Bacon, Eggs, and DeFi #078

Recap of Monday July 26 and Tuesday July 27, 2021

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Welcome to Bacon, Eggs, and DeFi #078. Here's a recap of the past two days of DeFi news!

Lyra DAO raises $3.3m

DEXes:

  • Saber Labs, the team behind the Solana-based stable-asset DEX Saber, raised a $7.7 million seed round from investors, including Race Capital, Social Capital, and Jump Capital.

  • Clipper was added to Dune Analytic’s dex.trades table.

  • 1inch will distribute 10 million 1INCH to 1INCH stakers for gas refunds.

Lending:

  • Aave’s institutional DeFi lending platform, Arc, will be launching in the next few weeks.

  • Cream listed ibBTC on C.R.E.A.M ETH v1.

Asset Management:

  • Visor added a new actively managed LINK/ETH Uniswap v3 pair.

Derivatives:

  • Lyra raised $3.3 million in its seed round, from investors, including Framework Ventures, ParaFi Capital, and Apollo Capital.

  • dYdX added an LTC/USD Perpetual contract with up to 10x leverage.

Other:

  • DeBank released Rabby, a new browser extension, with features, including pre-transaction risk scanning, automatically switching of chains when connecting to protocols, and simplified transaction summaries.

  • Eco raised $60 million from investors, including Activant Capital, L Catterton, and Lightspeed Venture Partners.

  • Tally updated its governance wiki with four new supported protocols, including Cryptex, Gitcoin, Ampleforth, and Conjure.

  • Hedgehog Markets, a prediction market on Solana, raised $3.5 million from investors, including Reciprocal ventures, Alameda research, and Divergence Ventures.

  • Etherscan added a new feature, allowing users to see if an address has been used on multiple chains.

Reading List:

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

- Austin (@1A1zP1)

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