Bacon, Eggs, and DeFi #008
Recap of February 9, 2021
Welcome to Bacon, Eggs, and DeFi #008. Here's what happened yesterday in the world of DeFi!
Curve Finance added a pool for USDP, the governance token for Unit Protocol.
Matcha reached $3 billion in total transaction volume.
Pancake Swap crossed $1 billion TVL.
Paraswap will distribute 1,000 MLN, the governance token for Enzyme Finance, amongst users who conduct transactions on the exchange in the next seven days.
Alpha Finance will continue its liquidity mining program to March 12 at 12 pm UTC for Alpha Homora v1 and v2. 3,000,000 ALPHA will be distributed amongst LPs.
AAVE’s Balancer AAVE/ETH smart pool rewards are now live.
ARCx announced their upcoming token sale that will occur in two phases from February 15 to March 2.
Yield Credit’s Garden v2 for the ETH/YLD pool launched on Tuesday. Yield will distribute 5,000 YLD to liquidity providers over 45 days.
Yearn Finance’s yDAI vault is now fully restored following last week’s exploit. Yearn minted 9.7 million DAI through MakerDAO using YFI from the treasury.
Rari Capital integrated Alpha Homora v2 for its ETH pool.
Index Coop partnered with Transak to allow users to purchase DPI using fiat through indexcoop.com/dpi. To complete the purchase, users will have to fill out a KYC form and provide their ETH address.
Pool Together launched its permissionless Prize Pool Builder. Users can customize a pool by deposit tokens, yield source, and prize distribution.
Index Coop extended LP rewards for the DPI/ETH pool on Loopring an additional two weeks.
Harvest Finance will hire two Binance Smart Chain (BSC) developers to integrate Harvest on BSC.
BT.Finance will reward 10,000 BT to anyone who can assist with recovering tokens from last week’s exploit.
FinNexus announced a liquidity mining rewards program for the FNX/ETH pool on SushiSwap.
Saffron Finance distributed SUSHI amongst LPs as part of their liquidity mining program on SushiSwap for the SFI/ETH pool.
Cover Protocol’s coverage claim for Yearn Finance’s exploit has been validated and processed. The community collectively decided on a 36% partial payout where 1 CLAIM token can be redeemed for 0.36 DAI, and 1 NOCLAIM token can be redeemed for 0.64 DAI.
OpenZeppelin audited Mooniswap’s v2 smart contracts. OpenZeppelin found no critical or high severity bugs.
The governance page for Nexus Mutual can now be directly accessed through the app.
Catnip Exchange’s Super Bowl market is now resolved.
Thorchain says it plans on implementing privacy coins shortly, including XHV, XMR, and ZEC.
Users can now search for airdrops on Claimable using their ENS domains.
Fei Protocol announced distribution plans for its governance token TRIBE. 20% of the tokens will be made available in an initial DEX offering (IDO) on Uniswap.
Argent users can now set gas prices for transactions to either slow, normal, or fast.
Bounce Finance will list DeFi Wizard for its next certified auction.
The Spartan Group announced its $50 million DeFi Venture Fund. The Spartan Group has previously invested in DeFi protocols/tokens, including MKR, LINK, SNX, YFI, and AAVE.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)