Bacon, Eggs, and DeFi #066

Recap of Tuesday June 29, 2021

Welcome to Bacon, Eggs, and DeFi #066. Here's a recap of yesterday's DeFi news!

DEXes:

  • Kyber Dynamic Market Maker (DMM) is now live on Polygon.

  • Paraswap integrated mStable as a liquidity source on Ethereum and Polygon.

  • 0x API now supports Balancer on Polygon as a liquidity source.

  • Matcha added ApeSwap, Firebird Finance, Wault Finance, and Lido Finance as liquidity sources.

  • CoinMarketCap users can now swap tokens on their pages through Uniswap.

Lending:

  • Cream Finance launched on Polygon with initial support for the following tokens: USDC, USDT, DAI, WMATIC, WETH, WBTC, LINK, SUSHI, CRV, and QUICK.

  • bZx users can now borrow BZRX on Polygon.

  • B.Protocol debuted a gas efficient COMP claim, which needs only 20% of the gas that was previously used.

  • Ruler Protocol added AMP as collateral.

Asset Management:

  • BadgerDAO plans on opening up full access to the five new CRV LP vaults this week.

  • Vesper launched UNI and USDT beta pools.

  • Rari Capital launched a Wootrade Fuse pool.

  • Visor Finance added a new actively managed CRV/ETH 1% Uniswap v3 pair.

  • DinoSwap announced that DFG and The Spartan Group are investors.

Derivatives:

  • Opyn launched partially collateralized options.

  • Siren added multiple new options for July and August, including $1.20 and $1.70 MATIC calls, $20 and $30 UNI calls, and $10 and $14 SUSHI calls.

  • dYdX added a FIL/USD perpetuals market with up to 10x leverage.

  • Tracer DAO raised $4.5 million from investors, including Framework Ventures, DACM, and Maven11.

  • Kwenta added support for candlesticks on single charts.

Insurance/Security:

  • Merlin Labs was exploited for $330,000 through a bug in the rewards system. This is the third time Merlin has been exploited, with a total loss of $1.56 million.

  • Wild Credit launched a bug bounty program on ImmuneFi with a maximum payout of $20,000 for finding a critical vulnerability.

Other:

  • Nansen raised a $12 million Series A from investors, including a16z, Skyfall Ventures, and Coinbase Ventures.

  • Tornado Cash is now live on Polygon.

  • Coinbase announced a new USDC savings product, allowing users to earn 4% APY.

  • Token Terminal added support for Curve.

  • TokenTax now has historical support for Polygon, Sushiswap on Polygon, and Quickswap.

Reading List:

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

- Austin (@1A1zP1)