Happy Tuesday friends and happy 4th of July to all our Amerifrogs!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter]
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,923.90
Oil (WTI): $70.24
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The gents at @Equilibriafi keep building up a storm!
Their TVL is now over $29M… and they just introduced the NAV concept to unlocking the intrinsic value of $EQB (with very interesting results!)…
As background, Equilibria is an LSD governance aggregator, primarily focused right now on @Pendle_fi and the #PendleWars, that we’ve been helping raise awareness about.
The Chads at Equilibria are aiming to become the main on-chain LSD governance aggregator long-term, so if you are bullish on LSD-oriented protocols then make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 30 chains down more than 10% on the monthly are BSC (#3), Pulse (#10), Klaytn (#20), Ronin (#23), Algorand (#24), and EOS (#25).
Protocols are mostly green today. Only top 100 protocols down at least 20% on the monthly are PulseX (#31), ParaSpace (#78), and BendDAO (#96).
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:
(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 protocol called @Mori_Finance. Twitter bio states “Next-gen stable asset #DeFi protocol on #ETH Generate low vol stable assets w/o loss by collateralizing ETH Creating asset twins absorbs ETH price fluctuations”.
-New project called @AnyToAnySwap. Twitter bio states “Instant One-Click Any Token ➡️ Any Token Swap. Fast & Decentralized Bridging by @CryptoLink_Tech. Swap Smart - Swap Safe - Swap Any 🔀💜”.
-Something called @luminexio. Twitter bio states “🟨 Safety. Scale. Success. Luminex - the launchpad for the biggest and best.”
-New project on Linea called @pekoprotocol. Twitter bio states “We are PEKO HOMIE! 👊 1st & best non-custodial community-driven Crypto Money Market on Linea | Introducing Dynamic Collateral Factor (DCF)”.
-New protocol on Arbitrum called @LiftedStake. Twitter bio states “A new model of "DEFI Economic engine" on Layer2 Welcome to #LiftedStake, the Decentralized Staking and Options Trading Platform on #Arbitrum. #liftedbit”. h/t @DegenCamp:
-New project called @PheasantNetwork. Twitter bio states “Pheasant Network is an optimistic bridge between Layer 1 and Layer 2s.” h/t @DegenCamp:
-Something new called @HyperbolicETH. Twitter bio states “$HYPE is a 100% on-chain collateralized lending protocol that leverages Uniswap V3 TWAPs, automated variable APRs and protocol fees to support investor yield.” h/t @DegenCamp:
-New project called @oliswap. Twitter bio states “Trade #crypto like a pro with our @0xProject powered swap platform. Fast, secure, and decentralized. Join us now! #DeFi #blockchain”. h/t @DegenCamp:
-New protocol called @ClipFinance. Twitter bio states “LAUNCHING SOON. Infrastructure layer for cross-chain yield products. Clip NFTs: @ClipApexTeam”. h/t @DegenCamp:
-New protocol called @DeumSwap. Twitter bio states “Seamless and Efficient DEX build on Shardeum @Shardeum powerd by @Shardstarter”. Also h/t @DegenCamp - make sure to give him a follow!
-Something new called @Konverter_ on WEMIX chain has been added to @DefiLlama. Twitter bio states “Konverter is a cutting-edge, decentralized exchange designed to offer optimal swaps.”
-Another new protocol on WEMIX chain called @KurrencyFinance has been added to @DefiLlama. Twitter bio states “Kurrency is a collateral-backed crypto dollar service where users can mint, deposit and swap WCD (WEMIX Crypto Dollar)”.
-Previously-mentioned @Protectoratexyz has been added to @DefiLlama. Twitter bio states “The Definitive Liquidity Layer for NFTs. 🪬”.
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)
-The Winklevii vs Barry saga continues:
-Increasing bullposting on the TL as overall crypto market cap now back up to $1.25T:
-Bitcoin ATM company @bitcoin_depot now listed on Nasdaq:
-“NFT bear market” continues to draw attention:
-OPEC to apparently cut oil production more, h/t @KobeissiLetter:
-Interesting Lido update from @tomwanhh:
-Latest US and UK data from Chainlink-powered @truflation:
-$ETH-related thoughts from @santiagoroel:
-Some interesting data + sentiments re: defi from @jake_pahor:
-Extremely well-done macro thread from @krugermacro:
-$WBTC currently the fastest-growing form of collateral for @CurveFinance’s new stablecoin $crvUSD (from an excellent thread + article from @CurveCap):
-Excellent new research piece on $GMX V2 from @DeFi_Mann via @Castle_Cap:
-@BanklessHQ released a new interview with @RaoulGMI:
-Interesting new interview with macro/energy gigabrain @DoombergT from @UMacroPodcast:
-Parting wisdom from @Route2FI:
Conclusion
Happy Tuesday friends! Let’s get after it!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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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.