Happy Sunday 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: $2680.80
Oil (WTI): $68.18
US 10Y Treasury: 3.751%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Are you interested in the dark arts of delta-neutral arbitrage anon?
Are you looking to apr-maxx?
Are you a yield-enjoyoor?
If so check out the below video + thread from @vertex_protocol on how to use their platform for funding rate arbitrage!
It contains a wealth of info on how to utilize Vertex to benefit from the above!
And, as always, make sure to visit the Vertex site now at app.vertexprotocol.com to access 50+ perps and spot markets and a wide variety of exquisite yield opportunities! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Biggest gainer on the weekly among top 25 chains is Cardano (#29) at +27.89%.
Protocols are mixed to red today. Biggest gainer on the weekly among top 50 protocols is Aerodrome (#30) at +23.99%.
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)
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 @Strata_BTC. Twitter bio states “Strata is a platform for money that’s ushering the endgame with ZK + Bitcoin / Incubated by @AlpenLabs 🏺” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-Something new called @zarpay_app. Twitter bio states “Accelerating stablecoin adoption for the next billion users”. Followed by 10 of our mutuals. h/t @AresLabs_xyz:
-Something new called @Sega_so. Twitter bio states “Sega is the native DeFi platform built on the @SonicSVM ecosystem, offering swap and lending services.” Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $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)
-Another weekend of flat price action, h/t @DaanCrypto:
-Crypto watchlist for the week ahead, h/t @TheDeFinvestor:
-Narrative thoughts from @defi_octopus:
-1% of $BTC supply is currently locked in defi, h/t @intotheblock:
-Interesting piece of random alfa c/o @gammichan:
-Speculation on what lowered rates will mean for the proliferation of stablecoin projects/etc in crypto, h/t @Orlando_btc and @0xBalloonLover:
-’Coinbase App Store Indicator’ suggests we are still far from euphoria, h/t @COINAppRankBot:
-Bullish thoughts from @theunipcs:
-Interesting macro note from @Molson_Hart:
-Another newly uploaded Token2049 interview- from @ercwl- that is generating attention (click tweet to watch video):
-New episode of @thebellcurvepod going over the state of the crypto world, featuring @MikeIppolito_, @im_manderson, and @pythianism:
-New video on everything airdrop-related c/o @KryptoCove:
-Parting wisdom c/o @ChadCaff:
Conclusion
Happy Sunday friends! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb 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.