Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #053
baconeggsandefi.substack.com

Bacon, Eggs, and DeFi #053

Recap of Thursday June 3, 2021

Austin
Jun 4, 2021
Share this post
Bacon, Eggs, and DeFi #053
baconeggsandefi.substack.com

Welcome to Bacon, Eggs, and DeFi #053. Here's a recap of yesterday's DeFi news!

Image

DEXes:

  • Integral increased trading fees for its stablecoin pairs (USDC/USDT, DAI/USDC, and DAI/USDT) from 2bps to 15bps.

  • Matcha released v2 with new features, including a fiat on-ramp with MoonPay, support for Polygon, and Matcha OTC.

  • Integral will be moving its token generation event to June 11.

Lending:

  • Rari Capital users can now borrow USDC using PcUSDC from PoolTogether as collateral.

Asset Management:

  • BadgerDAO is partnering with Polygon to increase BTC adoption on the network, starting with launching an ibBTC/WBTC Sushiswap pool on June 7.

Derivatives:

  • dYdX launched a UMA/USD Perpetuals Market with up to 10x leverage.

  • Ribbon Finance’s first governance proposal (RGP-1) passed, changing the feeRecipient address to the vault address. More than 360 addresses participated in the governance vote.

  • MCDEX v3 launched to Arbitrum developer mainnet.

  • dYdX shared a dashboard of some of its Layer 2 metrics.

Insurance/Security:

  • Sherlock raised $1.5 million in a pre-seed round from investors, including IDEO CoLab Ventures, A.Capital Ventures, and Scalar Capital.

Other:

  • Maven 11 Capital announced it raised €40 million for its second fund, which will focus on DeFi and Web3. The total target size of the fund will be €50 to €75 million.

  • RenVM integrated Avalanche as its third chain. The initial assets supported will be BTC, ZEC, BCH, and DOGE.

  • Impossible Finance raised $7 million from over 125 investors, including True Ventures, CMS Holdings, and Alameda Research.

  • Okcoin integrated Polygon, allowing users to withdraw select assets to Polygon.

Reading List:

  • BlockThreat - Week 21, 2021

  • PancakeSwap: Not Just Another Uniswap Fork

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

- Austin (@1A1zP1)

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