Happy Thursday friends! No shortage 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 again :)
Market Updates
Crypto (from coingecko(dot)com and cryptobubbles(dot)net):
Gold: $2,033.20
Oil (WTI): $69.19
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
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 excellent thread below from @jinglingcookies!
Biggest TVL Movers
Chains are mostly green today. Biggest gainers among top 50 chains on the weekly are Arbitrum (#4) at +7.90% and Telos (#37) at +6.72%.
Protocols are very green today. Biggest gainers on the weekly among top 100 protocols are Alpaca Finance (#28) at +44.63% and BiSwap (#41) at +34.44%.
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 Dex’s 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)
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 called @mayfairfund. Twitter bio states “Smart Beta DTFs Issuer on #Arbitrum & #zkSync. Invest, Trade, Earn. IDO 3rd of May...” h/t @thelearningpill:
-New protocol on Sui called @KriyaDEX. Twitter bio states “Institutional trading infra on @SuiNetwork 🌊 Bridge, Swap | 20x leveraged perps | OTC 🧘♂️”. h/t @bender57b:
-Previously-mentioned @veaxlabs has been added to @DefiLlama. Twitter bio states “The Future of Decentralized Trading.”
-Something new called @spark_protocol has been added to @DefiLlama. Description reads “Spark Lend is a DeFi lending platform that leverages a credit line from Maker called a Dai Direct Deposit Module (D3M) to offer competitive rates”. Thread on them below c/o @hexonaut:
Security Alerts
-@PeckShieldAlert released the following alert on $WSB:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, no-IL, single-exposure only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The Fed raised rates by 25 bps yesterday but altered language suggests it may be the last interest rate hike of the cycle:
-US bank stocks continued crashing even after Powell’s press conference:
-The US Treasury under Janet Yellen announced that they will begin doing treasury buybacks, prompting intense discussion:
-Crypto sees moderate price bounce in wake of FOMC meeting:
-Biden’s proposed 30% tax on Bitcoin miners generating controversy:
-$ETH gas fee averages hitting 10 month highs:
-Excellent thread from @ologai on oracles:
-Interesting thread from @0xMughal on defi whale @Tetranode’s holdings:
-Excellent new video with @BiancoResearch from @Blockworks_:
-New @leviathan_news livestream featuring @DAdvisoor, @DeFiDave22, @CurveCap, and more:
-@FlywheelDeFi interviewed two of the team members from stablecoin/lending protocol @QiDaoProtocol:
-Three tweets from a great mini-thread by @p3terpan_:
-Parting wisdom from @austin_bbytes:
Conclusion
Have a great Thursday lads! Let’s get after it!
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.