The Daily Degen - December 18th, 2022

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

Happy Sunday fellow degens! No days off in crypto :)

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 $16762.49 (0.05% 1h) 2: Ethereum price is $1188.00 (0.01% 1h) 3: Tether price is $1.00 (-0.00% 1h) 4: USD Coin price is $1.00 (-0.01% 1h) 5: BNB price is $247.95 (0.16% 1h) 8: Dogecoin price is $0.08 (-0.23% 1h)

СryptoBubblesDaily @cryptobubbles24

The global #crypto market cap today is $0.85T, a 0.96% change in the last 24h. Total trading volume in the last 24h is at $30.7B. #BTC dominance is at 38.10% and #ETH - 16.95%. 18.12.2022 5:38:42 (UTC) #DeFi #NFT #BSC #Tether #AVAX #XRP #TRX #Solana

Gold: $1,793.00

Oil (WTI): $74.29

Stocks: N/A

Biggest Price Movers

(From @coingecko top 1000)

Spotlight

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korpi @korpi87

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app.nested.fiNestedNested is the first one-stop DeFi app to build, manage and monetize portfolios

Biggest TVL Movers

Chains are mostly green today. Some notables include BSC (#3) at -19.05% on the weekly, Arbitrum (#4) at +21.42% on the monthly, Cronos (#9) at -32.18% on the monthly, DeFiChain (#12) at -39.66% on the monthly, and Aptos (#32) at +30.65% on the monthly.

Protocols are mostly green today as well. Some notables include Pancakeswap (#8) at -30.69% on the weekly, Ankr (#47) at +104% on the weekly, Wombex Finance (#83) at -26.06% on the weekly, LUSD ChickenBonds at +45.47% on the monthly, and SwapFish (#95) at +75.40% on the weekly.

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 Stablecoins By Market Cap (from @CoinGecko):

Other Data Points

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Bitcoin Fear and Greed Index @BitcoinFear

Bitcoin Fear and Greed Index is 26 - Fear Current price: $16,799

Ethereum Fear And Greed Index

(from @EthereumFear):

Ethereum Fear and Greed Index @EthereumFear

Ethereum Fear and Greed Index is 34 - Fear Current price: $1,188 opensea.io/assets/0x7fa81… etherscan.io/token/0x7fa813…

Crypto Volatility Index

(from @CVIdaily)

CVI Daily @CVIdaily

The Crypto Volatility Index is at 75.18 📊 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… @official_CVI $CVOL $GOVI

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!)

-A new protocol called @moraswap_amm. Twitter bio states “The #1 AMM on Solana's Neon EVM…”

MoraSwap | Hiring @moraswap_amm

1) Attention Moras 📣 With news of the postponed launch of #NeonEVM on mainnet, Moraswap’s launch will also be delayed until further due notice! We thank everyone for their patience and appreciate everyone experimenting on our devnet! 🔥

-Something called @TokenikDEX apparently launching on ETH Mainnet in February (according to their Twitter banner image). Twitter bio states “World's First Reward Farming DEX with Built-in DeFi DApps. #leverage #trading #dex #swap Powered by $NIK & $RNIK. $RNIK Airdrop NOW LIVE”.

UniLend Finance @UniLend_Finance

Join us in welcoming @TokenikDEX in the UniLend ecosystem🎉 ⚡️We will empower Tokenik's #NIK token with flagship lending & borrowing functionality after the #UniLendV2 mainnet launch.

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, no-IL, and single-exposure filters) 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)

-Important notice re: Coinbase:

CertiK Alert @CertiKAlert

#CertiKSkynetAlert 🚨 Coinbase launches new tool to help its customers recover more than 4,000 unsupported ERC-20 tokens sent to its ledger. Read more below 👇 techcrunch.com/2022/12/15/coi…

techcrunch.comCoinbase launches asset recovery tool for unsupported Ethereum-based tokensThe new tool will help Coinbase’s customers recover more than 4,000 unsupported Ethereum-based tokens mistakenly sent to wallets.

-Lot of talk about wrapped $BTC on Twitter today:

Ren @renprotocol

1) Important notice ⚠️ As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them!

Ren @renprotocol

1) We recently posted an update regarding how Ren will move forward from Alameda: https://t.co/VFEYHbjZmz

scoopy @scupytrooples

I used to hold btc on Ethereum. I had been used to holding various kinds, including wbtc, renbtc, and tbtc, but after seeing Ren just say they're going to shut down leaving all remaining erc20 renbtc worthless soon, I won't hold any erc20 btc again.

Curve Finance @CurveFinance

New redeemable BTC is in the town - multiBTC by @MultichainOrg. Uses the same technology as it does for their popular cross-chain bridge. Minting takes 2 BTC confirmations

Marcel Secu @myhopefulfuture

And @MultichainOrg #multiBTC will be open source and decentralized from the start of course. An open, standard #crosschain #BTC at last

Zhaojun @zhaojun_sh

multiBTC is coming🚀🚀🚀 https://t.co/115zt1gyXp

-Macro doom update:

The Kobeissi Letter @KobeissiLetter

Economic Update: 1. U.S. households lost $7 trillion in net worth this year 2. 63% of Americans living paycheck to paycheck 3. Interest rates now higher than 2008 4. Household debt hits record $16 trillion 5. 150,000+ employees laid off in tech in 2022 This can’t end well.

-Almost 14 years since Satoshi first introduced Bitcoin:

Lyn Alden @LynAldenContact

There have been countless articles and books written about bitcoin, but I don't think anyone has managed to describe the concept better than Nakamoto himself did back in February 2009:

-SBF update:

Watcher.Guru @WatcherGuru

JUST IN: 🇺🇸 Sam Bankman-Fried seeks extradition to the US after spending 4 days in Bahamas jail, Reuters reports.

-@TheDeFinvestor on deploying capital:

The DeFi Investor🦇🔊 @TheDeFinvestor

Deploying more capital🫡 When it comes to $ETH, how much lower can it go? $900? $700? I'd rather start buying now than missing the train. I learned not to try timing the bottom. Bear markets create generational opportunities. Ensure that you take advantage of them.

-@perpprotocol embracing the RealYield narrative?

Perpetual Protocol (✨🔴_🔴✨) @perpprotocol

(1/8) 🎉 Fee sharing is here! We are excited to announce the launch of USDC fee sharing aka Lazy River 2.0 Lock your $PERP for real yield🔒💸

-Short but interesting thread from @awrigh01:

Aaron Wright @awrigh01

It's becoming increasingly clear that blockchain technology and generative AI will be two key trends that will shape the future of the Internet. These two tech trends will converge. And, without blockchains, we'll run the risk of entering into an "age of incoherence"

-Excellent thread on stablecoins + Binance from @macrocephalopod:

cephalopod_v7 (wirefraud (parody)) @macrocephalopod

Going to write a bit about non-tether stablecoins and Binance because I frequently see confusion and misunderstanding about this. It also provides a good lens for understanding why Binance paused USDC withdrawals this week and why you (probably) don’t need to worry about that.

-Good thread from @defi_mochi:

Defi_Mochi @defi_mochi

Many protocols have been building aggregators and vaults on top of $GLP due to the #realyield narrative but which protocol has actually been winning the $GLP Wars and attracting the most number of $GLP users? I crunched data with @DuneAnalytics to help you find out! 0/18

-@JasonYanowitz from The Empire Podcast interviewed @AviFelman and @jvb_xyz:

-@RaoulGMI released an hour-long year-end video of his thoughts on the crypto markets:

-Parting wisdom from @Tree_of_Alpha:

Tree of Alpha @Tree_of_Alpha

I know you want to think "prices never up again, it was all a scam", But I can guarantee you retail WILL come back next cycle and mint virtual dogs they have to take to the park to earn free ponzified Internet tokens. Watch how easily you forget when the candles turn green.

Conclusion

Have a great Sunday friends!

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

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