Happy Wednesday friends! Lots of stuff going on!
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: $1,928.80
Oil (WTI): $83.12
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention degens: The @SavvyDeFi LBP is now live!
As brief description… Savvy is a new protocol on Arbitrum that allows users to 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 incorporates svTokens (synthetics of svBTC, svETH, and svUSD) that can be used in other defi applications…
We have been helping spread the word about everything the guys at Savvy have been building, so make sure to follow them on Twitter for continued updates, learn more about their LBP via the tweet below, and also check out the summary of their AMA with Arbitrum from our friends at @ReveloIntel (also linked below)!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains up at least 10% on the monthly include Solana (#9), MultiversX (#20), EOS (#23), Aptos (#28), Hedera (#38), Astar (#42), Starknet (#45), Parallel (#46), and Acala (#48).
Protocols are mixed today. Top 100 protocols up at least 20% on the monthly include stUSDT (#21), Synthetix (#22), Spark (#30), Stader (#53), MatrixDock (#58), WEMIX.FI (#66), and Folks Finance (#88).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama- note: this one has a TVL filter so only includes protocols with at least $1M TVL):
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 project on Base called @kravtrade. Twitter bio states “Decentralized Quanto Exchange on Base Trade BTC using any altcoin as collateral - $KRAV”. h/t @AresLabs_xyz:
-New L2(?) called @modenetwork. Twitter bio states “The L2 designed for hyper-growth.” h/t @AresLabs_xyz:
-Something new called @silverkoix. Twitter bio states “Decentralized NFT perpetuals exchange. Long & short gaming, midcap and bluechip NFTs w/ leverage. Sign up for beta…” h/t @DegenCamp:
-New OHM fork on Base called @BaseBankCoin. Twitter bio states “BaseBank on BASE. OHM Revival x Corporate Autism”. h/t @DegenCamp:
-Something new called @ByrnOfficial. Twitter bio states “Decentralised multi-chain liquid staking protocol on Ethereum, BSC and more. Stake, play and EARN!” h/t @DegenCamp:
-New GambleFi project called @GamblX_com. Twitter bio states “The world first positive RTP (Return-To-Player) decentralized casino! Our system eliminates the house edge. Play provably-fair fun games. Not available in USA”. h/t @DegenCamp:
-Something new called @AtapExchange. Twitter bio states “Amethyst Tokenized Asset Platform is an STO exchange, providing a secure and regulated marketplace for tokenized assets.” h/t @DegenCamp:
-New ve(3,3) dex on Base called @baso_finance. Twitter bio states “First fully community-owned and decentralized ve(3,3) dex on @BuildOnBase”. h/t @ApeOClock:
-New dex on Base called @ThroneDEX. Twitter bio states “🏰 A Majestic Native DEX Reigning over the @BuildOnBase Ecosystem. Fortified by the Community, Empowered by V3 Protocol.” h/t @ApeOClock:
-Another new protocol on Base called @BreezyFinance. Twitter bio states “Breezy Pioneering DeFi on #BASE - Fully Decentralized, Empowering Simplicity, Maximizing Gains!”
-Previously-mentioned @SableFinance has been added to @DefiLlama (BSC). Again, Twitter bio states “#1 reformative primitive to ETH LSD-backed stablecoin on @Arbitrum & @BNBChain | Borrow $USDS at 0 interest”.
-Previously-mentioned @goneuronxyz has been added to @DefiLlama (multi-chain). Again, Twitter bio states “Official neuron 🧠 Twitter. neuron🧠 a ⚡fast privacy focused cross-chain bridge for transferring assets quickly and privately between L1 and L2 chains 🔗”.
-Something new on Arbitrum called @AntiHeroFinance has been added to @DefiLlama. Twitter bio states “🦹A pioneering non-custodial lending protocol on #Arbitrum ⚖️AntiHero empowers users to borrow and lend assets. #Compound”.
-Something new called @PhoenixErgo has been added to @DefiLlama (Ergo). Twitter bio states “Decentralized degen finance for Ergo blockchain.”
-New dex on Base called @AlienBaseDEX has been added to @DefiLlama. Twitter bio states “Trade confidently... A DEX on the base chain. Farm and stake tokens. 🚀”.
Security Alerts
-@PeckShieldAlert has reported that @pekoprotocol on Linea has rugged:
-@steadefi released an update on the exploit they suffered Monday. Again, these are the gents we’ve been helping with education/awareness via the Spotlight section, so we will be following the situation closely and including any/all updates over the coming days:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ 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)
-ETF speculation, h/t @EricBalchunas:
-Related story re: the Fed announcing a crypto oversight program yesterday, h/t @zerohedge and @ubenjammin2:
-OG Fantom protocol @Spirit_Swap appears to be winding down operations, h/t @ftm_ecologist:
-Similar story re: Saddle Finance:
-Some Aave X MakerDAO news, h/t @hexonaut:
-Interesting story from @CoinDesk:
-GambleFi tokens pumped today amidst much bullish sentiments, sample from @crypto_condom below:
-Something called $TOSHI on Base seems to be generating lots of attention on the TL, h/t @FarmerBrownDeFi and @0x_Imperius:
-Thoughts on the PayPal stablecoin from @krugermacro:
-Interesting macro article from @LynAldenContact:
-Strategic thoughts from @blknoiz06 and @lou_markets:
-New video from @TaikiMaeda2:
-Good new macro livestream from @RealVision with @TGMacro:
-Parting wisdom from @0xbilly:
Conclusion
Happy Wednesday degens and 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.