Bacon, Eggs, and DeFi #018
Recap of February 24, 2021
Welcome to Bacon, Eggs, and DeFi #018. Here's what happened yesterday in the world of DeFi!
DFX Finance, a decentralized exchange for fiat-backed stablecoins, raised $5 million from investors, including Polychain Capital and True Ventures. DFX also launched a liquidity mining program for its CADC/USDC, EURS/USDC, and XSGD/USDC pools.
A New York judge dismissed a lawsuit against Bancor for selling $216 million of unregistered securities.
Sushiswap announced Onsen v2 with multiple new pairs and changes in allocation point distribution.
OnX Finance announced its lending product, allowing users to lend ETH at a current rate of 312% APY and borrow ETH using aETH as collateral.
Liquity Protocol started a new smart contract bug bounty program with rewards up to $50,000 for finding a critical vulnerability.
Saffron Finance’s v2 beta version is now live on Binance Smart Chain.
Ruler Protocol shared its audit completed by CertiK.
Unit Protocols team tokens migrated to five-year vesting contracts.
Enzyme Finance released details of its next release, Sulu, which includes an Aave and Balancer integration, Curve pool integrations, and more!
Yearn Finance will extend Multi-sig powers for three months until the end of May after YIP-59 passed.
PoolTogether reached $100 million in deposits and is approaching $200,000 in weekly prizes.
dYdX launched cross-margin Perpetuals on Layer 2 via Starkware.
Antimatter is launching a Perpetual Put ETH Option for its first product.
Hegic Options passed $250 million in total volume.
A UMA developer proposed adding AAVE, LINK, SNX, UMA, UNI, and UNI-V2 LP tokens WBTC/ETH, USDC/ETH, UNI/ETH, and UMA/ETH as collateral.
Chainlink announced an Off-Chain Reporting (OCR) upgrade, which would increase data transfers to smart contracts by 10x.
DeFi Pulse added 88mph to its dashboard.
Optimism raised $25 million in its Series A from investors, including A16z.
RabbitHole - Platform for bootstrapping community.
DeFi Protocols’ Revenues by Igor Igamberdiev
Understanding Saffron Finance by Andre Cronje
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)