The Daily Degen- February 7th, 2024
All of today's news/data/alerts...
Happy Wednesday friends! The excitement continues!
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 @CryptoBubbles):
Gold: $2033.22
Oil (WTI): $73.93
US 10Y Treasury: 4.115%
Stocks ($SPY as proxy): +0.29%
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
@portalbridge_ - bridge to qualify for potential Wormhole airdrop
@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
@rabbitx_io - app-chain perps dex - use to potentially qualify for Starknet + other airdrops - https://app.rabbitx.io/?ref=REKTDIOMEDES
@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
@Starknet - ETH L2 presumed airdrop
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
Biggest TVL Movers + Else
Chains are mixed today. Top 100 chains up at least 5% on the daily include DefiChain (#29), FSC (#61), and Bifrost (#85).
Protocols are mostly green today. Top 100 protocols up at least 10% on the daily include Eigenlayer (#6), Puffer Finance (#33), Sushi (#43), and Lista DAO (#63).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a minimum TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Entities By 24 Hour Revenue 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 @OmoProtocol. Twitter bio states “. . . b u i l d i n g . . .” Followed by 11 of our mutuals. h/t @zerototom:
-A new dex on ZetaChain called @KatanaSwap has been added to @DefiLlama. Twitter bio states “With a commitment to user security, lightning-fast transactions, and unique features”. Followed by 1 of our mutuals.
-New RWA protocol on ETH Mainnet called @AnzenFinance has been added to @DefiLlama. Twitter bio states “🏦 Real World Yields. Join us in transforming the future of credit…” Followed by 7 of our mutuals.
-Previously-mentioned lending protocol on BSC called @segment_fi has been added to @DefiLlama. Twitter bio states “Segment Finance is a decentralized, non-custodial liquidity market protocol on #BNB. $SEF”. Followed by 12 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!
-No security alerts today.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$DYM airdrop was main topic of attention in crypto yesterday, here is a good thread from @2lambro on how to stake or sell your $DYM if you received some:
-May 23rd looking like the day for a potential $ETH ETF, h/t @JSeyff:
-More major headlines c/o @0xSalazar:
-More US banking issues, h/t @JackFarley96:
-@CryptoHayes on the above:
-OpenSea now accounting for less than 17% of Ethereum NFT volume, h/t @cburniske:
-@pufferfinance, @modenetwork, and @pendle_fi also seeing surges in TVL this week, h/t @Prithvir12:
-Pre-market trading of airdrops continues to gain traction on various perps dex’s, h/t @hansolar21:
-China continuing to generate attention in macro circles, h/t @EricBalchunas:
-@0xQuit with a technical thread on ERC404’s:
-Trading/investing insight from @drakeondigital:
-New guide to EigenLayer/restaking airdrop opportunities, h/t @KryptoCove:
-Parting bullishness from @blknoiz06:
Conclusion
Happy Wednesday good degens! 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.