The Daily Degen - December 11th, 2022

All of today's news/data/alerts...

Happy Sunday friends! Lots of interesting stuff going on :)

Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!

Market Update

Crypto:

Top Cryptocoins Ticker @TickerTop

1: Bitcoin price is $17172.97 (-0.08% 1h) 2: Ethereum price is $1274.67 (-0.11% 1h) 3: Tether price is $1.00 (0.00% 1h) 4: BNB price is $290.04 (-0.11% 1h) 5: USD Coin price is $1.00 (-0.01% 1h) 8: Dogecoin price is $0.10 (-0.07% 1h)

СryptoBubblesDaily @cryptobubbles24

The global #crypto market cap today is $0.90T, a 0.75% change in the last 24h. Total trading volume in the last 24h is at $29.5B. #BTC dominance is at 36.97% and #ETH - 17.20%. 11.12.2022 6:32:29 (UTC) #DeFi #NFT #BSC #Tether #AVAX #XRP #TRX #Solana

Gold: $1,797.90

Oil (WTI): $71.02

Stocks: N/A

Biggest Price Movers

(From @coingecko top 1000)

Spotlight

Our official sponsor for the month of December is @NestedFi- a new Social Trading protocol- which lets users create portfolios (and copy-trade other portfolios) on all the main EVM chains.

@NestedFi will be doing an airdrop for early users, so consider trying it out and creating a portfolio yourself and copying some other portfolios you like!

You can also use it for easy dca’ing as well as non-kyc fiat onboarding via their integration with Mt Pelerin!

Nested 🧩 @NestedFi

How to DCA in less than 1 minute, whatever the number of coins owned in your portfolio through Nested?

Biggest TVL Movers

Chains are very green on the daily. Biggest gainers on the monthly among top 30 chains are Arbitrum (#4) at +19.07% and EOS (#23) at +18.47%. Biggest losers are Solana (#10) at -43.17% and Cronos (#9) at -42.64%.

Protocols are very green today as well. Biggest gainers on the monthly among top 50 protocols are Morpho (#40) at +67.41% and Convex (#7) at +42.68%. Biggest losers are Arrakis Finance (#19) at -43.84% and VVS Finance (#36) at -47.61%.

Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama - note: there’s no TVL filter available on this one):

Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - minimum $1M TVL):

Here’s The Top 12 Stablecoins By Market Cap (from @coingecko:

Other Data Points

Bitcoin Fear And Greed Index

(from @BitcoinFear):

Bitcoin Fear and Greed Index @BitcoinFear

Bitcoin Fear and Greed Index is 26 — Fear Current price: $17,127

Ethereum Fear And Greed Index

(from @EthereumFear):

Ethereum Fear and Greed Index @EthereumFear

Ethereum Fear and Greed Index is 39. Neutral Current price: $1,270 opensea.io/assets/0x7fa81… etherscan.io/token/0x7fa813…

Crypto Volatility Index

(note: this is a cool new data measurement we are going to start including, make sure to follow them at @CVIdaily, and their main account at @official_CVI!)

CVI Daily @CVIdaily

The Crypto Volatility Index is at 72.46621888215606 📊 The CVI ranges between 0-200 0-85 ≈ Low volatility 85-105 ≈ Medium volatility 105-200 ≈ High volatility Trade #volatility (CVOL): Platform 👉🏻 cvi.finance Sushiswap 👉🏻 sushi.com/swap?token0=0x…

New Protocols

(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)

-New protocol called @sphinxdex. Twitter bio states “Natively cross-chain orderbook DEX, built fully on-chain on StarkNet.”

Sphinx (prev. Stark X) @sphinxdex

We've been hard at work building Sphinx (prev. Stark X), a natively cross-chain order book DEX on StarkNet. Using just their Metamask, an Ethereum user can now remotely trade on StarkNet without ever leaving their native ecosystem. Here's how it works👇

-New staking protocol on Waves called @cryptopepeteam has been added to @DefiLlama. Description reads “sWAVES is tokenized version of native staking of WAVES token in blockchain Waves. The sWAVES logic is designed in smart contracts and implemented in the Waves blockchain. Users are able to hold sWAVES tokens in their wallets, transfer to other accounts, trade it on DEXes and AMMs, provide liquidity to swapping or lending protocols to gain additional income…”

Pepe Team @cryptopepeteam

🤫 Secret spoiler WAVES Staking by PepeTeam will become available soon. But now you can try it on testnet using Waves dApp: waves-dapp.com/3N4kXZHGke6yRq… Here is the first block testnet.w8.io/b/2331149 🤩 Buy crypto using t.me/PepeTeamBot Huge release is on the way😜

-Something new/newish on BSC called @KyotoSwap has been added to @DefiLlama. Twitter bio states “Kyoto Swap is the Decentralised Exchange for people who want to help make positive change.”

Kyoto Swap @KyotoSwap

The launch of #KyotoSwap will feature integration of @CryptoRubic 'one-click' #CrossChain Service directly within the DEX. The #KyotoSwap DEX & Native token $KSWAP will go live tonight at 7pm UTC only on kyotoswap.io discord.gg/mxfPPcfA4Q

Security Alerts

-@LodestarFinance suffered an exploit today:

CertiK Alert @CertiKAlert

#CertiKSkynetAlert 🚨 Lending platform @LodestarFinance was attacked resulting in a ~$6.5m profit for the exploiter. The team has set interest rates to 0 so that supply and borrow balances will not move. You can see their announcement below 👇

Lodestar Finance (💙,🧡) @LodestarFinance

Protocol was exploited and deposits have been drained. We have set all interest rates to 0 so that supply and borrow balances are not moving while we weigh recovery options. What we know right now:

-Another @CertiKAlert announcement:

CertiK Alert @CertiKAlert

#CertiKSkynetAlert 🚨 We are seeing a #flashloan attack on project @TRQ6688 which was exploited and resulted in ~$75,483 loss. Contract: bsc:0xaa0c7ccb56ec1d6510bcd9d223a57362d5b63d59b16f074343749e3337f42a35 Read more 👇

TRQ @TRQ6688

Thank you community for great support . Please be patient,Due to some special reasons, the transaction has been suspended. The official is processing it. Please wait patiently for further official announcements.

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $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)

-Interesting story from the US:

Watcher.Guru @WatcherGuru

Walmart CEO says store locations will close and prices will rise if shoplifting doesn’t slow down.

-Amidst ongoing turbulence and controversy Grayscale apparently launched a new defi-oriented asset including a basket of tokens:

The Defiant @DefiantNews

The @Grayscale DeFi Fund has started trading on public markets 🦄 💸 $DEFG tracks a basket of the largest DeFi protocols, with $UNI making up 69% of the fund. Other tokens in the basket are $AAVE, $MKR, $CRV, & $COMP

-Interesting tweet from @0xBobdbldr:

bobdbldr @0xBobdbldr

Possible integration between @GainsNetwork_io and @dopex_io that might lead to help in the growth of $gDAI vault and facilitate deepening liquidity for longer periods. need to be reviewed by the teacher @tztokchad

-Thread on @Buffer_Finance from @Cryptoalpharian:

CryptoAlpha⚡(💙,🧡) @Cryptoalpharian

Finding good projects in the bear market can be difficult but more often than not a good number of projects stand out against the odds. One project that's building in this bear market and making waves is Buffer Finance; a decentralized option trading platform. A thread 🧵 1

-Interesting chart re: Arbitrum:

Nansen 🧭 @nansen_ai

Top 20 gas consumer* entities on Arbitrum #GMX dominates at 90% 🔥

-Tweet about US real estate from well-known self-storage facility syndicator:

Nick Huber @sweatystartup

There is a MAJOR correction in real estate asset values happening right now. Very tough decisions being made. Wars going on between banks and owners. It'll be a train wreck in slow motion playing out over the next 18 months if the QE doesn't come by mid 2023.

-Interesting macro chart:

Charlie Bilello @charliebilello

Bears have outnumbered Bulls in the AAII sentiment poll for 37 consecutive weeks (since April 7). With data going back to 1987, that's the longest streak of negativity that we've ever seen. $SPX Charting via @ycharts

-Interesting tweet from @cburniske:

Chris Burniske @cburniske

For those that hate on how crypto VCs fund the space, the opportunity to take action is now yours — many quality tokens trading at 50%+ discounts to latest VC rounds.

-@BanklessHQ released their week in review view touching on several dozen different crypto stories:

-Interesting/humorous video on charting from CT veteran @Cheguevoblin:

-@leadlagreport did a livestream interview with @LynAldenContact:

-Parting wisdom from @MikeIppolito_:

Mippo 🟪 @MikeIppolito_

Every OG in crypto built their reputation during a bear market. It’s easy to be there for the good times. The tough times matter way more. They are the times that will define your career, for better or worse.

Conclusion

Have a great Sunday degens! Big week ahead of us!

And please RT/follow/etc if you found this helpful! :)

-

Note

If you trade using GMX we’d be honored if you use our referral link to help support The Daily Degen! It will also provide you 10% off your trading fees :)

https://gmx.io/?ref=thedailydegen