Bacon, Eggs, and DeFi #080

Recap of Tuesday August 3 and Wednesday August 4, 2021

Welcome to Bacon, Eggs, and DeFi #080. Here's a recap of the past two days of DeFi news!

DEXes:

  • CRV rewards for Curve’s tricrypto2 pool are now live.

  • 0x API on Polygon reached $1 billion in trading volume.

  • Saddle launched an sUSD metapool (sUSD pooled with USDC/USDT/DAI pool).

  • KyberDMM reached $600 million in trading volume.

  • CowSwap unveiled a new UI.

  • Hashflow is now live in its Open Alpha.

Lending:

  • Sense, a protocol for decomposing yield-bearing assets into their principal and yield, raised $5.2 million from investors, including Variant, Dragonfly Capital, and Nascent.

  • Compound added MKR, AAVE, SUSHI, and YFI to its borrowing and lending markets.

  • Element added support for USDC.

  • Alchemix raised the alETH debt cap from 2000 to 3000 alETH.

Asset Management:

  • Indexed launched Nirn, a yield aggregator initially supporting Compound, Aave, Cream, and bZx.

  • Index Coop’s Metaverse Index (MVI) reached $10 million TVL.

  • Convex added support for staking Curve’s 3CrvCrypto2 LP tokens.

Derivatives:

  • Volmex added USDC as a form of collateral.

  • Siren launched five call options (MATIC, SUSHI, UNI, YFI, and WETH) and one put option (WETH) with expiration dates on August 27th.

  • Opyn launched two WBTC options ($35,000 put, $42,000 call) expiring on August 27th and three WETH options ($2,300 put, $2,700 call, $3,000 call) expiring on August 20th.

  • dYdX announced the dYdX Foundation, an independent organization working towards making dYdX’s development and decentralization.

Insurance/Security:

  • The Graph launched a bug bounty program on ImmuneFi with a maximum payout of $2,500,000 for finding a critical vulnerability.

  • Wault was exploited for 370 ETH ($888k).

Other:

  • Fei deployed $19 million of FEI to Cream, four of Sushiswap’s Kashi markets, and four Rari Capital Fuse pools.

  • Krystal, a multi-chain DeFi management platform, raised $6.6 million from investors, including Hashed, Crypto.com, and Signum Capital.

Upcoming Projects:

Reading List:

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

- Austin (@1A1zP1)