Happy Tuesday good degens! 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: $2027.32
Oil (WTI): $73.35
US 10Y Treasury: 4.156%
Stocks ($SPY as proxy): -0.36%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We at the Daily Degen believe that 2024 will be the year of the 'Airdrop Meta', and have been utilizing lots of projects that are presumed to be doing an airdrop!
Here's a running list of all the projects we've been trying out for this purpose along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrant old MM wallets over to it, utilize their internal swap feature. Click ‘Rabby Points’ to get started, our ref code: THEDAILYDEGEN
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature - our reflink: https://rainbow.me/points?ref=SZUR3U
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@Eigenpiexyz_io - Eigenlayer restaking protocol with its own presumed airdrop as well - https://www.eigenlayer.magpiexyz.io/?ref=0xf2355BE0e5a2d1C88584286d41A82FA71aDd0c0C
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol with its own presumed airdrop - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@ether_fi - another EigenLayer restaking option with its own presumed airdrop
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet, create profile, deposit onto their L2
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points for (presumed) airdrop with our code: thedailydegen
@PikeFinance - use to qualify for (presumed) airdrop and several other possible airdrops
@BungeeExchange - bridge to qualify for various potential airdrops
@JumperExchange - bridge to qualify for various potential airdrops
@deBridgeFinance - bridge to qualify for various potential airdrops
@Hyperliquidx - perps dex with (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
@aevoxyz - another cool appchain perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@StructFinance - Avalanche-based structured yields protocol
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@zerolendxyz - lending market on @zksync with presumed airdrop
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Note: And here's some other projects/services/etc we are huge fans of as well!
-Revelo Intel (institutional grade defi research + great free newsletter!) https://revelointel.com?aff=242 and discount code DEGEN10
-GMX: https://gmx.io/?ref=thedailydegen
-Gains Network - https://gains.trade/referred?by=thedailydegen
-Mux Protocol - https://app.mux.network/#/ref/THEDAILYDEGEN
-HMX - https://hmx.org/arbitrum/referral?ref=THEDAILYDEGEN
-RabbitX - https://app.rabbitx.io/?ref=REKTDIOMEDES
Biggest TVL Movers + Else
Chains are mixed today. Notables include Algorand (#23) at +90.30% on the weekly, Mode (#53) at +30,552% on the weekly, and ShimmerEVM (#73) at +31.07% on the weekly.
Protocols are mixed today as well. Notables include EigenLayer (now at #6) at +71.73% on the daily, and Hello Protocol (BSC lending protocol) (#81) at +84.79% 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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
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!)
-Something new called @AnzenProtocol. Twitter bio states “Optimizing Operator Payments on @EigenLayer built by @Hydrogen_Labs”. Followed by 21 of our mutuals. h/t @ipor_intern:
-Something new called @RivusDAO. Twitter bio states “Bringing you liquid staking & unlocking DeFi on the Bittensor network 🖤”. Followed by 9 of our mutuals. h/t @toffee248:
-Something new on Metis called @RepleteFinance. Twitter bio states “soonTM”. Followed by 4 of our mutuals. h/t @toffee248:
-New restaking project called @RedoFinance. Twitter bio states “RedoFinance - The new chapter in DeFi 🚀 Building industry's best modular liquid restaking protocol, Powered by EigenLayer ❤️”. Followed by 3 of our mutuals. h/t @toffee248:
-Previously-mentioned @PrimeStaked has been added to @DefiLlama. Again, Twitter bio states “Liquid restaking built on top of @EigenLayer. Earn EigenLayer Points, XP, and LST yield by holding $primeETH 🥩”. Followed by 11 of our mutuals.
-New liquid-staking project on ZetaChain called @Omnipool_app has been added to @DefiLlama. Twitter bio states “Leading Liquid Staking service on @zetablockchain”. Not followed by any of our mutuals.
-New Arbitrum perps dex called @PinguExchange has been added to @DefiLlama. Twitter bio states “Pingu Exchange is a decentralized perpetual exchange powered by @PythNetwork available on @arbitrum.” Followed by 8 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!
-Important security-related tweet from @AlwinPeng:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$DYM airdrop today - reminder there is no additional ‘claiming’ or contract interaction needed - it should be sent straight to the wallet address you provided during the initial claim process a couple weeks ago, h/t @alpha_pls for the great coverage as always:
-Extremely good thread on @dymension and $DYM if you are interested in learning more about them, from @10xscale:
-EigenLayer TVL exploded after it re-opened deposits yesterday, h/t @DefiMoon:
-(Related) chart of restaking TVL h/t @Dynamo_Patrick:
-Stocks continue to climb upwards and bonds sink down as macro “crack up boom” continues, h/t @fejau_inc:
-Solana outage is hot topic on TL:
-Agreement between ENS and GoDaddy generating much attention, h/t @BrantlyMillegan:
-Narrative/ticker alfa c/o @thedefivillain:
-Airdrop action/alfa from @Faycytw:
-Excellent long-form tweet from @0xGeeGee on various alfa points to explore, ERC404, Farcaster, Whales Market, RWA, and a bunch of other things to be aware of (click to read full thing):
-Very important thread from @high_fades:
-Very well-done article from @blocmatesdotcom explaining the new ERC404 standard and $PANDORA in great detail:
-New video all about Farcaster from @theempirepod:
-New interview with brilliant macro thinker Mike Green @profplum99:
-New video on $DYM and other topics from @TaikiMaeda2:
-Some good video airdrop-alfa from @0xMughal:
-Parting wisdom c/o @blockchaingod69:
Conclusion
Happy Tuesday friends! Stay alert out there!
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.