Happy Thursday friends! A new month is upon us!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack tweet-embedding function still appears to be broken, so we have screenshotted and hyperlinked them :)
Market Update
Crypto (from @TickerTop and @cryptobubbles24):
Gold: $1,955.60
Oil (WTI): $68.28
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We’re shining a light on some juicy alfa from our friends at @steadefi today :)
As background… Steadefi is an extremely cool protocol on Avalanche and Arbitrum that provides automated risk and position management for stress-free leveraged yield farming, clear risk-off and risk-on tracks, and all sorts of other cool features!
Steadefi currently offers incentivised single-sided $ARB staking for any $ARB Maxis out there not wanting to "LP" their bag (the $ARB Lending Vault has 170%+ APR currently in $esSTEADY!)…
There’s also a 3x Long ARB-ETH Vault that is "ARB in, ARB out" and a great way to stack up more ARB from a combination of real yield + $esSTEADY :)
Biggest TVL Movers + Else
Chains are extremely red today. Only top 50 chains green on both the weekly and monthly are zkSync Era (#19), and Telos (#36).
Protocols are also very red today. Only top 100 protocols green on all three timelines (daily, weekly, and monthly) are Tornado Cash (#29), Lybra Finance (#42), Blur (#49), SashimiSwap (#75), RealT (#80), Pendle (#83), and MatrixDock (#86).
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!)
-New zkSync protocol called @Sobajaswap. Twitter bio states “Pioneers of Account Abstraction🚀 @zkSync Era 🎉Seamless UX just one click on DEX 🔥 Paying fees in any token💫 💸Paymasters 🎉”.
-Something called @Butane_Network. Twitter bio states “Butane Network Powered by ButaneDAO $GAS $BBC @Flamez_io @gas_pad_io #butanenetwork”.
-A new dex on Sui called @bayswap has been added to @DefiLlama. Twitter bio states “Stable & uncorrelated swap. Limit Order, Yield Farming!”
-New Filecoin liquid-staking protocol called @HashMixOfficial has been added to @DefiLlama. Twitter bio states “HashMix is an open staking and lending platform connecting different roles in the crypto industry.”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types minimum $5M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Alert re: @unsheth_xyz from @PeckShieldAlert plus update from @0xWenMoon c/o @leviathan_news:
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The @MultichainOrg saga continues with the team apparently unable to contact the CEO and several lesser-used bridges being shut down, h/t @leviathan_news:
-Canadians apparently migrating to Kraken after Binance and OKX leave country:
-Market expectations re: potential Fed rate hike in June bouncing up and down like crazy:
-May saw 59 exploits totaling just over $16M according to @PeckShieldAlert:
-Total US credit card debt reaches $1T:
-Avalanche alfa from @Flowslikeosmo:
-May saw major outperformance by tech stocks:
-Boolish adoption signage?
-Extremely good macro/crypto adjacent thread from @BackTheBunny:
-Excellent article on @CurveFinance’s new TriCrypto-NG + else from @CurveCap (scroll to bottom tweet in thread for link to full article):
-@theempirepod released a very interesting video with MakerDAO founder @RuneKek:
-Interesting @FlywheelDeFi interview with @CampbellJAustin:
-New video on yield farming thoughts + opportunities from @ThorHartvigsen:
-Parting sentiments from @pythianism:
Conclusion
Happy Thursday good frogs! Let’s get after it this month!
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.