Bacon, Eggs, and DeFi #007
Welcome to Bacon, Eggs, and DeFi #007. Here's what happened yesterday in the world of DeFi!
1inch Exchange reached $2 billion TVL. Additionally, 1inch started a four-week liquidity mining rewards program for the ETH/TORN pool. 1inch will distribute 300,000 1INCH to liquidity providers beginning February 9 at 00:01 UTC.
SushiSwap added AXS, the governance token for Axie Infinity, to Onsen, their liquidity mining rewards program. Users can add liquidity to the ETH/AXS pool and earn 0.299 SUSHI per day for every $1,000 deposited.
MakerDAO will add stETH, the LP token for staking ETH through Lido Finance, as a form of collateral.
AAVE token holders voted to pass AIP-9, which will initiate Balancer's AAVE/ETH smart pool rewards.
Rewards for Pickle Finance's stETHCRV, MIS/USDT, and yveCRV/ETH Jars are now available.
Harvest Finance's site underwent an upgrade and now has a new UI and gas optimization (deposits cost roughly 35% less in gas now).
The DAO treasury for Inverse Finance received its first vault fee payment.
Unknown hackers exploited BT Finance's ETH, USDC, and USDT pools.
ArmorFi added two new liquidity pools, including ARMOR/arNXM and ARMOR/WETH.
Cover Protocol added coverage for DefiDollar. Additionally, liquidity providers can now earn 15,000 DFD over the next two weeks through Shield Mining. DFD will be distributed proportionally amongst LPs.
Growth DeFi's farming contract was exploited.
DeFi Pulse added Index Coop to its dashboard.
The Federal Reserve Bank of St. Louis published a research report on decentralized finance.
Polkadot dApp hub Plasm Network raised $2.4 million in its Series A from investors, including Binance Labs, HashKey Capital, and LongHash Ventures.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)