Happy Sunday 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: $1,939.60
Oil (WTI): $85.55
Stocks (from:@News4Moves): N/A
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Attention all flywheel-enjoyoors: @Paladin_vote has an important update!
As recap… Paladin has built an incredible platform which allows governance token holders (e.g. veCRV, veBAL, vlCVX, vlAURA, veTETU, etc) to delegate their voting power to earn bribes (ie yield) in the easiest and most profitable manner possible, and helps protocols incentivize voting just as easily and efficiently.
In their important new article they outline the following update on ‘Pledge’:
Pledge is the new name Warden v3, a non-custodial veBoost marketplace built to enable veToken holders to benefit from additional revenue streams while maintaining ownership of the asset and all its additional perks (gauge weight voting, governance power, admin fees…).
Initially built to maximize sophisticated farmers’ yield, Pledge is slowly becoming a more generalized boosted utility marketplace powered by the innovation brought by Curve with veTokenomics.
Pledge introduces numerous improvements including a better buying experience, more reward tokens, and more! Make sure follow the Paladin team on Twitter and check out their below thread for more info on Pledge!
Biggest TVL Movers + Else
Chains are mixed today. For top gainers… Base is up 112% on the weekly at $389M TVL, Evmos is up 72% on the weekly with $1.94M TVL, and Gnosis is up 23% on the weekly with $65M TVL.
Protocols are also mixed today. Top 100 protocols up at least 10% on the weekly include Binance Staked ETH (#22), PulseX (#58), BiSwap (#72), MatrixDock (#73), and Silo Finance (#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 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows/Outflows
-24 Hour Smart Money Summary From @OnChainWizard:
September 02, 2023 chainEDGE - Today's Summary Slow day in terms of flows over the last 24hr. LINQ, TON, SG, PEPE and LBR have been leaders with $40-60k of net inflows each. For newer coins, EMOTI and FLASH have led the way with $27k and $11k of inflows respectively. Small outflows were seen in SHIA, SILO, MONEY and PARROT. From a portfolio perspective, UNIBOT, RLB and PEPE are smart money holding leaders, with $4mm+ each. OX and BITCOIN holdings have fallen quite a bit, down to less than $1.5mm each. For new coins with $100k+ of holdings: DMT, HOUSE, AXE and SG were notable holdings. $200k+ PnL traders with $1k min size were seen buying new launches FLASH, EMOTI and PVPBOT over the last 24 hours. Trade(s) of the day goes to smart money taking 6 figure profits on LINQ (see bottom of home page filtered for 30 days).
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 called @kravtrade. Twitter bio states “Decentralized Quanto Exchange on Base Trade BTC using any altcoin as collateral - $KRAV”.
-New project called @darkforestERC. Twitter bio states “Democratizing Mempool Tools for Illuminating Your Path. Powered By Flashbots, bloXroute, Mevscan.” h/t @CryptoNikyous:
-Something new on Base called @BaseChain3D has been added to @DefiLlama and is listed as a dex. Twitter bio states “Welcome to Base3D! The 1st Decentralized Hourglass Smart Contract built on Base! Earn ETH in 3 Dimensions!”
-Previously-mentioned ETH Mainnet CDP protocol @0xAlternity has been added to @DefiLlama. Twitter bio states “Immutable borrowing protocol that provides decentralized $CNY stablecoin backed by $ETH collateral.”
Security Alerts
-Security thread/alert from @AmirOrmu on what are apparently some ongoing OTC scams:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, 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)
-Extreme lows on ETH Mainnet gas fees right now, h/t @evan_van_ness and @rektfencer:
-Vitalik apparently sold all of his $MKR yesterday:
-Ongoing bear market in crypto Google searches, h/t @Dynamo_Patrick:
-An interesting one year comparison of defi TVL data, also h/t @Dynamo_Patrick:
-Some interesting macro comparisons re: 1970’s to present in US:
-Interesting Reverse Repo chart from @JJCycles + tweet on same from @zerohedge:
-Co-Founders of Gala Games $GALA are apparently suing each other, h/t @EverythingAjay:
-Interesting macro thread on rising oil prices from @BiancoResearch:
-Thread from @Flowslikeosmo on ten tokens to keep an eye on:
-Thoughts from @Pentosh1:
-New video from @TaikiMaeda2:
-New macro video from @GeorgeGammon:
-Another good new protocol breakdown from @Ceazor7, on Router Protocol:
-Encouraging sentiments from @DeFiMinty:
-Parting (general) wisdom c/o @realEstateTrent:
Conclusion
Happy Sunday degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable! :)
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***Note On Material: The ‘Spotlight’ section 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.