Happy Wednesday lads and ladettes!
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: $1,950.00
Oil (WTI): $81.92
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The gents at @steadefi are making waves anon!
As background, Steadefi is an extremely interesting new protocol on Arbitrum + Avalanche that we’ve been helping raise awareness about…
They provide a wide selection of yield strategies, automated risk and position management for stress-free leveraged yield farming, and also clear risk-off and risk-on tracks with transparent data on ROI…
In addition to their existing GMX vaults, they’ve been rolling out all sorts of cool updates as of late… building on @unsheth_xyz, @CamelotDEX, @Level_Finance, and more!
Check out all their vaults by clicking here, make sure to follow their Twitter account for more updates, and check out the excellent thread on their GLP yields by @arndxt_xo below!
Biggest TVL Movers + Else
Chains are mostly red today. Top 30 chains up at least 10% on the monthly include Solana (#10), Cardano (#13), MultiversX (#21), EOS (#24), and Aptos (#29).
Protocols are mixed today. Top 100 protocols up at least 30% on the monthly include stUSDT (#23), MatrixDock (#55), BendDAO (#69), EigenLayer (#77), Folks Finance (#89), Flexa (#91), and Spark (#100).
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 By 7 Day Stablecoin Inflow % (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!)
-Something new on @BuildOnBase called @CloudBase_Fin. Twitter bio states “Pioneer DEX, and All In One #DeFi on @BuildOnBase | Trade | Earn | Launch | NFT AMM Marketplace | NFTs |”.
-New trading bot project called @GenesisBot_TG. Twitter bio states “Instantly create, launch, and manage tokens. No rugs allowed. Powered by $GEN”.
-New zkSync dex called @grayswapxyz. Twitter bio states “DEX built on #zkSync Era∎ @zksync”.
-Something called @0xdegensbet. Twitter bio states “Are you degenerate enough? On-chain gamified DeFi casino, launching on @WINRProtocol in Q3.”
-Something called @DFClunc. Twitter bio states “DeFi.$DFC”.
Security Alerts
-@PeckShieldAlert released the following alert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, 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)
-The United States’ credit rating was downgraded from AAA to AA by Fitch:
-Sentiments on the above h/t @LukeGromen and @LynAldenContact:
-Interesting stat re: Coinbase from @dunleavy89:
-Another bullish Base stat, from @Flowslikeosmo:
-Total dex TVL now down 85% from 2021 highs, h/t @Dynamo_Patrick:
-IRS staking update generating discussion:
-A number of companies have filed for $ETH futures ETF’s in recent days, h/t @CoinDesk and @StackerSatoshi:
-Nigeria, Greece, and Argentina represent top-performing country-specific ETF’s of the year:
-@truflation update:
-Update on FTX reorg from @wassielawyer:
-Discussion re: China from @NickTimiraos:
-Interesting new interview with @jameslavish from @Blockworks_:
-New livestream from @leviathan_news discussing the Curve/Egorov stuff + else:
-Parting humor + sentiments from @alphak3y and @crypto_linn:
Conclusion
Happy Wednesday degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ section is the only part of The Daily Degen that is 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.