Happy Tuesday friends! Lots of exciting 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 again :)
Market Updates
Crypto (from coingecko(dot)com and cryptobubbles(dot)net):
Gold: $1,982.10
Oil (WTI): $75.76
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Attention Gamble-Fi fans! The @PepesGame token is now live and we have some alfa to share regarding it!
As background, @PepesGame is a new Gamble-Fi protocol based on Arbitrum, who we’ve been helping build awareness about leading up to their launch…
Their token PEG is now live, and can be paired with WETH on Balancer for liquidity provision!
Those who lock PEG with WETH as an LP position through the Pepe’s Game dApp for 24 weeks will be eligible to earn:
-30% of all protocol revenue
-Swap Fees
-0.75% Token Airdrop (150,000 PEG - worth $50,000+)
-100% of fees generated via the Incentivized Beta ($30,000+)
Learn more in their thread below!
Biggest TVL Movers
Chains are mostly red today. Top performing chains on the weekly with at least $1M TVL are EOS EVM at +617% and $2.4M TVL, Hydra at +318% and $2.2M TVL, and Kujira at +25.34% and $10.5M TVL.
Protocols are also mostly red today. Top performing protocols on the weekly with at least $1M TVL are LSDx Finance at +53,634% and $19.7M TVL, Swell at +1,729% and $6.5M TVL, and DSU Money at +1,182% and $5.1M 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 Chains By 7 Day Stablecoin Inflow % (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!)
-New protocol on ‘Nautilus Chain’ called @Coral_Finance. Twitter bio states “A Premium-trading-based derivatives trading platform. Top3 DeFi Protocol & the 1st #Derivatives platform built on @nautilus_chain”.
-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 @crypto_progress:
-Something new called @stable_usdfi. Twitter bio states “Experience the revolutionary lending, liquidity, stablecoin & yield aggregation flywheel in one seamless digital economy. Unleash your financial freedom today!”
-Something new called @PYESwapDEX. Twitter bio states “The ONLY #DeFi DEX with Swap 2.0 Technology. Innovative Swap with dual router components along side cryptos first tracking pixel tech.”
-New zkSync dex called @_zkSwap. Twitter bio states “First Concentrated Liquidity DEX on zkSync Era @zksync”.
-A new protocol called @SLSDFinance has been added to @DefiLlama. Twitter bio states “"Hello, World!" SLSD - A tokenized structured LSD asset protocol”.
-New protocol that launched earlier this month called @debtdao was just added by @DefiLlama. Twitter bio states “A permissionless marketplace for cryptonative credit 🚰 Our Spigot enables trustless revenue-based financing”.
-Previously-mentioned @LSDxfinance has been added to @DefiLlama. Again, Twitter bio states “an ultra-liquid protocol for all LSD… #LSD #LSDFi #LSDSummer $LSD: 0xfAC77A24E52B463bA9857d6b758ba41aE20e31FF”.
-Something new called @tonic_cash has been added to @DefiLlama. Twitter bio states “The first-ever privacy protocol on Klaytn( @klaytn_official ) and WEMIX( @WemixNetwork ), powered by zk-SNARK technology. ⚪️ PRIVACY TRANSACTIONS FOR EVERYONE™”.
Security Alerts
-There was an exploit on @Level_Finance today:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $5M+ 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)
-One day away from Fed rate hike decision:
-US banking crisis continues:
-Meme coin season heating up as $WOJAK begins soaring alongside $PEPE:
-US Treasury Secretary Janet Yellen warns cash will run out as soon as June 1st without a debt ceiling deal:
-@CurveFinance’s new stablecoin $crvUSD appears close to launching, h/t @GatheringGwei:
-Interesting sentiments c/o @redphonecrypto:
-One year away from next Bitcoin halving, h/t @dunleavy89:
-Excellent new thread + article from @CurveCap on ‘LSD Summer’:
-Good technical thread from @0xSalazar:
-Short thread from @CryptoHayes on the US banking situation and its implications:
-@DeFiHashira sentiments on the ‘Sell in May and go away’ discussions:
-Excellent new livestream on crypto/macro landscape from @noahseidman:
-Overview of latest crypto news from @coinbureau:
-New macro video from @Blockworks_ discussing the US banking crisis with two experts:
-New @blockbytescom ‘Daily Show’ featuring @crypto_klay, @austin_bbytes, and @MasonCorval going over all the latest crypto news:
-Parting wisdom from @ZssBecker:
Conclusion
Have a great Tuesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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Note
Our humble editor @rektdiomedes has become an Ambassador for @silentdao_. Silent is an extremely interesting new privacy service aiming to allow on-chain defi users to interact with protocols in a private manner.
If you’d like to learn more, make sure to check out the below article @Blockworks_ recently published about them!
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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.