Bacon, Eggs, and DeFi #054

Recap from Friday June 4 to Sunday June 6, 2021

Welcome to Bacon, Eggs, and DeFi #054. Here's a recap of this weekend’s DeFi news!

DEXes:

• Uniswap v3 deployed to Arbitrum mainnet (currently in whitelist only mode).

• DODO launched to Polygon.

• Holaswap, a fork of Unsiwap v3, launched on Binance Smart Chain. Uniswap released v3 under the Business Source License 1.1, limiting the source code in a commercial or production setting for two years.

• 1inch Network added an OTC swap feature, allowing for zero slippage, front-running resistant trades.

Lending:

• UniLend Finance launched to Polygon.

• B.Protocol added support for Wallet Connect.

Asset Management:

• Yearn Finance announced its partners have earned $564,000 from its fee-sharing program.

Derivatives:

• Hedgey Finance, a multichain options protocol, launched its beta version.

• Synthetify, a synthetic assets protocol on Solana, announced some of its investors, including DeFi Alliance, CMS Holdings, and Alameda Research.

Insurance/Security:

• ApeSwap started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $100,000.

Other:

• Anyswap v3 launched to Binance Smart Chain, Fantom, and Polygon.

• DeepDAO raised a $3 million seed round from investors, including Hypersphere Ventures, DFG, and Moonwhale Ventures.

• Dune Analytics added a sitewide search function.

• Foundation Devices raised $2 million in its seed round from investors, including Bolt, Third Prime, and Massachusetts Avenue Capital.

Reading List:

• DeFi Deep Dive #7: Liquity Finance

• Treasury Building Blocks: Stablecoins

• Badgers In the Sett: A DAO Treasury Retrospective (Volume I)

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

- Austin (@1A1zP1)