Bacon, Eggs, and DeFi #065

Recap of Monday, June 28, 2021

Welcome to Bacon, Eggs, and DeFi #065. Here's a recap of yesterday's DeFi news!

DEXes:

  • 1inch’s Limit Order Protocol reached $10 million in 24-hour volume.

  • Kyber’s Dynamic Market Maker (DMM) passed $100 million in trading volume.

Lending:

  • Compound announced Compound Treasury, a way for institutions and other businesses to access high yields (4%) on USDC in a secure and simplified manner.

  • Cream Finance added WOO to its Ethereum borrowing and lending markets.

  • Alpha Homora v2 introduced a basic farming mode, which automatically calculates the borrowing allocation to minimize losses from slippage.

Asset Management:

  • NFTX v2 launched with multiple new features, including target redemptions, vault token flash loans, and custom eligibility modules for vaults.

  • Popsicle Finance added four new Uniswap V3 pools to Sorbetto Fragola, including ETH/USDT 0.05%, ETH/USDC 0.05%, WBTC/ETH 0.05%, and WBTC/USDC 0.3%.

  • Pickle Finance launched on Polygon with eight weeks of liquidity incentives, including 12,500 MATIC per week and 0.1 PICKLE per block.

  • 50 million CRV are now locked in Convex Finance.

  • Rari Capital launched two new Fuse pools for Volmex Finance and OlympusDAO.

Derivatives:

  • Opyn will be launching partially collateralized options.

  • Volmex reached $1 million TVL.

Insurance/Security:

  • Rari Capital will enter into a one-year retainer agreement with Quantstamp following a successful governance vote.

  • Pancake Bunny launched a bug bounty program on ImmuneFi with a maximum payout of $500,000 for finding a critical vulnerability.

  • Elias Simos shared a new Dune Analytics dashboard for Nexus Mutual.

Other:

  • Tornado Cash will likely be launching on Polygon, assuming the community chooses to deploy the contracts.

  • DeFi Pulse added Fei Protocol to its dashboard.

Reading List:

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

- Austin (@1A1zP1)