The Daily Degen - May 11th, 2023

All of today's news/data/alerts...

May 11, 2023

Happy Thursday friends! Let’s get after it!

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 @TickerTop and @cryptobubbles24:

Gold: $2,023.90

Oil (WTI): $73.24

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 mostly red today. Fastest-growing chains on the weekly with at least $1M TVL are: Stacks at +65.15% and $34.75M TVL, Ergo at +43.28% and $6.13M TVL, and Theta at +9.60% and $1.54M TVL.

Protocols are very red today. Fastest-growing protocols on the weekly with at least $1M TVL include Cetus (dex on Aptos/Sui) at +23,154% and $22.82M TVL, PuzzleSwapOrg (no category given) on Waves at +1,297% and $1.26M TVL, and Thales (multichain prediction market) at +1,226% and $1.56M TVL.

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)

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!)

-Something new called @fareprotocol. Twitter bio states “An ecosystem for probability contracts.” h/t @DefiIgnas - make sure to give him a follow!

-Something new called @protocol_fx. Twitter bio states “f(x) Protocol creates a new class of decentralized stablecoin paired with a new leveraged long ETH perpetual token. By @aladdindao”.

-Something new called @MEVDEX. Twitter bio states “The first MEV empowered exchange. Capital protection, best pricing, and MEV redistribution to users.” h/t from a thread by @apes_prologue - make sure to give him a follow!

-A new protocol on zkSync called @HoldstationW has been added to @DefiLlama. Twitter bio states “🎯Make #Defi as easy as Cefi 🔥Trade BTC, ETH & more with up to 500x leverage directly on Holdstation Wallet with AccountAbstraction integration and RealYield”.

-A new AMM on ‘Confluex Network’ has been added to @DefiLlama. Twitter bio states “Bringing sustainable yield, variants in liquidity farming, optimized routing, solving the impermanent loss problem, AI and of course, memes, to Conflux!”

-Something new called @CantonNetwork. Twitter bio states “The first privacy-enabled open blockchain network designed for institutional assets, built to unlock the potential of synchronized financial markets.” h/t @AresLabs_xyz:

Security Alerts

-@PeckShieldAlert released the following alert re: the proliferation of scam meme tokens in recent days:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, single-exposure, 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)

-CPI (inflation) report in US comes in at 4.9%:

-Congressman Brad Sherman made some very interesting comments that generated intense attention:

-Tether posted its newest quarterly report. Good summary from Tether advisor @gaborgurbacs + analysis from the great @Cryptoyieldinfo below:

-Elon Musk posted a Milady meme today, sending the prices of Milady’s soaring (h/t @nftperp):

-Airdrop alfa from @alpha_pls?

-Interesting stat re: RobinHood and the effect of high interest rates:

-Interest expense on national debt in US now as high as military spending, h/t @1MarkMoss:

-Video of Stan Druckenmiller’s recent presentation that generated lots of attention, as well as summary of it in thread form from @HiddenValueGems:

-Latest daily news roundup/commentary from @blockbytescom, featuring @Crypto_Klay, @austin_bbytes, and @MasonCorval:

-Good livestream from @RealVision with macro gigabrain @jessefelder:

-Good new video from The Calculator Guy @phtevenstrong on @ChronosFi_, which has been getting alot of attention + TVL since launching recently:

-Parting sentiments from @blockchaingod69 and @pythianism:

Conclusion

Have a great Thursday degens!

And please RT/subscribe/etc if you found this valuable! :)

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.