The Daily Degen - June 29th, 2023
Happy Thursday degens! This eventful week continues!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
[Note: As always all tweets are hyperlinked so just click on them to pull them up on Twitter]
Market Update
Crypto (from @cryptobubbles24):
Gold: $1,907.40
Oil (WTI): $69.38
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Two more days until the @Rodeo_Finance public sale… now scheduled for June 30th on @CamelotDEX!
If you aren’t familiar with them, @Rodeo_Finance is a new leveraged yield project building on top of all the top Arbitrum defi protocols (such as Pendle, Trader Joe, etc!), giving discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
The Rodeo site is already live and users are earning yield right now, so make sure to check it out, and follow them on Twitter for more updates!
Here is an excellent thread they just published explaining their protocol and everything they’ve been working on these last 6 months:
Biggest TVL Movers + Else
Chains are all quite red today. Only top 30 chains green on the weekly are Bitcoin (#14), zkSync Era (#16), and MultiversX (#29).
Protocols are also quite red today. Only top 50 protocols green on the weekly include JustStables (#13), GMX (#18), Stargate (#23), Synthetix (#25), Radiant (#31), Abracadabra (#31), Lybra Finance (#38), and Parallel Defi Superapp (#41).
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!)
-New Ordinals-oriented project called @BTC_Degens. Twitter bio states “Official BTC Degens account by @UnderworldsNFT. 150 Degens incribed forever on #Bitcoin.” h/t @RibbitNews:
-New project on BSC called @kinzafinance has been added to @DefiLlama. Twitter bio states “A security-first lending protocol on @BNBCHAIN with ve-Real-Yield tokenomics.”
-Something new on Solana called @ellipsis_labs has been added to DefiLlama. Description states “High throughput blockchains have enabled the creation of new financial primitives. Ellipsis Labs is building Phoenix, a decentralized limit order book on Solana that is fully on-chain, non-custodial, and crankless.”
Security Alerts
-@PeckShieldAlert released the following alert:
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)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Michael Saylor and MicroStrategy announced recent Bitcoin buys:
-Jerome Powell made some interesting statements yesterday:
-Coinbase’s stock has completely retraced its post-SEC lawsuit announcement dump, from an excellent thread of interesting charts from @0xjaypeg:
-Compound-founder @rleshner announced the formation of a new company called @superstatefunds:
-Some sobering stats on US student loans (data from @MorganStanley):
-Current US and UK inflation data from Chainlink-powered @truflation:
-Fatalistic-bullishness from @jediblocmates:
-Extremely good interview with Mike Green @profplum99 from Wealthion @menlobear:
-@Ceazor7 released a good explainer of the $crvUSD stablecoin:
-Good macro interview with @donnelly_brent from @RealVision:
-@FlywheelDeFi released an interview with Synthetix founder Kain Warwick @kaiynne:
-Parting wisdom from @thedefiedge and @punk6529:
Conclusion
Happy Thursday friends! 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.