Bacon, Eggs, and DeFi #030

Recap of March 11, 2021

Welcome to Bacon, Eggs, and DeFi #030. Here's what happened yesterday in the world of DeFi!

DEXes:

• Bancor users can now buy or sell ETH in-app through MoonPay.

• DODO has recovered all but $200,000 (currently frozen on an exchange) of funds from its recent exploit.

• ZKSwap will distribute 1993 NFTs to the community as part of its launch on Binance Smart Chain.

• Convergence Finance released its token details. There will be 10 billion CONV with only 448 million available at launch.

• BadgerDAO plans on launching a Layer-2 DEX for tokenized Bitcoin in Q2 of 2021.

Lending:

• 88mph will distribute 1,888 MPH to MPH/ETH LPs on Uniswap over the next two weeks.

• Inverse Finance users can now borrow ETH by using DOLA as collateral.

Asset Management:

• Indexed Finance will resume NDX staking rewards for the DEFI5/ETH, CC10/ETH, ORCL5/ETH pools on Saturday.

• Idle Finance’s governance is now live on Tally.

• PowerPool announced the launch of its Management Board.

• BadgerDAO released its roadmap with plans to integrate a Ren BTC Bridge and Badger Zaps. Additionally, Badger will be releasing CLAWS and upgrading DIGG.

Derivatives:

• Shorting sETH and sBTC is now live on Kwenta, with 16,000 SNX to be distributed as rewards.

• Alchemix Finance’s first governance vote is live. ALCX holders can vote on changing the emissions schedule for ALCX to increase rewards for token holders.

• Kine Protocol launched KINE via a Balancer Liquidity Bootstrapping Pool.

• Ribbon Finance announced Theta Vault, an on-chain automated options vault for ETH and WBTC.

Insurance/Security:

• EDDASwap and HOPR started bug bounty programs on Immunefi. Both bug bounty programs have a maximum bounty of $50,000 for discovering a critical vulnerability.

Other:

• Dynamic Set Dollar (DSD) released the roadmap of DSD v2, which is expected to launch on April 4.

• MATIC, SKL, and SUSHI launched on Coinbase.

• Zapper now supports in-app staking for ALCX, alUSD, and ETH/ALCX.

• Staking for BASE/USDC on Value DeFi is now active.

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

- Austin (@1A1zP1)