Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #021
baconeggsandefi.substack.com

Bacon, Eggs, and DeFi #021

Recap of March 1, 2021

Austin
Mar 2, 2021
Share this post
Bacon, Eggs, and DeFi #021
baconeggsandefi.substack.com

Welcome to Bacon, Eggs, and DeFi #021. Here's what happened yesterday in the world of DeFi!

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DEXes:

  • February DEX volumes reached an all-time high of $73 Billion.

  • 1inch Exchange reached 1 million swaps.

  • Bancor added UNI to its liquidity mining program.

  • Saddle Finance reached 1,000 BTC TVL.

  • QuickSwap DEX integrated Transak, allowing users to buy crypto from their credit or debit cards.

  • 0x API now supports 0x Protocol V4.

Lending:

  • Compound announced Gateway, its cross-chain interest rate market, is launching on testnet.

  • Rebecca Rettig will be joining Aave as General Counsel.

Asset Management:

  • Indexed Finance announced DEGEN, an index for higher-risk, higher-reward assets with market caps ranging from $50 million to $2 billion. DEGEN will initially be composed of RUNE, REN, RSR, CRV, 1INCH, OCEAN, APLHA, BADGER, POLS, and MIRS.

  • PieDAO added SUSHI to its DeFi Large Cap (DEFI+L) index.

  • Enzyme Finance added support for stETH.

Derivatives:

  • SIREN Markets raised $4 million from investors, including 1kx, The Spartan Group, and CMS Holdings.

  • Injective Protocol is integrating with Avalanche.

Insurance/Security:

  • Opium Finance announced two new liquidity mining programs for 1inch Exchange and SushiSwap.

  • Alchemix Finance and Yield Protocol launched bug bounty programs on Immunefi. The maximum bounty for discovering a critical vulnerability on either protocol is $50,000.

  • Furucombo released a post mortem on the recent exploit, which affected 21 assets worth $15 million.

Other:

  • zkSync raised its Series A from investors, including USV, Coinbase Ventures, Placeholder.

  • New York Residents can now buy AAVE, BAND, BNT, COMP, GRT, LRC, MKR, REN, SNX, UNI, WBTC, and YFI on Coinbase.

  • WETH10 launched to mainnet.

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

- Austin (@1A1zP1)

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