Happy Saturday friends! Lots of interesting 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: $1,920.20
Oil (WTI): $69.16
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Big news from the gents at @steadefi - which is now the first protocol to offer both delta-neutral and delta-one GLP strategy vaults via @GMX_IO on both Arbitrum and Avalanche!
As background, Steadefi is an extremely cool protocol we’re helping raise awareness about that provides a wide selection of yield strategies, automated risk and position management for stress-free leveraged yield farming, and also clear risk-off and risk-on tracks with transparent data on ROI…
They just crossed $1M in TVL, and their token launch is coming later this summer, so make sure to follow their Twitter account and check out the thread on their GLP vaults by clicking below!
Biggest TVL Movers + Else
Chains are mostly green today. Top 50 chains down at least 20% on the monthly include BSC (#3), Pulse (#9), Canto (#33), Telos (#41), Acala (#47), and Injective (#50).
Protocols are also mostly green today. Top 100 protocols down at least 20% on the monthly include Alpaca Finance (#46), BiSwap (#60), Hop Protocol (#86), and Chronos (#99).
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):
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 @backlash_fi. Twitter bio states “Gearing up loan derivatives infrastructure, starting with bond acquisition ⚙️”.
-New project called @KiboProtocol. Twitter bio states “More DeFi Options. Better Rewards. Your World For Borderless Options Trading With Fair Pricing and Better Rewards.”
-New project called @EonianFinance. Twitter bio states “Eonian Finance #Realyield building on #BSC. Join us on our journey as we revolutionize the way you earn, invest, and grow your digital assets.”
Security Alerts
-@PeckShieldAlert released the following alert re: @ShidoGlobal:
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)
-Bitcoin hit a one year high yesterday:
-A leveraged futures Bitcoin ETF has apparently gotten approval in the US:
-Alfa from @Dynamo_Patrick?
-Interesting macro chart from @TaviCosta:
-Sentiments c/o @blknoiz6:
-Coinbase gets win at Supreme Court (though not re: recent SEC stuff - something different):
-The UK doing all sorts of creative stuff to fend off a residential real estate crisis:
-Excellent thread analyzing current market conditions, from @DeFiMann:
-Very well done thread on $UNIBOT- which has been getting intense attention lately- as well as ‘Telegram bot’ tokens in general, h/t @francesocoweb3:
-Good thread on the Prime Trust situation from @ramahluwalia:
-Excellent new interview from @Blockworks_ for our hardcore macro fans:
-New roundtable discussion from @thebellcurvepod featuring @MikeIppolito_, @pythianism, @im_manderson, and @JasonYanowitz discussing all the top stories in crypto:
-Parting sentiments c/o @hufhaus9:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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https://gmx.io/?ref=thedailydegen
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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.