Bacon, Eggs, and DeFi #068

Recap of Tuesday July 6 and Wednesday July 7, 2021

Welcome to Bacon, Eggs, and DeFi #068. Here's a recap of the past two days’ DeFi news!

DEXes:

  • Integral will be decreasing fees on stablecoin pairs (USDC/USDT, DAI/USDC, and DAI/USDT) to 2bps.

  • Brave will be using 0x API for its upcoming DEX aggregator.

  • 1inch reached 500,000 total users.

  • Paraswap added Wault Finance and MDEX as liquidity sources.

  • Sushiswap integrated Archer’s MEV shield, an extension that prevents frontrunning and sandwich attacks.

  • DODO will be partnering with Nine Realms to bring its liquidity to THORswap.

  • 0x API added ShibaSwap as a liquidity source.

Asset Management:

  • Index Coop raised $7.75 million via a strategic treasury diversification from investors, including 1kx, Galaxy Digital, and 1confirmation.

  • Visor added an actively managed Uniswap v3 WBTC/ETH 0.3% pair.

  • Solrise Finance, a protocol for decentralized funds on Solana, raised $3.4 million from investors, including Alameda Research, CMS Holdings, and Delphi Digital.

  • MTA and MATIC rewards are now live for mStable mUSD deposits on Polygon.

Derivatives:

  • Kwenta’s sDEFI index has been rebalanced and is now available on its website.

Insurance/Security:

  • Clipper extended its bug bounty program on ImmuneFi to July 13.

Other:

  • Zerion raised an $8.2 million Series A from investors, including Mosaic Ventures, Placeholder, and Digital Currency Group.

  • DeFi Pulse added Ruler Protocol and O3 Swap to its dashboard.

  • Token Terminal added support for price to earnings (P/E) ratios.

Reading List:

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

- Austin (@1A1zP1)