Bacon, Eggs, and DeFi #069

Recap of Thursday July 8, 2021

Welcome to Bacon, Eggs, and DeFi #069. Here's a recap of yesterday’s DeFi news!

DEXes:

• Balancer launched stable pools on v2. The initial two pools are staBAL3-BTC (WBTC/renBTC/sBTC) and staBAL3-USD (DAI/USDC/USDT).

• Saddle passed $300 million in total trade volume.

• 0xMaki proposed selling up to $60 million SUSHI via a treasury diversification.

• Bancor whitelisted CRO.

Asset Management:

• BadgerDAO’s five new CRV LP vaults are now live with no cap restrictions.

• DinoSwap will be launching on Polygon on July 15th, with yield farming following on July 17th.

Derivatives:

• Since launching three weeks ago, Volmex has reached $1 million TVL and $300,000 in trading volume.

• Ribbon will be increasing vault caps by 25% and enforcing a $500,000 per address deposit cap after RGP 2.1 passed.

Insurance/Security:

• Nexus Mutual reached 5,000 covers sold.

Other:

• Lithium, a protocol for pricing illiquid assets, raised an additional $2.6 million.

• Bounce will soon be releasing Toolbox, its fourth component, which contains developer tools for decentralized auctions, UI kits, API access to Bounce NFTs, and open-source smart contracts.

• The Graph launched curation, Graph Explorer, and Subgraph Studio.

Reading List:

• Making Sense of Rollups, Part 2: Dispute Resolution on Arbitrum and Optimism

• The Tally Newsletter, Issue 39

• Stablecoin Triptych

• I’m Worried Nobody Will Care About Rollups

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

- Austin (@1A1zP1)