Happy Wednesday good frogs!
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 @CryptoBubbles24):
Gold: $2040.10
Oil (WTI): $77.75
US 10Y Treasury: 4.29%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important info for all our perps enthusiasts and active tradoors! You need to be aware of everything going on with @muxprotocol!
@muxprotocol is essentially ‘the 1inch of perps’, aggregating liquidity and flow via the top perps dex’s to ensure traders get the lowest fees possible…
They were recently allocated 6M in ARB-incentives via the Arbitrum STIP campaign, and are using it to effectively slash opening/closing fees to zero with their new ARB Rebate Program!
The Rebate Program means that when traders open and close positions through MUX, fees accrued via trade routing through MUX, GMX V1 & V2 and Gains Network will be returned to them weekly as ARB tokens...
Once again… that means 0% opening and closing fees via the most popular on-chain perp dex’s!
We are going to be helping bang the drum on this so make sure to visit the MUX app now to start trading and check out the below thread for all the details on the Rebate Program!
Biggest TVL Movers + Else
Chains are almost all green today. Top 30 chains up at least 30% on the monthly include Solana (#8), MultiversX (#19), Osmosis (#23), Ronin (#27), Kujira (#29), and Mantle (#30).
Protocols are all quite green today as well. Protocols with at least $100M TVL up at least 100% on the monthly include Prisma Finance, UwU Lend, marginfi, and Jito.
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/Protocols By 24 Hour Fee Generation (from @DefiLlama):
Here’s The Top 10 L1’s By Market Cap (from @coingecko):
Here’s The Top 10 Stablecoins By Market Cap (from @coingecko):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
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 @grandbase_fi. Twitter bio states “RWA & synthetic assets”. h/t @0xWeedie, click to read rest of long-form tweet:
-New project on Optimism called @letsgethai. Twitter bio states “multi-collateral RAI fork on Optimism⛅️🪁⛅️ Join us on Testnet...” h/t @AresLabs_xyz and @CRYPTO101Pod:
-New perps dex called @MYX_Finance. Twitter bio states “The game changer in perpetual trading powered by novel Matching Pool Mechanism: zero Slippage, zero borrowing Costs, lowest fees. Giving you a winning start". h/t @AresLabs_xyz:
-Something new on FON Chain called @RosSwapdex has been added to @DefiLlama. Twitter bio states “🐚RosSwap is the first brand new DEX on the FON Chain”.
Security Alerts
-@Velodromefi and @aerodromefi frontends have apparently been compromised so users are urged not to use them, h/t @Omniscia_sec:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL 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)
-Macro investing legend Charlie Munger died yesterday, homage below from @boldleonidas:
-Short and long-term crypto returns looking surprisingly green as of late, h/t @Cryptoyieldinfo:
-The US bond market is on track for its best month in nearly 40 years as interest rates have declined markedly since the end of October:
-Update on the ‘Coinbase App Store Indicator’ from @0xjaypeg (the Coinbase App hit #1 in the App Store at the end of the last bull market):
-Update from the @KyberNetwork exploiter, transcribed into tweet c/o @0xG00gly:
-Gaming coins continuing to outperform, c/o excellent thread of charts from @thedefivillain:
-Markets pricing in an expected 100 bps of interest rate cuts from the European Central Bank in 2024, h/t @SvendsenAnders:
-Excellent thread comparing GambleFi tokens RLB, BCB, and KINK from @AyzhinAnalytics:
-Federal Reserve’s Waller made a very interesting statement, h/t @PauloMacro and @donnelly_brent:
-Very good macro thread from @jameslavish on the Reverse Repo Facility, which has been generating discussion of late:
-New missive from Arthur @CryptoHayes and short summary from the aforementioned @0xjaypeg:
-@coinbureau released an interview with new Binance CEO @_RichardTeng:
-@CryptMoose_ released a new interview with @Louround_:
-Good new macro + Bitcoin interview with @LynAldenContact c/o @1MarkMoss:
-Parting wisdom from @0xgaut c/o @QuotableCrypto:
Conclusion
Happy Wednesday friends!
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 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.