Bacon, Eggs, and DeFi #061
Recap of Wednesday June 16, 2021
Welcome to Bacon, Eggs, and DeFi #061. Here's a recap of yesterday's DeFi news!
DEXes:
DODO will be launching on Solana.
Kyber Dynamic Market Maker (DMM) will be launching on Polygon on June 30. Kyber and Polygon will incentivize six pools with 2.52 million KNC and $500,000 worth of MATIC over two months.
Matcha added WaultSwap and PolyDex as liquidity sources on Polygon.
QuickSwap started liquidity mining rewards for pBNB, MEM, IOI, RAMP, rUSD, ERN, and BORING.
CRV rewards are now live for the tricrypto pool on Ethereum.
Polygon will match CRV rewards with MATIC (up to $6 million) for the next 16 weeks.
Lending:
Goldfinch raised $11 million from investors, including a16z crypto, Mercy Corps Ventures, and a_capital.
Asset Management:
Yearn Finance launched a new ETH yVault with four strategies, including depositing/lending to the Curve StETH pool, Curve sETH pool, Aave, and Alpha Homora.
PoolTogether launched a new GUSD prize pool with a $250,000 GUSD sponsorship contributing to the pool’s interest.
Enzyme Finance reached $100 million in AUM after Unslashed Finance deployed 4000 ETH from the Spartan Bucket to a new Enzyme vault.
Derivatives:
Volmex v1 launched on Ethereum with two initial tokens - the Ethereum Volatility Index (ETHV) and the Bitcoin Volatility Index (BTCV).
SynFutures raised $14 million in its Series A from investors, including Polychain Capital, Framework, and Pantera Capital.
DHT liquidity mining rewards for the dTOP/ETH pool on Sushiswap on Polygon are now live.
UMA announced it will be expanding to all EVM compatible chains starting with Polygon.
Pendle, a protocol for tokenizing and trading future yield, launched on Ethereum.
Insurance/Security:
Alchemix paused its alETH contract after a bug was discovered, causing alETH to become undercollateralized.
PERI Finance and Pendle started bug bounty programs on Immunefi. The maximum bounties for discovering critical vulnerabilities are $3,000 and $250,000.
Other:
Instadapp launched its governance token INST.
Gemini added trading and custody support for ALCX, ANKR, FTM, MIR, API3, and DDX.
BitDAO, a DAO focused on DeFi investments, raised $230 million from investors, including Peter Thiel, Founders Fund, and Pantera Capital.
USDC (unofficially) deployed on Arbitrum.
MetaMask updated its mobile apps, allowing users to buy ETH with Apple Pay and to swap all tokens (even custom ones) in wallet.
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)