Welcome to Bacon, Eggs, and DeFi #024. Here's what happened yesterday in the world of DeFi!
DEXes:
PancakeSwap reached $4 billion TVL.
Curve Finance’s v1 factory pools were affected by a recently discovered bug.
DODO announced its partnership with Clover Finance to support Polkadot.
Lending:
MakerDAO launched MIPs Portal, a dashboard for its Improvement Proposals (MIPs).
Cream Finance is now live on Fantom with support for 19 assets, including wFTM, CREAM, WETH, wBTC, DAI, USDC, YFI, SUSHI, AAVE, CRV, BAND, KP3R, sUSD, COVER, HEGIC, LINK, SNX, SFI, and FRAX.
Ruler Protocol reached $100 million TVL.
Inverse Finance’s governance token INV is now live.
Asset Management:
Index Coop shared its first financial report, which covers Revenue, Income & Expenditure for February.
Babylon Finance announced its governance token BABL. The total supply of BABL will be 1,000,000, and 69% of tokens will be distributed to the community.
Enzyme Finance released a feature allowing users to deposit ETH into any vault, regardless of the denomination asset.
Those who missed NFTX’s March 3 governance call can find a recording here.
Dune Analytics released a dashboard for DeFi index funds on Ethereum.
Yearn Finance announced Yearn Partners, allowing protocols that integrate into Yearn vaults to earn up to a 50% profit share from their contributed TVL.
Derivatives:
UMA will airdrop uTVL KPI Options tokens.
Insurance/Security:
Unslashed Finance raised $2 million in a seed round from investors, including Lemniscap, P2P Capital, and Bitscale Capital.
Primitive Finance started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $15,000.
Cover Protocol launched Credit Default Swaps.
Meerkat Finance was exploited/rugpulled for $31 million.
Other:
Ledger Live added support for Polkadot.
DeFi Pulse added Tornado Cash to its dashboard.
Zerion now supports tracking asset balances on Polygon.
Metamask released v9.1.0, adding support to all Firefox and Chrome users.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)