Happy Tuesday friends! Lots of stuff going on!
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: $2,009.20
Oil (WTI): $71.57
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention Arbitrum-enjoyoors and yield-maximizoors: @TimeswapLabs has more yield opportunities for you to take advantage of!
@TimeswapLabs is a defi protocol that offers a fixed-term money market with no liquidations or oracle dependencies, and describes itself as “Like Uniswap - but for lending and borrowing”. We’ve been helping raise awareness about what they’ve been up to, with their recent V2 release, multi-chain rollout, and more…
Check out their below announcement to learn more about their ARB pools, or visit their site to see all the yield opportunities for yourself! (Note: $plsARB lenders are currently earning 25% fixed APR!)
Biggest TVL Movers
Chains are mostly green today. Biggest gainer among top 50 chains on the weekly is Sui (#38) at +33.72%.
Protocols are mixed today. Biggest gainer on the weekly among top 100 protocols is Kava Liquid (#98) at +28.80%.
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 zkSync dex called @houdinifinance. Twitter bio states “The next DEX to take over @zkSync 🪄🔥 🎩 Deflationary Mechanism 🎩 3rd Generation Yield Farming Protocols Private Sale: May 9, 2PM UTC hosted by @SnarkLaunch”.
-New Sui project called @BeLaunch_. Twitter bio states “BeLaunch - Premier decentralized launchpad 🎯 built on @SuiNetwork”.
-New project on Ton blockchain called @FriendsProtocol. Twitter bio states “Friends Protocol connects users and expands their social networks through NFTs with incentive programs. Change your social life with us on @Ton_Blockchain…”
-Something new called @rgv_finance. Twitter bio states “We’re not just good, we’re really good. ⚙️ 👍 Deposit in our DN Vaults to earn funding rate payments on @vertex_protocol . 🏔️”
-Previously-mentioned @TsunamiFinance_ has been added to @DefiLlama. Twitter bio states “Swap & trade margin spot with 0% price impact. Access 10x leverage & low fees on #Aptos with liquid sustainable yields… 🌊 #TsuFi”.
-New Starknet dex called @ProtossDEX. Twitter bio states “We serve Protoss- a protocol for trading and automated liquidity provision on @Starknet”.
-Something called @StroomNetwork. Twitter bio states “Liquid staking protocol in Bitcoin Lightning Network”. h/t @AresLabs_xyz:
Security Alerts
-@PeckShieldAlert released the following alert:
-Security thread from @Metasleuth:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $5M+ TVL, no-IL, and single-exposure 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)
-New Metamask Terms Of Use generated a lot of discussion today:
-Ledger also generating heated debate:
-Ordinals still having huge impact on Bitcoin:
-@tokenterminal’s 30d fees data, via @ThorHartvigsen:
-@truflation update on US and UK:
-The bear case on markets, via @DeFiSurfer808:
-JPEG’d opens Milady vaults, h/t @leviathan_news:
-@RDNTCapital will apparently be using some of their ARB airdrop to reward new lockers of $RDNT, h/t @OuroborosCap8:
-Fascinating data via @jessefelder showing the number of Americans labeling real estate the best long-term investment has fallen from 45% to 34%, with gold raising from 15% to 26%:
-Good thread of ‘Tips On Surviving The Bear Market’ from @IAmZeroIka:
-Interesting new @FedGuy12 article for our macro fans:
-New livestream from @blockbytescom featuring @crypto_klay and @MasonCorval going over all the top stories in crypto:
-New video from @leviathan_news on new project called “f(x) protocol”:
-New livestream from @noahseidman:
-Good trading discussion between @worstcontrarian and @liquiditygoblin:
-Parting wisdom from @0x_kun:
Conclusion
Happy Tuesday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
-
Note
If you trade using GMX we’d be honored if you use our referral link to help support The Daily Degen! It will also provide you 10% off your trading fees :)
https://gmx.io/?ref=thedailydegen
-
***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.