Welcome to Bacon, Eggs, and DeFi #015. Here's what happened over the weekend in the world of DeFi!
DEXes:
1inch Exchange passed $20 billion in total volume. Token Terminal also added data from 1inch v2 to its dashboard.
Saddle Finance’s smart contracts will soon support execution on Optimism.
Bancor crossed $1 billion TVL. Bancor also added support for GRT.
DODO’s v2 public beta is now live.
Lending:
Compound passed $10 billion TVL.
Ruler Protocol will airdrop 10,000 RULER to those who have participated in Cover Protocol, Yearn ecosystem, or Inverse Finance governance in the past.
Unit Protocol added xSUSHi, its first interest-bearing asset, as collateral.
Goldfinch shared its weekly update, including an upcoming audit for v1.1 and adding a staff engineer to the team.
Warp Finance received a 290 BAL grant from Balancer after integrating Balancer pool tokens as collateral.
Asset Management:
BadgerDAO is implementing a new single asset WBTC vault with five different strategies for gaining yield. Badger also released details of its new yield dollar CLAWS.
Derivatives:
AntiMatter released details for its governance token MATTER.
Primitive Finance discovered a critical vulnerability and white-hacked its smart contracts to rescue 98% of the funds.
Over the past year, Hegic passed $235 million in total volume, collected more than $6 million in fees, and processed over 4300 options.
Insurance/Security:
Cover Protocol added coverage for Unit Protocol and added coverage for Anyswap.
Cover Protocol is adding coverage support for flash loans.
Other:
The Block will be adding annualized DeFi Protocol revenue to its dashboard.
Reflexer Labs crossed $100 million TVL.
There are now 8 billion USDC in circulation. The amount has doubled since January 1, 2021.
OptionRoom launched ROOM NFT staking.
Upcoming Projects:
Raydium Protocol - An on-chain order book AMM built on Solana.
Alchemix - Synthetic token protocol representing the future yield of a deposit.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)