The Daily Degen - March 17th, 2023
All of today's news/data/alerts...
Happy Friday degens! Appears those Arbitrum airdrop rumors were true after all! :)
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Oil (WTI): $69.04
Biggest Price Movers
(From @coingecko top 1000)
Our friends at @pendle_fi have another important update… this one especially relevant to all $ETH bulls :)
If you aren’t familiar with @pendle_fi, they are a gigabrain yield/derivatives protocol that we’ve been helping raise awareness about. They just deployed on Arbitrum after having been ETH Mainnet only until now and are opening up all sorts of interesting opportunities for defi’ers!
Check out their latest below!
Biggest TVL Movers
Chains are mostly green today. Top 30 chains up at least 20% on the weekly include Mixin (#9), DeFiChain (#12), Klaytn (#14), Bitcoin (#17), Ronin (#24), and Rootstock (#28).
Protocols are mostly green on the daily as well. Top 100 protocols up at least 30% on the weekly include Venus (#16), Liquity (#17), Nexus Mutual (#30), Lightning Network (#52), DeFiChain Loans (#73), and Conic Finance (#81).
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:
Ethereum Fear And Greed Index
Crypto Volatility Index
(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 called @TimesFinanceIO. Twitter bio states “• #Uniswap V3 #DeFi • A #Liquidity Strategy Service Platform • A leveraged protocol on | #Arbitrum💙| #BSC | #Optimism soon”.
-Something called @KavaFCBet has been added to @DefiLlama. Twitter bio states “Join the betting DeFi revolution.”
-Something new called @TurboSwapLabs. Twitter bio states “Trade with an edge. Utilizing @MaestroBots and @0xProject technology to give our users an all-in-one decentralized experience. ⚡️” h/t @monosarin via @FungiAlpha:
-New AMM on Arbitrum called @OlympusDex. Twitter bio states “Olympus Exchange Home of Liquidity On @Arbitrum. A Decentralized Exchange.” h/t @monosarin via @FungiAlpha:
-Something new called @BlueOnBase. Twitter bio states “The @BuildOnBase native DEX. Custom-built liquidity infrastructure to support builders & generate real yield.” h/t @monosarin via @FungiAlpha:
-New project called @yieldflipperHQ. Twitter bio states “Fixed-income marketplace 🌾 … Powered by @APWineFinance”. h/t @monosarin via @FungiAlpha:
-Note: Make sure to follow @monosarin and @FungiAlpha as they are killing it with these new protocol threads!
-New alert just published in last hour or so from @BlockSecTeam:
-Thread from @LlamaRisk on impact to @AngleProtocol from @eulerfinance hack:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, single-exposure, and no-IL only) 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)
-Arbitrum made headlines today by announcing that they would be doing their much-anticipated airdrop:
-Here is a great article from the @BowTiedNightOwl and the Defi Education team that also links to a wallet checker someone made that let’s you check your wallets without having to connect each one individually:
-Intense discussions around significance and meaning of Fed and Treasury actions re: new banking facilities/etc (note: it was hard to find tweets to capture the ongoing debate but even among the smartest macro folks there does seem to be a lot of disagreement over the effects this might have and the time horizon of those effects):
-First Republic still generating headlines:
-Oil hopium from @Josh_Young_1:
-Crypto hopium from @RaoulGMI:
-Clip of Janet Yellen answering questions from Oklahoma Senator James Lankford is generating intense discussion:
-Credit Suisse update:
-Excellent new Substack from @JJLabsJanitor:
-Another excellent one, from @CurveCap:
-Good thread of projects to know about on Filecoin’s new FVM:
-New Arthur Hayes article argues recent program implemented by Fed could be equivalent to functional QE even greater than was seen in response to Covid:
-Interesting video from @NickDrakon and @souvlaki:
-New livestream from @BanklessHQ on the Arbitrum airdrop/token/etc:
-New Luke Gromen interview from Macro Voices:
-Interesting interview from @FlywheelDeFi with Thomas Mattimore from @reserveprotocol:
-Parting wisdom from @schizoxbt and @jediblocmates:
Have a great Friday and stay alert out there!
And please RT/follow/etc if you found this valuable! :)
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The good gents at @NestedFi are 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’s the latest update from the team: