Bacon, Eggs, and DeFi #074

Recap of Monday July 19, 2021

Welcome to Bacon, Eggs, and DeFi #074. Here's a recap of yesterday’s DeFi news!

DEXes:

  • Integral reduced its fees on stablecoin pairs (USDC/USDT, DAI/USDC, and DAI/USDT) to 0.01%.

  • 1inch updated its mobile wallet with new features, including a browser with web3 support, a list of recently deleted wallets, and improved Flashbot transaction support.

  • DinoSwap reached $400 million TVL and launched a DINO extinction pool.

  • DODO will complete its first DODO buyback on July 22, following the passage of DIP-3.

Lending:

Asset Management:

  • Visor raised $3.5 million from investors, including 1confirmation, Digital Currency Group, and Blockchain Capital.

  • Llama submitted a proposal on Index Coop’s governance forum to launch the Llama Diversified Index (LDI), a diversified index with exposure to stablecoins, BTC, ETH, DeFi, Metaverse, and Web3 infra assets.

  • SPICE DAO added BAL to the SCIFI index.

  • Vesper launched a vaDAI pool, its first aggressive pool targeting higher yields through lower collateralization ratios, potential exposure to higher price swings, and potential interactions with newer protocols (with untested code).

Derivatives:

Other:

  • Grayscale will be launching a DeFi fund and index.

  • DeFi Pulse added QuickSwap to its dashboard.

  • L2Beat updated its website to include TVL denominated in ETH, individual token balances on a project’s page, and dark mode.

  • Lido launched its referral program, rewarding users 15 LDO for every ETH staked using their referral link.

  • Empty Set (formerly known as Empty Set Dollar) renamed its stablecoin to Digital Standard Unit (DSU) and its governance token to Empty Set Share (ESS).

Reading List:

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

- Austin (@1A1zP1)