Bacon, Eggs, and DeFi #040
Recap of March 24, 2021
Welcome to Bacon, Eggs, and DeFi #040. Here's what happened yesterday in the world of DeFi!
Snowswap launched its fSnow pool, allowing users to swap between or add liquidity to Harvest Finance’s fAssets.
ZeroSwap will integrate Huobi ECO Chain (HECO), allowing protocols to access a larger audience for IDOs.
Kyber Network will upgrade KNC’s smart contracts to make the token more adaptable after a KIP-6 passed.
UniLend Finance shared distribution plans for its flash loans, allocating 70% to token stakers and 30% for purchasing UFT with the intent to burn it.
Cream Finance added RAI as collateral.
Popsicle Finance, a cross-chain yield platform for AMMs, will airdrop 0.5% of its governance token ICE to addresses that previously voted on BadgerDAO proposals through Snapshot.
Yield tokenization protocol APWine raised $1 million in its seed round from investors, including Delphi Digital, The Spartan Group, and DeFi Alliance.
PieDAO announced Oven v2 with new features, including adding additional input assets and allowing other protocols to build custom ovens.
NFTX launched seven new liquidity pools on Sushiswap.
BadgerDAO shared a preview of its upcoming Ren BTC bridge.
Klondike Finance is migrating its governance token from v1 to v2 (KLON -> KLONX).
Synthetix launched sKRW, a synthetic version of South Korea’s won.
Cover Protocol will delay its v2 launch to the end of April after Quantstamp requested extra time to review its smart contracts.
StarkWare raised $75 million in its Series B from investors, including Paradigm, Three Arrows Capital, and Alameda Research.
Hermez Network, a zk-rollup for Ethereum, launched to mainnet.
Blockchain data provider Covalent raised $2 million from investors, including Hashed Ventures, Coinbase Ventures, and Binance Labs.
NFTBoxes, Royale Finance, EDDASwap, Xend Finance, and Orca were added to DeFi Database.
XDEFI Wallet raised $1.2 million in its seed round from investors, including Mechanism Capital, Alameda Research, and Delphi Digital.
Chart of the Day:
Over the past month, the highest performing DeFi index was PowerIndex’s Yearn Ecosystem Token Index (YETI), with a 16.3% return. YETI is composed of YFI, SUSHI, CREAM, PICKLE, AKRO, KP3R, and CVP.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!