Happy Thursday good frogs! Lots 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: $1,957.90
Oil (WTI): $75.94
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important announcement from @StructFinance - their much anticipated BTC.B-USDC vaults are now live!
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.
They now offer users the chance to earn yield via $BTC exposure through their new tranche-based BTC-USDC Vaults, made possible from leveraging Avalanche’s BTC.B (Bridged Bitcoin)…
Make sure to follow the Struct Twitter account for more updates, and check out the below tweet on them from @luigidemeo + thread from @Flowslikeosmo!
Biggest TVL Movers + Else
Chains are mixed today. Top 3 fastest-growing chains on the weekly with at least $1M TVL are Bifrost at +37.19% and $1.69M TVL, Starknet at +15.91% and $18.02M TVL, and Conflux at +14.65% and $25.54M TVL.
Protocols are very red today. Top 3 fastest-growing protocols on the weekly with at least $1M TVL are EigenLayer at +356% and $87.58M TVL, Arkadiko (CDP on Stacks) at +317% and $5.95M TVL, and stUSDT (listed as RWA on Tron) at +307% and $213.89M TVL.
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 Chains By 7 Day Dex 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!)
-New project called @u_protocol. Twitter bio states “The omnichain value-anchored asset creation protocol. Starting with $U and $uBTC - immutable and omnichain value-anchored assets solely backed by $wstETH.”
-New protocol called @vmexfinance. Twitter bio states “Bringing open, permissionless, and responsible liquidity markets to DeFi.”
-New “automated airdrop farming tool” called @Horizon_win. Twitter bio states “Best Farming tool for Airdrop”. h/t @DeFi_Made_Here:
-Something new called @sorbet_xyz. Twitter bio states “the next big thing in consumer crypto”. h/t @AresLabs_xyz:
-Something new called @zkPhantazm. Twitter bio states “We are building a novel lending market, powered by @Balancer and @aaveaave built on @0xpolygonlabs zkEVM”. h/t @AresLabs_xyz:
-Something new being built called @alluvialfinance. Twitter bio states “Building the enterprise-grade liquid staking standard: @liquid_col”. h/t @AresLabs_xyz:
-Something new called @hope_ecosystem has been added to @DefiLlama. Twitter bio states “All-in-one #DeFi ecosystem featuring crypto-native distributed #stablecoin $HOPE.”
Security Alerts
-Updates from @Platypusdefi re: yesterday’s security alert:
-Very thorough breakdown of the @Rodeo_Finance exploit, from @immunefi:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ 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)
-Yesterday’s CPI (inflation) report came in slightly under expectations, at 3.0%:
-Google Play announces they will allow developers to incorporate digital assets into games/apps in the Play Store apparently, h/t @DegenerateNews:
-Gary Gensler was asked about the Bitcoin ETF applications today in relation to Coinbase and made some statements that were not regarded as particularly bullish:
-Data from @DylanLeClair_ that’s quite interesting if accurate:
-US government moving $BTC around (presumably in preparation to sell):
-Interesting tweets re: Terra selling Convex tokens, c/o @iamllanero and @JasonHitchcock:
-Thoughts/synopsis on current narratives, c/o @thedefivillain:
-@TeamUnibot continues to get lots of attention, with @coingecko co-founder @bobbyong tweeting about it yesterday:
-Excellent thread on the current yield curve inversion in US bond markets from @krugermacro:
-Good thread from @crypthoem of smaller alfa-packed defi-focused Twitter accounts to follow:
-Timeless fatalistic-bullishness from @GCRClassic, c/o @cole0x:
-@FlywheelDeFi released a new interview with @phtevenstrong and the team from Sommelier Finance:
-New interview of famous ‘Fourth Turning’ co-author Neil Howe from WTFinance @AnthonyFatseas:
-New livestream from @leviathan_news featuring @traders_insight, @CurveCap, and @DAdvisoor going over all the top stories in defi:
-Parting wisdom c/o @MikeAbundo:
Conclusion
Happy Thursday friends!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ section is the only part of The Daily Degen that is 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.