The Daily Degen - December 19th, 2022

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

Happy Monday fellow degens! Hoping we have a green Christmas week, as it were :)

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 $16764.59 (0.02% 1h) 2: Ethereum price is $1185.39 (0.12% 1h) 3: Tether price is $1.00 (0.00% 1h) 4: USD Coin price is $1.00 (0.01% 1h) 5: BNB price is $247.62 (0.05% 1h) 8: Dogecoin price is $0.08 (0.16% 1h)

СryptoBubblesDaily @cryptobubbles24

The global #crypto market cap today is $0.84T, a -0.58% change in the last 24h. Total trading volume in the last 24h is at $26.1B. #BTC dominance is at 38.26% and #ETH - 16.93%. 19.12.2022 6:54:04 (UTC) #DeFi #NFT #BSC #Tether #AVAX #XRP #TRX #Solana

Gold: $1,793.00

Oil (WTI): $74.68

Stocks: N/A

Biggest Price Movers

(From @coingecko top 1000)

Spotlight

@NestedFi is our official sponsor for the month of December... They are a new Social Trading protocol which lets users create portfolios and copy-trade other portfolios on ETH Mainnet, Arbitrum, Polygon, Avalanche, Optimism, and BSC…

Nested allows for non-KYC fiat-onboarding through their integration with Mt Pelerin, as well as easy automatic dca’ing.

They are having an airdrop for early users, so make sure to check them out and consider creating some portfolios + copying some other traders’ portfolios!

Here’s a thread on them from @alpha_pls:

Aylo @alpha_pls

How to onboard your mum into DeFi in 6 minutes 🧵

Biggest TVL Movers

Chains are mixed today. Tron is still holding steady in the #2 spot over BSC. Currently there are 4 chains with at least $1B in TVL and 20 chains with at least $100M in TVL.

Protocols are mostly red today. Biggest losers on the weekly among top 100 chains are Pancakeswap (#8) at -24.53%, Wombat Exchange (#55) at -21.86%, and Wombex Finance (#82) at -22.82%.

Here’s The Top 12 Chains By TVL (from @DefiLlama):

Here’s The Top 12 Protocols By TVL (from @DefiLlama):

Other Data Points

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Bitcoin Fear and Greed Index @BitcoinFear

Bitcoin Fear and Greed Index is 29 ~ Fear Current price: $16,760

Ethereum Fear And Greed Index

(from @EthereumFear):

Ethereum Fear and Greed Index @EthereumFear

Ethereum Fear and Greed Index is 35 ~ Fear Current price: $1,185 opensea.io/assets/0x7fa81… etherscan.io/token/0x7fa813…

Crypto Volatility Index

(from @CVIdaily)

CVI Daily @CVIdaily

The Crypto Volatility Index is at 74.82 📊 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!)

-Newish StarkNet amm @mySwapxyz has been added to @DefiLlama. Twitter bio states “mySwap - an AMM on top of #StarkNet (Ethereum L2)”.

mySwap - StarkNet AMM @mySwapxyz

🎉What? 148 APY%? The recent TVL ATH of $1,000,000 has generated a very high #yield. The volume traded on the $ETH/ $USDC pool reached 148% #APY (0.41% on 30/11). This yield will vary a lot but as usual, being early is an advantage. Try my swap today! myswap.xyz

-New protocol called @HoudiniSwap. Twitter bio states “Sharing insights about the importance of privacy in crypto. Privacy is security. Houdini Swap uses Monero to anonymize transactions. Try it!”. h/t @monosarin:

mono (🍄,🍄) @monosarin

One of the reasons why crypto was invented is, to preserve one's privacy. However, it is one of the most invaded human rights, specially nowadays. @HoudiniSwap team gets the situation right. Let's dive into how they protect an investor's privacy 👇

-New protocol on Arbitrum called @GmsProtocol. Twitter bio states “Yield Aggregator/ USDC, ETH, BTC vaults built on top of GLP & GMX.”

GMS Protocol @GmsProtocol

GMS: Yield Aggregator and Smart Vaults ✅Pseudo-delta neutral single stake vaults built on top of $GLP / $GMX ✅Real Yield and revenue sharing through utility and governance token $GMS Read more and get early whitelist access at:

app.gmsprotocol.ioYield Aggregator and Smart Vaults | GMSYield Aggregator and Smart Vaults | GMS

-New protocol called @ArayaFinance. Twitter bio states “One-stop Defi Protocol on Sui”.

Araya Finance @ArayaFinance

We are releasing the FIRST Stableswap on Sui Network this time. And at time same time, we are pleased to announce that Alpha Test Wave 2 is now open. Read the thread to know what is Araya Stableswap.

-New protocol called @GoledoFinance. Twitter bio states “1st Innovative Lending Protocol on Conflux eSpace”.

Goledo Finance @GoledoFinance

🎉We are live on Mainnet!🎉 📰We have an article on Medium for more details. 🔎Check it out. link.medium.com/GIYUZiClSvb

link.medium.comGoledo is Live on Conflux MainnetGoledo is proud to announce that it is now live on Conflux Network’s mainnet. 😁

-Something called @OfficialPearDAO. Twitter bio states “Pear is a non-custodial marketplace governed by DAO.” Normally we don’t list GameFi protocols but seems unclear whether it is a purely GameFi protocol or a gamified defi protocol.

Pear @OfficialPearDAO

🧐Do you enjoy with your garden? We're almost at the end of the beta version fo our #GameFi - Pear Garden! And mainnet will launch in Q1 2023 🔥 ⏰Beta test ends on Dec 21, 2022 Join our discord to get the latest updates👇 discord.gg/SvKgEFvBnF #P2E #GameFi

-Upcoming BSC dex called @Vertek_Dex.

Vertek Dex @Vertek_Dex

🌐VERTEK🌐 Coming soon to #BSC ✅50% dex fees revenue share ✅Perpetuals & short/long ✅In-house #NFTs Marketplace ✅Multi-token & Multi-reward pools ✅Vote to direct APRs ✅Up to 2.5x boost from staking #Crypto #cryptocurrency #DEX #BSCGems #Decentralization

-Something called @Olympiapad_TT. Twitter bio states “First Decentralized Launchpad on #ThunderCore… First IDO in Q4 2022. Stay tuned $TT”.

Olympia Launchpad on ThunderCore @Olympiapad_TT

🏦 Olympia Pad Starter Guide 🏦 “What is a Launchpad?” “How do I participate in an IDO?” (1/N) Read on 🧵

-New protocol called @OfframpXYZ. Twitter bio states “…is a fully decentralized off-ramp protocol that is true to the original principles of crypto: peer-to-peer, trustless, and automated.”

Offramp.xyz @OfframpXYZ

Apart from empowering DEX traders, @OfframpXYZ will solve an important problem for DAOs and DAO contributors: swapping crypto and token-based bounties for a fiat currency of their choice. #DAOtools #Dextools @RaidGuild @theindiedao @StampedeDAO @SpearbitDAO @lex_DAO

-New protocol called @MantisSwap. Twitter bio states “Single-sided AMM for trading pegged assets on @0xPolygon”. h/t @Tide_web3:

Tide @Tide_web3

‼️@MantisSwap testnet program on @0xPolygon is officially LIVE‼️ Complete the tasks on Tide to mint a dynamic NFT granting access to task-based competitions!🎟️ There is a $2000 USDC reward pool for the best participants! 🏆💵 tideprotocol.xyz/users/campaign…

-New decentralized gambling protocol on Arbitrum called @riskydotlol. Twitter bio states “Innovative ERC20 token on Arbitrum with a gambling function built into the contract.” h/t @defipleb:

defipleb🫐🎲 @defipleb

🎲 $dice

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 cex stats, h/t @DaanCrypto:

Daan Crypto Trades @DaanCrypto

Binance currently the only exchange. in @DefiLlama's top 15 CEXes in terms of assets, that had positive net flows over the past 24 hours. Having said that, all the amounts in this list are not very substantial compared to their total size.

-Interesting chart from an @biancoresearch thread:

Jim Bianco biancoresearch.eth @biancoresearch

2/22 So, why does the market think the Fed will do much less? The latest Philadelphia Federal Reserve quarterly survey of professional forecasters shows the probability of a recession in the next year is the highest in the 50+ years this survey has been conducted.

-Truflation data for US:

Truflation💡 @truflation

Truflation US, Dec 19, 2022 🇺🇸 5.77% year-over-year #inflation rate. Learn more at truflation.com

-@THORChain releasing lending protocol in Q1, h/t @SliceTank:

SliceX⚡️🉐 @SliceTank

@AlgodTrading @THORChain will release a new decentralized Lending product in Q1 2023 that is ZERO liquidations and interest on Native assets like BTC and ETH. The economic design of the lending product is unprecedented. The tokenomics of their coin $RUNE are highly favorable as TVL rises.

-Interesting macro chart:

Game of Trades @GameofTrades_

The last time this happened, Dow went on a massive rally Dow has just completed a golden cross 50-day MA has crossed over the 200-day MA This might be a game changer

-Interesting crypto chart:

Daan Crypto Trades @DaanCrypto

It has now been 351 days since $BTC last touched it's 200 Daily Moving Average. Price is still 22% away as we speak. This is how long it took in previous bear markets 👇

-@GammaSwapLabs testnet live, h/t @xpnp404:

xcPNP.lens 🦇🔊(💙,🧡) @xpnp404

.@GammaSwapLabs Testet is now live. Here's how you can join and learn to be a Giga Brain on #Arbitrum 🧠 (and alfa alfa)

-Interesting US real estate tweets:

Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 @GRomePow

Imagine having a $1.2m house with no savings

Adam Taggart @menlobear

@GRomePow This nightmare is now playing out in many markets that have already seen substantial price drops since just May... like Austin (-18%), San Jose (-18%), Oakland (-18%), Anaheim (-14%) Crestview, FL (-14%), San Fransico (-13%), Boise (-12%), Sacramento (-12%) & growing # of others

Carl Quintanilla @carlquintanilla

In the last housing crisis, “11 million homes fell below their mortgage balance .. Home prices would have to fall between 40% and 45% from their peak to put the same proportion of mortgaged homes underwater today ..” @WSJ wsj.com/articles/why-t…

-Speculation re: Genesis from @crypto_condom:

CryptoCondom @crypto_condom

Strictly my own opinion, re: @GenesisTrading 1) Genesis is rumored to have a $1b callable note w/DCG if they file Ch 11 2) DCG needs to raise cash if that note is called....and may be doing so 3) Genesis is suspected to have MORE than $2b in debt 🧵👇

-Good thread of resources on active trading from @worstcontrarian:

Worst Contrarian @worstcontrarian

i want to do a thread on all the useful crypto/trading content I have found in my travels for new traders it can be hard to know who to listen to the purpose of this thread is to share some ppl/content & ideas with you that i find useful 1/x

-@Blockworks_ released an interview with famed macro investor Felix Zulauf:

-Parting wisdom from @cryptocred:

Cred @CryptoCred

Price informs narrative Price up = new reasons it’ll keep going up Price down = new reasons it’ll keep going down If you can’t filter narratives you’ll forever remain a momentum chasing Philistine Price impact of the narrative is often more telling than the narrative itself

Cred @CryptoCred

More simply: If you move your targets up on the way up based on ‘new fundamentals’ you’re NGMI If you move your targets down on the way down based on ‘new fundamentals’ you’re NGMI Good news having less impact in bull = bearish Bad news having less impact in bear = bullish

Conclusion

Here’s to a great week friends!

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

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