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)