Happy Saturday friends!
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: $1,981.20
Oil (WTI): $88.08
US 10Y Treasury: 4.914%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important update from our friends at @TimeswapLabs! Their $TIME-premine is now live!
@TimeswapLabs is a defi protocol we’ve been helping raise awareness about that offers a fixed-term money market with no liquidations or oracle dependencies, and describes itself as “Like Uniswap - but for lending and borrowing”.
Starting with their $USDC/$ARB Genesis Pool, users can premine TIME rewards that will be claimable for Timeswap’s $TIME-token 1:1 during their TGE, tentatively scheduled to take place in Q1 of 2024.
Make sure to follow them on Twitter for continued updates, and check out their thread below for more details!
Biggest TVL Movers
Chains are mostly green today. Biggest gainers on the weekly among chains with at least $5M TVL are Scroll, Wemix, and Aptos.
Protocols are mostly green as well. Biggest gainers on the weekly among protocols with at least $5M TVL are ETH Mainnet lending protocol TermFinance, Aptos lending protocol Aries Finance, Solana liquid-staking protocol Marinade Finance, Arbitrum yield protocol PlutusDAO, and Sui dex Turbos.
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 RWA Protocols By TVL (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!)
-Something new on Solana called @_firethree. Twitter bio states “Secure, Reliable, Decentralized: Our Promise Products and solutions for every stage of your app development journey! Build | Release & Monitor | Engage”. h/t @thealphadigest:
-Something new called @Exponents_Fi. Twitter bio states “The go-to primary market for oracle-free onchain derivatives Built by @bearmarketlabs”. h/t @toffee248:
-New Scroll dex called @KuramaDEX. Twitter bio states “A flagship DEX on Scroll with superb capital efficiency and trading experience.” h/t @toffee248:
-Previously-mentioned Aptos liquid staking protocol @AmnisFinance has been added to @DefiLlama. Twitter bio states “Simplified APT staking”.
-New dex on Scroll called @ZebraProtocol has been added to @DefiLlama. Twitter bio states “Zebra is a decentralized exchange on Scroll offering users secure and dependable one-stop liquidity services.”
-New SocialFi protocol on @AnonSocialTech has been added to @DefiLlama. Twitter bio states “Friends with (monetary) benefits 🎭”.
-Previously-mentioned Scroll lending protocol called @CogFinance has been added to @DefiLlama. Twitter bio states “Isolated Lending Protocol Live on @Scroll_ZKP 🔧⚙️”.
-New dex on Scroll called @PapyrusSwapDex has been added to @DefiLlama. Twitter bio states “📜 Native @Scroll_ZKP DEX 📜 Trade confidently on Papyrus - UniV2 AMM with farms and single staking!”
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)
-Bitcoin briefly hit 30k yesterday before falling back down into the 29k range:
-Stock market was quite red on the weekly:
-US 10Y Treasury yield briefly passed 5% yesterday:
-European bonds starting to get attention again:
-Solana was notable outperformer on the week and continues to generate attention:
-Two of the leading candidates for US Speaker Of The House are notable crypto advocates, h/t @hosseeb:
-Interesting chart of $BTC vs US treasuries from @DylanLeClair_:
-Bullish thoughts from @MikeIppolito_:
-@TaikiMaeda2 and @krugermacro on yield-bearing stablecoins:
-Good thread + article from @CurveCap on Yearn Finance’s long-anticipated tokenomics upgrade:
-Some stats and thoughts from @Flowslikeosmo:
-New episode of Steady Lads podcast on everything going on in crypto:
-New interview with macro expert and defi-evangelist @BiancoResearch from WTFinance:
-New video from @theempirepod featuring @santiagoroel and @JasonYanowitz discussing the SBF trial and other big things happening in crypto:
-Parting wisdom from @slugpoasts:
Conclusion
Happy Saturday degens! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable! :)
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Note
Our monthly sponsor for October is @ChainEDGE_io!
ChainEDGE is the creation of our good friend @OnChainWizard… well-respected on-chain expert and gigabrain active trader!
It is essentially an on-chain analytics tracker on steroids… designed to help active degens see a live feed of all the top on-chain traders, see new tokens as soon as they pop up, track smart money flows, and more!
Make sure to sign up now to try it out for yourself, and check out the tutorial walk-through video from @OnChainWizard himself below!
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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.