Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #085
baconeggsandefi.substack.com

Bacon, Eggs, and DeFi #085

Recap of Wednesday, December 8, 2021

Austin
Dec 9, 2021
Share this post
Bacon, Eggs, and DeFi #085
baconeggsandefi.substack.com

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

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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

πŸ“šReading 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:

Twitter avatar for @cmsinternCMS Intern @cmsintern
Intern notes on todays Congressional Hearing on Crypto, mostly focused on: - Stablecoins πŸ’΅ - Web3 adoption 🌐 - US future positioning πŸ‡ΊπŸ‡Έ And way too much more @SBF_FTX <> @jerallaire <> @BrianBrooksUS <> @DenelleDixon <> Alesia Haas <> Charles Cascarilla
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December 8th 2021

670 Retweets2,047 Likes
Twitter avatar for @GearboxProtocolGearbox Protocol @GearboxProtocol
And so it begins - DAO-First Launch 🀩 π’œπ“π“ˆπ‘œ π“€π“ƒπ‘œπ“Œπ“ƒ π’Άπ“ˆ 𝓉𝒽𝑒 𝓃𝒾𝓃𝑒 π’Έπ’Ύπ“‡π’Έπ“π‘’π“ˆ π‘œπ’» 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
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December 8th 2021

38 Retweets186 Likes

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

- Austin (@1A1zP1)

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