Bacon, Eggs, and DeFi #009
Recap of February 10, 2021
Welcome to Bacon, Eggs, and DeFi #009. Here's what happened yesterday in the world of DeFi!
DEXes:
Three Arrows Capital and DeFiance Capital purchased $5 million of BAL tokens as part of Balancer’s rolling Series A.
DODO added UNCX (UniCrypt), CAP (CapDot Finance), LIT (Litentry), and SKL (Skale) to its default trading list.
SushiSwap added a TORN/ETH pool to its Onsen liquidity mining rewards program. LPs can earn 0.696 SUSHI per day for every $1,000 deposited.
A Dune Analytics dashboard for MetaMask’s swaps is now available.
DODO released details of DODO v2 tokenomics.
Lending:
Cream Finance added bBADGER to its lending and borrowing pools. There is also a proposal to increase bBADGER’s collateral factor from 0% to 60% so that users can borrow assets from their bBADGER deposits.
AAVE token holders are currently voting on AIP-10, which would add xSUSHI to Aave if passed.
There are multiple new features in Alpha Homora v2, including the ability to re-leverage leveraged positions, view each pool’s TVL, and view asset prices.
Asset Management:
PieDAO announced liquidity mining incentives for the DOUGH/ETH, DOUGH, and BCP/ETH pools on Loopring.
BadgerDAO announced a partnership with Yearn Finance.
dHEDGE announced dHEDGE Fast Oracle eXchange (FOX), an intermediate solution to gas fees before moving to Optimistic Rollups.
Derivatives:
Mirror Protocol users can now purchase mBTC, mETH, mABNB (Airbnb), mFB (Facebook), and mGS (Goldman Sachs). Additionally, the TVL of mAssets and UST crossed $200 million.
Limit orders are now available on Opyn. Users can set a price and a time deadline (in seconds, minutes, hours, or days) to purchase or sell options.
Synthetix founder Kain Warwick tweeted that Synthetix is now profitable on protocol fees alone. At the moment, sDAO claims around $750,000 in fees per month.
Insurance/Security:
An unknown user purchased $10,434,900 of coverage for Bancor on Nexus Mutual. There has been an uptick in large coverage purchases on Nexus Mutual, including $18,784,800 of coverage for MakerDAO multi collateral DAI.
There is an ongoing bug bounty program on Immunefi for Opyn. The maximum bounty is currently set at $100,000 for finding a critical vulnerability.
Prediction Markets:
Omen added a new scalar market for the price of Unisocks at the end of March 2021.
Polymarket added a new market for whether The Hashmasks’ seven-day volume on February 25, 2021, will be the largest by NFT project.
Upcoming Project to Watch:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)