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:
Stay tuned for the next edition of Bacon, Eggs, and DeFi!
- Austin (@1A1zP1)