Welcome to Bacon, Eggs, and DeFi #044. Here's a recap of yesterday’s DeFi news!
DEXes:
DODO added MTL, GFX, OFN, and UBT to its default trading list.
Loopring launched a 13-day liquidity mining rewards program, with incentives for AMM LPs, AMM swappers, and Orderbook LPs.
Lending:
Aave launched to Polygon, with support for seven initial assets, including MATIC, USDC, USDT, DAI, WETH, AAVE, and WBTC.
After launching to mainnet on Tuesday, UniLend Finance’s first flash loan was completed.
Asset Management:
Element Finance raised $4.4 in its seed round from investors, including Andreessen Horowitz, Placeholder, and Robot Ventures.
PoolTogether launched on Polygon.
ForceDAO removed deposit limits for 3CRV, USDC, USDT, DAI, ETH/USDT SLP, ETH/USDC SLP, and ETH/DAI SLP.
mStable launched Feeder Pools to grow the protocol’s liquidity. There are four initial pools, including mUSD/BUSD, mUSD/GUSD, mBTC/TBTC, and mBTC/HBTC.
Vesper will be launching a vLINK pool with a conservative risk level.
Derivatives:
Auctus Project announced an AUC call options airdrop and a five-month-long liquidity mining rewards program.
UMA reached $200 million TVL.
Synthetix integrated Optimistic Ethereum into its staking dApp.
Injective Protocol partnered with Razor Network to integrate its price feed data.
Opyn v2’s interface will be using 0x v4 for oToken trading.
Insurance/Security:
Nsure Network launched to mainnet with Capital Mining to bootstrap liquidity on the Protocol.
mStable increased the critical vulnerability reward for its Immunefi bug bounty program to $100,000 as part of the Armor Alliance Bug Bounty Challenge.
Avalanche started a bug bounty program on HackenProof.
Cover Protocol’s Rewards Mining for multiple pools ended. LPs have seven days to claim rewards.
Other:
Gro raised $7.1 million from investors, including Galaxy Digital, Framework Ventures, and Variant. Gro’s first product will be a protocol for earning yield on stablecoins.
Konomi Network, Treasureland, ADD.xyz, SuperFarm, and Overlay Protocol were added to DeFi Database.
DeFi Pulse added mStable’s mBTC to its ‘Bitcoin at Work’ dashboard.
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!