Bacon, Eggs, and DeFi #041
Recap of March 25 and 26, 2021
Welcome to Bacon, Eggs, and DeFi #041. Here's what happened over the past two days in the world of DeFi!
DEXes:
Matcha reached $5 billion in total transaction volume.
Sushiswap announced the launch of BentoBox and its first dApp Kashi.
1inch Exchange started a 24-week long liquidity mining rewards program for the 1INCH/VSP pool. 1inch and Vesper Finance will distribute 150,000 1INCH and 100,000 VSP to LPs.
0x added three liquidity sources for Binance Smart Chain to its API, including Nerve Finance, Belt Finance, and Ellipsis.
1inch Exchange will extend its Binance Smart Chain 1INCH/BNB liquidity rewards program for another four weeks.
Lending:
Cream Finance added SUSHI (Binance Smart Chain) as collateral.
Unilend Finance shared its flash loan audits completed by CertiK.
Ruler Protocol added PICKLE as collateral.
Cream Finance will increase the collateral factor of FRAX from 0% to 60%.
Asset Management:
Indexed Finance announced its NFTP Index, which will initially be composed of ENJ, MANA, SAND, SUPER, AUDIO, AXS, ERN, GALA, RARI, and NFTX.
Index Coop’s Flexible Leverage Index (FLI) reached its initial 50,000 supply cap.
BadgerDAO/DeFiDollar announced their interest-bearing bitcoin ibBTC.
Hord raised $1 million in its seed round from investors, including DAO Maker, LD Capital, and BlueBridge Financial.
Index Coop will launch the Metaverse Index (MVI) after a recent governance vote passed. MVI will be composed of ENJ, MANA, SAND, RFOX, AXS, WHALE, RARI, MEME, REVV, AUDIO, MUSE, DG, TVK, NFTX, and WAXE.
Derivatives:
Charm Finance raised its seed round from investors, including Divergence Ventures, DeFiance Capital, and Delphi Digital.
Opyn added two UNI options, including a $22 put and a $32 call, which both expire on April 23.
Insurance/Security:
Multiple protocols started bug bounty programs on Immunefi, including Idle Finance, DSLA Protocol, and Sushiswap. The maximum bounty for discovering a critical vulnerability on each protocol is $500,000, $100,000, and $1,000,000.
Nexus Mutual added coverage options for BadgerDAO.
Other:
Optimism will be delaying its mainnet launch.
DeversiFi announced its governance token DVF.
Dragonfly Capital will be launching Fund II, a $225 million venture fund focused on DeFi, NFTs/creator monetization, Layer 2, and centralized financial infrastructure.
Chainge Finance, OIN Finance, Akash Network, Arweave, Bonfida, Wanchain, Popsicle Finance, Minty.Art, BakerySwap, and FarmFolio were added to DeFi Database.
Coinbase listed ANKR, CRV, and STORJ.
Etherscan added an airdrops page, allowing users to view protocols having airdropped tokens to users/LPs.
Upcoming Projects
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!