Happy Friday good degens!
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: $1,882.00
Oil (WTI): $84.85
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important update from the gents at @Rodeo_Finance, who have just introduced ‘Alamo’! As the Rodeo team explains:
“Alamo allows users to stake their yield bearing tokens as collateral to borrow additional funds, while retaining full exposure to underlying yield Alamo unlocks under-collateralized loans & provide access to USDC for use in Rodeo Farms.
Since these borrowed funds are then directed to for user in Rodeo partner farms, the Arbitrum ecosystem also benefits from deeper liquidity… Our users get more yield… Our partners get more liquidity… Arbitrum attracts more LSTs & high quality TVL… The ol' rodeo win-win-win”
As background, Rodeo is a leveraged yield project we’ve been helping spread the word about that is building on top of all the top Arbitrum defi protocols (like Camelot, Pendle, TraderJoe, etc)!
They have been working on all sorts of cool stuff as of late, so make sure to follow them on Twitter for more updates, and check out the detailed thread on ‘Alamo’ below!
Biggest TVL Movers + Else
Chains are very red again today. Top 50 chains down at least 10% on the weekly include Polygon (#5), Pulse Chain (#16), Thorchain (#25), Fantom (#29), Mantle (#36), and Tezos (#37).
Protocols are quite red as well. Top 100 protocols down at least 20% on the weekly include Morpho (#23), Beefy (#47), and Aerodrome (#89).
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):
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 @0xfluid. Twitter bio states “An ever-evolving DeFi protocol and base for future financial system by @Instadapp”. h/t @DeFi_Made_Here:
-New SocialFi project that just popped up. Twitter bio states “GmioETH”. h/t @AresLabs_xyz:
-New chain called @VinuChain. Twitter bio states “L1 EVM COMPATIBLE DAG-BASED CHAIN | HIGHLY SCALABLE | DETERMINABLY FEELESS”. h/t @CryptoNikyous:
-New RWA project called @Uranium3o8. Twitter bio states “𝙳𝚎𝚖𝚘𝚌𝚛𝚊𝚝𝚒𝚣𝚒𝚗𝚐 𝙾𝚠𝚗𝚎𝚛𝚜𝚑𝚒𝚙 𝚘𝚏 𝚝𝚑𝚎 𝙵𝚞𝚝𝚞𝚛𝚎’𝚜 𝙼𝚘𝚜𝚝 𝙲𝚛𝚒𝚝𝚒𝚌𝚊𝚕 𝚁𝚎𝚜𝚘𝚞𝚛𝚌𝚎 🟢”.
-New dex on Mina, called @kaupangdx. Twitter bio states “Mina’s first decentralised exchange, powered by @proto_kit . Try sandbox today 👇”. h/t @CryptoNikyous:
-New project called @0xFutures_. Twitter bio states “First-ever zero-day futures trade with a 25-hour time constraint on a Telegram bot. $0xFutures - Building on Etherum Chain (ETH)”. h/t @ApeOClock:
-New dex on the ‘Renec’ blockchain has been added to @DefiLlama, called @NemoSwapDEX. Twitter bio states “NemoSwap is the first #DEX on the RENEC blockchain. Trade #RENEC, #reUSD & other tokens seamlessly with gasless fees and a low 0.01% trading fee. Join now!”
-Previously-mentioned Scroll dex @skydrome has been added to @DefiLlama. Twitter bio states “The leading ve(3,3) exchange on @Scroll_ZKP 📜. Empowering LPs, traders & protocols by optimizing the voted escrow model.”
-New ‘Derivatives’ protocol on Base has been added to @DefiLlama called @XenaFinance. Twitter bio states “No-KYC Perpetual DEX on Base 🟤 User-friendly UI, up to 50x leverage for market & limit orders, and automated risk strategies with minimal investments.”
-New ‘Yield’ protocol on Arbitrum called @Contrax_Finance has been added to @DefiLlama. Twitter bio states “Self-custodied DeFi earning w/out the complexity. 📲 Login with social media. Buy. Swap. Stake. Earn. 💰📈 A Web3 app designed for your Web2 friends & family".
Security Alerts
-@PeckShieldAlert released a security alert re: @Belugadex on Arbitrum:
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)
-CPI inflation numbers came in at 3.7% yesterday:
-The Arbitrum STIP voting has ended:
-Related, here are the 29 projects that qualified for the Arbitrum incentives, list below courtesy of @0x_ultra (click to see graph of allocations per protocol in rest of long-form tweet):
-Crypto prices continued their decline yesterday:
-Long-duration US bonds continuing to dominate macro discussions:
-Current Fed interest rate expectations, c/o @charliebillelo:
-Update on ETH-staking stats from @tomwanhh, click for rest of long-form tweet:
-Continued attention on depegged stablecoin $USDR, thread on topic below from @TheBitResearch:
-Interesting thread on the Arbitrum voting process from @francescoweb3:
-Good thread of monthly dex stats from @InspectorDefi:
-Encouragement from @resdegen:
-Good new macro video from @Blockworks_ featuring @profplum99 and @BobEUnlimited:
-Another new protocol breakdown from @Ceazor7:
-New Wealthion interview with Adam Kobeissi, the man behind the @KobeissiLetter Twitter account:
-Parting wisdom from @redphonecrypto:
Conclusion
Have a great Friday sers! And stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
-
-
-
Note
Our monthly sponsor for October is @ChainEDGE_io! ChainEDGE is the creation of @OnChainWizard… well-respected on-chain expert and gigabrain active trader!
ChainEDGE offers a live real-time smart money Alpha Stream, new launch digest, smart-money daily inflow/outflow tracking, daily summary from @OnChainWizard himself, and more!
Make sure to sign up now to try it out for yourself, and check out the latest livestream from @OnChainWizard doing a live demo of the platform + gem-hunting session:
-
-
***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.