The Daily Degen - January 13th, 2023

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

Happy Friday fellow degens! Another fascinating day 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 $18865.65 (0.24% 1h) 2: Ethereum price is $1411.05 (0.22% 1h) 3: Tether price is $1.00 (0.00% 1h) 4: BNB price is $287.80 (0.01% 1h) 5: USD Coin price is $1.00 (0.02% 1h) 9: Dogecoin price is $0.08 (0.48% 1h)

СryptoBubblesDaily @cryptobubbles24

The global #crypto market cap today is $0.94T, a 2.00% change in the last 24h. Total trading volume in the last 24h is at $78.5B. #BTC dominance is at 38.47% and #ETH - 18.01%. 13.01.2023 6:52:37 (UTC) #DeFi #NFT #BSC #Tether #AVAX #XRP #TRX #Solana

Gold: $1,904.00

Oil (WTI): $78.42

Stocks:

woodstock.club | SNS型投資アプリ @woodstockclub

🇺🇸Market Recap(変動率)🇺🇸 🈯ETF $VOO (S&P 500): +0.374% 📈 $DIA (Dow Jones): +0.659% 📈 $QQQ (Nasdaq 100): +0.54% 📈 💲GAFAM終値 $GOOGL: -0.426% 📉 $AMZN: +0.189% 📈 $META: +2.875% 📈 $AAPL: -0.06% 📉 $MSFT: +1.162% 📈 🔐暗号資産 $BTC: +4.803% 📈 $ETH: +2.601% 📈

Biggest Price Movers

(From @coingecko top 1000)

Spotlight

We’re helping our friends at @CRE8RDAO shine a light on @OKCNetwork!

@OKCNetwork is an EVM-compatible blockchain built on Cosmos that just released a very interesting liquid-staking program.

Here’s a great thread from the team itself as well as one from our friend @The_ReadingApe!

OKC (OKX Chain) ⚛🕸 @OKCNetwork

2022 has been challenging but we still made significant strides toward interoperability & performance! Shout out to our core dev for Liquid Staking & #OKCIBC as well as our partners @Tether_to @unstoppableweb @Ledger @nansen_ai @XEN_Crypto 🫡 #OKXChain A Year In Review 2022 🧵

The Reading Ape | Podcasts to Notes @The_ReadingApe

We talked about #OKC chain and their recently launched liquid staking protocol. Today, we're going to be talking more about the technicalities of the staking itself. A 'how-to' guide, if you will. Read on 👇

Biggest TVL Movers

Chains are mostly green today. Some notables include Algorand (#17) at +86.13% on the weekly (presuming accurate), Canto (#21) at +42.76% on the weekly, and Aptos (#31) at -7.80% on the weekly.

Protocols are extremely green today. The only top 100 protocols down at least 5% on the weekly are Aura (#23), Stargate (#26), Keep3r Network (#43), Gearbox (#63), B.Protocol (#80), LUSD Chickenbonds (#85), and Ribbon Finance (#89).

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 31. Fear Current price: $18,871

Ethereum Fear And Greed Index

(from @EthereumFear):

Ethereum Fear and Greed Index @EthereumFear

Ethereum Fear and Greed Index is 56 — Greed Current price: $1,418 opensea.io/assets/0x7fa81… etherscan.io/token/0x7fa813…

Crypto Volatility Index

(from @CVIdaily)

CVI Daily @CVIdaily

The Crypto Volatility Index is at 55.04 📊 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 dex on Milkomeda called @BrightSide_fi has been added to @DefiLlama. Twitter bio states “BrightSide finance is an L2 liquidity ecosystem built on and for @Algorand.”

-A new Arbitrum protocol called @defi_waterfall has been added to @DefiLlama. Description states “Waterfall is the first DEX on Arbitrum that will find a purpose for many Meme tokens and not only! AMM on Arbitrum”

-New protocol called @FluxDeFi. Twitter bio states “Decentralized lending meets tokenized securities”. h/t @pablo_veyrat:

agPAB 📐 @pablo_veyrat

This is what we call a really smart move 1. You make a restricted/KYC-ed T-bill product 2. You then launch a lending protocol that will allow everyone (e.g USDC lenders) to take advantage of the T-bill rate thanks to arbs by KYC-ed people who are leveraging their deposits

Flux Finance @FluxDeFi

1/ 📢 Introducing Flux Finance, the first decentralized lending protocol designed to support permissionless assets like stablecoins alongside permissioned assets like security tokens. https://t.co/P4V8rPaGOS

-Something new called @antfarmfinance. Twitter bio states “The Decentralized Exchange built for liquidity providers & Project Owners and supported by a DAO.”

Antfarm Finance 🐜 @antfarmfinance

Calling all ants! 🐜 The launch of the ILO for the Antfarm protocol will start on January 17th. The ILO will be available until January 23, or as soon as the hardcap is reached (500 ETH). The Antfarm is coming 🐜 #DEX #ILO #Ethereum

-Something called @ExactlyProtocol appears to have launched on Ethereum Mainnet. Twitter bio states “Exactly Protocol is a decentralized, non-custodial and autonomous marketplace for depositing and borrowing crypto assets at a variable or fixed interest rate.”

𝚵xactly @ExactlyProtocol

See our full announcement on Medium 👇 medium.com/@exactly_proto…

medium.comExactly Protocol raises $2 Million in funding and launches on Ethereum Mainnet with fixed and…“Exactly Protocol is thrilled to announce its official launch on the Ethereum Mainnet, marking a significant milestone for the protocol…

-New protocol called @LenenProtocol. Twitter bio states “Lenen is the first cross-chain decentralized, transparent and non-custodial liquid asset lending protocol under the @Vision_Chain…”

Lenen @LenenProtocol

🥳Lenen Mainnet is officially launched now! ⏰Time: Jan.12th, 14:00(UTC+8) 🎁Giveaway: 1000,000 $LEN for 10 winners: ❤️+RT+ Comment your thoughts about Lenen+ @ 3 friends 🔗Lenen Official Website: lenen.network/home #DeFi #Crypto #Mainnet

-New Avalanche dex called @_VaporFi. h/t @o_ponle:

B.O.G (💙,🧡) 🧲 @o_ponle

With recent $AVAX partnership with Amazon Web Service (@awscloud) & ongoing @avalancheavax run/hype🔺 👉 Here’s a thread on latest DEX you shouldn’t fade (launch today) NO PRESALE ✅ NO TEAM TOKENS ✅ 100% token supply emission to the community 🚜 RT for others!!! A 🧵 👇🏻

-Something called @KYVENetwork, on Cosmos apparently. Twitter bio states “Building the Web3 data lake solution 🌐 Making data reliable, permanently stored, and easily accessible for all.”

KYVE is hiring 💫 @KYVENetwork

1/ 🗓️ KYVE’s 2023 roadmap is live! With the start of the New Year & release of our new website & overall branding, the roadmap page has been updated to best break down KYVE’s next steps toward & after mainnet launch 🚀 👉 Visit kyve.network/roadmap 👈 Or check the 🧵⬇

-New/newish protocol called @parallaxfin. Twitter bio states “Building DeFi’s chain agnostic vaults powered by low risk community strategies. Single click interaction swaps and bridges any asset onto any chain.”

Parallax Finance @parallaxfin

1/ @parallaxfin is bringing single-click strategies,which are community built, onto @arbitrum We are making it possible for holders of any asset to ZAP into our vaults through our in-built tool called the “dynamic vault module”. Integrated into our flagship Spaceship vaults.

Security Alerts

-@CertiKAlert released the following alert:

CertiK Alert @CertiKAlert

#CertiKSkynetAlert 🚨 We are seeing a possible exit scam of ~$2.5m Recently created “CirculateBUSD” and "CirculateWBNB "contracts have been drained by the contract creator Funds bridged to Ethereum and deposited into @TornadoCash

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ 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)

-Inflation (CPI) print came in at 6.5%:

Truflation💡 @truflation

The BLS just released the monthly inflation rate (CPI) for December. It came at 6.5% exactly as the market expectations and Truflation's team forecast. bls.gov/news.release/p…

AndreasStenoLarsen @AndreasSteno

If we remove shelter costs (which are OLD news), we now have outright DEFLATION on a monthly basis .. Worth noting -> stenoresearch.com/watch-series/i…

-SEC charges Gemini and Genesis with “the sale of unregistered securities”:

Watcher.Guru @WatcherGuru

JUST IN: 🇺🇸 SEC charges #crypto firms Gemini and Genesis for the sale of unregistered securities.

-Nexo’s offices raided by Bulgarian police:

Emily Nicolle @emilyjnicolle

new: Nexo’s Sofia office has been raided along with 14 other addresses as part of a special investigation into the crypto lender on Terminal now, web shortly. w/ @GoodOldSlav

-More layoffs, from Crypto.com in this case:

Kris | Crypto.com @kris

Today we announced the difficult decision to reduce our global workforce by about 20%.

-Japan update:

Dylan LeClair 🟠 @DylanLeClair_

The Bank of Japan is losing control of its bond market. JGB 10y swaps have breached 1.00% while bonds have penetrated the 0.50% cap, reaching 0.54%. BoJ recently changed its peg for 10y bonds from 0.25% to 0.50%, eroding credibility. More brrrr inbound.

-Great thread from @blocmatesdotcom:

blocmates. @blocmatesdotcom

There are enough projects in the depths of hell right now with ridiculously low market caps that make it possible to do very well in 2023... On the flip side, there are numerous unreleased projects with zero-to-one innovation that will also come online. So, here is my list...

-Interesting story from @TheBlock_:

The Block @TheBlock__

Alameda liquidators get liquidated on Aave as they try to consolidate funds theblock.co/post/201674/al…

-New version of @dsynths/@DeusDao launches:

Lafa @lafachief

The world's first P2P bilateral trading engine is accepting its genesis trades... in real-time. A vision has come true, and I can't say how grateful I am for everyone who joined to make it a reality... @quantlordd ,the @dsynths @DeusDao & @muon_net team and community

-Price of gold continues climbing:

StockShaman ⚒ #PeakCopper AKA Greg Shafransky @StockShaman

#gold $1900 "BAM, just like that..."

-Monthly alpha from @karl_0x:

Karl @karl_0x

free monthly alpha, enjoy

-US sovereign debt update:

Charlie Bilello @charliebilello

The Interest Expense on US Public Debt rose to $775 billion over the past year, a record high. If it continues to increase at the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security.

-Excellent new video from @Blockworks_ for our macro fans:

-Interesting new video from @Dynamo_Defi:

Conclusion

Have a great Friday friends!

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

-

Note

Our official sponsor for the month of January is @NestedFi- a new Social Trading protocol- which lets users create portfolios (and copy-trade other portfolios) on all the main EVM chains.

@NestedFi will be doing an airdrop for early users, so consider trying it out and creating a portfolio yourself and copying some other portfolios you like!

Check out their newest announcement below!

Nested 🧩 @NestedFi

1/ Discover our new aggregated way to preview your holdings. - See the cumulated value of all your portfolios & their global performance. - Compare your global performance to other assets - $BTC, $ETH, $OP, etc. - Display deleted and sent portfolios, as well as all your assets.