Welcome to Bacon, Eggs, and DeFi #063. Here's a recap of the past two days of DeFi news!
DEXes:
Uniswap Labs hired Mary-Catherine Lader as its first Chief Operating Officer.
Gauntlet made its second round of changes to Balancer v2 fees.
Lending:
Yield raised $10 million from investors, including Paradigm, Framework Ventures, and CMS Holdings.
Inverse Finance added stETH as collateral.
Ruler Protocol paused deposits on vETH2 and ended liquidity mining rewards following SharedStake’s insider exploit.
Cream Finance announced its first listing committee, which will be responsible for voting on proposals, including asset listings, reserve factors, collateral factors, and collateral caps.
Asset Management:
BadgerDAO will be launching five new CRV LP vaults, including HBTC, bBTC, oBTC, pBTC, and Tricrypto.
Derivatives:
dYdX added a MKR/USD perpetuals market with up to 10x leverage.
Kwenta will be rebalancing its sDEFI index to add BOND and RUNE.
Pods Finance added two new options to its demo release on Polygon - a MATIC put (0.8 USDC strike price) and a SUSHI put (5.2 USDC strike price). Both options expire on June 28.
Strips Finance raised $2.5 million in its seed round from investors, including Crypto.com Capital, Mechanism Capital, and Finlink Capital.
Insurance/Security:
Clipper and Tranchess started bug bounty programs on Immunefi. The maximum bounties for discovering critical vulnerabilities are $100,000 and $50,000.
Eleven.Finance was exploited for $4.5 million.
Other:
Coinbase Pro added support for inbound transfers of BOND, LPT, and QNT.
More than 5% of ETH’s total supply is now locked in the ETH2 deposit contract.
Blockchain Capital raised $300 million for Fund V with select investors, including PayPal and Visa, participating in its strategic partnership program.
There are now more than 25 billion USDC in circulation.
DeFi Pulse added Premia Finance to its dashboard.
Blockchain.com added support for AAVE and YFI in its Interest Accounts.
Reading List:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)