Bacon, Eggs, and DeFi #085

Recap of Wednesday, December 8, 2021

Welcome to Bacon, Eggs, and DeFi #085. Here's a recap of yesterday’s DeFi news!

DEXes:

• Woo Network launched on Avalanche.

• Sushiswap CTO Joseph Delong announced his resignation.

Lending:

• 88mph released a proposal for a redesign of its tokenomics.

Asset Management:

• dHEGDE released Horizons, which includes launching on Optimism and the introduction of DHT dynamic bonds.

Derivatives:

• Drift reached $200 million in total trading volume.

• Pods deployed on Arbitrum with a $3500 ETH/USDC put that expires on December 23rd.

• Opyn revealed the upcoming Squeeth launch dates.

• dYdX announced its second trading competition with 250,000 USDC in prizes.

Bridges:

• Allbridge added support for MIM transfers from Ethereum to Solana.

Other:

• Messari released Governor, a governance aggregator tracking proposals and allowing users to vote and/or delegate votes.

• Gitcoin Grants added support for RAI on zkSync.

Upcoming/New Projects:

• JunoSwap

• Notifi.xyz

• Toros Finance

📚Reading List:

• Onetickdao.eth and the Narrow Rangers

• Decentralized Governance Structures

Fundraising Rounds:

• JellyFi raised $4.4 million from Lemniscap, ParaFi Capital, and Tioga Capital.

• Chiron closed a $50 million fund to invest in DeFi and NFT gaming projects on Terra.

• Zeta Markets raised $8.5 million from Jump Capital, Race Capital, and Electric Capital.

• IndexCoop raised $2.25 million from Sequoia Capital India, Blockchain Ventures, and White Star Capital.

Key Tweets:

CMS Intern @cmsintern

Intern notes on todays Congressional Hearing on Crypto, mostly focused on: - Stablecoins 💵 - Web3 adoption 🌐 - US future positioning 🇺🇸 And way too much more @SBF_FTX <> @jerallaire <> @BrianBrooksUS <> @DenelleDixon <> Alesia Haas <> Charles Cascarilla

Gearbox Protocol @GearboxProtocol

And so it begins - DAO-First Launch 🤩 𝒜𝓁𝓈𝑜 𝓀𝓃𝑜𝓌𝓃 𝒶𝓈 𝓉𝒽𝑒 𝓃𝒾𝓃𝑒 𝒸𝒾𝓇𝒸𝓁𝑒𝓈 𝑜𝒻 𝒽𝑒𝓁𝓁 Initial core team won't retain control of any contract, the code will be open-source, & community will decide even the initial pools. Join the ceremony & become a DAOoor

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

- Austin (@1A1zP1)