Welcome to Bacon, Eggs, and DeFi #055. Here's a recap of yesterday's DeFi news!
DEXes:
Bancor whitelisted RARI and proposed a 250,000 BNT co-investment in the RARI/BNT pool.
Balancer v2 will allocate a total of 50,000 BAL per week to five pools including, BAL/WETH 80/20, WETH/DAI 60/40, WBTC/WETH 50/50, MKR/WETH 60/40, and GTC/WETH 80/20.
Lending:
Cream Finance’s Iron Bank reached $1 billion TVL.
An ImmuneFi whitehat discovered a critical vulnerability in 88mph’s CRV/renWBTC, CRV/stETH, and yaLINK pools.
Alchemix announced its partnership with Runtime Verification to continuously audit v2 throughout its development.
Asset Management:
Yearn Finance launched a LINK vault with three strategies: lending on Cream Finance and Aave, Yield Farming on Vesper Finance, and borrowing on Aave.
Derivatives:
Opeth Finance, a synthetic asset for no liquidation loans powered by Opyn options, launched to mainnet.
BarnBridge deposited 50,000 BOND into the BOND/BNT pool on Bancor.
Insurance/Security:
Zapper started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $25,000.
Lossless announced its partnership with Bounce Finance.
Other:
More than 5 million ETH is now staked in the ETH 2.0 deposit contract.
DeFi Pulse added support for tracking TVL on Polygon. The first protocol supported will be Aave.
The Graph expanded to Arbitrum and added indexing and querying support.
Upcoming Projects:
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)