Bacon, Eggs, and DeFi #098

Recap of Tuesday, January 18, 2022

Welcome to Bacon, Eggs, and DeFi #098. Here's a recap of yesterday’s DeFi news!

DEXes:

• A UXD/USDC pool is now live on Saber.

• Victor Tran replaced Loi Luu as Kyber Network CEO.

Lending:

• Tempus integrated Rari’s USDC Vault.

Derivatives:

• dYdX reduced fees for both maker and takers for all volumes.

• Perpetual Protocol added an AVAX/USD market with up to 10x leverage.

• Zeta increased deposit caps from 200 to 1,000 USDC.

• UXD reached its initial cap limit of $1,000,000.

• Float Capital launched a 2x leverage QI market.

Bridges:

• Atlas DEX is now live, allowing users to swap tokens from Solana to Ethereum, BSC, or Polygon.

• Nomad and Connext will be adding support for Evmos.

Other:

• Nansen added support for Optimism.

• Tally released a new Create Proposal Page.

• OpenGSN now supports meta transactions on Optimism.

📚Reading List:

• zkSNARKs vs zkSTARKs: a primer

• Hyperstructures

• Dove Dispatch #35: Let The Capital Flow Into Blockchain Bridges

• Blockchains are cities

Key Tweets:

veDAO @_veDAO_

Announcing the launch of veDAO: A DAO formed to acquire one of @AndreCronjeTech's ve(3,3) NFT tokens. Not sure what that means? Read on.👇

January 18th 2022

147 Retweets624 Likes

Jason Choi @mrjasonchoi

How to size bets Some personal principles 👇

January 18th 2022

201 Retweets813 Likes

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

- Austin (@1A1zP1)