Happy Monday good frogs! Another big week ahead of us! :)
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: $1,925.40
Oil (WTI): $69.34
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The good gents at @staderlabs_eth have released their new $ETHx pledge!
It states: "With ETHx, we pledge to keep Ethereum decentralized by building a liquid staking solution that is accessible, reliable and rewarding."
You can read the rest of the pledge and associated blog post by clicking here or on the tweet below!
As background, @staderlabs_eth is an LSDfi protocol, and their new innovation $ETHx is a decentralized and scalable liquid-staking derivative that their team has developed!
Again click below to learn more and make sure to follow them on Twitter too!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 protocols up at least 15% on the weekly include Bitcoin (#15), Cardano (#18), Algorand (#21), Ronin (#24), and EOS (#25).
Protocols are mostly red today. Top 100 protocols up at least 15% on the weekly include Synthetix (#24), Lybra Finance (#38), Blur (#43), Lightning Network (#44), Kava Lend (#60), Marinade Finance (#62), MatrixDock (#79), Kava Earn (#91), Kava Liquid (#92), and Raft (#98).
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 Chains By 7 Day Stablecoin Inflows (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 project called @Sharp_Labs. Twitter bio states “We build DeFi Structured products. Verfied by #NAV, Enlisted on #Arbitrum.” h/t @GarrettZ:
-New protocol called @flashfloworg. Twitter bio states “Utilizing flash loans and accessing $10B in liquidity for decentralized margin trading on #BNB Chain, #Polygon, and #ETH”. Also h/t @GarrettZ:
-New project called @ChronicleLabs. Twitter bio states “Verifiable #data for a decentralized future - Powering @MakerDAO. Scalable | Cost-Efficient | Accessible | Transparent | #Oracles. Launch #Soon.”
-New protocol called @Aark_Digital. Twitter bio states “Revolutionize your trading experience with Aark Digital. We create the future of decentralized derivatives exchange.”
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)
-Macro schedule/highlights for the week ahead, c/o @_FabianHD:
-A number of OG defi coins pumped yesterday, generating a lot of discussion, h/t @milesdeutscher and @TaikiMaeda2:
-Highest weekly close of the year for $BTC, h/t @WClementeIII:
-Interesting tweet re: US auto industry:
-List of 10 tokens @BanklessHQ’s research team thinks may survive and thrive in the next bull market, h/t @_10delta_:
-% of $ETH staked now at 19.52%, from an excellent thread from @KopremesisE on weekly liquid-staking stats that is well worth reading in full:
-Interesting stats on historic Bitcoin returns, from @charliebilello:
-Good thread from Aave founder @StaniKulechov:
-More stats from burgeoning US commercial real estate crisis:
-Great thread of crypto-focused Twitter accounts to follow, from @Deebs_DeFi:
-The contrarian bull case from @bulltrapper0:
-Newest episode of Milkshakes Markets Madness from Brent Johnson @SantiagoAuFund:
-Parting wisdom from @cburniske and @alphs_pls:
Conclusion
Happy Monday 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.
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