Bacon, Eggs, and DeFi #032

Recap of March 13 and 14, 2021

Welcome to Bacon, Eggs, and DeFi #032. Here's what happened over the weekend in the world of DeFi!

DEXes:

• Snowswap launched a new pool for fHarvest stablecoins, allowing users to swap between fUSDC, fDAI, fUSDT, and vanilla USDC.

• Quickswap’s first governance vote is now live. QUICK holders can vote to allocate 0.04% of trading fees to stakers and 0.01% to the QS Foundation Fund. If the vote passes, LPs will earn 0.25% on trades (reduced from 0.3%).

• QuickSwap added 13 liquidity mining reward pools, including DEFI5/QUICK, DEFI5/ETH, and XMARK/QUICK.

• A preview of Slingshot (formerly known as DEX.AG) can be seen here.

• Professor J.E.Y shared trading costs for Integral compared to Binance and Uniswap.

Lending:

• Alchemix Finance raised $4.9 million through an ALCX token sale from investors, including CMS Holdings, Alameda Research, and Nascent.

• Ruler Protocol added INV as collateral.

• Unit Protocol increased borrowing limits for multiple tokens, including WETH, WBTC, and MKR.

• Alchemix Finance users can earn ALCX by staking across four pools, including ALCX/ETH SLP, alUSD3CRV, ALCX, and alUSD.

• Ruler Protocol upgraded its Ruler Core smart contracts to v1.0.1 after ImmuneFi found a bug affecting fee collection.

• ARCx reached $30 million TVL.

Asset Management:

• Idle Finance will match Graph Protocol’s grant to build subgraphs.

• Onsen rewards for bBAGDER/ETH and bDIGG/ETH are now live on Sushiswap.

• PoolTogether reached $130 million in deposits.

Other:

• Float Protocol forked Snapshot to create Scattershot, allowing token holders to choose multiple options for governance votes.

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

- Austin (@1A1zP1)