Happy Monday friends! Big week ahead of us! $JUP airdrop and Fed interest rate decision and lots of other stuff!
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: $2029.27
Oil (WTI): $77.66
US 10Y Treasury: 4.101%
Stocks ($SPY as proxy): N/A
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!)
@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
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it - 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
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet
@PikeFinance - use to qualify for (presumed) airdrop and 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
@JupiterExchange - Solana protocol with rumored large airdrop coming
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@LineaBuild - ETH L2 presumed airdrop
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@EtherFi - another EigenLayer restaking option
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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. Biggest gainer on the weekly among top 30 chains is Sui (#11) at +25.35%, and biggest loser is DefiChain (#29) at -6.38%.
Protocols are mostly red today. Biggest gainer on the weekly among top 100 protocols is multichain lending protocol Kinza Finance (#90) at +72.76%, and biggest loser is stUSDT (#16) at -32.00%.
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!)
-New project being built on @Blast_L2 called @BlastOffCoin. Twitter bio states “Blast Off on @Blast_L2 Leaving the ground to go into Space Lending Dapp using @Blast_L2 Native Yield + Native Token to incentivize and enable Liquidity”. Followed by 2 of our mutuals.
-New project on Sei called @SeiSwapNFT. Twitter bio states “The #1 DEX and NFT Launchpad on @SeiNetwork with Revenue Shares to Holders!” Followed by 2 of our mutuals. h/t @Beacon_Early:
-Something new called @CarpenterMarket. Twitter bio states “The pro marketplace for EVM Inscriptions…” Followed by 3 of our mutuals. h/t @Beacon_Early:
-New project being built on @Blast_L2 called @OrbitLending. Twitter bio states “Introducing Orbit - The native liquidity protocol on @Blast_L2”. Followed by 2 of our mutuals. h/t @Beacon_Early:
-Previously-mentioned Linea dex @NileExchange has been added to @DefiLlama. Again, Twitter bio states “Nile pairs incentives with concentrated liquidity for next-level capital efficiency”. Followed by 9 of our mutuals.
-A new project categorized as a dex on Bitnet has been added to @DefiLlama. Twitter bio states “#Xenwave is the all-powerful app where you can unleash your creativity, productivity, and socialize on the Web 3.0 🌐” Not followed by any 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 for today.
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)
-Macro schedule for the week ahead, c/o @KobeissiLetter:
-Wednesday’s FOMC (Fed interest rate) decision is the chief topic of conversation going into the week, with speculation the Fed will take a more dovish tone but odds of a rate cut still considered low:
-@JupiterExchange’s $WEN-airdrop continues to generate discussion (now just a few hours to claim - make sure you are EXTREMELY hypervigilant about doing so in order to avoid scam/drainer sites), h/t @0xjaypeg:
-Narrative/ticker alfa from @apes_prologue:
-Interesting historical data on $ETH returns c/o @DaanCrypto:
-Selling from FTX estate continues to generate attention, h/t @WuBlockchain:
-Ongoing tech layoffs continue to generate a lot of attention (though we would suggest this has more to do with the globalizing or flattening of the online economy and AI rather than endogenous US economic factors):
-Market thoughts from @QwQiao:
-New interview with @JupiterExchange founder @weremeow from @lukebelmar (click tweet to watch full video embedded in it):
-Interesting thread chronicling the history of OpenSea from @PixSorcerer:
-Positive sentiments c/o @jake_pahor:
-New interview with Jordi Alexander @gametheorizing from @milesdeutscher:
-Parting wisdom c/o of @alpha_pls:
Conclusion
Happy Monday friends let’s get after it!!!
And please RT/subscribe/etc if you found this valuable!
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Note
Lots of exciting stuff happening with @silentdao_ friends!
Our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, and things are starting to heat up to say the least!
Once again, Silent is middle-ware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself... Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
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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.