Bacon, Eggs, and DeFi #048

Recap of April 5 and 6, 2021

Welcome to Bacon, Eggs, and DeFi #048. Here's a recap of the past two days’ DeFi news!

DEXes:

• Kyber Network’s Dynamic Market Maker (DMM) launched to mainnet.

• Metamask Swaps are now available to Android and iOS users.

• Integral Protocol will be launching an ETH/LINK pool.

Lending:

• Liquity, an interest-free borrowing protocol, launched to mainnet.

• Cream Finance’s Iron Bank reached $350 million TVL.

• OCEAN was added to Cream Finance’s borrowing/lending markets.

• Ruler Protocol reached $100 million TVL.

Asset Management:

• BadgerDAO plans on launching its single asset WBTC vault this week.

• Index Coops’ Flexible Leverage Index (FLI) reached a $15 million market cap.

• Force DAO recovered 45 ETH from its recent exploit and announced a remediation plan.

• Yearn Finance reached $2.5 billion TVL.

• Rari Capital integrated Chainlink’s price feeds for its Fuse pools.

Derivatives:

• dYdX launched its Layer 2 (Starkware) cross-margined Perpetuals.

• UMA Protocol partnered with Sushiswap to create xSUSHI options. The first call option has a strike price of $25 and expires on May 31, 2021.

• CompliFi announced the launch of its governance token COMFI.

• Injective Protocol launched governance for its spot markets, allowing users to propose/vote on new spot market listings.

Insurance/Security:

• SharedStake shared its audit completed by CertiK.

• Nsure Network reached $5 million TVL.

• Value DeFi, Saddle Finance, and Autofarm launched bug bounty programs on ImmuneFi.

Other:

• NEAR Protocol launched Rainbow Bridge, allowing ERC-20 tokens to be bridged to NEAR and vice versa.

• Fei Protocol patched a vulnerability affecting the Fei incentive calculation.

• ChainSwap raised $3 million from investors, including Alameda Research, OK Block Dream Fund (OKEx), and NGC Ventures.

• TokenTax added historical support for Bancor.

• Cryptio, a crypto accounting platform, raised $1.2 million in its seed round from investors, including Draper Associates, ConsenSys Ventures, and Outlier Ventures.

• Zerion now supports balances for Alpha Finance’s ibTokens.

• Augur users can swap their REP to REPv2 in a new migration portal.

Reading List:

• DeFi Deep Dive #3: KeeperDAO

• wen FLOAT launch?

• Announcing Gnosis Auction Launch

• UNION’s Crypto Default Swap

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