Happy Saturday friends! Weekends are for getting after it let’s go!
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: $1,942.60
Oil (WTI): $82.82
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
More updates from the gigabrains at leveraged strategies protocol @stellaxyz_!
This one regarding their new integration with @traderjoe_xyz on Arbitrum!
As background, the team at Stella is a bunch of OG defi folks who have been focused on the leveraged yield farming space since its inception, and the architecture they have created for Stella is quite sophisticated as a result, and currently producing some very high yields and also very high profit %’s…
We’re helping raise awareness about everything the team at Stella is up to, so make sure to follow them on Twitter, and check out their announcement re: Trader Joe and their Leveraged Liquidity Book below!
Biggest TVL Movers + Else
Chains are mostly red today. Top 50 chains up at least 20% on the monthly include Solana (#10), MultiversX (#20), Aptos (#28), Mantle (#34), and Starknet (#44).
Protocols are mixed today. Top 200 protocols up at least 100% on the monthly include stUSDT (#21), EigenLayer (#78), Folks Finance (#89), Spark (#100), Solv Protocol (#146), and Extra Finance (#196).
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 called @Lends_so. Twitter bio states “Peer-to-Peer Funding book: fixed rate and term loans built natively on @Arbitrum”.
-Something new called @nume_crypto. Twitter bio states “Gas-abstracted, scalable and secure web3 payments rollup with primitives tailored for commerce. Best of ZK and Optimistic Rollups. 0 fee variance - flat fees.”
-Something new called @Send_Finance_. Twitter bio states “Send Finance is a zkBridge for interchain token transfer. We want to apply the zero-knowledge bridge architecture to solve the chains' interoperability problem”.
-New project called @RapidSwap_zk. Twitter bio states “Not just another swap! Fast, reliable and liquidity are our goals. Leverage trading from aggregator uni-pool up to 50x.”
-Something new called @khalani_network. Twitter bio states “Liquidity Foundation for the Next 10,000 Blockchains.”
-Something new called @tribal_crypto. Twitter bio states “Tribal Finance - Borderless financing for the global economy”.
-A new lending protocol on Base called @MagnateFi has been added to @DefiLlama. Twitter bio states “Effortlessly lend, borrow and earn interest with your digital assets.”
-Previously-mentioned @zkera_fi has been added to @DefiLlama. Twitter bio states “We are live! Perp Dex on #zkSync Era”.
-Previously-mentioned @protocol_fx has been added to @DefiLlama. Twitter bio states “f(x) Protocol creates a new class of decentralized low vol asset paired with a new leveraged long ETH perpetual token.”
-Previously-mentioned @DackieSwap has been added to @DefiLlama. Twitter bio states “#1 Native and Most Trusted DEX on @BuildOnBase”.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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)
-Coinbase/SEC update:
-Some exploit funds from last week’s Curve/Alchemix/JPEG’d/etc exploits are starting to be returned:
-Upcoming unlocks info from @TheDeFinvestor:
-TA/observations c/o @Pentosh1:
-First instances of defi protocols launching their own Telegram trading bots are popping up, h/t @danblocmates:
-Mantle and Base both seeing surging TVL, h/t @Flowslikeosmo:
-Mortgage rates in US continue to climb:
-Perp dex stats c/o @Artemis_xyz:
-Interesting statement from Brian Armstrong on the Coinbase earnings call, h/t @AustinBarack for catching it:
-Good long-form tweet on security/opsec from @blknoiz (click to read rest of tweet):
-New weekly roundup from @BanklessHQ containing brief discussions of several dozen different top crypto stories:
-New action-packed livesstream from @leviathan_news featuring an interview with @FraxFinance founder @samkazemian on Frax’s V3 and push into RWA (T-bills), as well as general discussion of latest stories in defi from @CurveCap, @DAdvisoor, @traders_insight, and @0xMughal:
-New @saylor interview with @natbrunell containing large amount of $BTC discussion:
-Investing wisdom from @fejau_inc:
-Parting sentiments c/o @systems_value:
Conclusion
Happy Saturday 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.