Welcome to Bacon, Eggs, and DeFi #033. Here's what happened yesterday in the world of DeFi!
DEXes:
QuickSwap partnered with Indexed Finance to start a liquidity mining rewards program for DEFI5/ETH and DEFI5/QUICK pools. 33 QUICK (~US$8,250) will be distributed to LPs, and more pools will be incentivized soon.
Tokenlon listed 15 new assets, including AAVE, ALPHA, BADGER, BNT, BOND, ENJ, FTM, GRT, MATIC, MEME, NFTX, RAI, SAND, SRM, and WHALE.
Sushiswap launched on Avalanche.
Lending:
Ruler Protocol will be implementing staking (xRULER) after REP-01 passed.
Cream Finance will add RUNE as collateral.
Asset Management:
Enzyme Finance is launching a video tutorial series on YouTube.
DOUGH holders are currently voting on PIP-56, which would bring the PLAY index to the PieDAO ecosystem. If passed, PLAY will be composed of blockchain gaming and metaverse-related tokens, including MANA, AXS, SAND, GAME, RFOX, MATIC, GHST, and ENJ.
BadgerDAO shared a preview of its upcoming yield dollar CLAWs.
Yearn.fi added a Loan To Value (LTV) lookup for assets on Cream Finance, Iron Bank, Compound, and Aave v1/v2.
Force DAO will increase deposit caps for all vaults from $3 million to $5 million.
Derivatives:
BarnBridge launched SMART Yield, allowing users to tranche out debt yield from various protocols. SMART Yield currently supports USDC from Compound. More tokens and support for Aave and Yearn Finance will be added in the future.
Yam Finance will double liquidity mining rewards for uSTONKS and uGAS over the next two weeks. Every week, LPs can earn 10,000 YAM and 10,000 UMA for uSTONKS and 10,000 YAM for uGAS.
Insurance/Security:
Cream Finance and PancakeSwap’s DNS was compromised by an unknown actor, causing users to see requests to enter their seed words.
Unslashed Finance reached 75,000 ETH TVL.
ImmuneFi is launching support for DeFi projects on Avalanche.
Cover Protocol shared a preview of its upcoming v2 UI.
Other:
Metamask v9.2.0 added new features, including support for multiple Ledger and Trezor hardware wallets and a warning when sending a token to its contract address.
Aztec Network launched its privacy rollup service zk.money.
SharedStake reached $30 million TVL.
Pickle Finance, TrustSwap, DeFi Pulse, Atari, and Cargo were added to DeFi Database.
DeFi Pulse added DeFi Saver to its dashboard.
Blank Wallet is launching a three-month liquidity mining rewards program for the BLANK/ETH pool on Uniswap.
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)