Happy Thursday friends!
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: $1,935.00
Oil (WTI): $79.00
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention degens: have you heard the good word about @SavvyDeFi?!?
Savvy is a new project on Arbitrum with a gigabrain setup where users can access 0% interest, auto-repaying credit lines without risk of liquidation, making CDP (Collateral Debt Position) assets immediately liquid and more capitally efficient. It also has that classic defi money lego energy with svTokens (synthetics of svBTC, svETH, and svUSD) that can be used in other defi applications…
They have already generated substantial liquidity depth across three synthetic pools on Trader Joe (svUSD-USDC, svETH-WETH, and svBTC-WBTC), as well as significant amounts of Protocol Owned Liquidity!
Their LBP is coming up on @FjordFoundry on August 8th-11th so make sure to follow them on Twitter and visit their site to learn more and check out the available yields!
Biggest TVL Movers + Else
Chains are very red today. Biggest gainers on the weekly among chains with at least $1M TVL are Base, Mantle, and Harmony.
Protocols are mixed today. Biggest gainers on the weekly among protocols with at least $1M TVL are Algorand algo-stable Algomint, Fantom lending protocol Geist Finance, and multichain dex LeetSwap (though its down 50% on the daily after the apparent exploit several days ago).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something called @Geode_Finance. Twitter bio states “Ethereum's first truly trustless liquid staking library, enabling users to create unique pool & token setups.”
-New project called @BlendProtocol. Twitter bio states “We bring grassroots DeFi innovation to Kujira and beyond! 🉐⚛️”.
-What appears to be a concentrated liquidity protocol on Base + PulseChain called @YumYum_Token. Twitter bio states “Concentrated Liquidity DEX #BuildOnBase #PulseChain with LP Farming”. h/t @DegenCamp:
-Something new on Base called @horizaio. Twitter bio states “Look beyond the horizon of #DeFi on #Base 🌅Unleash the new Liquidity Layer with our CLMM built on @buildonbase 🛡️Coming soon👀”. h/t @DegenCamp:
-Another new protocol on Base called @AkidoDex. Twitter bio states “The @buildonbase #base Native DEX. Custom-built liquidity infrastructure to support builders & generate real yield... Incubated By @veinfi”. h/t @DegenCamp:
-Something called @EmberLabs_. Twitter bio states “$EMBR Ember provides permissionless liquidity and token creation for a small upfront cost. 🔥”. h/t @DegenCamp:
-New dex on Mantle called @CleopatraDEX. Twitter bio states “The Native Liquidity Layer on Mantle… Cost-effective way for both new and existing projects to increase utility while deepening liquidity on Mantle”. h/t @DegenCamp:
-Something new on Polygon called @PulsarDefi. Twitter bio states “Pulsar uses the power of veMNTS to offer the best yield on Polygon zkEVM. Lock $PSX and receive double-digit APR + bonus yield for voting 🔥”. h/t @DegenCamp:
-Something called @LyveFinance. Twitter bio states “First native omni-chain ve(3,3) DEX @LineaBuild Enable #LSD asset farming on layer2 with @LayerZero_Labs”. h/t @DegenCamp:
-New perps dex on Kava called @KinetixFi. Twitter bio states “The first decentralized #Perps Exchange on @KAVA_CHAIN. Building a Kava-native #DeFi Hub with $KFI.” h/t @DegenCamp:
Security Alerts
-Security heads up from CZ:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Bank of Japan bond market interventions continuing to generate headlines:
-US bond market also generating headlines:
-$CRV situation still catalyzing lots of discussion, some samples below:
-Related (developing) story re: $CRV and Abracadabra, h/t @onchain_brewer:
-$ETH futures ETF’s update:
-@0xMantle seeing jump in TVL:
-Interesting $DOGE/$BTC chart from @CryptoKaleo:
-Litecoin halving took place yesterday:
-Excellent thread on @Rabby_io from @splinter0n for those considering MM alternatives:
-Good macro thread from @BobEUnlimited:
-Very good thread on @0xMantle from @c_storry:
-Good thread on @zkSync from @MTorygreen:
-New Q&A video on the current macro climate from @LukeGromen:
-New video from @TaikiMaeda on $CRV situation:
-New video from @BanklessHQ on the Vyper exploits and $CRV situation:
-Excellent new roundtable from @thebellcurvepod discussing the future of liquid-staking protocols:
-Great macro interview from @Blockworks_ with @jessefelder:
-Parting sentiments c/o @sassal0x:
Conclusion
Happy Thursday friends let’s get after it!!!
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.