Bacon, Eggs, and DeFi #059
Recap of Monday June 14, 2021
Welcome to Bacon, Eggs, and DeFi #059. Here's a recap of yesterday's DeFi news!
0x API integrated Curve v2 as a liquidity source.
Saddle Finance launched an alETH Pool with WETH, alETH, and sETH.
Balancer will incentivize five pools with 2,500 BAL each in liquidity mining rewards. These pools include USDC/WETH 50/50, SNX/WETH 50/50, LINK/WETH 50/50, COMP/WETH 50/50, and REN/WETH 50/50.
24-hour volume for Uniswap v3’s 5bps USDC/ETH pool eclipsed that of its 30bps USDC/ETH pool.
Integral will be delaying the ITGR listing until late August.
Pendle announced it will be launching to mainnet on June 17.
Parallel Finance, a lending protocol on Polkadot and Kusama, raised $2 million from investors, including Pantera Capital, Polychain Capital, and Hypersphere Ventures.
Inverse Finance expanded to Binance Smart Chain.
Visor Finance reached $2 million TVL for its Uniswap v3 active LP management strategies.
PoolTogether shared a new site for tracking its treasury statistics.
Autofarm reached $1 billion TVL.
dYdX added a MATIC-USD Perpetual Markets, allowing users to trade MATIC with up to 10x leverage.
UMA announced the Range token, allowing DAOs to diversify by using tokens in their treasuries as collateral to borrow with no liquidation risk.
Zapper discovered a vulnerability in its old Polygon bridge smart contract, which would allow someone to exploit funds with unlimited approvals.
Cover Protocol minted 14,489 COVER for liquidity mining. As a result, COVER’s max supply was increased from 70,200 to 82,000.
Nexus Mutual added coverage for BarnBridge.
Cover Protocol completed its second buyback by purchasing 57.85 COVER.
Alpaca Finance started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $50,000.
Ledger integrated ParaSwap into its Ledger Live app.
Goldman Sachs announced it will expand its crypto offerings in the coming months by adding ETH options and futures.
Coinbase Pro will support inbound transfers for DOT.
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)