Bacon, Eggs, and DeFi #095

Recap of Monday, January 10, 2022

Welcome to Bacon, Eggs, and DeFi #095. Here's a recap of yesterday’s DeFi news!

DEXes:

• Uniswap released Seatbelt, a test suite for governance proposals.

Lending:

• Euler launched a SHIB market.

• Babylon created a Fuse pool with FEI, FRAX, ETH, BABL, and DAI.

• Tempus governance is now live.

Asset Management:

• Index Coop launched single sided staking for GMI. Staking rewards will be paid out in INDEX.

Bridges:

• Connext added support for Fuse Network.

• Zerion launched a multichain bridge powered by FundMovr.

Insurance/Security:

• Cozy added protection for Ribbon’s T-ETH-C vault.

Other:

• Spell added WBTC as a collateral type for MIM.

📚Reading List:

• ve(3,3) Ouroboros: Part 1 - Fee Distribution

• ve(3,3) Ouroboros: Part 2 - Fees explored

• ve(3,3): Curves, Initial distribution, Competition, & Building a protocol for protocols

• Introducing Plonky2

• A Token Model for Layer-2 Block Production

Key Tweets:

John Wang 🦀 @j0hnwang

We all know L2 tokens are coming and they will 🚀 But there’s been little info about what L2 tokenomics will look like, and wen token? I launched one of the first L2 tokens and reviewed every existing one: here’s what I think #L222 @StarkWareLtd @zksync @optimismPBC @arbitrum

Vesq (💚,💚) @VESQHQ

Thread: The Vesq Treasury has made several more strategic acquisitions to better align ourselves with our partners. Every VSQ is backed by at least 1 FRAX, to continue our deep partnership with the @fraxfinance Ecosystem.

➰ Spin ➰ @spin_fi

You still can join Spin’s Perps v2 testing 🤑 ⠀ Hi there! You still have a chance to join early testing and get a reward for your feedback 💰 ⠀ 👉 Jump in to our Discord server: discord.com/invite/e3jUf3d… and proceed to the “get-access-to-alpha” channel to be whitelisted➰

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

- Austin (@1A1zP1)