Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #032
baconeggsandefi.substack.com

Bacon, Eggs, and DeFi #032

Recap of March 13 and 14, 2021

Austin
Mar 15, 2021
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Bacon, Eggs, and DeFi #032
baconeggsandefi.substack.com

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)

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