Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #030
baconeggsandefi.substack.com

Bacon, Eggs, and DeFi #030

Recap of March 11, 2021

Austin
Mar 12, 2021
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Bacon, Eggs, and DeFi #030
baconeggsandefi.substack.com

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

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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)

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