Bacon, Eggs, and DeFi #091

Recap of Monday January 3, 2022

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

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:

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

mgnr @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

pseudotheos (🌹, 📺) @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.

January 2nd 2022

16 Retweets107 Likes

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

- Austin (@1A1zP1)