Author: Guoxin Chen
On the afternoon of January 14, Shenyu issued a warning in the circle and suggested that venus borrowing and lending in Binance bsc should retreat quickly. The pool issued currency mortgages to borrow a large amount of pie, and there may be a price plunge, and there may be pie, etc. The hidden danger that the value currency cannot be returned.
Venus is Binance’s new decentralized stablecoin system. Binance CEO Changpeng Zhao said that “Venus” can be seen as a hybrid of MakerDAO and Compound. However, the operation of Venus to launch Can this time is really magical, and there are many doubts. Let’s sort out the timeline of this incident first
Timeline-Venus events
8 o’clock-public sale
At 8 o’clock in the morning on January 14, CAN launched a public sale of 100 million tokens on Swipe Wallet, at a price of $0.02 for a single token.
8:30-Venus launches Can
At 8:36 in the morning, Venus tweeted on the official Twitter, indicating that Venus will be online and support Can tokens.
11:30-Token price skyrocketing
At 11:38 noon, Can launched Uniswap, SushiSwap and 1inch, and then the price of the token was increased by more than 17 times, reaching $0.35.
Afternoon-Bitcoin is vacated on Venus
Subsequently, a large number of Cans were mortgaged to the Venus platform and borrowed, and soon the 3444 bitcoins on the platform were borrowed.
As of press time, high-value tokens such as Bitcoin, Ethereum, USDC, USDT, and BUSD on Venus have almost been lent out.
At last
Another point worth noting is that 800 million Can tokens have been privately sold. These 800 million can not be sold within a year, but they can be allowed to conduct other decentralized financial operations besides sales. Therefore, it is inferred that the 150 million Can tokens pledged into Venus are likely to come from private equity.
After the incident, He Yi said: “Already chasing, still on BSC.”
