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)