Bacon, Eggs, and DeFi #026

Recap of March 6 and 7, 2021

Welcome to Bacon, Eggs, and DeFi #026. Here's what happened over the weekend in the world of DeFi!

DEXes:

• Slingshot will integrate Polygon for its second chain.

• Bancor added ENJ to its liquidity mining program.

• Dex.guru reached $4 million in trading volume.

Derivatives:

• Alchemix Finance reached $500 million TVL in its first week.

Insurance/Security:

• Cover Protocol released guidelines for its credit default swaps (CDS).

• Delta Financial started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $1,500,000, which is the largest bug bounty on the platform to date.

• Opium Network is launching a liquidity mining rewards program for the protection pool with continuous staking and unstaking.

Prediction Markets:

• Omen’s market for if ‘Compound, Aave, or dYdX announce a smart contract bug or loss of user funds before December 31, 2020?’ resolved to No.

Other:

• Fei Protocol released details for its upcoming Genesis Group on March 22.

• Polygon announced Polygon Improvement Proposals (PIPs).

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

- Austin (@1A1zP1)