Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #057
baconeggsandefi.substack.com

Bacon, Eggs, and DeFi #057

Recap of Wednesday June 9, 2021

Austin
Jun 10, 2021
Share this post
Bacon, Eggs, and DeFi #057
baconeggsandefi.substack.com

Welcome to Bacon, Eggs, and DeFi #057. Here's a recap of yesterday's DeFi news!

DEXes:

  • Curve Finance released v2, allowing users to swap between non-stable assets. Users can swap between USDT, wBTC, and ETH on Ethereum and DAI, USDC, USDT, wBTC, and WETH on Polygon at launch.

  • 1inch Network and Paraswap integrated Curve v2 as a liquidity source.

Lending:

  • Alpha Homora announced liquidity rewards for v1 and v2 on Ethereum and v1 on BSC. Over the next two weeks, 6 million ALPHA will be distributed to Ethereum LPs, and 320,000 ALPHA will be distributed to BSC LPs.

  • bZx’s Fulcrum and Torque launched on Polygon.

  • 88mph unveiled its revamped UI.

Asset Management:

  • BadgerDAO’s Bitcoin Bridge reached $200 million in volume since its launch.

Derivatives:

  • Ribbon Finance doubled its ETH Theta Vault capacity to 10,000 ETH.

  • Hedget released BNB options, allowing users to buy low, medium, or high-risk puts and calls that expire on June 11.

  • Divergence Protocol raised $2.9 million in its seed round from investors, including Mechanism Capital, KR1, and Focus Labs.

  • Ruler Protocol launched Options View, allowing users to view PUT options prices.

  • As part of its El Salvador release, Kwenta added candlesticks and classical pair charts to its UI.

Insurance/Security:

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

Other:

  • Solana Labs raised $314.15 million in a private token sale from investors, including a16z, Polychain Capital, and Alameda Research.

  • DeFi Pulse added Alchemix’s alUSD to its Crypodollars page.

  • Tornado Cash will launch on Binance Smart Chain.

  • AnySwap v3 launched liquidity rewards for USDC stakers on Polygon. 1,000 ANY per day will be distributed to LPs.

  • Ledger raised $380 million in its Series C from investors, including 10T Fund, Tekne Capital, and Uphold Ventures.

  • OlympusDAO and Frax Finance will be partnering to launch a dual-incentivized OHM/FRAX pool on Uniswap.

  • DeFi Pulse added Crypto Volatility Index (CVI) to its dashboard.

Reading List:

  • Exploring constant function market maker designs

  • MEV in eth2 - an early exploration

  • Alchemix In Depth

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

- Austin (@1A1zP1)

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