Happy Sunday degens! Let’s get after it!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack tweet-embedding function still appears to be broken, so we have screenshotted and hyperlinked them again :)
Market Updates
Crypto (from coingecko(dot)com and cryptobubbles(dot)net):
Gold: $1,990.60
Oil (WTI): $76.76
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
@TimeswapLabs is a defi protocol that offers a fixed-term money market with no liquidations or oracle dependencies, and describes itself as “Like Uniswap - but for lending and borrowing”. We’ve been helping raise awareness about what they’ve been up to, with their recent V2 release, multi-chain rollout, and more…
They recently released an integration with OG Polygon dex @QuickswapDEX, creating a lending market for their native token $QUICK, allowing their treasury and token holders to earn interest lending to the pool.
Soon they’ll be opening up this same functionality….
…ie, facilitating similar partnerships with all sorts of protocols…
…and thereby sowing the seeds for some giga-flywheelish defi lego’ing :)
Learn more in their thread below!
Biggest TVL Movers
Chains are mostly green today. Only top 50 chains red on all three timelines (daily, weekly, monthly) are Celo (#22) and KCC (#32).
Protocols are mostly green today as well. Only top 100 protocols red on all three timelines (daily, weekly, monthly) are Convex (#7), Balancer (#14), Synthetix (#24), Arrakis Finance (#43), Quickswap (#52), Loopring (#62), KlaySwap (#65), Algofi (#78), Flexa (#88), and StakeDAO (#99).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fees:
(from cryptofees(dot)info)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New protocol called @RyuFinance. Twitter bio states “Dex LaunchPad GameFi DAO Build on @SuiNetwork”. h/t @2lambro:
-Another new Sui protocol called @Turbos_finance. Twitter bio states “Non-custodial and Hyper-efficient DEX powered by @SuiNetwork 💧|Concentrated Liquidity Market Making (CLMM) AMM & Perpetual Trading”. h/t @2lambro:
-Another new Sui protocol called @FlowX_finance. Twitter bio states “AMM decentralized exchange on Sui network #SUI”. h/t @2lambro:
-New protocol called @smoovefinance. Twitter bio states “🐮 Yields so good, like you're milkin' it StakeFi Platform on SUI | A Decentralised Liquid Staking platform with integrated DeFi vaults”. h/t @2lambro:
-Note: Big thanks for @2lambro for flagging all of the above protocols! We couldn’t find any other new ones today so would have been empty otherwise! Here’s the thread the above protocols came from, make sure to give him a follow!
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Meme coin $PEPE continues to climb the charts and garner attention:
-Goldman Sachs outlook on Fed/rates/etc c/o @zerohedge:
-Interesting chart of $USDC volume on Arbitrum and Optimism, h/t @dunleavy89:
-Overall $USDC volume just hit a 2 year low apparently though:
-Market thoughts from @NorthRockLP:
-@0xTindorr on the ‘Sell in May and go away’ debate:
-Interesting story on the Kingdom of Bhutan mining Bitcoin:
-Excellent thread from @definapkin on three good Metamask alternatives:
-Very good thread on Consensus 2023 experiences/insights from @ramahluwalia:
-New livestream from @blockbytescom covering the latest news and stories in crypto:
-Excellent roundtable discussion from @thebellcurvepod also covering the latest news and stories in crypto (featuring @JasonYanowitz, @MikeIppolito_, @pythianism, and @im_manderson):
-New video from @Ceazor7 on Akash:
-New video from @Unchained_pod of live roundtable discussion at Consensus 2023:
-Parting wisdom from @thedefiedge:
Conclusion
Have a great Sunday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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Note
The good gents over at @NestedFi are our official sponsor for the month of April!
Nested is Social Trading protocol currently on Arbitrum, Avalanche, BSC, ETH Mainnet, Optimism, and Polygon.
It lets users create and actively trade portfolios, copy-trade other investors/traders, create easy DCA strategies, and more!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.