Bacon, Eggs, and DeFi #025

Recap of March 5, 2021

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)