Happy Thursday degens! Never a dull day in crypto!
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: $1,930.80
Oil (WTI): $68.44
Stocks (from @News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Big news from the Chads at @Equilibriafi, who are launching their $EQB Nitro Pool on @CamelotDex!
They also have voting starting on Monday (see second tweet below!)
As background, Equilibria is an LSD governance aggregator that just launched, primarily focused right now on @Pendle_fi and the #PendleWars, that we’ve been helping raise awareness about…
The gents 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 and check out the below announcements!
Biggest TVL Movers + Else
Chains are extremely red today. Only green among top 30 chains is zkSync Era at +49.57% on the monthly and Gnosis (#26) at +3.71% on the weekly.
Protocols are also extremely red today. Biggest gainer on the weekly among top 100 protocols is Ondo Finance (#47) at +26.89%, and biggest loser is Alpaca Finance (#40) at -41.38%.
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!)
-A new/newish L1 called @DioneProtocol. Twitter bio states “Dione is a revolutionary L1 blockchain in development enabling renewable energy trade, developed by the best minds in crypto.”
-Something called @maxi_protocol. Twitter bio states “Maxi Protocol is a community driven asset built-in to enrich Holders and it's security is paramount via Decentralization 🌍💰”.
-Something on Pulsechain called @PascalProtocol. Twitter bio states “First StableSwap protocol on PulseChain, coming soon to Mainnet. We aim to create hyper efficient markets for stablecoins like $USDL, $PXDC and $CST 💎”.
-New project called @boom_fi. Twitter bio states “Making crypto payments and acceptance seamless and effortless for everyone. Paylink, checkout, subscription, and invoice. First $10K free then 1% 💥”. h/t @AresLabs_xyz:
-@eigenlayer has been added by @DefiLlama. Twitter bio states “₁ Shared Security to Hyperscale Ethereum ₂ Join the Restaking Collective”.
-Previously-mentioned @BatonFinance has been added to @DefiLlama. Again, Twitter bio states “NFT yield farming; improving liquidity for NFTs.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ 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)
-The Federal Reserve left interest rates unchanged for the first time in almost 18 months yesterday:
-@MacroAlf on Powell’s accompanying statements:
-Crypto prices dropped precipitously today, with $BTC falling under 25k and $ETH under $1700:
-$USDT’s share of the Curve 3Pool has grown to over 70%, stoking fears about the controversial stablecoin, h/t @tomwanhh:
-Tether CTO @paoloardoino’s response to above:
-@CurveFinance founder’s stablecoin borrowing positions against $CRV collateral is generating intense discussion (sample below but recommend doing additional research if you are interested/concerned):
-Latest real-time data from @truflation:
-@DefiLlama keeps shipping features:
-Bizarre story regarding some company called Prometheum generated intense discussion today:
-Interesting observation from @samkazemian re: Uniswap V4:
-Some interesting thoughts on potential future crypto narratives from @hufhaus9:
-Good thread on Uniswap V4 from @KingJulianIAm:
-New @Blockworks_ interview with Joseph Wang @FedGuy12:
-Latest livestream from crypto + macro gigabrain @noahseidman, discussing the Michael Egorov $CRV collateral situation:
-New video from macro expert @JeffSnider_AIP:
-Parting wisdom from @0xbilly:
Conclusion
Happy Thursday friends and stay alert out there amidst all the craziness!
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.