Happy Sunday friends! Lots of interesting 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: $1,946.20
Oil (WTI): $72.67
Stocks: N/A
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Have you heard the good word about Rodeo Finance anon???
@Rodeo_Finance is a new leveraged yield protocol that plans to build on top of all the top Arbitrum defi protocols you know and love, giving discerning farmers the chance to maximize their yields, with leverage, all from a single easy to use UI…
This ambitious roadmap aims to facilitate leverage for a wide variety of defi yield opportunities, such as LSDs, Concentrated LP’s, Autopools & Managed Liquidity, Impermanent Gain, Synthetic RWA, Yield Trading, etc.
They are also going to be releasing their $RDO token in June via @Camelot_Dex, and we are going to be helping bang the drum about what they’ve been building!
Here is a great thread they recently published that explains everything they are doing:
Biggest TVL Movers
Chains are mostly green today. Top 50 chains up at least 10% on the weekly include Pulse (#9), Cardano (#17), zkSync Era (#20), and Conflux (#36).
Protocols are very green today. Top 100 protocols up at least 10% on the weekly include Sun (#19), Lybra Finance (#55), Pendle (#82), and Minswap (#95).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 NFT Marketplaces By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fee Generation:
(from cryptofees(dot)info)
New Protocols
(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @gusher_xyz. Twitter bio states “GUSH your USH. unshETH your ETH. The USH black hole. Stay tuned for more soon... #ETH #LSDFi”. h/t @arndxt_xo:
-A multichain/Layer Zero wallet called @EverywhereFi. Twitter bio states “$REUNI…” Also h/t @arndxt_xo - make sure to give him a follow!
-New protocol called @Mozaic_Fi. Twitter bio states “AI-Optimized Yield and Liquidity Strategies | Powered by LayerZero”.
-Something new called @Range_Protocol. Twitter bio states “Universal Gateway to Defi Asset Management”.
-Apparent OHM-fork on Pulse chain called @PulseOHM. Twitte bio states “$pOHM is LIVE!!”
-A new protocol on zkSync has been added to @DefiLlama called @dexilla_dao. Description states “Dexilla is a revolutionary order book DEX that offers a decentralized and trustless trading experience for users”.
Security Alerts
-@CertikAlert released the following alert:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, single-exposure, and 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)
-US politicians appear to have come to a debt ceiling resolution. Here are the details:
-@coinbureau with what appears to be the consensus bearish view on the implications of the debt ceiling deal, and @RaoulGMI with the contrarian bull lens:
-@noahseidman on the long-term macro outlook:
-Interesting chart re: @hashflow from @MessariCrypto:
-Interesting macro observation from @KobeissiLetter:
-LSD alfa + thread from the excellent @Flowslikeosmo:
-Stonk returns by sector so far in 2023:
-A well-put bull case for $ETH from @dunleavy89:
-Good thread of some projects/narratives to keep an eye on, h/t @defi_gaz:
-Good new @Blockworks_ video just released featuring @MarkYusko and @MikeIppolito_ discussing the debt ceiling resolution, implications, and overall macro/crypto picture:
-Newest video TA from Benjamin Cowen @intocryptoverse:
-New episode of @theempirepod featuring @santiagoroel and @GarrettHarper_ discussing a variety of current stories:
-Parting wisdom c/o an old @cobie clip c/o @VentureCoinist:
Conclusion
Have a great Sunday frogs!
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.