Happy Tuesday friends! Tons of stuff going on!
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: $1,962.20
Oil (WTI): $67.52
Stocks (from @News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
The gents at @Rodeo_Finance keep shipping!
If you aren’t familiar with them, @Rodeo_Finance is a new leveraged yield protocol that plans to build on top of all the top Arbitrum defi protocols, giving discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
They have a big week coming up, with new partnership announcements, their community-led seed round (taking place today!), continuation of their liquidity mining program, new Pendle and Trader Joe pools, and more!
Check out their in-depth thread below for all the details!
Biggest TVL Movers + Else
Chains are mostly green today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are zkSync Era (#17), Polygon zkEVM (#42), Ton (#49), and Secret (#50).
Protocols are mostly green today as well. Only top 100 protocols green on all three timelines (daily, weekly, monthly) are Morpho (#25), Ondo Finance (#49), Conic Finance (#51), DeFiChain Loans (#64), RealT (#71), UwU Lend (#81), Tranchess (#84), Kava Mint (#86), and SyncSwap (#89).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
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/newish called @Manta_DAO. Twitter bio states “Decentralized DeFi Hub Powered by Kujira”.
-New protocol on Arbitrum called @chinchin_fi. Twitter bio states “A new (3, 3) protocol protects the adorable Chinchilla from extinction #Arbitrum Make (3,3) great again🚀🚀🚀”.
-Something new called @BoostEX_ETH. Twitter bio states “Revolutionizing Crypto Trading with Cutting-Edge, Decentralized Technology.”
-Previously-mentioned @Athena_DeFi_ has been added to @DefiLlama. Again, Twitter bio states “Boost your #DeFi yield on METIS”.
-Previously-mentioned @Kannagi_Zksync has been added to @DefiLlama. Again, Twitter bio states “Kannagi finance is the optimized yield #Web3 aggregator on #ZKsync”.
Security Alerts
-Update on @SturdyFinance situation, h/t @pgpsam:
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)
-CPI report coming out today, and FOMC meeting (interest rate hike decision) tomorrow:
-Current consensus CPI estimate is 4.1%:
-@truflation estimating CPI comes in at 4.2%:
-Lot of discussion the last couple days re: stablecoin $TUSD, sample from @adamscochran:
-Update on regulatory front, h/t @iampaulgrewal:
-Thoughts from @Sassal0x:
-Binance update c/o @WuBlockchain:
-Some unlocks alfa c/o @Dynamo_Patrick:
-eToro also delisting several tokens:
-Interesting chart of LSD growth the last three months c/o @Flowslikeosmo:
-Thoughts from @CryptoKaleo:
-Excellent new thread + Substack article from @CurveCap:
-Part one of a new interview with macro/energy gigabrain @DoombergT:
-Newest livestream from @leviathan_news going over all the top stories in crypto, featuring @traders_insight, @SalomonCrypto, @DAdvisoor, and @CurveCap:
-Parting sentiments c/o @SmolBullXBT:
Conclusion
Have a great Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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Note
As always, we are huge fans of @DefiLlama and the amazing data they provide free of charge which we use everyday in this newsletter!
If you have the ability to do so, consider donating to support their incredible work!
(note: this is not sponsored or anything - just like to bang the drum for donations for them sometimes!)
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***Note On Material: The ‘Spotlight’ section and (sometimes) ‘Note’ section 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.