Bacon, Eggs, and DeFi #027
Recap of March 8, 2021
Welcome to Bacon, Eggs, and DeFi #027. Here's what happened yesterday in the world of DeFi!
Bancor added QNT to its liquidity mining program.
Ruler Protocol implemented flash loans with fees of 0.085%.
Coinbase Ventures, Dragonfly Capital, Multicoin Capital, and multiple other investors completed a treasury purchase from Saffron Finance.
ARCx added Lido Finance’s stETH as a form of collateral.
Yield Credit launched to mainnet with support for more than 30 tokens.
Cream Finance users can now wrap FTM in-app.
AAVE holders can now vote on governance proposals through Sybil.
Harvest Finance will be migrating its ETH/DAI, ETH/USDC, ETH/USDT, and ETH/WBTC liquidity to Sushiswap after 1INCH liquidity mining rewards ended.
dHedge will be launching Phase 1 of its ecosystem DAO.
Hedget will be expanding to Huobi Eco Chain (HECO) through a partnership with Fire Protocol.
Decentralized options protocol FinNexus raised $1.5 million from investors, including IOSG Ventures, Shata Capital, and Parallel Ventures.
Dave White, a Research Partner at Paradigm, released The Cartoon Guide to Perps, a definitive guide to perpetual swaps.
Kwenta implemented short selling for sBTC and sETH.
Nexus Mutual users can now purchase coverage for Reflexer Finance.
ArmorFi is integrating with Zapper, Zerion, DeBank, and Coingecko.
Polymarket added a new market for whether NFT marketplaces SuperRare, Zora, Opensea, or Nifty Gateway will launch a token by April 30, 2021.
Fei Protocol raised $19 million from investors, including a16z, Framework Ventures, and Coinbase Ventures.
Clover Finance partnered with Manta Network.
Zapper now supports Saddle Finance LP balances.
50% of Coinbase Venture’s public investments in 2021 have been in DeFi protocols.
ETH2 staking service Stakewise raised $2 million from investors, including Greenfield One, Collider Ventures, and Gumi Cryptos. Stakewise will also distribute 20,000,000 SWISE (native governance token) amongst addresses that deposit the first 25,000 ETH.
Automata Network, a privacy service protocol for dApps, raised $1 million in its seed round from investors, including Genesis Block Ventures, IOSG Ventures, Alameda Research.
DeFi Pulse added IDEX to its dashboard.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)