Bacon, Eggs, and DeFi #043

Mar 31, 2021

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

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.

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.

There is a new proposal on Index Coop to create a Synthetix Debt Pool Mirror Index.
Saffron Finance will be partnering with BonFi.

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.

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.

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.

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

Bacon, Eggs, and DeFi