Bacon, Eggs, and DeFi #021

Recap of March 1, 2021

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

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)