Happy Saturday friends! No shortage of excitement these days!!!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Gold: $1,868.10
Oil (WTI): $76.68
Stocks:
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
We’re helping raise awareness about what the Chadish crew over at @TimeswapLabs has been up to!
Timeswap is a well-respected and gigabrained protocol that describes itself as “Like Uniswap - but for lending and borrowing”.
They just finished their much-anticipated V2 release , which is 5x more capital efficient than their V1, and are providing some highly-attractive opportunities to on-chain degens via the new architecture.
Until now they were Polygon only, HOWEVER… they also just went live on ETH Mainnet! Check out their most recent announcement below:
Biggest TVL Movers
Chains are very red today. Among top 10 chains, Tron (#3), Arbitrum (#4), Avalanche (#6), and Optimism (#7) are all down over 20% on the weekly. Canto is apparently down 59.70% and in spot #25. Heco (#30) is a rare bright spot at +19.09% on the weekly.
Protocols are also very red today. Some notables include MakerDAO (#2) at +10.22% on the daily, Stargate (#27) at -27.91% on the daily, and Nexus Mutual (#34) at +11.92% on the daily.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New protocol on Arbitrum called @volta_protocol. Twitter bio states “Overcollateralized stablecoin protocol that enables users to borrow VOLT by staking GNS (voltGNS) and gDAI, with 0% interest loans. voltGLP and voltGMX coming.”
-Another new protocol on Arbitrum called @ChronosFi_. Twitter bio states “🌪️ Chronos Finance is a community driven liquidity layer & AMM on @arbitrum, that uses a vote escrowed model to drive Liquidity to the highest volume pairs.”
-Something called @KYVENetwork launching on March 14th. Twitter bio states “Building the Web3 data lake solution 🌐 Making data reliable, permanently stored, and easily accessible for all.”
-Something called @SavvyDeFi launching on March 21st. Twitter bio states “Unlock your liquidity with non-liquidating auto-repaying credit lines.”
Security Alerts
-@peckshield 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)
-Silicon Valley Bank became the biggest bank to fail since the Great Recession today:
-This created a chain reaction culminating in Circle announcing it had $3.3B of its reserves with the bank (approximately 8% of overall market cap), and $USDC depegging:
-Variety of sentiments on the overall situation with Silicon Valley Bank’s collapse and resulting effects:
-Some good threads analyzing everything:
-@truflation update:
-Excellent thread on @Pancakeswap from @DefiIgnas:
-Voyager selling continues:
-Interesting story re: General Motors in US relevant to developing “White-Collar Recession” story:
-Real Vision livestream during the day’s events:
-@noahseidman livestream during the day’s events:
-Good video on fundamental analysis in defi from @ThorHartvigsen:
-Good hour long interview with @LynAldenContact released yesterday by TFTC:
-Some un-ironic parting wisdom via copy-pasta c/o @blknoiz06:
Conclusion
Stay alert this weekend friends and touch some grass if you get a chance!
And please RT/follow/etc if you found this valuable! :)
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Note
@NestedFi is our official sponsor for the month of March! Nested is a Social Trading protocol which lets users create portfolios and copy-trade the portfolios of other traders. It currently supports ETH Mainnet, Arbitrum, Polygon, Avalanche, Optimism, and BSC.
They are building all sorts of cool stuff for 2023 so make sure to follow their Twitter account and keep a close eye on them!
Here is a new update they released re: their planned airdrop: