The Daily Degen - January 15th, 2023

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

Happy Sunday friends! Halfway through the first month of 2023!

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 $20723.11 (0.55% 1h) 2: Ethereum price is $1529.74 (0.55% 1h) 3: Tether price is $1.00 (-0.00% 1h) 4: BNB price is $296.19 (1.07% 1h) 5: USD Coin price is $1.00 (0.02% 1h) 9: Dogecoin price is $0.08 (0.96% 1h)

СryptoBubblesDaily @cryptobubbles24

The global #crypto market cap today is $1.01T, a -1.30% change in the last 24h. Total trading volume in the last 24h is at $81.2B. #BTC dominance is at 39.41% and #ETH - 18.20%. 15.01.2023 8:20:54 (UTC) #DeFi #NFT #BSC #Tether #AVAX #XRP #TRX #Solana

Gold: $1,920.60

Oil (WTI): $79.86

Stocks: N/A

Biggest Price Movers

(From @coingecko top 1000)

Spotlight

@Neutrafinance is a new protocol on Arbitrum that is launching a Delta Neutral GLP strategy utilizing @GMX_IO.

We’re helping them build awareness for their launch so make sure to give them a follow on Twitter and check out the their announcement below regarding their public sale or read the Medium article on it for the full breakdown!

Neutra FinanceㅣPublic Sale: 1/16 UTC 1PM 🎟 @Neutrafinance

📢 GLP Market Neutral Vault Launch Timeline We will have our first soft cap at 2M DAI ($2M). OG: Jan 18, 6AM UTC ~ Jan 19, 6AM UTC (Cap of 4,000 DAI per wallet) Public: Jan 19, 6AM UTC ~ Until cap is filled Read to learn more about the vault 👇 medium.com/p/5f86708412c0…

Biggest TVL Movers

Chains are mixed today. Top 20 chains green on all three timelines (daily, weekly, monthly) include Ethereum (#1), Tron (now back in #2 spot over Binance), Avalanche (#6), Fantom (#8), Algorand (#15), and Waves (#18).

Protocols are almost all red on the daily but green on the weekly and monthly. Only exceptions that are green on all three timelines (daily, weekly, monthly) are Morpho (#30), Abracadabra (#41), Algofi (#59), and Homora V2 (#83).

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 Stablecoins By Market Cap (from @coingecko):

Other Data Points

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Bitcoin Fear and Greed Index @BitcoinFear

Bitcoin Fear and Greed Index is 52 ~ Neutral Current price: $20,981

Ethereum Fear And Greed Index

(from @EthereumFear):

Ethereum Fear and Greed Index @EthereumFear

Ethereum Fear and Greed Index is 70 ~ Greed Current price: $1,551 opensea.io/assets/0x7fa81… etherscan.io/token/0x7fa813…

Crypto Volatility Index

(from @CVIdaily)

CVI Daily @CVIdaily

The Crypto Volatility Index is at 74.68 📊 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!)

-New protocol called @ZonicApp. Twitter bio states “NFT Marketplace for Optimism and Arbitrum by the team of @Apetimism”.

-New protocol launching called @JustBetOfficial. Twitter bio states “The global gambling industry is not ready for what's coming. Launching on #Arbitrum Q1 2023. On-chain gambling, funded by DeFi.”

JustBet (💙,🎲) @JustBetOfficial

Less than 30 hours left for the testnet. JustBet will be released at 3PM UTC tomorrow, Sunday the 15th.

-Something called @Parcl. Twitter bio states “Buy and short real estate markets around the world. 🏠📈 Real estate derivatives built on @solana || Your global real estate portfolio.”

Parcl📍 @Parcl

1/🚀 Welcome to the Parcl Protocol The world’s first real estate derivatives protocol, built on @solana, is now live – designed to give you access to real estate markets around the world 🌎 Start building your global real estate portfolio today ⬇️ app.parcl.co/?utm_medium=so…

app.parcl.coParcl App – Your Global Real Estate PortfolioStart building your global real estate portfolio today. We’re on a mission to deliver real estate to everyone and believe that everyone should have access to the global real estate market so we built Parcl to make real estate investing more accessible, flexible, and liquid.

-New protocol on Cosmos called @ZoneBamboo. Twitter bio states “Lending Protocol for Yield-Generating Assets. Built on @PersistenceOne…” h/t @schizoxbt:

Schizoxbt 🐻⛓️⚛️ @schizoxbt

New protocol coming to Cosmos. Looks like they're trying to do LSD borrowing and lending. Might be worth keeping an eye on

Bamboo @ZoneBamboo

Meet Mr. Interchain MoneyBags, A panda who's here to revolutionize lending in Cosmos, dive deeper into the vision behind Bamboo here 👇 https://t.co/uZqa1NUYQW

-New protocol called @SURGEPROTOCOL. Twitter bio states “#DeFi the way it should be - Redefined and Reimagined”.

Surge DeFi @SURGEPROTOCOL

$SRG MIGRATION UPDATE ⚡ We just showcased how a clean migration of any project onto the #Surge Protocol can look like. Official contract addresses found in our Telegram and our Whitepaper! (LinkTree in bio) Airdrops were distributed Excess tokens were burned ⚡ Trading live!

-New protocol called @NuonFinance. Twitter bio states “Nuon, the first flatcoin, pegged to inflation, not Fiat. Better Money.”

Nuon Finance @NuonFinance

1/3 Get ready! The #flatcoin revolution is coming with the launch of Nuon's Beta Mainnet in January. Nuon is the only exogenous, overcollateralized and independent flatcoin pegged to an unbiased inflation index. Inflation-proof and free from centralized monetary policy. Join us!

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, single-exposure, and no-IL filters) 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)

-Implications of China re-opening continue to generate discussion:

🅰🅻🅴🆂🆂🅸🅾 @AlessioUrban

Chinese demand for commodities is coming back and copper is surging as expected. US 5y breakeven inflation rate vs Copper

Tracy (𝒞𝒽𝒾 ) @chigrl

Oil Demand in China Seen at Record in 2023

-Notable coming unlocks:

PermanentGainz @permanentgainz

Notable token unlocks coming up: - $MAGIC: >1M tokens ($600k) every day from Jan 26 to March 3. - $DYDX: 100% of circulating supply on Feb 2. - $1INCH: 33% of circulating supply on Feb 7. - $SAND: 12% of circulating supply on Feb 14.

-Excellent breakdown of Beefy Finance $BIFI analytics from @__ePete:

EPETE @__ePete

While a more robust API solution is in the works, I have built a report showing @beefyfinance revenue annualized based off of current values. I post updates weekly in the discord. Note this is only for revenue generated from vaults.

-Interesting data and comments from @truflation:

Truflation💡 @truflation

Truflation summary, Jan 14, 2023 🇺🇸 5.50% 🇬🇧 19.96% More price index data at app.truflation.com #inflation

Truflation💡 @truflation

Inflation is slowing, yet price reductions are not spreading from gasoline to other items as the Administration hoped when they bet it all on SPR depletion and the Maduro deal.

FORTUNE @FortuneMagazine

"The end of the first quarter of 2023 will be a make-or-break moment for the U.S. economy," writes @truflation Head of Product Oliver Rust. https://t.co/Gay9MneU4K

-@ChainLinkGod on the L1 rotation trade:

ChainLinkGod.eth @ChainLinkGod

The L1 chain rotation games are basically dead at this point Very little to be gained these days by simply forking the EVM/geth, deploying a DeFi subsidy program on it, and hyping up the masses Yet at the same time, just a bit too early for the true L2 rollup rotation games

-@PendulumFlow with some interesting US real estate data:

Pendulum Flow 🕰️ 🌊 @PendulumFlow

US Mortgage debt servicing today is at some of the lowest levels on record. How is that possible? 🧵 1/4

-Debt ceiling looks to be main topic for week ahead:

Genevieve Roch-Decter, CFA @GRDecter

The current debt ceiling is $31.381 trillion. That's $31,381,000,000,000. The government has raised the debt ceiling almost 100 times since 1960, and needs to raise it immediately to avoid defaulting in the next few months. Imagine if a company was run like this.

-Quite a few unpopular tokens mooning the last few days:

Aylo @alpha_pls

Everyone shorting coins with high leverage because "big unlocks & lots of sell pressure" getting destroyed:

-Monster Chainlink thread from @The_Babylonians:

TheBabylonians 🌴 @The_Babylonians

The future of Chainlink Economics 2.0 and why you should not fade $LINK. >90% of dApps require access to off-chain data and Chainlink plays a critical role in the foundational structure of crypto today.

-Fantastic article from @DefiMann:

DeFi Man 🫐 @DeFiMann

Hope everyone enjoyed yesterday those chad candles Whether bear or bull, grinding never stops Next article of the Crypto fundamentals 101 is up:

mirror.xyzCrypto fundamentals 101 Chapter 2: Pricing powerWe dedicated the last chapter to analyze one of the most important metrics in revenue generation, and this week we will focus on the main profit lever, as that is what should be the main proxy to determine how good or bad a business is.

-Excellent new panel discussion from @blocmatesdotcom featuring @byChadManDan and @jediblocmates:

-Great new livestream from Digital Asset News featuring CoinBureau and Ben Cowen, giving much insight into the more mainstream perspective on crypto right now (as opposed to us filthy on-chain degens that is :) ):

-Parting wisdom from @austin_bbytes:

Austin | Blockbytes @austin_bbytes

You see all these fair weather news outlets who called bitcoin’s death last week are now calling for a bull run? I only get my news from anon cartoon frogs on twitter. My family thinks Im insane but I sleep well at night knowing that nothing is real anymore.

Conclusion

Have a great Sunday fellow degens!

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

-

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!

DeFi Dad ⟠ defidad.eth 🦇🔊🐼 @DeFi_Dad

👨‍🌾 Once @NestedFi vault strategies go live, it’ll be a product like copy-trading but instead copy-farming. 🫡 Zaps were a major driver for growth in the last bull run and I believe sharing/productizing more bundled transactions like this via copy-farming could be huge. https://t.co/R8ymdkmUYg

Nested 🧩 @NestedFi

13/ What's next later in 2023? - Limit orders: set limit orders to buy or sell cryptos. - Automatic DCA: Set buy orders at regular intervals. - Vaults uberization: create a yield strategy & propose it to Nested. Earn royalties on every revenue it generates for Nested users.

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