Bacon, Eggs, and DeFi #056

Recap of Tuesday June 8, 2021

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

• Decentralized Finance: (DeFi) Policy-Maker Toolkit

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

- Austin (@1A1zP1)