Bacon, Eggs, and DeFi #042

Recap of March 29, 2021

Welcome to Bacon, Eggs, and DeFi #042. Here's a recap of yesterday’s DeFi news!

DEXes:

• Integral Protocol launched to mainnet with four initial pools available for yield farming, including WETH/WBTC, WETH/USDC, WETH/USDT, and WETH/DAI.

• Convergence Finance shared its roadmap and its four upcoming products, ConvO, ConvX, ConvPool, and ConvDAO.

• Bancor users can now add BOND to single-sided liquidity pools.

Lending:

• Liquity raised $6 million in its Series A from investors, including Pantera Capital, Nima Capital, and Alameda Research.

• Force DAO released details on its upcoming airdrop.

• Swivel Finance launched to Kovan Testnet.

• Cream Finance added four Pancake Swap LP tokens to its borrowing/lending markets, including CAKE/BNB, BNB/BUSD, BTCB/BNB, and ETH/BNB.

• Ruler Protocol will be on-boarding more assets as collateral, including interest-bearing tokens and NFT index funds.

Asset Management:

• PoolTogether reached $160 million in deposits.

• Popsicle Finance launched with an ICE and fUSDT pool.

Derivatives:

• Injective Protocol launched Equinox Staking, with the baseline APY set at 15% and the potential to earn up to 29% via boosts.

• Perpetual Protocol PERP staking is now live.

• Siren Protocol added option markets for UNI, SUSHI, and YFI with one and two-month expirations.

• Auctus Project will be making a product announcement on Wednesday.

Insurance/Security:

• Enzyme Finance started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $250,000.

Other:

• Visa became the first major payments network to allow payment settlements in USDC on Ethereum.

• Dharma unveiled an upgraded version of its wallet, allowing users to deposit up to $25,000 per week from their bank directly into Aave, Compound, Yearn, and Uniswap.

• DeFi Pulse 88mph’s TVL now includes amounts from Harvest Finance’s CRV/STETH and CRV/RENWBTC pools.

• Knit Finance, Ruler Protocol, Kine Protocol, Unifty.io, and BSCView were added to DeFi Database.

• Alameda Research minted 1,200 WBTC.

• Zapper now supports balance tracking for Unit Protocol.

• Origin Protocol announced that Chainlink is now Origin Dollar’s only price feed data provider.

• DeFi added WePiggy to its dashboard.

Reading List:

• A quick look into liquidity providers

Stay tuned for the next edition of Bacon, Eggs, and DeFi!