Bacon, Eggs, and DeFi #031
Recap of March 12, 2021
Welcome to Bacon, Eggs, and DeFi #031. Here's what happened yesterday in the world of DeFi!
Curve weekly fee distribution over time
0x announced details of its DAO and funded its community-owned treasury with 2 million ZRX.
1inch Exchange integrated Spartan Protocol as a liquidity source.
Sushiswap is now the largest DEX by TVL.
1inch Exchange added support for Arkane Wallet.
Alpha Finance started a month long liquidity mining program for Alpha Homora v1 and Alpha Homora v2. Starting March 12, 4.95 million ALPHA will be distributed to Alpha Homora v2 stablecoin lenders (USDT, USDC, DAI), Alpha Homora v2 ETH lenders, and users who open leveraged positions > 1x.
MKR holders can now vote on an executive proposal to change multiple stability fees and add ETH-C as collateral.
Saffron Finance will be releasing new features soon, including support for 7 new wallets, dark mode, and more detailed liquidity pages.
BadgerDAO will likely move to Badger.com after an early advisor acquired it on Badger’s behalf.
Indexed Finance is now live on Tally.
Set Protocol launched the FAANG index in conjunction with Mirror Protocol. FAANG is comprised of five mAssets, including mFB, mAMZN, mAAPL, mNFLX, and mGOOGL.
Enzyme Finance implemented a Deposit Request contract, allowing managers to essentially place a time delay on new deposits.
Opyn partnered with GenesisVolatility to bring multiple charts to Opyn’s UI, including Moneyness Surface, ATM Term Structure, and Moneyness Skew.
Kine Protocol shared a recap of its Balancer LBP offering for KINE.
ArmorFi added coverage for 10 protocols, including Trust Token, Tornado Cash, DeversiFi, Mooniswap, DODO, dForce, Opyn, Ledn, Hodlnaut, and BlockFi.
Siren Protocol started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $100,000.
ArmorFi partnered with ImmuneFi to launch the Big Bug Bounty Challenge. ArmorFi will match up to $500,000 in rewards (payable in ARMOR tokens) to any protocol that launches a bug bounty program on ImmuneFi.
Unslashed Finance announced its DAO.
1 million ETH has been deposited in Tornado Cash since launch.
Option Room announced its governance token COURT.
Alameda Research invested $20 million into REEF Finance through a token purchase.
Keep announced liquidity mining rewards for the upcoming week, including 25,000 KEEP to the TBTC/ETH pool on Uniswap, 170,000 KEEP to the KEEP/ETH pool on Uniswap, and 250,000 KEEP to Saddle Finance.
Zapper users can now stake ORN/ETH Uniswap v2 LP tokens in-app to earn ORN.
Parsec Finance, HAPI, Illuvium, Dexguru, and Bablylon Finance were added to DeFi Database.
SharedStake explained the details of its upcoming 52,000 SGT airdrop.
Also check out this thread I wrote on 1inch’s decline in TVL.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)