Bacon, Eggs, and DeFi #043

Recap of March 30, 2021

Welcome to Bacon, Eggs, and DeFi #043. Here's a recap of yesterday’s DeFi news!

DEXes:

• 1inch Exchange started a liquidity mining rewards program with Opium Network. Over the next 24 weeks, 150,000 1INCH and 150,000 OPIUM will be distributed to LPs in the 1INCH/OPIUM pool.

• Loopring liquidity providers now earn 0.20% of trades.

• ParaSwap reached 100,000 total swaps.

• ComethSwap reached $20 million TVL.

• DODO added VRA, PICKLE, bMXX, and ALCX to its default trading list.

• 1inch Exchange integrated Nerve Finance as a liquidity source for Binance Smart Chain swaps.

• Bancor users can now stake ARMOR in single-sided liquidity pools.

Lending:

• Compound Governor Bravo is now live, with new features, including upgradable implementation, settable parameters, and the option to abstain in a vote.

• UniLend Finance launched to the Ethereum mainnet. Users can stake their UFT to provide liquidity for flash loans and earn 1% of the rewards pool.

• Greenwood v2 is now live, allowing users to borrow from lending protocols with the lowest interest rate. Currently, Greenwood supports Aave and Compound.

Asset Management:

• There is a new proposal on Index Coop to create a Synthetix Debt Pool Mirror Index.

• Saffron Finance will be partnering with BonFi.

Derivatives:

• DEUS Finance reached $125 million TVL.

• Injective Protocol users can now stake on Equinox through their Ledger wallet. Injective also rewarded early stakers through an APY boost.

• dYdX increased deposit maximums on its Layer 2 Perpetuals alpha to $10,000.

• Klondike Finance completed its token migration process from KLON to KLONX.

• Kwenta hinted at Layer 2 and leverage coming in the future.

Insurance/Security:

• OpenZeppelin shared its completed smart contract audits for Fei Protocol. OpenZeppelin found five critical vulnerabilities and three high vulnerabilities.

• Fei Protocol started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $1,000,000.

Other:

• Dynamic Set Dollar will be migrating liquidity from Uniswap to Sushiswap.

• Upshot, Playcent, YFUNI Finance, CyberTime Finance, and Oxygen Protocol were added to DeFi Database.

• OKCoin listed MKR and SNX.

Reading List:

• A Tale of Three DeFi Indices

• Inside Arbitrum

• Sushi First Course — 2021 Q1 Update

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