Welcome to Bacon, Eggs, and DeFi #049. After a few week's hiatus, here's a recap of yesterday's DeFi news!
DEXes:
Integral’s governance token ITGR will undergo a token split of 1:10,000. The token supply will increase from 30,000 to 300,000,000.
Paraswap integrated Smoothy as a liquidity source.
1inch Network added a sETH wrapper, allowing traders to swap from ETH/WETH to sETH.
Paraswap reached $500 million in total volume on Polygon.
Asset Management:
The supply cap for Index Coop’s BTC2x Flexible Leverage Index was reached.
Rewards for Vesper Finance’s multi-strategy USDC pool are now live. 50,000 VSP will be distributed proportionally amongst LPs.
PoolTogether launched a new prize pool with Reflexer Finance.
Derivatives:
Charm Finance launched an Alpha Vault for ETH/USDT on Uniswap v3.
UMA and Opium Network partnered to create a decentralized derivative for the SpaceX Smallsat Rideshare launch.
MCDEX announced a partnership with Indexed Finance.
Insurance/Security:
AutoShark Finance was exploited via a flash loan. The exploiter minted 100,000,000 SHARK tokens and removed all the liquidity in the LP pool. SHARK’s price dropped from $1.20 to $0.01.
Other:
Coinbase Custody added support for CTSI, AXS, BTU, FARM, and 1INCH.
The amount of USDT in circulation reached $60 billion while the amount of USDC reached $20 billion.
Decentralized infrastructure provider Bware Labs raised $1.2 million in a private investment round from investors, including The Spartan Group, Morningstar Ventures, and Moonrock Capital.
Augur is launching Turbo, a sports prediction market, on Polygon.
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)