Happy Monday friends! Big week ahead of us!
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,959.30
Oil (WTI): $69.13
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
@Rodeo_Finance’s TVL just keeps climbing!
As background, @Rodeo_Finance is a new leveraged yield protocol that plans to build on top of all the top Arbitrum defi protocols you know and love, giving discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
Rodeo is also going to be releasing their $RDO token in June via @Camelot_Dex, and we are going to be helping bang the drum about what they’ve been building!
If you are a yield maximizoor make sure to check out their site, as well as their ongoing liquidity mining program via the tweet below!
Biggest TVL Movers + Else
Chains are mixed today. Fastest-growing chains on the weekly with at least $1M TVL are Ton at +60.88% and $18.9M TVL, ThunderCore at +57.53% and $3.2M TVL, and Persistence at +35.81% and $2.5M TVL.
Protocols are mostly red today. Fastest-growing protocols on the weekly with at least $1M TVL are CDP protocol Raft on ETH Mainnet at +3,214% and $38.8M TVL, Arbitrum yield protocol Rodeo Finance at +2,546% and $1.4M TVL, and Ton dex DeDust at +271% and $5.1M 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 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 @aerodromefi. Twitter bio states “The central trading and liquidity marketplace on @BuildOnBase.” h/t @AresLabs_xyz:
-New synthetics protocol on @0xMantle called @ReaxFinance. Twitter bio states “Synthetics Protocol on @0xMantle // Trade Crypto, Stocks, Forex, Commodities and more with Zero Slippage”. h/t @AresLabs_xyz:
-Something new called @shogunfi. Twitter bio states “Powering the future of interchain market-making // Sovereign Optimistic Roll-up // Built on Cosmos SDK and Celestia”. h/t @AresLabs_xyz:
-New project called @jpvge. Twitter bio states “Make any ERC-721 NFT up to 80% more cost-efficient with J.Page Overlay, a rent-free public good - the first of many from J.Page.” h/t @AresLabs_xyz:
-Something new on Ergo chain called @LiliumErgo. Twitter bio states “Decentralized Token Minting and Sales Platform for Ergo Blockchain”.
Security Alerts
-@SturdyFinance apparently suffered a hack today, h/t @peckshield:
-@peckshield released the following alert as well:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Big week in macro, with latest CPI (inflation) report coming out on Tuesday, and latest FOMC meeting (Fed Rate hike decision) happening Wednesday:
-Consensus estimate on coming CPI (inflation) print is apparently 4.1%:
-$BNB on BSC lending protocol @VenusProtocol that is very close to liquidation levels has been generating intense discussion. Situation seems complicated but here is a tweet on it from @PeckShieldAlert, would highly recommend doing additional research on the topic if worried about/interested in it though:
-Interesting chart of all the tokens the SEC has apparently deemed securities, from @dunleavy89:
-Lot of discussion re: possibility of DOJ charges against Binance, especially among crypto-skeptics, here’s a more wholesome example c/o @Pentosh1:
-Latest real-time inflation data from @truflation:
-More thoughts from @cobie:
-@CryptoHayes apparently buying $GMX again, now at $9.1M in $GMX in total, h/t @lookonchain:
-Excellent illustration re: historic dex volumes c/o @tokenterminal:
-Some interesting stats from @noahseidman:
-Excellent thread from @0xSalazar:
-Interesting story c/o @nero_eth c/o @leviathan_news:
-New interview with macro expert @LynAldenContact, from @AnthonyFatseas:
-New interview with gigabrain macro investor @hkuppy:
-Parting wisdom c/o @cburniske:
Conclusion
Have a great Monday 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.