Welcome to Bacon, Eggs, and DeFi #020. Here's what happened over the weekend in the world of DeFi! I will continue to experiment with ways to format this newsletter. This edition is basically a curated Twitter feed of the most interesting tweets from the past few days. I would love feedback if this format is better/worse!
DEXes:
π @ape_swap is now integrated into #1inch! π
π€ So why be a human, when you can be an ape? π
$1INCH $BANANA #BSC #DeFi
Weβre thrilled to announce that @fraxfinance has chosen QuickSwap as their official L2 integration partner! π
πFRAX is the worldβs 1st fractional-algorithmic stable coin & they just added a MASSIVE liquidity pool on QuickSwap.exchange.
Lending:
Added another feature on #AlphaHomora to allow leveraged yield farmers to re-leverage their open positions (borrow more ETH to yield farm).
#buidling continues πͺ
Unit Protocol introduces the new collateral ARMOR ( $ARMOR) @ArmorFi . Mint $USDP with unit.xyz, swap via component.finance
Asset Management:
Introducing the Badger Cetedel Program. Dedicated to providing incentivizes to bring $500B of #Bitcoin to DeFi.
Level1β£Liquidity Mining
Level2β£Developer Mining
Level3β£Badger Cetedel
Thread π
badgerdao.medium.com/the-badger-cetβ¦
Community no loss prize pools are live!
Join the first ones created by @Barn_Bridge, @reflexerfinance, and @indexcoop
We're excited to announce that Enzyme Council will be subsidising gas fees on @paraswap for the month of March in a pilot program.
More details here:
Derivatives:
We are rapidly approaching the current debt ceiling of 50m alUSD. In this medium article, we detail this exciting situation.
Insurance/Security:
ICYMI: @LidoFinance & @UnslashedF partner up to protect stakers against up to 5% in slashing penalties π‘οΈ
blog.lido.fi/lido-unslashedβ¦
Today at 4:47 PM UTC the Furucombo proxy was compromised by an attacker. We have deauthorized the relevant components and believe the vulnerability to be patched but we recommend users remove approvals out of an abundance of caution.
This exploit affected our treasury funds. We have revoked all approvals to external contracts from our wallets, but suffered a lost of $1.1M.
C.R.E.A.M. markets are functionally normally and not impacted.
We will await further details from the Furucombo team.
FURUCOMBO @furucombo
π’As per proposal #116 the Nexus Mutual Community Fund has now been set up π’
Earlier today we minted 250,000 NXM into its treasury.
Next steps are up to the community π
1/ TLDR
A scammer took 1.2m ARMOR tokens from a team member which they have already finished dumping for approx. 600 ETH ($850k USD). Nothing was hacked, the project remains safe and @ArmorFi can recover from here.
Thread: https://t.co/C49svst3xh
simp2win @Simp2win
Other:
Summoners, we published details about FLX and the planned ungovernance process π
medium.com/reflexer-labs/β¦
Eth2 hit 100k validators! π
This is a super impressive accomplishment. I got excited and decided to whip up another info site: so here is stakers.info!
ππNEW LISTINGππ
@1inchExchange is now listed in our #DeFi rankings at #8 with $1.52B Total Value Locked defipulse.com/1inch-liquiditβ¦
0/ Weβre happy to announce the next stage in @Delphi_Digital's evolution: Delphi Labs
Our goal with Delphi Labs is simple: to become the leading contributor helping to build out the decentralized future
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)