Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #048
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Bacon, Eggs, and DeFi #048

Recap of April 5 and 6, 2021

Austin
Apr 7, 2021
Share this post
Bacon, Eggs, and DeFi #048
baconeggsandefi.substack.com

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!

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