Bacon, Eggs, and DeFi #047
Recap of April 3 and 4, 2021
Welcome to Bacon, Eggs, and DeFi #047. Here's a recap of this weekend’s DeFi news!
Starkware announced Caspian, a new Layer-2 AMM design allowing users to trade on L2 while liquidity remains on L1.
The Bancor Vortex Burner is now live. 5% of swap fees will now be used to buy and burn vBNT to increase locked liquidity, reduce the circulating supply of VBT, and increase lending capacity.
Sushiswap will remove the six-month vesting for LP rewards (pending the treasury multisig transaction confirmation).
Ruler Protocol will airdrop RULER to a small number of active members in its Discord and Telegram channels.
Unit Protocol will be switching oracles from Keep3r to Chainlink.
Ruler Protocol added Indexed Finance’s DEFI5 as collateral.
Yearn Finance reached $2 billion TVL across all its products.
Rari Capital will add a cross-chain asset Fuse pool with RenVM supported assets after a recent governance proposal (RIP-20) passed.
DeFi Pulse Index reached $150 million TVL.
Force Protocol’s xFORCE suffered a smart contract exploit, resulting in a loss of ~$367,000 FORCE.
Fei Protocol increased its critical and high bug bounty amounts on ImmuneFi to $1.1 million and $40,000.
Christine Parlour and Dawn Song will be teaching a DeFi course at UC Berkeley.
Users committed 638,000 ETH and minted $1.3 billion of FEI during its Genesis event.
More than $25 million is now stored in Gnosis Safe.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!