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:

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

- Austin (@1A1zP1)