABSOLUTELY in the spirit of Bitcoin,” said Bitcoin proponent Max Keiser. “The corrupt finance cartel got served up some PAY BACK in a completely legal and brilliant way. Bitcoin is doing same to central banks,” he added.

Read Original/a>
Author: AnTy

Yield Farming & NFT’s Led 2020’s DeFi Boom; Boosting DApp Volume by 1178%: DappRadar

The decentralized finance (DeFi) space has arguably been the most impressive component of the entire crypto industry in 2020.

With Bitcoin rallying to record highs, total assets locked in DeFi protocols have reached record levels too. However, it now appears to be bringing in an influx of users to decentralized apps (dApps), again.

DeFi is Pulling DApps Use

This week, top DApp tracking platform DAppRadar published its 2020 DApp Industry Report, revealing that there has been over $270 billion in transaction volumes in 2020. The platform noted that a staggering 95 percent of these volumes came from the Ethereum-based DeFi ecosystem, marking a jump from $21 billion last year.

The report pointed out that the DeFi space had also contributed to Ether’s growth, with money flowing from Bitcoin to the asset all through the year. DAppRadar explained that this cash influx’s primary driver was the theoretical yields in DeFi, with renBTC and Wrapped Bitcoin (wBTC) allowing dApps to tap some of Bitcoin’s liquidity.

Moving on, DAppRadar explained that only ten DeFi dApps accounted for 87 percent of the total transaction volumes on Ethereum. The report echoed findings from November when DAppRadar’s rankings showed that dApps had attracted over a million users in 30 days.

At the time, the top three DApps – DeFi Swap, Uniswap, and Compound, respectively – accounted for over 930,000 users between them. None of the remaining dApps in the top ten rankings had over 30,000 users that month.

Data from Dune Analytics also found that a single DeFi user could have used multiple addresses to interact with several dApps on several occasions during a month. It would be challenging to accurately estimate the actual number of users from DAppRadar’s numbers. As Dune estimated, the total cumulative DeFi wallet addresses were about 901,000.

Even at that, the numbers seem pretty impressive, especially considering that the DeFi space was almost nowhere this time in 2019.

Problems Remain

While the report was positive, it also highlighted some of the challenges plaguing the DeFi space. As expected, it touched issues such as the apparent dependence on the Ethereum blockchain, which has led to challenges like network congestion and higher gas fees.

Hacks and security breaches have also become common, with crafty hackers capitalizing on security flaws in DeFi smart contracts to steal users’ funds. As DAppRadar estimates, hackers have stolen over $120 million across 12 hacks this year. The tracking platform adds that the industry should improve insurance in 2021, which will enhance user confidence.

In general, DAppRadar notes that the future is bright for DeFi. Issues like the coronavirus pandemic and more have brought decentralized platforms into the forefront, and dApps have benefited from that rise in prominence.

With DeFi set to play a more prominent role in the global economy, it should spread its benefits to components like gaming, non-fungible tokens (NFTs), and dApps.

Read Original/a>
Author: AnTy

Bitcoin’s the Most Crowded Trade After Long Tech and Short US Dollar: BoA Survey

Bitcoin’s over 170% YTD rally has everyone rushing in, which makes it one of the most crowded trades of December 2020, according to Bank of America (BOA).

The investment banking giant revealed its latest survey findings, according to which about 15% of fund managers with $534 billion under management said Bitcoin is the third-most crowded trade.

The first spot was taken by long technology shares and the second – shorting the US dollar. The survey was taken between Dec. 4 and Dec. 10. Longing corporate bonds and gold are also among the most crowded trades.

“At a market cap of $360B in a world of $17T negative-yielding debt, by definition, BTC is not the most crowded trade,” noted analyst Qiao Wang.

image1

The largest cryptocurrency surged to its all-time high at the beginning of this month after rallying more than 80% in October and November. Following the strong rally, Bitcoin has taken to ranging this month only to rally to over $20,800 today.

The rally was particularly started by Square making a $50 million investment in Bitcoin, after MicroStrategy’s big bet on the digital asset, which has now gone well above $1 billion. PayPal announcing support for cryptocurrencies also helped push the price of them higher.

All of this has brought the attention of the mainstream firms to the crypto market. From legendary investors like Paul Tudor Jones, Stanely Druckenmiller, and Bill Miller, to Guggenheim Partners, MassMutual, and many others, everyone is onto Bitcoin this year.

These investments are actually “laying out the groundwork for how you add Bitcoin to your balance sheet, how you should think about Bitcoin as a substitute for cash,” said New York-based CoinFund’s managing partner, Seth Ginnis, in a webinar this week.

This is evident from the fact that the market is being driven by North American institutional investors, as per Philip Gradwell, the chief economist at Chainalysis.

And still, as JPMorgan said, Bitcoin’s institutional adoption has just begun.

JPMorgan’s recent report said that the $100 million Bitcoin investment by insurance behemoth means the leading cryptocurrency could see $600 billion in additional demand.

Ginns also reported seeing a lot of interest from hedge funds and getting calls from pension plans, endowments, family offices, and foundations, suggesting the continued trend of broader institutional adoption next year.

Read Original/a>
Author: AnTy

PayPal CEO Explains Company’s Mission to Improve Bitcoin’s Payment Functionality

PayPal’s entry into the crypto space has been one of the most anticipated events of 2020 in the cryptocurrency sector. Besides increasing customers’ access to Bitcoin, the payment processor appears bent on improving its functionality for transactions.

Easy Payments Anytime

Earlier today, PayPal chief executive Dan Schulman spoke to CNBC’s Squawk Box. He explained that the company’s entry into the Bitcoin market was fueled by a desire to capitalize on digital payments growth. Schulman said that PayPal’s objective is to improve peoples’ ability to utilize crypto as a funding source, hence their mode of operation.

Schulman was incredibly bullish on Bitcoin in his interview. He explained that while it is challenging to give Bitcoin price projections, he believes the asset will increase in utility.

“When you start to move crypto as a potential funding instrument, I think that bolsters its utility and stabilizes it as well–because it can be used every day in your purchases.”

The CEO added that increased adoption could also improve Bitcoin’s stability. Detractors have often bashed Bitcoin for its volatility. Addressing this problem can be a game-changer for Bitcoin – both as an investment vehicle and a currency.

PayPal’s customers in the U.S can now buy, sell, and hold Bitcoin through its new crypto feature. The service will also provide compatibility with existing merchant platforms, allowing businesses to accept digital payments. Schulman told CNBC that business integration would be open to about 28 million merchants.

Co-Existing with CBDCs

Schulman also spoke on Central Bank Digital Currencies (CBDC), explaining that many of these will grow as fiat loses prominence.

CBDCs have been a hot-button issue this year. Many countries have announced their intention to digitize their currencies, with most of them hoping to bolster their digital payment infrastructures. However, there have also been questions about what this could mean for top digital assets like Bitcoin.

For Schulman, CBDCs’ entry into mainstream finance could benefit Bitcoin. In part, he believes the dissipation of fiat from daily transactions could force central banks to find replacements. These replacements will ideally be the digital forms of their fiat currencies.

Many believe that increased fiat digitization could lead governments to take harsher stances against legacy cryptos – a reality that could hurt PayPal’s business.

However, Schulman explained that CBDCs’ proliferation wouldn’t negatively affect traditional cryptocurrencies like Bitcoin. As he explained, cryptocurrencies’ underlying structures like smart contracts could improve CBDCs and their operational efficiency when they get launched.

Read Original/a>
Author: Jimmy Aki

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders survey “State of Crypto 2020.”

The sector has seen immense growth in 2020 and continues to hit new highs; just today, a new record was set of $12.5 billion TVL.

The founders surveyed said notwithstanding the price of DeFi tokens, which have been tanking hard until very recently, “the protocol development and business growth of 2020 bodes well for the industry’s future.”

What has been the most bullish crypto industry development this year?
DCG Survey: What has been the most bullish crypto industry development this year?

DeFi is followed by “BTC resilience” and “Stablecoin surge,” which makes sense given that the market cap of fiat-backed crypto has shot up past $12 billion this year.

​“The growing demand for stablecoins in Latin America, and Argentina specifically, is due to the fact that buying dollars as a form of savings is a regular monthly habit for middle-class Argentinians, due to cyclical devaluations and loss of trust and credibility in the Argentinian peso,” said Sebastian Serrano, CEO of Ripio, an Argentinian digital asset exchange, and payments company.

​Still, respondents were split on whether Ethereum, which is the center of it, will remain the dominant transaction-based blockchain. 51% still believe the second largest network will find scalability faster than new blockchains develop a community.

Adoption Drivers & Greatest Risks

What macro development will have the greatest impact on digital currency adoption?
DCG Survey: What macro development will have the greatest impact on digital currency adoption?

Other findings of the survey revealed “global recession” (24%), “inflation” (19%), and “hunt for yield” (18%) as the main macro crypto adoption drivers. However, the smart money adoption won’t be bringing new highs for BTC price in the next 6-12 months as per the majority.

Only 20% think during this period, BTC will surpass $20,000.

Where do you think the BTC price will be in 6-12 months?
DCG Survey: Where do you think the BTC price will be in 6-12 months?

Meanwhile, nearly six in ten respondents expect industry consolidation, resulting from big players buying smaller ones to limit competition to accelerate, particularly in the exchange and wallets & custody spaces.

However, the industry’s greatest risk remains the same; compliance and regulation as per 51% of the respondents.

“It’s really important that we start to see some consistency and coordination across regions,” said Simone Maini, CEO of Elliptic, a blockchain forensics, and analysis company, “there are still plenty of opportunities for regulatory arbitrage at the moment, where businesses are trying to operate in jurisdictions with looser regulations.”

Other factors that impede sustainable growth involve theft/hacks/scams (22%), investment crunch (12%), and technical obstacles (8%).

Overall, in 2020, four in five rated their company’s performance against expectations as “outperformed” or “neutral” while having COVID/remote work, third party delays, and fundraising as the main business challenge.

Read Original/a>
Author: AnTy

Blockchain Technology to Grow the Global GDP by $1.76T In the Next Decade: PwC Report

  • China set to benefit the most from blockchain technology growth in the next decade with a protracted $440 billion boost in its GDP during this period.
  • This represents 25% of the total protracted global GDP boost from the innovative technology – set at $1.76 trillion by 2030.

A research report from a ‘big 4′ accounting firm, PricewaterhouseCoopers (PwC), “Time for Trust,” explores blockchain technology’s global socio-economic impact in the next decade. Targeting 2025 as the tipping point for the technology. If adopted at scale, PwC experts and researchers see a $1.76 trillion impact from the technology by 2030. This represents 1.4% of the total gross domestic product (GDP) of the world.

The report focuses on blockchain’s practical use in five key areas – provenance, payments and financial instruments, identity, contracts, dispute resolution, customer engagement – and how they deliver value in building transparent and efficient solutions across all industries.

According to the report, Asia is set to witness blockchain technology’s greatest impact, China leading the growth with a $440.4 billion projection. Japan and India expected to witness a $72.3 billion and $62.2 billion increase, respectively.

The United States is expected to witness a $407.2 billion increase in GDP from blockchain innovation growth in the next decade.

PwC report further states blockchain’s role in enhancing transparency and traceability as the sector with the most growth potential – projected to grow by $$961.6 billion by 2030. Anthony Bruce, Partner, and Pharmaceutical and Life Sciences Leader, PwC U.K, praised the potential of blockchain innovation in providence and traceability in the healthcare industry, stating,

“For healthcare organizations, blockchain can ensure patient safety is at the heart of the pharmaceutical supply chain. It has the potential to give patients confidence in the authenticity and origin of drugs.”

Payments and securitization of wallets are also picking up the pace and is expected to grow by $433.2 billion in the next decade. The U.S is expected to lead global growth in this period and is expected to experience a $136.3 billion GDP growth from blockchain-based payment systems, with China coming in a close second at $104.6 billion.

“Blockchain has the potential to cut costs, speed up transactions and promote greater financial inclusion by streamlining cross-border and remittance payments,” Lucy Gazmararian, Crypto, and FinTech Advisory, PwC Hong Kong said.

“These powerful innovations will transform the payments infrastructure.”

Read Original/a>
Author: Lujan Odera

Is FTX CEO Accelerating the Deep DeFi Rout?

After going through a deep pullback in the past month, most of the DeFi tokens struggle to let go of the losses.

Although the news of Square buying $50,000,000 worth of BTC has sent the market into a tisy, not all coins are moving out of the red. Coins like UNI (+22%), LRC (+13.5%), and KNC (+5%) are recording some gains. DeFi darling YFI has manged to dig itself out of the deep red into the green (+5%).

Much like the price, the total value locked (TVL) in the DeFi Sector has declined by almost 10% to $10.12 billion, as per DeFi Pulse.

Popular DEX Uniswap, however, is an exception to this, whose TVL has jumped 30% in a fortnight.

Keep on Dumping!

As we reported, numerous popular DeFi tokens have lost 80% to 90% of their value since hitting all-time highs during the period of mid-August and the beginning of September.

But still, they continue to go down more and more, which could be seen as an opportunity for the project enthusiasts to buy these tokens at low prices which might have missed them the first time around.

In the past 7 days, more losses have been incurred by the DeFi sector, with YFII leading with almost -46% drop. Other notable losers include SUSHI (-41%), CRV (-37%), YFI (-29%), SWRV (-33%), bzrx (-37%), UNI (-24%), UMA (-25%), LEND (-20%), and SNX (-17%).

As another round of losses hit DeFi tokens, Twitterati points to derivatives exchange FTX CEO Sam Bankman-Fried shorting YFI, CRV, and UNI.

Some market participants speculate that Bankman-Fried might be behind the latest dose of losses, especially for YFI, CRV, and UNI, which he has been dumping on leading spot exchange Binance.

It is worth noting that Bankman-Fried is also the CEO of the quantitative cryptocurrency trading firm Alameda Research.

The Catalyst…

While some aren’t liking it, others said Bankman-Fried is simply shorting a few cryptos, which means he believes the coin will decline in value.

Jason Choi of crypto fund The Spartan Group found it all absurd, stating, “Always find it amusing that the idea of shorting is deemed evil on crypto twitter.”

And if you think Bankman-Fried will short his FTT or SRM, that’s a big fat no, because he ain’t short on his creation, of course, rather he is “long as fuck.”

Trader Moon Overlord also pointed out the obvious nature of the situation, which is “a person apart of a trading firm does a trade.” Back in late August, when FTX acquired the crypto portfolio tracker Blockfolio, the trader said, “FTX didn’t pay for a portfolio tracker they could build in 5 minutes they paid $150M for your data and bag info.”

The market also likened Sam’s behavior with billionaire investor George Soros acting as a catalyst in collapsing the British pound in 1992 by shorting it.

In the process, Soros made an estimated $1 billion profit. While that incident was viewed as “a permanent black mark on the UK as a center of financial prestige,” following the event, “Britain entered a period of growth and prosperity,” noted Sahil Bloom, VP at Altamont Capital Partners.

If not Soros, someone else would have used the opportunity to their advantage, and he “merely accelerated” the process. The same could be seen in the DeFi market, which may finally find its bottom and embark on a new bull run.

Read Original/a>
Author: AnTy

Rug-Pulled on the Latest YFI Clone, Soft Yearn (SFYI), After Rebase Gets Exploited

YFI, the governance token of Yearn Finance, is the most popular DeFi token, which currently has the highest value of $21,465 and is dubbed a “cash generation machine.”

Since its launch in mid-July, many copycats of this popular DeFi token have emerged, such as CREAM, Wifey, YFII, YFL, and others.

The latest knockoff has been Soft Yearn (SFYI), the adaptive yield-stable currency, which merges Yearn.Finance and Ampleforth. “As DeFi flourishes, the demand for YFI will increase exponentially. SYFI has a direct growth relationship to the prominent YFI token,” reads the website.

Being a soft pegged currency, whenever SYFI has a significant difference form the main currency’s price, the contract or expansion algorithm will converge the market price to the pegged price.

Ampleforth birthed based-finance, but it hasn’t been a success — elastic-finance means the supply of the token changes, and so does the number of tokens held by an investor.

Also, rebases have led to the collapse of the projects. It was last seen with YAM, which found a bug in its rebase function resulting in its crash.

But on Monday, the price crashed 100% from its peak of $174 last week to $0.00040, as per CoinGecko.

The crash happened due to what happened during the rebase period.

“During our first rebase at 8:00 UTC, September 3rd, 2020, a malicious actor bought 2 SYFI, and timed the adjustment of their token holdings with a Uniswap sell. During the transaction, the rebase applied, but Uniswap price remained unchanged, thus, the perpetrator’s sell was amplified to the extent of wiping out most of the liquidity provided in the Uniswap pool. The rebase itself was also incorrect. The YFI rate per SYFI was not streamlined properly,” shared the SYFI team on its Telegram.

The team behind the project is now offering a “very large sum” of ETH as a bounty who can identify and apprehend the wrongdoer.

Last week, they did a presale and raised 400 ETH with a supply of 60,000 SYFI, double of YFI. However, unlike YFI, which is completely decentralized, but much like an ICO, they distributed portions of the token supply to the team and for marketing.

However, like the YAM project, they aren’t going anywhere and are planning a migration. They are also proposing to recreate the SYFI token, airdrop the number of tokens they had before the rebase, add at least 250 ETH to the initial liquidity pool, and fix the rebase mechanism.

Read Original/a>
Author: AnTy