Bacon, Eggs, and DeFi #060
Recap of Tuesday June 15, 2021
Welcome to Bacon, Eggs, and DeFi #060. Here's a recap of yesterday's DeFi news!
DEXes:
Curve added renBTC/wBTC pools on both Polygon and Fantom. Additionally, wBTC in the pool will be lent out to Aave for extra yield.
PancakeSwap’s updated its analytics site to display current figures.
Lido Finance will extend LDO rewards in Curve’s ETH/sETH with an additional 3,750,000 LDO over the next month.
Lending:
Derivatives:
dYdX raised $65 million in its Series C from investors, including Paradigm, HashKey, and Electric Capital. Multiple liquidity providers also participated in the round, including QCP Capital, CMS Holdings, and CMT Digital.
Opyn reached $400 million notional volume and surpassed 20,000 options trades.
Insurance/Security:
Aztec Network started a bug bounty program on Immunefi. The maximum bounty for discovering a critical vulnerability is $150,000.
InsurAce partnered with mStable, allowing users to insure their mAssets against smart contract exploits.
Other:
Bitwise raised $70 million in its Series B from investors, including Elad Gil, Avichal Garg (via Electric Capital), Henry Kravis, and Stanley Druckenmiller.
More than 500,000 ETH is now staked on the ETH2 Beacon Chain via Lido Finance.
Sygnum Bank launched custody and trading services for multiple DeFi tokens, including AAVE, ANT, CRV, MKR, SNX, UNI, and 1INCH.
Automata Network created a new tool called mev.tax, allowing users to see if they have previously been sandwich attacked.
iTrustCapital added support for SUSHI in its crypto IRA/401k retirement accounts.
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)