Welcome to Bacon, Eggs, and DeFi #056. Here's a recap of yesterday's DeFi news!
DEXes:
Kyber DMM will likely be expanding to Polygon, assuming KIP-9 passes. Additionally, 6% of the KNC Ecosystem Growth Fund (2.52 million KNC) will be allocated for liquidity mining rewards.
DODO launched Dojo, a portal for its educational content.
QuickSwap’s Discord server is now live.
Asset Management:
PoolTogether’s USDC prize pool became the first one to reach $100 million in deposits.
Harvest Finance added seven Uniswap v3 pools, including USDC/ETH, USDC/USDT, WBTC/ETH, ETH/USDT, DAI/USDC, DAI/ETH, and UNI/ETH.
Derivatives:
Opyn added two ETH call options - $2,500 and $3,200 - with July 30 expirations.
Mirror Protocol will add the ARK Innovation ETF (mARKK) as a synthetic asset following a successful governance vote.
Insurance/Security:
PantherSwap and Gnosis started bug bounty programs on Immunefi. The maximum bounties for discovering critical vulnerabilities are $20,000 and $54,000.
ImmuneFi released a postmortem on a web content injection vulnerability found on PancakeSwap.
Mushrooms Finance paused its flashloan settings after a critical vulnerability was found .
Other:
Data analytics service Flipside Crypto will support Layer 2 protocols starting with Polygon and Arbitrum.
Polygon will incentivize liquidity on Hop Protocol with $200,000 of MATIC to hUSDC.
More than 1% of Bitcoin is now on Ethereum via WBTC.
Revert Finance will add support for viewing Visor Finance’s LP positions.
Coinbase Pro added support for inbound transfers of GTC, MLN, and AMP.
Flare Network raised $11.3 million from investors, including Kenetic Capital, Coinfund, and Digital Currency Group.
BlockTower Capital acquired Gamma Point Capital for roughly $35 million.
Reading List:
Beyond Digital Collectibles: Five Promising Use Cases for NFTs
Dove Mountain Weekly #4: Treasury Diversification Deals As A Newcomer In The Crypto Funding Space
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)