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… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles24):
Gold: $2030.74
Oil (WTI): $76.84
US 10Y Treasury: 4.262%
Stocks ($SPY as proxy): -0.55%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Reminder good anon that our friends at @KelpDAO are currently offering big incentives to EigenLayer restakers!
“Early arrivers on the Kelp Odyssey get a special treat... 1.5 Million extra EigenLayer Points overall!
For the first 20k $rsETH minted with $ETH, you get 30 extra EigenLayer Points per $rsETH minted…
For each $rsETH minted, get 100k bonus Kelp Miles on top of regular Kelp Miles…”
In addition, they are also giving out big incentives to those who refer additional restaking enjoyoors to the platform as well!
Once again, @KelpDAO is an extremely cool new project based around an LRT (liquid restaking token) solution on EigenLayer called $rsETH, so make sure to learn more in the thread below and follow the official @KelpDAO account on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) include BSC (#3), zkSync Era (#28), Stacks (#29), Mode (#46), and Scroll (#48).
Protocols are mixed today. Protocols with at least $50M TVL up 50% on the weekly include uncategorized Solana protocol Meteora, prospective Bitcoin L2 (currently listed as a ‘Farm’) Merlins’s Seal, Hedera dex SaucerSwap, and multichain lending protocol Kinza Finance.
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects 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 @berachain project called @honeypotfinance. Twitter bio states “The all-encompassing DeFi Hub on @berachain 🐻⛓🍯”. Followed by 33 of our mutuals.
-New CDP protocol on Cronos called @OrbyNetwork has been added to @DefiLlama. Twitter bio states “Your decentralized stablecoin lending protocol at 0% interest rates 👀”. Followed by 1 of our mutuals.
-New Fantom lending project called @polterfinance has been added to @DefiLlama. Twitter bio states “Polter is a decentralized non-custodial lending and borrowing platform on $FTM”. Followed by 6 of our mutuals.
-Previously-mentioned new lending protocol @0xMeowProtocol on Scroll and ETH Mainnet has been added to @DefiLlama. Twitter bio states “Lending Protocol Built A Permissionless Financial Autonomous World Building on @Scroll_ZKP, impressive DPR up to 769.08%”. Followed by 2 of our mutuals.
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Security-related thread from @SlorgoftheSlugs:
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)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Lot of focus on upcoming @nvidia earnings report both in crypto and macro world:
-Less than two months until next Bitcoin halving, h/t @TheDeFinvestor:
-Fascinating long-term chart of total Defi TVL h/t @Dynamo_Patrick:
-Optimism has done a new airdrop, apparently for those who have created NFT collections on their chain(?), h/t @OlimpioCrypto for more info below:
-Coinbase hits new high of $1B in daily perps volume, h/t @yugacohler:
-More reports of macro contagion in Europe, h/t @AndreasSteno:
-Circle announced it is ending support for $USDC on the Tron Blockchain, h/t @fintechfrank:
-@LynAldenContact on current regime of fiscal dominance (translation: the massive overspending of the US government is overwhelming nearly every other economic variable including interest rates):
-Upcoming $ARB-unlocks, h/t @PSYTWEAK:
-Current most-watched NFT collections c/o @coingecko:
-Interesting (written) interview with airdrop-expert @CC2Ventures from @ThorHartvigsen:
-New @coinbureau video on ETH L2’s:
-New livestream with macro gigabrain Tony Greer @TgMacro from @RealVision:
-New @laurashin interview with @nickwh8te and @musalbas from Celestia:
-Parting wisdom from @usernamecrypto2 /co @QuotableCrypto:
Conclusion
Happy Wednesday friends!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) are the only parts of The Daily Degen that are 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.