Happy Sunday friends! And happy Mother’s Day!
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 Update
Crypto (from @TickerTop and @cryptobubbles24:
Gold: $2,010.50
Oil (WTI): $70.04
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
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Steadefi is an extremely cool protocol on Avalanche and Arbitrum we’re helping raise awareness about, that provides a wide selection of yield strategies for discerning farmers... They provide automated risk and position management for stress-free leveraged yield farming, and also clear risk-off and risk-on tracks with transparent data on ROI.
Their current Liquidity Bootstrapping campaign will be ongoing for the next 80 days or so, and provides some great opportunities to earn $esSteady in a variety of risk-minimized ways.
Check our their dApp and follow them on Twitter for more updates!
Biggest TVL Movers
Chains are mixed today. Top 50 chains down at least 10% on the weekly include DeFiChain (#13), Neo (#34), Acala (#40), Conflux (#45), and Aurora (#48).
Protocols are mostly green today. Top 100 protocols down at least 10% on the weekly include Synthetix (#26), Velodrome (#34), Chronos (#42), BendDAO (#46), Ankr (#48), DeFiChain Dex (#54), Stader (#64), DeFiChains Loans (#73), and ParaSpace (#76).
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 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!)
-New protocol called @bugfinance. Twitter bio states “Join the swarm and experience the true potential of decentralized liquidity on @0xPolygon with Bug Finance”. h/t @SmallCapScience:
-New protocol on Sui called @Nemo_Swap. Twitter bio states “Native CLMM DEX built on Sui💧”.
-New SUI protocol called @siphonlab. Twitter bio states “Ultimate DeFi Hub on Sui Network ➡️ Tradeify -- Derivatives Exchange up to 100x leverage ➡️ Liquidify -- Liquid staking solution with Re-Staking Strategy”.
-Another new SUI protocol called @owlswap_finance. Twitter bio states “OwlSwap - Reimagining the visualization of DEX @SuiNetwork.”
-Another new SUI protocol called @SeaSwapSui. Twitter bio states “Automated decentralized exchange on @SuiNetwork…”
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)
-Amount of $BTC being deposited onto cex’s hits 3 year low:
-$BTC still under 27K:
-M2 money supply going down in US but up in China and Japan, h/t @noahseidman:
-Meme coins no longer dominating the ‘Trending Tokens’ list on @coingecko:
-More and more features being added by @DefiLlama:
-Interesting technical thread on SUAVE from @kindahangry:
-Good thread on Sei Network from @0xSalazar:
-Good interview with @MarkYusko from @MikeIppolito_ at @Blockworks_:
-New livestream from @DefiantNews going over all the top stories in crypto, featuring @CamiRusso and @ofernau:
-New video on Sui from @coinbureau:
-Newest livestream from @leviathan_news going over all the top stories in crypto, featuring @CurveCap, @DAdvisoor, @SalomonCrypto, and Brendon Picha:
-Parting wisdom from @lou_markets and @NickDrakon:
Conclusion
Have a great Sunday 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.