Happy Tuesday friends! Let’s get after it!
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):
Gold: $2665.50
Oil (WTI): $75.68
US 10Y Treasury: 4.043%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Yield-appreciaters and Solana maxi’s take note! @KaminoFinance is now offering a way to maximize your yield on JLP from @JupiterExchange!
JLP is the LP token from Jupiter- made up of a basket of assets including SOL, BTC, ETH, and USDC- and Kamino’s new ‘Multiply’ feature allows you to loop your JLP to earn exponential yield on it!
From the thread below:
“Currently, Kamino features two JLP Multiply vaults:
JLP/PYUSD - 99% Max APY
JLP/USDC - 90% Max APY
Both vaults feature one-click looping, with in-depth position tracking and management…
Significantly, not a single JLP position has ever been liquidated on Kamino - both due to Kamino's fine-tuned risk parameters & the relative stability of JLP/USD price…”
As you almost certainly know, Kamino is the powerhouse of the Solana ecosystem, currently accounting for over 29% of its total TVL!
We are going to be helping amplify all the gigabrain stuff they’ve been building, so make sure to follow them on Twitter and visit the site now to start yield-maxxing your JLP! And check out the thread below from them or this additional one for all the details on the above!
Biggest TVL Movers + Else
Chains are mixed today. Top 25 chains green on all there timelines (daily, weekly, monthly) include Sui (#7), Polygon (#9), and Aptos (#14).
Protocols are pretty reddish today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Aerodrome (#28), and Ondo Finance (#38).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M 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)
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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!)
-Something new called @gu_trade. Twitter bio states “By trench warriors, for trench warriors @arbitrum One & Orbit token factory built on top of @CamelotDEX . Launching soon”. Followed by 18 of our mutuals. h/t @Grantblocmates:
-Something new called @Gradient_HQ. Twitter bio states “The open layer for edge compute on @solana . #GradientSentry Open Beta now live.” Followed by 23 of our mutuals. h/t @Grantblocmates:
-Something new called @tomo_wallet. Twitter bio states “All-in-one social wallet. Backed by @polychain. Created by @tomo_social.” Followed by 6 of our mutuals. h/t @Grantblocmates:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ 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)
-Binance pre-market listing fueling anticipation Scroll airdrop is imminent, good breakdown and links to additional info from @castle__cap:
-China assets crashing is the main topic in macro today, h/t @zerohedge:
-Longer form explanation on the above, h/t @krugermacro:
-Bond yields, dollar, and oil all up this week, h/t @zerohedge:
-Crypto news items c/o @0xSalazar:
-Additional headlines c/o @blocmatesnews:
-Important points re: airdrop security c/o @heycape_:
-Kujira/Rujira re-brand continuing:
-Interesting memecoin thoughts from @Shaughnessy119:
-Fed policy check-in from @NickTimiraos:
-Interesting thoughts from @MikeIppolito_:
-Excellent new video discussion between @ManoppoMarco and @2lambro on everything going on in the crypto markets:
-Interview from @TaikiMaeda2 with popular long-time CT figure Messi:
-New crypto/macro livestream from @noahseidman:
-New @milesdeutscher memecoin video:
-New video of overall market and cycle analysis from @Jesseeckel:
-Parting wisdom c/o @crypthoem:
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.