Happy Tuesday friends! Lots of stuff going on!
Let’s dive in!
As always… 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):
Total Crypto Market Cap: $2.4T
Gold: $2665.40
Oil (WTI): $70.48
US 10Y Treasury: 4.053%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens!
Interesting stuff going on with a cool new launch called @MortgageFiApp!
“When people ask “What’s the use case of DeFi?” One of the answers is:
In theory, you could take out a mortgage against your assets for 2-30 years, with fixed interest rates. Without risking liquidation. Zero paperwork. No KYC, no credit score, no tired bank secretary who hates you a little.
But why mortgage houses? BTC has appreciated 40,000% against the housing market in the last 10 years. You could put down $1000 worth of BTC and take out $50,000 worth, securing it at that price for the next 30 years. Gud retirement plan.
TeamCAT is making all of this possible & more from October 15 by launching their much anticipated protduct, MorgageFi.
___
How to make extra $$$ from October 15 with MortgageFi
Option 1: Secure ETH at this price before Uptober, UpYear, UpDecade
- Deposit ETH, borrow up to 50x more ETH with fixed interest
- Receive an NFT and make small repayments
- If you’re in massive profit, pay 1% fee to get your assets early
Option 2: Provide liquidity (here’s where it gets interesting)
- Earn 10-300% APR on your stablecoins
- No impermanent loss (yield denoted in dollars)
- No yield dilution when the pool grows larger
- Earn points (token airdrop at TGE, ETA 3 months)
- Earn DOUBLE points until October 21”
Learn more about all of the above and get more details on MortgageFi via their Twitter account by clicking here!
Note: This Spotlight is part of our partnership with @TailoredWeb3 from our friend @JiraiyaReal!
Biggest TVL Movers + Else
Chains are quite green again today. Only top 25 chains red on the weekly are Blast (#15), and PulseChain (#22).
Protocols are also quite green today. Only top 50 protocol red on the weekly is Ethena (#10).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-Much attention on SUI this week! Below is the chart for the last few days… Are you expecting a pump or downtrend good anon?!? Express your thesis via spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @CapLabs_. Twitter bio states “Stablecoin engine for unreachable yield // Mega Mafia @megaeth_labs”. Followed by 21 of our mutuals. h/t founder @Benjamin918_:
-New project called @felixprotocol. Twitter bio states “The People’s Stablecoin. Save, borrow, and earn yield with feUSD on @HyperliquidX.” Followed by 22 of our mutuals.
-Previously-mentioned new/newish project @allo_xyz has been added to @DefiLlama. Twitter bio states “Protocol for Real World Assets and Bitcoin | Backed by @chainfundcap @clustercap @morningstar_vc @cogitentv”. Followed by 10 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $10M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Bitcoin still firmly in lower half of the rainbow chart, h/t @DaanCrypto:
-Bitcoin open interest at all-time high’s, h/t @TheDeFinvestor:
-45% of top altcoins have outperformed Bitcoin over the previous 90 days, h/t excellent thread from @the_smart_ape (click to read in full):
-Hyperliquid has announced their airdrop/TGE, also note that users need to accept the ‘Genesis Event Terms’ by November 11, 2024 23:59 UTC apparently (click to read more):
-Also much focus from Americans on the news they will be aggressively geofencing it, h/t @ThrobbyBaggins:
-Interesting signpost from Fed’s Kashkari re: greater acceptance of higher inflation rate:
-Macro check-in from @fejau_inc:
-Headline curation from @blocmatesnews:
-Additional headlines from @0xSalazar:
-@truflation numbers keep creeping up:
-Good rundown of crypto x AI news from the last week, h/t @0xPrismatic (click to read in full):
-New episode of Roundtrippers from @blocmatesdotcom featuring @Grantblocmates, @563defi, and @CryptoTubeYT:
-New crypto/macro livestream from @noahseidman:
-Crypto news overview from @coinbureau:
-Parting wisdom c/o @safetyth1rd:
Conclusion
Happy Tuesday friends! Stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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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.