Bacon, Eggs, and DeFi #029

Recap of March 10, 2021

Welcome to Bacon, Eggs, and DeFi #029. Here's what happened yesterday in the world of DeFi!

DEXes:

• Dex.guru reached $5 million in total transaction volume. In the future, Dex.guru will add support for Matic and Binance Smart Chain and will launch a token.

• Paraswap users can now search for tokens by pasting the address into the token search bar.

• Convergence Finance’s upcoming IDO will occur on Polkastarter.

• Orion Protocol integrated Binance Smart Chain.

Lending:

• NFTfi, a marketplace on NFT collateralized loans, added multiple NFTs as collateral, including Beeple Everydays - Raw (The 2020 Collection), NFTrees, and Bullrun Babes.

• Inverse Finance is now live on Tally.

• Cream Finance shared its audit completed by Trail of Bits on C.R.E.A.M. v1 and v2/Iron Bank.

Asset Management:

• Spendless added a Gitcoin Grants Matching Pool Fund. Spendless also hinted it might distribute NFTs to depositors.

• PoolTogether’s reserve ratio will increase from 0% to 5%.

• DeFi Pulse added data from CoinShares Crypto Gold Index Lite (CGI) to Index Coop’s TVL.

• BadgerDAO added bDIGG/ETH and bBadger/ETH to Sushiswap.

• dHEDGE will distribute 15,000 DHT per week to sUSD/DHT liquidity providers on Uniswap. Synthetix will also contribute 3,000 SNX per week to LPs over the next ten weeks.

• Bond.bet, a protocol for sports betting, no loss lotteries, and prediction markets, is now live. There are two pools, the Community Reward Pool and the BB DAO Staking Pool, currently active.

• Sovryn announced its partnership with Liquality.

Derivatives:

• Premia Finance shared its audit completed by CertiK. No critical or medium-risk smart contract bugs were discovered.

Insurance/Security:

• Unslashed Finance added an ETH-backed insurance policy for USDT protection. The USDT peg loss needs to be greater than 5% over 15 days or more to qualify.

• Opium Network added support for WalletLink.

Other:

• Frax Finance announced Frax v2 with new features, including the Algorithmic Market Operations Controller (AMO) and improvements to collateral ratios.

• Tornado Cash added support for on-chain encrypted backups of private notes.

• Lido Finance will distribute 5,000,000 LDO to stETH/ETH liquidity providers on Curve Finance over the next month.

• The Block added charts for the Number of Unique Wallets in the Last 7 Days and 30 Days to its data dashboard.

• StakeHound will soon add support for stDASH, a wrapped ERC-20 version of DASH.

• Zerion added multiple new features, including real-time ETH gas prices, quick search for tokens, and the ability to toggle between currencies.

• SharedStake will airdrop 52,000 SGT on April 12 to users who stake 0.1 vETH2 and 10 SGT.

• Gasnow.org users can now view gas prices via Gasnow’s Google Chrome extension.

Upcoming Projects:

• Sommelier Finance - Multicoin MP Kyle Samani explains Sommelier in this thread.

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

- Austin (@1A1zP1)