Bacon, Eggs, and DeFi #014

Recap of February 19 and 20, 2021

Welcome to Bacon, Eggs, and DeFi #014. Here's what happened over the past two days in the world of DeFi!

DEXes:

• 1inch Exchange will be adding an mBTC pool with $1 million of liquidity.

• Binance added DODO to the Binance Launchpool.

• Paraswap added two new market makers, MultiPath and ParaSwapPool4, which will be used to optimize order routing.

• Curve Finance added a LINK/sLINK pool.

• Sushiswap will be moving to sushi.com after Future Fund acquired the domain for the DEX.

Lending:

• Cream Finance added ALPHA to its borrowing and lending pools. Additionally, there are two active proposals on Cream to increase the collateral factors of xSUSHI and bBADGER to 60%.

• Saffron v2 will be launching on Ethereum and Binance Smart Chain on February 24.

Asset Management:

• Enzyme Finance will distribute a Hashmask to a random user of the protocol.

• BadgerDAO will be integrating Chainlink price feed oracles for the daily DIGG rebase.

• Indexed Finance’s ORCL5 index is now live. The index consists of LINK, ORAI, UMA, BAND, and DIA.

• Enzyme Finance added 14 new assets, including 1INCH, sTSLA sDOT, iDOT, AAVE, iAAVE, sUNI, iUNI, sYFI, iYFI, sCOMP, iCOMP, sREN, and iREN.

• NFTX launched v0.1 of its gallery.

Derivatives:

• More than $22,000,000 in options were traded on Hegic. This amount sets the record for the highest on-chain single-day options volume.

• Antonio Juliano, the founder of dYdX, discusses Ethereum scaling and DeFi derivatives.

Insurance/Security:

• Cover protocol added coverage for Reflexer Finance. Cover Protocol will distribute 1,888.89 yDAI (noclaim pool) and 333.33 yDAI (claim pool) per week to liquidity providers.

• Nexus Mutual reached $1 billion in active coverage.

• ArmorFi CTO Robert Forster will pay $320,000 (in ARMOR tokens) to anyone who can find a critical smart contract bug in an Ethereum based project.

• Cover Protocol Stats are now available at http://covertracker.io.

• Users have deposited 45,000 ETH into Unslashed Finance’s Spartan Bucket.

Prediction Markets:

• Vitalik Buterin shares his thoughts on prediction markets.

Other:

• The Graph is adding support for Polkadot, Solana, Celo, and NEAR Protocol.

• DeFi Pulse added Siren Protocol to its dashboard.

• Clover Finance raised its seed round from investors, including Polychain Capital, HyperSphere Ventures, and Bithumb.

Upcoming Projects:

• AntiMatter - On-chain and cross-chain DeFi perpetual options. Raised a $150k seed round from investors, including NGC Ventures, Spark Digital, and Monday Capital.

• Ruler Protocol - DeFi lending protocol. Peckshield and CertiK audited Ruler Protocol’s smart contracts and found no major smart contract bugs.

Stay tuned for the next edition of Bacon, Eggs, and DeFi!

- Austin (@1A1zP1)