The Daily Degen- November 18th, 2023

All of today's news/data/alerts...

Nov 18, 2023

Happy Saturday good frogs! Lots of stuff going on!

Let’s dive in!

Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!

Market Update

Crypto (from @CryptoBubbles):

Gold: $1,981.10

Oil (WTI): $75.89

US 10Y Treasury: 4.39%

Stocks (from:@News4Moves):

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

More bullish sentiments on the good work of @silentdao_, cataloged by @hella_tifficult in the excellent thread below!

Once again, @silentdao_ is an upcoming privacy protocol creating a composable middleware encryption layer that allows privacy preservation within the EVM itself, thereby allowing users to interact with defi protocols anonymously….

Our editor @rektdiomedes has been helping spread the word about @silentdao_ alongside the rest of the gigabrain team, so make sure to follow them on Twitter and again, check out the excellent thread on them from @hella_tifficult below!

Biggest TVL Movers + Else

Chains are mixed today. Top 50 chains up at least 40% on the weekly include Thorchain (#28), and Terra2 (#50). Top 50 chains down at least 15% on the weekly include DefiChain (#21), and Neo (#40).

Protocols are mostly red today. Protocols with at least $20M TVL up at least 50% on the weekly include multichain index protocol Reserve, and Tezos synthetics protocol Youves. Protocols with at least $20M TVL down at least 25% on the weekly include DefiChain Loans and Neo liquid-staking protocol NeoBurger.

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 Derivatives (Perps) Protocols By 24 Hour Volume (from @DefiLlama):

Here’s The Top 12 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):

Other Data Points

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Ethereum Fear And Greed Index

(from @EthereumFear):

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!)

-New project called @plumenetwork. Twitter bio states “The RWA L2 - built with OP Stack”.

-Something new called @rwaDAO_Finance. Twitter bio states “rwaDAO offers real-world assets natively on-chain, helping investors earn sustaining lofty yield in a rather bearish climate.” h/t @Chain_Eye:

-New project called @BernoulliFi. Twitter bio states “Pioneering the next step in on-chain liquidity management on @aori_io.” h/t @Chain_Eye:

-New Ordinals-focused project called @OranFiBTC. Twitter bio states “Inscribing & Launching platform for Bitcoin Ordinals, BRC-20 and ORC-20. By @Hadeswap #Bitcoin”. h/t @twindoges:

-New lending protocol called @GraceProtocol. Twitter bio states “A maximally resilient lending protocol”. h/t @twindoges:

-New ETH-staking related project called @CasimirAssets. Twitter bio states “The first customizable ETH staking experience. Simpler, safer, more rewards.” h/t @twindoges:

-Something new called @Zera_Protocol. Twitter bio states “Zera - Protocol with Automated Liquidity Placement AMM Zera is a permission-less protocol that positions liquidity more effectively around the market price.” h/t @twindoges:

-New SocialFi project called @tryblitz. Twitter bio states “⚡️ or it didn’t happen”. h/t @twindoges:

-New protocol called @plexus_fi. Twitter bio states “The best cross-chain liquidity aggregator and middleware infra. All chains, all tokens, and the optimal swap with just one click and one API.” h/t @ApeOClock:

-Previously-mentioned new IoTeX liquid-staking project @Bedrock_DeFi has been added to @DefiLlama. Twitter bio states “Bedrock is a non-custodial solution that brings a whole new level of compliance, transparency and security to liquid staking. By @rockx_official".

-New dex on Arbitrum called @ShekelSwap has been added to @DefiLlama. Twitter bio states “The novel v2 DEX on Arbitrum with strategies used to maximize yields on the long term.”

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($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)

Important News And Analysis

(key news, twitter threads, articles, videos, etc from last 24 hours)

-Lot of crypto-adjacent news dominating headlines and discussion currently:

-Fidelity files for spot $ETH ETF alongside BlackRock:

-Tweet from @EricBalchunas regarding rumors of logistical idiosyncrasies re: potential spot Bitcoin ETF’s generated a lot of attention yesterday… linking to excellent thread analyzing it from @hufhaus9:

-OG Defi 1.0 token $YFI from Yearn Finance had a sudden plunge of 45% earlier today, though reason(s) still unclear at time of publishing, h/t @CastilloTrading:

-Fascinating chart of “Defi Dominance” showing recent spike to 4.4%, which is still down from ATH of 6.67%, courtesy of @Flowslikeosmo:

-There were multiple frontend attacks yesterday, h/t @officer_cia:

-@THORChain volumes continue to spike, h/t @SpotWiggum:

-Macro thoughts from @dunleavy89:

-Famous tradfi short-seller Jim Chanos, well-known for shorting Tesla and more recently Coinbase, has announced he is going to shut down operations:

-Extremely interesting thread from @DoveyWan on stablecoin adoption and the question of $USDT and $USDC:

-Very thorough report on Unibot from @jake_pahor as part of his ongoing project deep-dive series:

-New video from @Ceazor7 on Estfor Kingdom, an on-chain RPG from the team behind well-known Fantom NFT marketplace Paintswap:

-New episode of @thebellcurvepod with @ChainLinkGod appearing to discuss the bull case for $LINK:

-Newest video from @0xSteadyLads podcast with guest appearance by @Austin_Federa, Head Of Strategy at the Solana Foundation:

-New episode of @theempirepod with @santiagoroel giving his thoughts on investing/positioning for the coming market cycle:

-Parting wisdom c/o @IBattleRhino:

Conclusion

Have a great Saturday friends and don’t forget to touch some grass this weekend!

And please RT/subscribe/etc if you found this valuable! :)

Note

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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor 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.