Bacon, Eggs, and DeFi #101

Recap of Tuesday, January 25, 2022

Welcome to Bacon, Eggs, and DeFi #101. Here's a recap of yesterday’s DeFi news!

DEXes:

• ZigZag added SOL/USDC and FTM/USDC trading pairs.

Lending:

• Euler added an isolated UNI market.

• Sense Protocol is now live on the Goerli testnet.

Derivatives:

• Synthetix will distribute 50,000 SNX to WETH/SNX LPs on Optimism.

Insurance/Security:

• Risk Harbor Core V2 is now live with its first vault supporting protection on Terra Anchor aUST + UST depeg, Rari Fuse fFEI-3Crv-8, Element ePyvCurve-alUSD, or Yearn yvCurve-FRAX.

Other:

• Azuro and Pulse Markets agreed on a partnership.

Upcoming/New Projects:

• Pika Protocol

• Reservoir

📚Reading List:

• Constant Rate Issuance Sales Protocol

• Bottomless

• Dove Dispatch #36 (Alex Svanevik - Nansen)

• The “death valley” for DAOs - thrive or die.

• Introducing Web3 Investment Clubs

Job Opportunities:

• Contributor at Newt

Key Tweets:

zefram.eth (🏎,🐙,⭐️,🐰,🐮,🕹) @boredGenius

Introducing a new toy in the Playpen -- xERC20 It's a special case of an ERC20 staking pool where the rewarded token is the same as the staking token. This enables staking positions to be represented by an ERC20 token. Like xSUSHI, but better.

github.complaypen/xERC20.sol at main · ZeframLou/playpenPlaypen is a set of modern, gas optimized staking pool contracts. - playpen/xERC20.sol at main · ZeframLou/playpen

PaperImperium @ImperiumPaper

Today an entire core unit was laid off from @MakerDAO after an anon posted a proposal in December to do so. The vote was extremely close (1600 MKR margin) with high participation. Without commenting on the merits, this was a messy process that needs improvement

Sam Ragsdale @samrags_

People should be able to airdrop tokens to their community without asking them to doxx their financial history. We built this using native Ethereum zk-proofs with supporting examples and libraries. github.com/a16z/zkp-merkl… Details 👇

github.comGitHub - a16z/zkp-merkle-airdrop-contractsContribute to a16z/zkp-merkle-airdrop-contracts development by creating an account on GitHub.

khanhamzah.nft 💜 @khanhamzahnft

🧵 time 1/n Why @synthetix_io will always be the most special DeFi protocol for me personally and why it will be an absolute privilege to see this proposal thru...

khanhamzah.nft 💜 @khanhamzahnft

Our formal proposal to the @synthetix_io community for Polygon expansion and how we see it flourish. cc @kaiynne https://t.co/E8DWtwgtUJ https://t.co/Zh2uNec7UU

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

- Austin (@1A1zP1)