Happy Friday fellow brypto-enjoyoors!
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: $1,963.90
Oil (WTI): $70.86
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
@Rodeo_Finance’s TVL just keeps climbing!
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!
If you are a yield maximizoor make sure to check out their site, as well as their ongoing liquidity mining program via the tweet below!
Biggest TVL Movers + Else
Chains are mixed today. Top 30 chains down at least 10% on the monthly include BSC (#3), Fantom (#14), Osmosis (#20), Algorand (#21), Canto (#26), and Waves (#30).
Protocols are also mixed today. Top 100 protocols down at least 20% on the monthly include Chronos (#84), Wombat Exchange (#91), and Algofi (#95).
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 @CollarProtocol. Twitter bio states “Liquidity Without Liquidation…” h/t @DegenCamp:
-Something new called @0x_maze. Twitter bio states “They will never find you in a maze.” h/t @DegenCamp:
-Something new on zkSync called @zkSynth. Twitter bio states “Synthetics Protocol for the ZK Ecosystem // Launching on @zkSync and @Scroll_ZKP”. h/t @DegenCamp:
-Something new called @StrategProtocol. Twitter bio states “An Omnichain Social Yield Infrastructure... | By @murphy_labs”. h/t @DegenCamp:
-New dex on @mvcglobal called @mvcswap. Twitter bio states “An #AMM DEX built on @mvcglobal with the Bitcoin-like UTXO model.” h/t @DegenCamp:
-New project called @helix_finance. Twitter bio states “HELIX is an accredited blockchain-enabled marketplace, providing access to loans backed by real world assets. Backed by @OVioHQ and @neworderdao Basecamp 🗻⛺”. h/t @DegenCamp:
-New project on zkSync called @zplashlabs. Twitter bio states “Bringing concentrated liquidity to @zksync”. Also h/t @DegenCamp - make sure to give him a follow!
-Previously-mentioned @GaloSwap has been added to @DefiLlama. Again, Twitter bio states “The first innovative DEX & NFT marketplace built to enhance liquidity using ZK-Rollups for optimal security and scalability.”
-Something new on Arbitrum called @atomic__green has been added to @DefiLlama. Twitter bio states “Protocol for leverage trading on Ethereum, Arbitrum, Polygon / Audit by Halborn”.
-Another new Arbitrum protocol called @L2FINANCE has been added to @DefiLlama. Twitter bio states “L2FINANCE is a one-stop service platform for financial derivatives markets based on Layer2 technology.”
-New protocol @Penpiexyz_io has been added to @DefiLlama. Twitter bio states “Penpie is a next-generation product by @magpiexyz_io that's set to revolutionize @pendle_fi”.
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)
-Announcement from @BinanceUS dominated crypto discussions yesterday:
-All sorts of bottom signals popping up, c/o @zackvoell:
-Apparently a lawsuit going on involving ParaFi and @CurveFinance founder Michael Egorov:
-Polygon zkEVM TVL still climbing, h/t @Dynamo_Patrick:
-Extremely thorough thread from @splinter0n on defi resources/tools/publications/etc:
-Great thread by @BackTheBunny:
-Some thoughts on upcoming protocol catalysts from @0xFlips:
-Positive sentiments from @BowTiedNightOwl and @twobitidiot:
-Coinbase CEO Brian Armstrong was interviewed by The Wall Street Journal, video below:
-New episode of NFA Live featuring @coinbureau, Rob from @DigitalAssetNews, and Benjamin Cowen @intocryptoverse:
-New episode of The Chopping Block from @Unchained_pod:
-Newest livestream from @blocmatesdotcom featuring @danblocmates, @jediblocmates, and @Grantblocmates:
-Parting wisdom from @bryptoza:
Conclusion
Have a great Friday degens!
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.