Channels -Monthly Report - August 2021 Briefing

milestone

1. In August, Channels has become the fourth largest mortgage lending platform in the world (1 place up from last month) & the largest LP lending platform in the world (LP lockup volume is more than the sum of all other competing products). At the same time, Channels continues to maintain Heco's No. 1 lending platform, and the total lock-up volume ranks second among all HECO projects. In addition, Channels has cross-chain to BSC on August 24, and within 24 hours of cross-chain has become the second largest lending platform and the largest LP lending platform on BSC, and it has continued to this day.

2. In August, Channels' TVL grew steadily, breaking through 700 million U.S. dollars and is currently stable at around 680 million U.S. dollars. TVL rose by as much as 250 million U.S. dollars this month, attracting continuous attention from media at home and abroad.

3. The HECO node election continues, and Channels ranks first in the main node, with a total of 529,000 HT pledge votes, accounting for 14.57% of the votes. Channels returns 100% of the node revenue to the pledged users.

4. Channels node revenue share ratio is 100%. You can vote for Channels by staking HT. The voting URL: https://www.heco123.com/zh-cn/vote-campaignc, click [Vote now] on Channels official website. Can participate in voting.

5. Channels platform currency CAN has quadrupled its currency price within 2 weeks this month, and has repeatedly appeared on the Huobi Global Exchange's rising list, with the highest single-day increase of 233% this month; the current currency price is $13.02, which is stable at the beginning of the month's currency price of 5.42 More than 2 times.

6. Channels overseas community fans have grown steadily, and community activity has been further improved: the number of followers on official Twitter exceeded 44K, the number of followers increased by more than 5,000 this month, and there were 50 interactions such as tweeting and retweeting; the total number of fans in the Telegram group exceeded 30,000 At the same time, the activity of the English community has increased significantly.

7. Channels' fund utilization rate continues to maintain the highest level of HECO lending platform, which is far ahead of other platforms.

Product Progress:

1. Under the community's proposal, Channels initiated the CIP12 proposal to split CAN at 19:00 on August 7th, and voted to pass it. This split plan has received strong support from Huobi, and has passed the split audit of Know Chuangyu. The token CAN will be split from the current 5 million to 1 billion, and the split will be completed in early September. Currently, the CAN exchange channel is online, and users can enter it on the [Overview] page of the official website. The new currency and old currency exchange channel has been opened, and the exchange ratio is 1:200. It should be noted that the CAN in the Huobi Exchange will automatically complete the exchange, and the CAN pledged in the DAO can only be exchanged after submitting it.

2. Under the community's proposal, Channels officially launched BSC at 21:00 on August 24 to start mining after the proposal was voted on. The overseas market expansion plan is steadily advancing. Channels’ BSC official website link: https://bsc.channels.finance/

3. Channels has launched the DAO pledge function on the BSC at 8pm on August 26. Users can get mining rewards by staking CAN, and the online APR is 16197.64%.

4. The DAO dividends for the 23rd to 26th periods have all been distributed normally.

business Cooperation:

1. Channels and ACMD have reached a strategic cooperation. The two parties will cooperate in brand promotion, community building, and product Lego combination to jointly promote the prosperity and development of the Heco ecosystem. Archimedes (ACMD) has cross-chained to Heco, docking the leveraged lending function to Channels, enriching the functions and usage scenarios of Channels.

2. Huobi Wallet now supports one-click collection of mining income from Defi products on the wallet interface. Channels is one of the first 18 projects to support this function. Detailed tutorial: https://medium.com/@ HuobiWalletOfficial/new-function-on-huobi-wallet-claim-defi-rewards-with-just-one-click-7a80e9d190ea

3. NerveNetwork has helped more than 70 projects including Channels participate in the OKExChain ecosystem. NerveNetwork has deployed cross-chain bridges to BSC, OEC and NULS for CAN in July. Channels has completed the work of cross-chain BSC, and the cross-chain plan is steadily advancing.

4. TUSD stationed in Heco and started the first round of ecological linkage "HECO Gold Shovel". Channels and TUSD continue to cooperate with each other. Participating activities will earn 10% APY. Learn more: https://docs.hecochain.com/

5. Channels and NewLand have reached a cooperation. The two parties will cooperate in brand promotion, community building, and product Lego combination to jointly promote the prosperity and development of the Heco ecosystem.

6. Channels and Coinwind reached a cooperation on August 24, and they will jointly promote the prosperity and development of the BSC ecosystem in the future. More events will be announced soon. Stay tuned~

7. Channels and Coinwind reached a cooperation on August 24, and they will jointly promote the prosperity and development of the BSC ecosystem in the future. More events will be announced soon, please stay tuned.

8. Channels and CCTIP have reached a strategic cooperation. The two parties will cooperate in brand promotion, community building, and product Lego combination. At that time, CCTip will collect Channels assets, Channels will also release a large number of airdrops to CCTip users, and the two parties will have a long-term and stable cooperative relationship.

9. Channels will start liquidity mining on BSC at 20:30 on August 25 (UTC+8). Users can add CAN/WBNB-LP on PancakeSwap, and then on Channels’ BSC official website (http://bsc. channels.finance) pledge CAN/WBNB LP to mine CAN. Pancakeswap link: https://pancakeswap.finance/swap

Operation Progress：

1. The telegram robot guided and community airdrop activity of US$2,590 organized in July has ended. 500 lucky users should have been selected. Since the proportion of participants completing tasks is less than 50%, 200 participating users and 24 of them were randomly selected Referrals are issued rewards. All rewards have been distributed. For details, please click: https://twitter.com/ChannelsFinance/status/1425070463471046658?s=20

2. The $1,500 community airdrop event held at the end of July has been successfully concluded. The winners will be announced and rewards will be issued on August 10. For details, please click: https://twitter.com/ChannelsFinance/status/1425013029037563915?s=20

3. On August 13th, the Twitter airdrop event of "cross-chain and split promotion" was organized. The bonus was US$1,500. The event lasted for 3 days. A total of 726 people participated. The rewards were distributed on August 17. Details of the event: https://twitter.com/channelsfinance/status/1426165097978863620?s=21

4. From 12:00 on August 16th (utc+8) to 12:00 on August 23rd (utc+8), USDT mining rewards will be doubled, and users who deposit and borrow USDT will get double mining income.

5. With the continuous deployment of overseas markets and the shift of operational focus, in order to ensure that user questions can be answered in a timely manner, the Channels team has gradually migrated WeChat community users to the Telegram group, and the user conversion work continues to advance. Welcome to join the Channels official community:

Chinese Telegram Group: https://t.me/ChannelsCN

English Telegram Group: https://t.me/ChannelsEN

Discord: discord.gg/VMNGuDzxnq

Twitter: https://twitter.com/ChannelsFinance

AMA：

1. TrueUSD will be a guest on Channels for AMA at 10:00 (GMT) on August 19th, reply to the AMA promotion tweet, ask related questions, and get a TUSD airdrop reward of $50.

2. MyTrade will be a guest on Channels for AMA at 16:00 on August 24 (UTC+8), follow Channels and MyTrade's Twitter, and forward the corresponding Twitter questions, and you will have the opportunity to receive 1HT airdrop rewards.