Happy Friday lads and ladettes!
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: $2392.00
Oil (WTI): $79.10
US 10Y Treasury: 4.398%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! Our friends at @InitCapital_ just released their first official Margin Trading Hook!
“How does it work?
User deposits $USDB as collateral
1. For Long $ETH speculation, user borrows more $USDB to swap to $ETH.
2. For Short $ETH speculation, user borrows $ETH to swap to $USDB.
Each scenario happens in 1 click with the Margin Trading Hook.”
This hook will also allow users to earn INIT Points (3x multiplier on deposit/borrow points), Thruster Credits (2x multiplier for the first swap), Blast Gold, Blast Points, + $USDB yield from deposits!
Once again, Init is a new project on Blast and Mantle we are helping raise awareness about who are building some extremely cool stuff! If you are a hardcore defi enthusiast and haven’t heard of them we highly encourage you to check out this thread to learn more and follow them on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are quite green today. Chains with at least $1M TVL up at least 100% on the weekly include Neutron, Nolus, and zkLink Nova.
Protocols are quite green today as well. Protocols with at least $1M TVL up at least 500% on the weekly include uncategorized ETH/ARB protocol Temple DAO, multichain payments protocol Streamflow, DFS/EOS dex DeFis Network, gaming project called DeFiVerse on DeFiVerse chain, and a dex called Gaming Dex on DeFiVerse chain.
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
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 @MasterProtocol_. Twitter bio states “LSDFi across BTC Ecosystems 🌠Join to earn airdrop… Join Discord…” Followed by 6 of our mutuals.
-New project called @VesselFinance. Twitter bio states “Next Level All-in-one ZK Exchange…” Followed by 1 of our mutuals.
-Something new called @pactsmarket. Twitter bio states “Onchain incentives marketplace. Monetize your onchain history...” Followed by 3 of our mutuals.
-New project called @aogamesorg. Twitter bio states “The world's 1st fully decentralized gaming launchpad 🎮 Powered by AO @aothecomputer the hyper-parallel computer”. Followed by 3 of our mutuals. h/t @Areslabs_xyz:
-New lending protocol on Neon EVM called @Lumen_Money has been added to @DefiLlama. Twitter bio states “Lumen Money is a decentralized, non-custodial liquidity market protocol on #NeonEVM. $LUMEN $NEON”. Followed by 1 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-@pumpdotfun suffered a rather bizarre exploit yesterday, more info available on Twitter but here is a short summary from @WuBlockchain:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Crypto liquidity trending up again, h/t @tedtalksmacro:
-Bullish macro/crypto thoughts c/o @_10delta_:
-$DRIFT airdrop took place yesterday, short thread on it from @PineAnalytics:
-SOL/ETH ratio at all-time high’s, h/t @0xGumshoe:
-Crypto-focused senate vote yesterday generating massive attention, good thread summarizing it + nuances + implications below c/o @avichal:
-Major news/headline recap c/o @0xSalazar:
-More headlines c/o @TheDeFinvestor:
-Thoughts on ETH ETF question from @basedkarbon:
-Interesting data point on new tokens c/o @tradetheflow_:
-Interesting thread of thoughts/info on airdrop meta as it stands today, h/t @DefiIgnas:
-Valuable trading alfa c/o @0xbags:
-New episode of NFA Live:
-New Q&A video with macro gigabrain @LukeGromen:
-Latest update on all things airdrop-related from @KryptoCove:
-Another good crypto-adjacent video from a16z:
-More gem-hunting from @blocmatesdotcom:
-Parting wisdom c/o @ccossio via @QuotableCrypto:
Conclusion
Have a great Friday and stay alert out there friends!
And please RT/subscribe/etc if you found this valuable!
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Note
Important update from the team at @vertex_protocol - who are going to be doing a new ‘Buyback & Burn’ program!
Originally they had intended to utilize a ‘Buyback & Stake’ program, but have decided to shift to a ‘Buyback & Burn’ model instead. This program will utitlize protocol revenue (from trading fees, etc) to buy VRTX on the open market and burn it!
Once again, Vertex is our Official Monthly Sponsor and has been rolling out all kinds of bullish announcements and innovations of late, including their revolutionary new cross-chain liquidity system @EdgeLayer, their fiat on/off ramping integration with @transak, and a new upgraded referral system that is geared up for release!
If you are an active trader then make sure to get started with Vertex now, and get access to 30+ perp & spot markets on their site at http://app.vertexprotocol.com, or explore some excellent apr’s for providing liquidity!
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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.
