Happy Monday friends! Start of another big week!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter!]
Market Update
Crypto (from @CryptoBubbles):
Gold: $1,912.10
Oil (WTI): $82.47
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention yield (and Sushi) appreciatoors… @RodeoFinance has some juicy yields via its Sushiswap vaults!
As background, @Rodeo_Finance is a leveraged yield project we’ve been helping spread the word about!
They are building on top of all the top Arbitrum defi protocols (like Pendle, TraderJoe, etc), to give discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
Check out their thread below to get more info on the aforementioned Sushi vaults!
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains down at least 20% on the monthly include Pulse Chain (#15) and zkSync Era (#17).
Protocols are also mixed today. Top 100 protocols down at least 30% on the monthly include Curve Finance (#7), Convex Finance (#10), Velodrome (#36), Abracadabra (#48), PulseX (#49), and Alpaca Finance (#70).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New/newish trading bot protocol called @teh_bag. Twitter bio states “Powered by A.I, #tehBag is seeding you into motion. Using $BAG tech, BagBot offers the most advanced raiding bot for every crypto community.”
-Something new called @atomicalsxyz. Twitter bio states “The Atomicals Protocol is the simplest, most powerful and secure way of creating digital objects on Bitcoin. #ARC20 #NFTs Welcome to Hyperbitcoinization.”
-New BSC protocol called @Lobster_swap. Twitter bio states “The Lobsterlicious Dual Chain DEX! "Swim with the Lobsters, Trade with the Best!" "Dive into the DeFi Ocean and Experience the Crustacean Craze!"“ h/t @ApeOClock:
-Something new called @BananaGunBot. Twitter bio states “The ETH bot that will make your life easier. For degens, by degens. We know what you need. We do not have a token.” h/t @IronMan_Dev:
-A new CDP protocol on Eth Mainnet called @YamatoProtocol has been added to @DefiLlama. Description states “Yamato Protocol is a crypto-asset overcollateralized stable coin issuance protocol. V1 allows the issuance of CJPY (“Convertible JPY”, a Japanese Yen equivalent coin) using ETH as collateral”.
Security Alerts
-@ZunamiProtocol was apparently exploited today:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($5M+ TVL, single-exposure, and no-IL only) 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)
-Next ETF decisions coming in early September:
-Uniswap dex share over 60% so far this year:
-Another interesting update re: PayPal:
-Watchlist alfa from @TheDeFinvestor:
-Interesting macro stat from @charliebilello:
-Interesting $ETH data from @TrueWaveBreak:
-$BALD deployer still getting lots of attention:
-Thoughts from @AltcoinPyscho:
-Interesting tweet from Coinbase CEO @brian_armstrong:
-Bullish sentiments c/o @jake_pahor:
-Excellent new thread of LSD stats/updates from @StableScarab:
-@LybraFinance getting lots of attention on the TL. Sample below c/o @CryptoWithNick:
-Another huge thread from @concodanomics for our biggest macro nerds:
-Interesting new @coinbureau video going over several famous examples of hyperinflation:
-New macro video from esoteric-Eurodollarist Jeff Snider:
-Parting wisdom from @safetyth1rd and @lemiscate:
Conclusion
Have a great Monday degens let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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Note
As previously mentioned, we are proud to have @chainedge_io as our new official sponsor!
ChainEDGE is the creation of our good friend @OnChainWizard, and is essentially an on-chain analytics + smart money tracker on steroids…
Visit the site now to visit their site now to get started!
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***Note On Material: The ‘Spotlight’ section and info on our Official Monthly Sponsor 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.