Happy Sunday and Happy Father’s Day friends!
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: $1,958.20
Oil (WTI): $71.78
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We are helping spread the good word about an extremely cool new protocol called @StructFinance!
They are building on Avalanche and unlocking gigabrain structured products for defi users to use to maximize their risk-adjusted yields…
One of the first protocols they are building upon is @GMX_IO and its GLP vaults, where they have created a novel tranche-based system, taking one of the better mechanisms from the tradfi derivatives world and applying it to defi!
Their protocol just launched so make sure to visit their site here to check out the incentivized vaults, high apr’s, and general Chadish vibes!
Many more big updates to come from the Struct team so make sure to follow them on Twitter too and check out the below tweet on their inaugural $USDC vault!
Biggest TVL Movers + Else
Chains are mostly green today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Pulse (#9), DeFiChain (#12), and Gnosis (#25).
Protocols are mostly red today. Top 100 protocols down at least 25% on the monthly include BiSwap (#58), Chronos (#89), Wombat Exchange (#96), and Algofi (#100).
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 Stablecoins By Market Cap (from @coingecko:
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!)
-New protocol on Arbitrum called @GNLProtocol. Twitter bio states “Lending Protocol for concentrated liquidity LP positions. Built on top of @GNDProtocol. Coming soon to @arbitrum.” h/t @AresLabs_xyz:
-New project called @Aegis_finance. Twitter bio states “Aegis Finance is bringing privacy to @Osmosiszone A multi-asset anti money laundering shielded account for private trade, LP, and staking by @Tetration_Lab”. h/t @AresLabs_xyz:
-Something new called @on_concordia. Twitter bio states “Multi-chain risk and collateral management protocol | Backed by @Aptos_network | Check out our live testnet!” h/t @AresLabs_xyz:
-Previously-mentioned @Mono_Lend has been added to @DefiLlama. Again, Twitter bio states “MonoLend is the lending market platform on Polygon, home of $MLD token: deposit collateral and farm WBTC WETH and stables.”
-Previously-mentioned @PearlFi_ has been added to @DefiLlama. Again, Twitter bio states “Polygon's premiere ve(3,3) exchange with deep liquidity for tokenized RWAs and premium digital assets.”
Security Alerts
-@MidasCapitalxyz was apparently exploited today:
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)
-Binance US and the SEC have apparently agreed upon an order securing US customer assets. Here is a tweet on it that CZ retweeted, from @MetaLawMan:
-The Japanese stock market is at its highest level since 1990:
-Crypto still seeing significant outflows, h/t @dunleavy89:
-Resumption of student loan payments in the US (that were paused during Covid) is generating intense discussion:
-Interesting analysis from @alpha_pls:
-Miami mayor and noted crypto proponent Frances Suarez is apparently entering the US presidential race:
-Interesting historic data on debt to gdp levels in US from @charliebilello:
-Good thread from @Deebs_DeFi going over the defi ecosystems of 6 of the top L1’s/L2’s:
-Excellent new article from Arthur Hayes @CryptoHayes:
-Good week in review thread from @0xSalazar:
-Excellent weekly roundup video from @Blockworks_ featuring @MarkYusko and @MikeIppolito_:
-Parting wisdom from @milesdeutscher:
Conclusion
Happy Sunday 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.