Happy Sunday friends! Lots of interesting stuff going on…
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Gold: $1,865.70
Oil (WTI): $73.77
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.
According to data they’ve published on their Medium page, backtesting of the strategy has yielded excellent performance with an APR approaching 10%.
We’re helping them build awareness so make sure to give them a follow on Twitter and check out the their announcement below re: Camelot Dex!
Biggest TVL Movers
Chains are mixed today. Fastest growing chains on the weekly with at least $1M TVL are Fusion at +6,359% and $148.32M TVL (think the first number is a glitch however Fusion does seem to have been growing a lot), Comdex at +159% and $1.4M TVL, Hydra at +43.05% and $1.9M TVL, and Waves at +37.43% and $131.5M TVL.
Protocols are mostly green today. Top 100 protocols up at least 10% on the monthly include Aura (#21), Euler (#31), Abracadabra (#42), Ankr (#50), Vires Finance (#54), BendDAO (#56), UwU Lend (#72), B.Protocol (#74), LUSD ChickenBonds (#80), and Idle Finance (#87).
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)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Blue-Chips Year-To-Date Performance:
(Note: gonna start including this once a week)
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 @ArbiShield. Twitter bio states “Privacy based ecosystem & tornado cash alternative on Arbitrum”.
-Something called @Commodo_Finance. Twitter bio states “Borrowing/Lending Platform on Comdex”.
-Something called @fren_chain. Twitter bio states “Building the Frenliest Chain on the Block L1, EVM, Memechain and builders wit' attitude Now live on ETH / Uniswap”.
-Options protocol building on Polygon called @Synquote. Twitter bio states “Synquote is a decentralized options trading platform with liquidity across 500+ instruments. 🔱” h/t @0xkhan_:
-New protocol on Arbitrum called @IkkiProtocol. Twitter bio states “One-stop unified solution for Decentralized Finance on #Arbitrum”. h/t @toffee248:
-Something called @ZKEX_Official. Twitter bio states “⚡ Trade crypto ⚡ Never give up custody ⚡ Stay secure with zero-knowledge 🦾 Powered by @zklinkorg, @starkwareltd, @zksync 🚀 Testnet 2.0 is LIVE”.
-New protocol called @AutomaticDeFi. Twitter bio states “Low fee, gas-optimized decentralized perpetual exchange built on @0xPolygon. Trade top cryptocurrencies with up to 175x leverage directly from your wallet.” h/t @LouisCooper_:
Security Alerts
-Note: We had multiple folks reach out to inform us that a protocol we mentioned the other day - @mevprotocol - is a scam, so please disregard that one and also please take as important reminder to DYOR on anything flagged in the New Protocols section. Section is only meant to be a starting point for research - the protocols included are not pre-vetted by us!
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ 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)
-Interesting macro chart:
-Andre Cronje did an extended AMA on official Fantom forum:
-Interesting set of 2023 trade recommendations from BoA:
-Interesting proposal re: GMX / BSC:
-@0xDeCeFi on the @DefiLlama ‘Raises’ page:
-CZ on adoption:
-New podcast episode for @berachain fans, with @SmokeyTheBera:
-Excellent weekly breakdown from @arndxt_xo:
-@BanklessHQ released their newest Weekly Rollup episode, going over several dozen key stories from the last week in crypto:
-@Ceazor7 released a very thorough video breaking down @Timeless_Fi:
-Excellent video from @blocmatesdotcom featuring @jediblocmates, @noahseidman, and @ubenjammin2:
-Parting wisdom from @dunleavy89:
Conclusion
Have a great Sunday fellow degens!
And please RT/follow/etc if you found this interesting! :)
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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!
You can also use it for easy dca’ing as well as non-kyc fiat onboarding via their integration with Mt Pelerin!