Bacon, Eggs, and DeFi #071

Recap of Tuesday July 13, 2021

Welcome to Bacon, Eggs, and DeFi #071. Here's a recap of yesterday’s DeFi news!

DEXes:

  • Clipper, a DEX for retail traders, raised $21 million ($4 million in equity and $17 million for the initial liquidity pool) from investors, including Polychain, 0x Labs, DeFi Alliance, and Bollinger.

  • BancorDAO whitelisted Lido Finance’s wstETH.

  • Uniswap launched v3 on Optimism mainnet.

  • Kyber DMM reached $250 million in trading volume.

  • Liquidity providers in Saddle’s D4 pool can now stake their LP tokens in Frax Finance to earn TRIBE, FXS, LQTY, and ALCX.

Lending:

  • Element added crvSTETH as its third supported asset.

Asset Management:

  • INDEX holders can now vote to begin phase 1 of adding the Data Economy Index (DATA) to Index Coop. DATA will be composed of LINK, renFIL, GRT, BAT, LPT, OCEAN, NMR, OXT, and REPv2.

  • Set Protocol launched on Polygon.

Insurance/Security:

  • Belt Finance launched a bug bounty program on ImmuneFi with a maximum payout of $1,000,000 for finding a critical vulnerability.

  • ChainSwap released a compensation plan following its recent exploit.

Derivatives:

  • BarnBridge’s SMART Yield Aave markets are now live on Polygon.

Other:

  • Interoperability protocol Connext raised $12 million from investors, including 1kx, ConsenSys Mesh, and Scalar Capital.

  • Coinbase Wallet now allows users to connect to Polygon.

  • Superfluid, a money streaming protocol, raised $9 million in its seed round from Multicoin Capital, Semantic Ventures, and DeFiance Capital.

  • DeFi Pulse added Convex Finance to its dashboard.

  • Liquid staking protocol ClayStack raised a $5.2 million seed round from investors, including CoinFund, ParaFi, and Coinbase Ventures.

  • Gnosis Safe launched on Polygon and Binance Smart Chain.

  • Boardroom added support for Governor Alpha and Bravo projects, including Instadapp, Fei Protocol, and PoolTogether.

Reading List:

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

- Austin (@1A1zP1)