Happy Wednesday and happy Fed Day degens!
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: $1,969.40
Oil (WTI): $79.45
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The gents at @StructFinance keep making waves and TVL is surging!
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 video about them from the great @TaikiMaeda2!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 30 chains is EOS (#22) at +6.08%, biggest loser is zkSync Era (#16) at -8.92%.
Protocols are mixed today as well. Biggest gainer on the weekly among top 100 protocols is Flexa (#96) (listed as Payments Protocol on Eth Mainnet) at +37.92%, and biggest loser is Marinade Finance (#49) (listed as Liquid Staking protocol on Solana) at -9.72%.
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 NFT Platforms 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!)
-New project called @ConcentricFi. Twitter bio states “Unlocking the full potential of Camelot V3 on #Arbitrum with cutting edge liquidity management strategies #RealYield”.
-Something new called @LOOPER_LSDFi. Twitter bio states “A decentralized protocol that aims to offer an easy-to-use solution for holders of LSD ETH to enhance their LSD yield exposures.”
-New project called @poleisfinance. Twitter bio states “All encompassing defi ecosystem”.
-New Starknet protocol called @gardfinance. Twitter bio states “Gard Finance is a Starknet DeFi protocol to interact with L1 DeFi protocols in a gas efficient manner.” h/t @AresLabs_xyz:
-New project called @Codex_fi. Twitter bio states “Boosting Layer for Bunni. Earn more as a $cdxLIT holder and LP with max boost. @root_genesis Lab. Powered by @Timeless_Fi.” h/t @AresLabs_xyz:
-Something new called @EX3_finance. Twitter bio states “Discover the Power of Defi. One Platform, Endless Opportunities...” h/t @DefiRaiders:
-New project called @dyadexchange. Twitter bio states “A permissionless bond exchange and credit registrar”. h/t @DegenCamp:
-New project called @adneoxyz. Twitter bio states “A decentralized structured product protocol on Ethereum”. h/t @DegenCamp:
-New project on Linea called @tifotrade. Twitter bio states “Decentralised Perpetual Exchange. Built on the @LineaBuild, based on the Ve(3,3) model.” h/t @DegenCamp:
-New project called @Locus_finance. Twitter bio states “Decentralized asset management powerhouse. Optimizing yields, simplifying DeFi strategies, and leading the charge in tokenized, yield-bearing vaults”. h/t @DegenCamp:
-Something new on Mantle called @Agnidex. Twitter bio states “AMM-based DEX and launchpad built on Mantle Network.” h/t @DegenCamp:
-Something new called @twinstake_io. Twitter bio states “Twinstake is an institutional-grade, non-custodial staking provider designed and built in collaboration with leaders in the digital assets space.” h/t @DegenCamp:
-New protocol building on @BuildOnBase (Coinbase’s new L2) called @voidexchange. Twitter bio states “Decentralized perpetual exchange on @BuildOnBase Layer 2 chain. Fast, efficient and permissionless. Seamless trading experience with low fees, zero slippage.” h/t @DegenCamp:
-Something called @TruFinProtocol has been added to @DefiLlama. Twitter bio states “A defi protocol providing institutional grade access to blockchains”.
-New MultiversX protocol called @JewelSwapX has been added to @DefiLlama. Twitter bio states “First Peer-to-pool NFT Lending Protocol, AMM marketplace, Leveraged Yield Farming, $ASH & $EGLD Liquid Staking on #MultiversX”.
-New protocol on Mantle called @Jadeswapdex has been added to @DefiLlama. Twitter bio states “Decentralized Exchange for Trading, Automated Liquidity, Farming and More on #Mantle Network. $JADE | $MNT”.
Security Alerts
-@Era_Lend on zkSync was apparently exploited for $2.7M:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-FOMC Meeting (Fed rate hike decision) today at 6:00 PM UTC, with market pricing in a consensus that Fed will hike:
-$USDT currently accounts for 66% of crypto stablecoin market cap:
-Binance announcement generated a lot of attention today:
-Avalanche announces a $50M RWA initiative:
-US banking story generated a lot of discussion today:
-Interesting Bitcoin chart from @zerototom:
-Macro data/thoughts from @TimmerFidelity:
-Thoughts on stablecoins from @santiagoroel:
-Bullish Coinbase thread from @Ishanb22:
-Another huge thread by @concodanomics for our biggest macro fans:
-Excellent thread from @phtevenstrong about various crypto arbitrage opportunities:
-Wisdom from @redphonecrypto:
-New interview with macro gigabrain @LynAldenContact from @JasonEBurack:
-@Unchained_pod interview with @cburniske and @jmonegro:
-New @BanklessHQ interview with Polygon founders @sandeepnailwal and @MihailoBjelic:
-Good new interview with macro expert and defi-evangelist Jim Bianco @BiancoResearch:
-Parting wholesomeness from @DeFiHashira:
Conclusion
Have a great Wednesday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable! :)
-
-
***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.