Happy Friday degens! Let’s get after it!
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 @TickerTop and cryptobubbles(dot)net):
Gold: $2,042.00
Oil (WTI): $69.71
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Do you miss the good ol’ days of euphoric yield farming yore? If so we’d like to draw your attention to what the good gents at @steadefi have been up to!
Steadefi is an extremely cool protocol on Avalanche and Arbitrum we’re helping beat the drum for, that provides a wide selection of yield strategies for discerning degens…
They provide automated risk and position management for stress-free leveraged yield farming, and also clear risk-off and risk-on tracks with transparent data on ROI.
Their current bootstrap phase allows lenders to earn esSteady before public token launch in early Q3, so make sure to check our their dApp and follow them on Twitter for more updates!
Biggest TVL Movers
Chains are mostly red today. Top 50 chains up at least 20% on the monthly include zkSync Era (#21), Rootstock (#24), Aptos (#31), Telos (#38), and Injective (#49).
Protocols are mixed today. Top 100 protocols up at least 25% on the monthly include Rocket Pool (#12), Radiant (#33), ParaSpace (#38), Ondo Finance (#62), Gamma (#67), Pendle (#93), and Wombex (#97).
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 called @DeDeLend. Twitter bio states “Unified interface for trading swaps (GMX, GNS) and options aggregator (Hegic, Lyra, Premia).”
-New protocol on Arbitrum called @logarithm_fi. Twitter bio states “Liquidity management layer & delta-neutral market making strategies on composable decentralized derivative exchanges (🐚,🐚)”.
-New protocol called @Fortress_Fi. No Twitter bio yet. h/t @DAdvisoor:
-Previously-mentioned protocol called @synthe_x has been added to @DefiLlama. Twitter bio states “Trade Stocks, Forex, Crypto, Commodities and more Slippage Free”.
-New protocol called @KeiFinance has been added to @DefiLlama. Twitter bio states “Kei Finance's the future of DeFi! Solves traditional finance pain points with advanced algorithms, transparent processes, & easy-to-use interfaces.”
-Something called @Blacksmith0x. Twitter bio states “Fully customizable, AI-assisted token sniper. Avoid rugs and automatically take-profit on the way up. Best shitcoining tool on the market. Coming soon 🌋”. h/t @AresLabs_xyz:
-Something called @CryptiaProtocol. Twitter bio states “Ensuring confidential transactions with anonymous addresses. Send funds privately. Intuitive interface, utmost privacy. #Cryptia #Privacy #blockchain”. h/t @AresLabs_xyz:
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 European Central Bank raised interest rates by 25 bps yesterday:
-Update on US interest rate expectations:
-Stripe’s announcement of a fiat-crypto on-ramp generates buzz. H/t @JasonYanowitz:
-Goldman Sachs apparently released a report analyzing $ETH as a ‘deflationary asset’. H/t @AviFelman:
-$PEPE continues its ascendance. H/t @Riley_gmi and @alpha_pls:
-Latest US and UK inflation data from @truflation:
-Fun thread from @bjnpck:
-Excellent thread from @redphonecrypto with thoughts on the next cycle in crypto:
-@Blockworks_ released an interview with ‘Fed-Whisperer’ @NickTimiraos:
-Quick interview of @LukeGromen from TDAmeritrade network on the current macro situation:
-New livestream from the @Blocmatesdotcom crew going over all the top stories in crypto:
-New ‘NFA Live’ livestream featuring Rob from Digital Assets News, @coinbureau, and Benjamin Cowen @intocryptoverse:
-New video from @BanklessHQ going over all the top stories in crypto/macro:
-Parting wisdom c/o of an @blknoiz06 copy-pasta:
Conclusion
Have a great Friday lads!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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https://gmx.io/?ref=thedailydegen
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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.