Greetings frens!
This is the first ever issue of The Daily Degen.
The goal is for it to be a daily synopsis of all important information relevant to the world of defi.
Its basically 12 hours of daily defi research condensed into a quick 5 minute read!
Market Update
Overall crypto market cap up +0.8%, $BTC and $ETH pretty much flat, and tradfi markets mixed, with DOW at +0.15% but S&P at -0.81%, and Nasdaq at -2.35%. Gold at -0.41%. Oil at +1.04%
Biggest Price Movers
(From @coingecko top 500)
Up:
$EVMOS +36%
$ASTAR +34.3%
$BAKE +27.5%
Down:
$BETA -32.6%
$ANC -24%
$MSHARE -21.5%
Biggest TVL Movers
Tron ($TRX) was up 4.5% today and is the only top 10 chain significantly green on the week at +27.51%. It is now the third-biggest chain by TVL.
Harmony ($ONE) is down 29.6% in the last week.
And among low TVL chains (10M+ TVL) the only one of note is Sora ($XOR), up 80.65% in the last week.
Top Ten Chains (from @defillama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
Other stats
(from @8blocksdaily)
Top Stablecoin Yields
(from @stablecoinyields and @0xCoindix)
New Protocols/Yield Farms
(from newly-added @debankdefi protocols and rugdoc.io new yield farm calendar entries from last 24 hours - these are NOT endorsements - make sure to do extensive due diligence)
Batasm Finance is a new Fantom protocol: https://twitter.com/batasmfinance
CLever CVX is a new Convex bribe automator: https://twitter.com/0xC_Lever
Step App- which seems to be an Avalanche-based competitor to Stepn: https://twitter.com/StepApp_
CougarSwap - new Harmony AMM: https://twitter.com/cougarswap
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-$DEI stablecoin is still de-pegged, at $0.74, up from a week ago but down slightly since last night when it got over $0.80.
-Some token called $YFII either rug-pulled or crashed dramatically (which apparently caused a mini-flash crash for $YFI (Yearn Finance):
Also both $YFII and $YFI were apparently de-listed from cross-margin trading by Binance:
Other News And Analysis
(best twitter threads, articles, videos, etc from last 24 hours)
-@ZeMariaMacedo weights in on Terra V2:
-@laurashin interviewed @cobie and @cburniske about how to survive a bear market on their thoughts on how things currently stand with crypto:
-@pastryeth breaks down Vitalik’s mysterious ‘Soundbound Tokens’:
-@OnChainWizard released a fantastic article on tokenomics:
-And @ChainLinkGod did an extremely insightful thread on stablecoins:
Conclusion
That is everything for today!
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Stay safe fellow degens!