Bacon, Eggs, and DeFi

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Bacon, Eggs, and DeFi #091
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Bacon, Eggs, and DeFi #091

Recap of Monday January 3, 2022

Austin
Jan 4
1
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Bacon, Eggs, and DeFi #091
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Happy New Year and welcome to Bacon, Eggs, and DeFi #091. Here's a recap of yesterday’s DeFi news!

Image

DEXes:

  • Curve deployed a SPELL/ETH pool.

  • ASTRO rewards are now live for the ASTRO-UST, bLUNA-LUNA, and LUNA-UST pools on Astroport.

Lending:

  • A new lending/borrowing market for Angle Protocol’s agEUR is now live on Euler.

Asset Management:

  • Index Coop’s DATA Economy Index now includes ENS.

  • Vesper Earn beta is now live on Polygon, allowing users to deposit DAI and earn WETH or WBTC.

Derivatives:

  • Tempus Finance will integrate Rari Capital’s USDC and DAI pools on January 17.

  • Lyra will begin a new round of liquidity mining on January 9 for its ETH, BTC, and LINK pools. 4 million LYRA will be distributed to LPs over 28 days.

Other:

  • The CFTC fined Polymarket for $1.4 million for unregistered swaps and ordered them to shut down three markets and offer users refunds.

  • AVAX is now a part of the Bitwise 10 Large Cap Crypto Index following its December rebalance.

  • Andre Cronje shared the tokenomics for his upcoming project on Fantom.

  • 5.25 billion SPELL was burned.

📚Reading List:

  • 69 Crypto Theses for 2022

  • A Succinct Story of Zero Knowledge

Fundraising Rounds:

  • Vesta Finance raised an undisclosed amount (6% of tokens) from angels, including Tetranode, DCFGod, and Fiskantes.

  • Algodex, an order book DEX on Algorand, raised $3.19 million from Borderless Capital, Black Ventures, and Elevate Community Ventures.

Key Tweets:

Twitter avatar for @RyanWatkins_Ryan Watkins @RyanWatkins_
Today is my last day @MessariCrypto. It’s been an unbelievable past two years and I couldn’t be more grateful to have worked with such an amazing group of people. Some reflections on being an analyst, accumulated wisdom since I joined, and what’s next. 1/

January 3rd 2022

163 Retweets1,543 Likes
Twitter avatar for @mgnr_iomgnr @mgnr_io
60 mins ama quant trading markets defi (farming, building, raising) mental models running the @satsdart acct etc

January 3rd 2022

47 Retweets600 Likes
Twitter avatar for @pseudotheospseudotheos (🌹, 📺) @pseudotheos
Over 1% of Ethereum blockspace is now used to settle rollups. L2s always settle on the most secure L1. 2022 will be a year of scalability and the onboarding of hundreds of thousands via rollup-exclusive dApps.
Image

January 2nd 2022

16 Retweets107 Likes

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

- Austin (@1A1zP1)

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