Welcome to Bacon, Eggs, and DeFi #025. Here's what happened yesterday in the world of DeFi!
No news on DEXes or lending protocols yesterday!
Asset Management:
BadgerDAO announced The Badger Annexe, an incubator for products supporting the growth of Bitcoin in DeFi.
Derivatives:
dTrade, a derivatives DEX on Polkadot, raised its pre-seed round from investors, including Polychain Capital, ParaFi Capital, and Hypersphere Ventures.
Opyn is launching a four-week liquidity mining rewards program for its WETH/USDC pool. Opyn will distribute 3,000 USDC per week to LPs.
Insurance/Security:
Cover Protocol ended its partnership/merger with Yearn Finance.
Unslashed Finance launched its governance token USF to mainnet.
Synthetix started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $100,000.
OpenZeppelin shared its smart contract audit for Compound Bravo.
An unknown attacker exploited PAID Network by minting 59.7 million PAID (~$160 million) and swapping the tokens for 2,000 ETH on Uniswap. Those interested can find Slowmist's analysis here.
Other:
Aave Founder Stani Kulechov is joining Variant Fund as a Venture Partner.
DeFi Pulse added Primitive Finance to its dashboard.
DeFi Pulse updated mStable's TVL to include mBTC and mUSD assets.
Zerion now supports tracking asset balances on Binance Smart Chain.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)