The Daily Degen- January 19th, 2024

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

Jan 19, 2024

Happy Friday lads and ladettes!

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: $2033.22

Oil (WTI): $73.96

US 10Y Treasury: 4.13%

Stocks ($SPY as proxy): +0.89%

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

Our good friends at @StructFinance have been cooking up some interesting stuff as of late!

As background, Struct is an extremely cool Avalanche-based project we’ve been helping spread the word about that provides structured finance products to maximize investors’ risk-adjusted yields….

They have entered 2024 shipping up a storm, and recently announced their new Auto-Pools partnership with @TraderJoe_xyz! These are extremely gigabrained yield strategies built upon the legendary Avalanche dex that provide structured yield opportunities catering to different investors’ varying risk profiles and desired asset exposure…

Check out this tweet from @TraderJoe_xyz about it:

And get more info in this thread from the Struct team themselves!

Biggest TVL Movers + Else

Chains are quite red today. Biggest gainer on the weekly among top 50 chains is PulseChain (#9) at +134%.

Protocols are also quite red today. Biggest gainer on the weekly among top 100 protocols is Renzo (#97) at +209%.

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 @soladfi. Twitter bio states “Farming airdrops at scale for the noobs and lazy, with guerilla methods boosting returns up to 10x 👩‍🌾”. Followed by 3 of our mutuals.

-Something new called @sofamon_xyz. Twitter bio states “a new layer of social expression”. Followed by 14 of our mutuals. h/t @AresLabs_xyz:

-Something new called @vectorreserve. Twitter bio states “Vector Reserve is DeFi’s first Liquidity Layer and issuer of the first LPD: vETH. Powered by @EigenLayer and Superfluid Staking.” Followed by 26 of our mutuals. h/t @AresLabs_xyz:

-Something new called @oooo_money. Twitter bio states “The first modular cross-chain protocol supporting Bitcoin Layer 2.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:

-New project called @beanb_ag. Twitter bio states “Lightning Trades. Stellar Liquidity. Ethereum's first escape-velocity AMM.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:

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 ($1M+ TVL, single-exposure, and 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)

-Bitcoin ETF flows still generating much attention/discussion, h/t @EricBalchunas:

-Tether apparently purchased $380M of $BTC in Q4, h/t @Travis_Kling:

-Narrative/project alfa from @TheDeFinvestor:

-BICO, INSP, and TIA were the top-trending coins on @coingecko over the last week:

-Bitcoin mining companies and crypto-related equities generally have been getting smashed the last week and a half, h/t @TheFlowHorse:

-Some macro TA from @JLabsJanitor:

-New Solana phones getting lots of attention, h/t @0xjaypeg:

-Overall market thoughts from @krugermacro:

-US mortgage rates starting to fall a bit but still far above the levels of recent years, h/t @charliebilello:

-Very good thread on Bitcoin scaling/L2’s/Stacks/etc from @hmalviya9:

-Trading/investing wisdom from @cobie c/o @heartereum:

-New weekly roll-up video from @BanklessHQ going over all the biggest stories/topics in crypto:

-Extremely good interview of @phtevenstrong from @Dynamo_Patrick with lots of alpha on yield strategies, defi as a whole, and high-level general thoughts:

-New roundtable discussion from @0xResearch discussing the new Solana phone, Arbitrum, Aevo, EigenLayer, the coming (presumed) Rabby airdrop, Blast/Blur, Cosmos, and more:

-Another gem-hunting episode from @grantblocmates and @jediblocmates at @blocmatesdotcom:

-New episode of NFA Live featuring @coinbureau, @intocryptoverse, and @NewsAsset:

-Parting wisdom from @George1Trader c/o @QuotableCrypto:

Conclusion

Have a great Friday good degens and stay alert out there!

And please RT/subscribe/etc if you found this valuable!

***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.