Happy Friday degens! Lots 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: $1,914.60
Oil (WTI): $68.97
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
@StructFinance is a new protocol we are helping build awareness about that is building on Avalanche and unlocking gigabrain structured finance products for defi users to use to maximize their risk-adjusted yields!
They just outlined the vision for what they are building via a well-crafted press release (see @CoinDesk below!). As it states:
Struct Finance… has released its interest rate vault and ‘tranching’ mechanism. The firm will include different tokens, tokenized derivatives, vaults, pools in a permissionless manner to craft new products tailored to the investor’s risk appetite… “The new interest rate products allow anyone to split and repackage the risk of any yield-bearing DeFi assets in different parts to fit their risk profile through an innovative process called ‘tranching’…”
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/article to learn more!
Biggest TVL Movers + Else
Chains are quite red today. Top 50 chains up at least 20% on the weekly include Pulse (#9), Polygon zkEVM (#39), Stacks (#40), and Conflux (#42).
Protocols are also quite red today. Some notables includes Lybra Finance (#39) at +97.25% on the monthly, BiSwap (#60) at -35.02% on the monthly, Pendle (#61) at +43.58% on the monthly, Sashimiswap (#68) at +305% on the monthly, and SyncSwap (#89) at +46.83% on the monthly, and Chronos (#93) at -50.22% on the monthly.
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 called @PreonFinance. Twitter bio states “Preon is a state-of-the-art decentralized lending protocol built on Arbitrum, allowing users to borrow up against their portfolio.” h/t @TheDeFiSaint:
-New protocol called @Swapverse_. Twitter bio states “Unlocking seamless cross-chain swaps & interoperability across multiple chains”. h/t @Axel_bitblaze69:
-Something new called @PontoonFi. Twitter bio states “Cross-Chain liquidity mirror protocol”.
-Something that appears to be connected to or building upon @RDNTCapital called @RadiateProtocol. Twitter bio states “Earn boosted yield on Radiant with no lockups!”
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)
-Lot of talk going on about both $TUSD and Prime Trust… samples below but recommend doing further research on subject if interested/concerned:
-$PEPE making gains/headlines again:
-Powell espousing some hawkishness:
-Powell also says Fed may raise capital requirements for big banks by 20%
-Commentary on above from @LukeGromen:
-Noted Optimism dex @VelodromeFi is launching its V2, here’s a thread on it from @veZoey33:
-Bank of England raises rates by 50 bps:
-Lot of talk about BAYC’s being sold on the TL:
-Some bullish talk re: adoption c/o Blackrock c/o @TheBlock_:
-Huge $crvUSD Q&A thread + article from @CurveCap:
-@1MarkMoss released a new interview on macro + Bitcoin with @PrestonPysh:
-Interesting @BanklessHQ interview with @CampbellJAustin:
-New episode of NFA Live featuring @coinbureau, Rob from Digital Asset News, and Benjamin Cowen @intocryptoverse:
-Parting wisdom from @milesdeutscher:
Conclusion
Happy Friday lads and ladettes! Stay alert out there!
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.