The Daily Degen - May 10th, 2023
All of today's news/data/alerts...
Happy Wednesday friends! Let’s do this!
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 Updates
Crypto (from @crypto_whispers and @cryptobubbles24:
Gold: $2,026.30
Oil (WTI): $72.63
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
@Equilibriafi’s Boost Campaign is now live on Arbitrum, with over 3.7M PENDLE locked already!
Users can now lock their PENDLE tokens and start enjoying all the amazing benefits the Equilibria flywheel offers :)
As background… Equilibria is a new project built atop @Pendle_fi that we’re helping raise awareness about!
Pendle has been attracting immense amounts of attention and TVL, and Equilibria is jumpstarting the #PendleWars with their launch!
Make sure to follow their Twitter account for more updates and click the below tweet to learn more!
Biggest TVL Movers
Chains are mixed today. Biggest gainer on the weekly among top 50 chains is Stacks (#41) at +46.03%, and biggest loser is Parallel (#46) at -37.33%.
Protocols are mostly green today. Biggest gainer on the weekly among top 100 protocols is new Arbitrum protocol Chronos at +5,156%, and biggest loser is Spookyswap (#90) at -26.70%.
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)
Fees:
(from cryptofees(dot)info)
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 called @DubbleExchange. Twitter bio states “№ 1 ve (3,3) liquidity market powered by $DUB autobribes | DAO oriented | launching on @Arbitrum”.
-Something called @divaprotocol_io that appears(?) to be new. Twitter bio states “DIVA is an open and permissionless standard to create and settle derivative assets”.
-Something called @OctoLSD has been added to @DefiLlama. Twitter bio states “LSD Liquidity Aggregation and Distribution Protocol”.
-Previously-mentioned new protocol called @Zenith_cash has been added to @DefiLlama. Twitter bio states “The first leveraged yield farming protocol based on LSD. Everything you need for the upcoming LSD summer 🚀🚀🚀 #LSD #ETH #DeFi #Crypto”.
-Previously-mentioned @archi_fi has been added to @DefiLlama. Twitter bio states “A composable leveraged yield farming strategy protocol on #Arbitrum. 🧑🌾 Integrating #GLP in Archi v1. $archi IDO time: 8th June”.
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)
Security Alerts
-@peckshield released the following alert:
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Newest US CPI (inflation) data will be released today:
-Debt ceiling crisis escalating:
-Michael Saylor expresses bullish sentiments re: Ordinals/etc and their impact on Bitcoin… h/t @LeonidasNFT:
-Lot of talk about declining liquidity/market making today:
-’Ignore Fud’, ‘Pepe’, ‘Evergrow Coin’, and ‘Ben’ are all trending on @coingecko:
-Sweden the canary in the coal mine for European commercial real estate issues?
-Good thread of updates on DCG situation from @ramahluwalia:
-Good thread of defi yield farming opportunities from @0xMughal:
-Another good BRC-20 thread, from @the_smart_ape:
-@BanklessHQ released an interview with @ramahluwalia:
-Good macro video on China and Japan from @Blockworks_ featuring Weston Nakamura @acrossthespread:
-New video on BRC-20’s and SBRC-20’s from @drakeondigital:
-New interview with Justin Sun from @theempirepod:
-Parting wisdom c/o @BowTiedBull:
Conclusion
Have a great Wednesday friends!
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.