Happy Sunday frogs! Tradfi markets closed but crypto never sleeps! :)
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: $1,947.50
Oil (WTI): $71.74
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention LSD fans - did you know Rodeo Finance can accept as collateral for leverage any LSD (if sufficiently liquid on Arbitrum)? And are on track to index multiple LSDs and/or their derivatives as their indexes, allowing users to further lever up on those same indexes?
As background, @Rodeo_Finance is a new leveraged yield protocol that plans to build on top of all the top Arbitrum defi protocols you know and love, giving discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
Rodeo is also going to be releasing their $RDO token in June via @Camelot_Dex, and we are going to be helping bang the drum about what they’ve been building!
Here is a great thread they recently published with more info on what they are doing re: LSD’s:
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains green on all three timelines (daily, weekly, monthly) include zkSync Era (#18) and Ronin (#24). Top 30 chains red on all three timelines (daily, weekly, monthly) include BSC (#3), Arbitrum (#4), Avalanche (#7), Cronos (#10), and Fantom (#14).
Protocols are mixed today as well. Top 60 protocols green on all three timelines (daily, weekly, monthly) include Rocket Pool (#12), Frax Finance (#15), Blur (#48), and Marinade Finance (#60). Top 60 protocols red on all three timelines (daily, weekly, monthly) include MakerDAO (#2), Curve (#4), JustLend (#6), Convex (#7), GMX (#19), Aura (#20), Stargate (#24), Morpho (#28), Beefy (#30), Coinwind (#39), BiSwap (#44), VVS Finance (#47), Quickswap (#50), Lightning Network (#52), Pando (#54), and Tectonic (#58).
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 @Multibit_Bridge. Twitter bio states “Unlocking liquidity for BRC20s on EVM networks. ↔️ Dual sided bridge. Live on @Ethereum @BNBCHAIN @Bitcoin”. h/t @toffee248:
-New protocol on @LineaBuild called @MendiFinance. Twitter bio states “THE decentralized lending protocol on @LineaBuild. Earn high yields from our bribe-reward tokenomics, & share in 100% of protocol profits by staking $MENDI”. h/t @toffee248:
-Something new called @AAA_lending. Twitter bio states “Welcome to AAA, the best NFT Lending aggregator.” h/t @AresLabs_xyz:
-New project called @PrismaFi. Twitter bio states “The end game for liquid staking tokens. A non-custodial and decentralized Ethereum LST-backed stablecoin. Coming soon.” h/t @AresLabs_xyz:
Security Alerts
-There appears to be an ongoing security situation re: @AtomicWallet:
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)
-Biden signs debt ceiling deal:
-Signs of adoption from Brazil?
-Cycle analysis from @jchervinsky:
-May was record month for Bitcoin transactions, h/t @Flowslikeosmo:
-@DefiLlama adding a ChatGPT plugin to better help users find and synthesize data:
-Thoughts on stablecoin landscape from @Figue_me:
-Interesting thread/data from @0xSleuth_:
-New @Blockworks_ video featuring @MikeIppolito_ and @MarkYusko discussing the macro + crypto landscape:
-New video from @coinbureau on the stablecoin liquidity landscape and its relationship with $BTC price:
-New livestream from crypto + macro expert @noahseidman:
-New interview with Jeff Snyder on the Jay Martin show for our extremely hardcore macro fans:
-Parting wisdom from @koreanjewcrypto:
Conclusion
Happy Sunday friends! Another big week ahead of us!
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.