Happy Tuesday friends! Tons of stuff going on!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter!]
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,932.90
Oil (WTI): $73.44
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention $BTC fans and yield maximalists: @StructFinance is about to release their much anticipated BTC.B-USDC vaults!
As background, @StructFinance is a new protocol we are helping bang the drum about that is unlocking gigabrain structured finance products for defi users to use to maximize their risk-adjusted yields, currently on Avalanche.
As they just announced, they are about to offer users the chance to earn yield via $BTC exposure through their new BTC-USDC Interest Rate Product, made possible from leveraging Avalanche’s BTC.B (Bridged Bitcoin).
You can learn more about Struct via their Twitter account, and check out the excellent thread on them below, from @0xFlips:
Biggest TVL Movers + Else
Chains are mixed today. Top gainer on the weekly among top 30 chains is Pulse (#9) at +6.80%, and biggest loser is Algorand (#26) at -28.01%.
Protocols are mostly green today. Top gainer on the weekly among top 100 protocols is BendDAO (#77) at +43.72%, and biggest loser is Thena (#100) at -16.44%.
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 Dex’s By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation:
(from cryptofees(dot)info)
New Protocols
(note: this includes new defi protocols 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 @InsureaBag. Twitter bio states “A cutting-edge digital asset security and insurance protocol, providing a user-friendly and comprehensive solution”. h/t @DegenCamp:
-New protocol called @operaprotocol. Twitter bio states “A new dao-governed lending protocol for developers on Ethereum.”
-New project called @Lumi_Finance. Twitter bio states “Lumi Finance serves as an investment platform focused on sustainable wealth preservation.” h/t @DegenCamp:
-Another new Linea protocol launching soon called @zkUSD_Official. Twitter bio states “Empowering privacy & stability with zkSNARKs. Join us in revolutionizing decentralized finance. #zkUSD #Web3”. h/t @DegenCamp:
-New Sui protocol called @DegenHive. Twitter bio states “A DeFi powered meta-hive! 🌐🐝💬🌟”. h/t @DegenCamp:
-New project on Radix called @EtherealDAO. Twitter bio states “COMING SOON TO RADIX $XRD | ETHEREAL USD”. h/t @DegenCamp:
-New L1 built on using Cosmos SDK called @selfchainxyz. Twitter bio states “Layer 1 Blockchain Designed for Trustless, Next Generation Private Key Recovery.” h/t @DegenCamp:
Security Alerts
-Peckshield just released alerts regarding an exploit on @Rodeo_Finance (note: this is the same Rodeo Finance we’ve been helping raise awareness about in the Spotlight section so we will be monitoring situation closely and updating as we can):
-@PeckShieldAlert released an alert on @Libertyfi_ being exploited as well:
-@Rabby_io released an alert on the same issue that @RevokeCash did yesterday:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $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)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Former SEC Chairman Jay Clayton made a number of statements on CNBC yesterday that generated intense discussion and were regarded as generally bullish, h/t @DefiantNews and @coinbureau:
-20% of $ETH is now staked, h/t @CryptoWithNick:
-Bond yields rising:
-US 30 year mortgage rates blowing up:
-$JIM is currently the top trending token on @coingecko, followed by $PEPE2, $GALA, $MINA, and $ARB:
-Interesting statement from Bank of America’s recent crypto report, caught by @ryanberckmans:
-Thoughts/TA on altcoins from @MacroCRG:
-Interesting data/chart from @Brentsketit:
-Interesting thread on @MakerDAO $MKR from @TaikiMaeda2’s @HFAresearch:
-Excellent macro thread from @RelfexivityRes:
-Very well-done thread from @CryptoKoryo:
-Another good ‘farms of the month’ thread from @0xMughal:
-Variety of strategic thoughts from @Pentosh1:
-New video from @blocmatescom on the day’s top stories:
-Good new video from @RaoulGMI via Real Vision Crypto:
-Newest livestream on crypto + macro from @noahseidman:
-Positive sentiments c/o @twobitidiot:
-Parting encouragement from @TheFlowHorse:
Conclusion
Happy Tuesday friends and stay alert out there!
Please RT/subscribe/etc if you found this valuable! :)
Note
Periodic reminder to donate to @DefiLlama if you can do so!
This is not sponsored by them or anything - just like to periodically remind folks of the option to do so as we appreciate the immense amount of free data they provide tremendously!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections 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.