The Daily Degen - July 20th, 2023
All of today's news/data/alerts...
Happy Thursday friends! Let’s get after it!
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: $1,977.30
Oil (WTI): $75.45
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention leveragoors and yield maximalists: The team at @stellaxyz_ has been birthing all sorts of opportunities you’ll want to take a look at!
Now on Arbitrum, @stellaxyz_ is a leveraged strategies protocol that should be of intense interest to hardcore degens everywhere… with an extremely interesting product that will appeal to leverage-enthusiasts and lenders alike!
To quote them directly…
“At Stella, users can take leverage on supported DeFi strategies without paying any borrowing cost. Lenders can earn real yield shared from the borrowers as a lending APY, the more the borrowers get, the more the lenders earn. Users can access on-chain leveraged strategies with 0% cost to borrow that have high yield potential and capital efficiency.”
We’ll be helping raise awareness about everything the team at Stella is up to, so make sure to follow them on Twitter, and check out their latest update below!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains up at least 30% on the monthly include Solana (#11), Cardano (#15), and MultiversX (#20).
Protocols are mixed today as well. Only top 100 protocols red on all three timelines (daily, weekly, monthly) include MakerDAO (#3), Sushi (#22), and Coinwind (#39).
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 Stablecoin Inflow % (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation:
(h/t @DefiLlama)
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 zkSync protocol called @CrusSwap. Twitter bio states “Crus is a #DEX with flexible liquidity management and optimized trading paths for increased capital efficiency and reduced slippage.”
-Something new called @ProtocolUkiyo. Twitter bio states “Leveraging composability on $ETH”.
-New protocol on Arbitrum called @HyperseaDex. Twitter bio states “New generation DEX | Building on #Arbitrum”.
-Newish protocol called @EnneadFarm has been added to @DefiLlama (listed as Arbitrum + Avax). Twitter bio states “The go-to yield optimizer solution for Solidly forks. $neadRAM / #Arbitrum $neadSNEK / #Avax”.
-New protocol called @LineaBank has been added to @DefiLlama. Twitter bio states “A money market on @LineaBuild... ♋️ $LAB... Yield Boosting & Revenue Sharing & Auto Buyback systems.”
-New @0xMantle protocol called @MantleSwap has been added to @DefiLlama. Twitter bio states “• Premier dex on #mantle network • Discover #DeFi with MantleSwap • Trade at lightning-fast speeds with near-zero gas fees”.
-New @LineaBuild protocol called @SwirlLend has been added to @DefiLlama. Twitter bio states “Building a native Money Market on @LineaBuild”.
-Previously-mentioned @Echo_DEX has been added to @DefiLlama. Twitter bio states “The first DEX on @LineaBuild, the zkEVMnet by @Consensys Testnet now is live..."
-Previously-mentioned @horizondex_io has been added to @DefiLlama. Twitter bio states “HorizonDEX is the First Concentrated Liquidity DEX on @LineaBuild ∎ Mainnet is live ∎ ⚔️ Join the Voyage..."
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) 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)
-US government interest expense now greater than military budget, h/t @TaviCosta:
-Grayscale Bitcoin Trust discount to NAV now down to 25%:
-@coingecko has added a new category for ‘Telegram Bot’ tokens, as the trading bot narrative continues to generate attention, h/t @bobbyong:
-Bitcoin miners having a great year, h/t @JoeConsorti:
-Fantom TVL now down 99% from peak, h/t @jake_pahor:
-Interesting data on top 10 cex’s by spot trading volume c/o @coingecko:
-Very interesting US real estate chart from @BiancoResearch (click tweet to see rest of thread with more interesting data):
-Interesting stat c/o @dunleavy89:
-OG Fantom dex @SpookySwap to apparently go multi-chain:
-Excellent thread from @Dynamo_Patrick on the burgeoning ‘Trading Bot’ narrative:
-Good thread from @arndxt_xo on account-abstraction:
-Interesting thread from @PauloMacro for our most hardcore macro fans:
-@CoinDesk posted an interesting video of Gary Gensler getting grilled about FTX before Congress this week:
-Interesting new video from @FlywheelDeFi interviewing Ryon Nixon on crypto legal structuring:
-Excellent new macro video from Wealthion:
-New livestream from @leviathan_news featuring @traders_insight, @DAdvisoor, and a guest appearance from @ChainLinkGod:
-Parting wisdom from @redphonecrypto:
Conclusion
Happy Thursday degens! Stay alert out there!
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.