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)