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The Daily Degen – December 21st, 2022 thedailydegen.substack.com
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Email The Daily Degen – December 21st, 2022 All of today’s news/data/alerts…The Daily Degen Dec 21
8
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The Daily Degen – December 21st, 2022 thedailydegen.substack.com
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Email Happy Wednesday friends! Another crazy day in both crypto and macro 🙂
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
Market Update
Crypto:
Top Cryptocoins Ticker @TickerTop 1: Bitcoin price is $16875.79 (0.06% 1h) 2: Ethereum price is $1216.26 (0.09% 1h) 3: Tether price is $1.00 (0.00% 1h) 4: USD Coin price is $1.00 (-0.00% 1h) 5: BNB price is $249.11 (0.14% 1h) 8: Dogecoin price is $0.07 (0.13% 1h) 10:03 AM ∙ Dec 21, 2022 СryptoBubblesDaily @cryptobubbles24 The global #crypto market cap today is $0.85T, a 1.74% change in the last 24h.Total trading volume in the last 24h is at $43.8B.#BTC dominance is at 38.34% and #ETH – 17.27%.21.12.2022 2:11:14 (UTC) #DeFi #NFT #BSC #Tether #AVAX #XRP #TRX #Solana
2:13 AM ∙ Dec 21, 2022 Gold: $1,816.90
Oil (WTI): $76.25
Stocks:
woodstock.club | SNS型投資アプリ @woodstockclub 🇺🇸Market Recap(変動率)🇺🇸 🈯ETF $VOO (S&P 500): -0.325% 📉 $DIA (Dow Jones): +0.305% 📈 $QQQ (Nasdaq 100): -0.078% 📉 💲GAFAM終値 $GOOGL: +0.656% 📈 $AMZN: +0.2% 📈 $META: +2.28% 📈 $AAPL: -0.053% 📉 $MSFT: +0.561% 📈 🔐暗号資産 $BTC: +2.536% 📈 $ETH: +3.845% 📈 9:30 PM ∙ Dec 20, 2022 5 Likes 1 Retweet
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Our gigabrain friends at @pendle_fi have another important update, as they have just started a special liquidity mining program with KyberSwap (see below!).
If you aren’t familiar with @pendle_fi , they are an extremely interesting protocol in the yield/derivative space that we are pleased to be helping spread the good word about…
Check out their site or Discord to learn more about them!
Pendle @pendle_fi Liquidity mining rewards for KyberSwap PENDLE-ETH Elastic Pool are now LIVE! 📅Ending date: 6 Jan 2022, 13:59 UTC 🌾Rewards: $20,000 $KNC + $PENDLE Don’t miss out on this chance to earn some juicy rewards ⬇️ kyberswap.com/farms/ethereum
2:00 PM ∙ Dec 15, 2022 23 Likes 12 Retweets
Biggest TVL Movers
Chains are mixed today.Biggest gainers on the weekly among top 30 chains are Gnosis (#29) at +3.0% and Aptos (#30) at +15.43%.Biggest losers are Algorand (#19) at -17.48% and MultiversX (#22) at -15.14%.
Protocols are mixed today.Biggest gainers among top 100 protocols on the weekly are Gearbox (#52) at +14.01%, and Swapfish (#97) at +62.06%.
Biggest losers are xExchange (#65) at -18.27%, and Ribbon Finance (#84) at -18.93%.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama – note: there is no TVL filter on this one so some of these are very small) :
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama – note: minimum $1M TVL only) :
Other Data Points
Bitcoin Fear And Greed Index
(from @BitcoinFear):
Bitcoin Fear and Greed Index @BitcoinFear Bitcoin Fear and Greed Index is 26 ~ Fear Current price: $16,907
12:00 AM ∙ Dec 21, 2022 230 Likes 44 Retweets Ethereum Fear And Greed Index
(from @EthereumFear):
Ethereum Fear and Greed Index @EthereumFear Ethereum Fear and Greed Index is 36 ~ Fear Current price: $1,218 opensea.io/assets/0x7fa81… etherscan.io/token/0x7fa813…
12:00 AM ∙ Dec 21, 2022 24 Likes 2 Retweets Crypto Volatility Index
(from @CVIdaily)
CVI Daily @CVIdaily The Crypto Volatility Index is at 71.20 📊 The CVI ranges between 0-200 0-85 ≈ Low volatility 85-105 ≈ Medium volatility 105-200 ≈ High volatility Trade #volatility (CVOL): Platform 👉🏻 cvi.finance Sushiswap 👉🏻 sushi.com/swap?token0=0x… @official_CVI $CVOL $GOVI
9:00 AM ∙ Dec 21, 2022
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) – hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New protocol called @SmileeFinance.Twitter bio states “The first primitive to create Decentralized Volatility Products (DVPs).Bringing convexity to #DeFi”.h/t @TheMetas_:
MetaHacker @TheMetas_ 4/9 @SmileeFinance (406 followers) is building a new class of DeFi products – Decentralized Volatility Products (DVPs).
Smilee wants to make it easier to hedge against volatility – think of it as the VIX of crypto.Smilee was part of 2nd cohort by giga chads @neworderDAO 12:46 PM ∙ Dec 20, 2022 -Something called @HallidayHQ is apparently launching in Q1.Twitter bio states “Buy gaming & metaverse NFTs and start using them right away.
Gain full ownership after a few easy payments.” h/t @clarckwang:
ClarkWang.eth @clarckwang @HallidayHQ – the play first pay later #protocol will launch in Q1 2023.The brief content of the latest #AMAs is here.#NftGame #nft #Web3 #GameFi @a16z link.medium.com Halliday — Play first pay later Protocol will launch in Q1 2023 Q:What is the timeline for the launch? What games are u focusing on? What network are u going to support first, Ethereum or probably some… 1:08 AM ∙ Dec 21, 2022 -Something called @QBlockchain.Twitter bio states “Q combines the benefits of a public, open and decentralized ledger with the transparency of enforceable private contracts.” Is also about to potentially do something called the ‘Athos hard-fork’(?):
Q Blockchain @QBlockchain 1/3 The #Athos proposal is now open for voting.If accepted, this proposal will result a hard fork of the #Qblockchain with significant upgrades😎
11:27 AM ∙ Dec 20, 2022 6 Likes 2 Retweets -New protocol called @blackwing_fi.
Twitter bio states “The first perps & spot trading on @Aptos_Network powered by @Ferumxyz 🚀 DM for private invite link.” h/t @TheMetas_ again:
MetaHacker @TheMetas_ 2/9 @blackwing_fi (1,373 followers) is the first perps and spot trading platform on @Aptos_Network .Think of it as the Raydium + MangoMarkets of Aptos.Tip: Blackwing has an open waitlist right now.Who knows what the rewards for being early might be 👀 12:46 PM ∙ Dec 20, 2022
Security Updates
-@PeckShieldAlert released the following alert:
PeckShieldAlert @PeckShieldAlert #PeckShieldAlert Stablecoin $USDN at $0.535
Sasha.waves @sasha35625 Two things: – I will launch a new stable coin – There’s gonna be a $USDN situation resolution plan set in motion before.
7:47 AM ∙ Dec 21, 2022 57 Likes 19 Retweets -@CertiKAlert with security info:
CertiK Alert @CertiKAlert #CertiKSkynetAlert 🚨 1/ Ice phishing is a considerable threat to the Web3 community Instead of gaining accessing to your private key, scammers trick you into signing permissions to spend your assets.We’ll outline below what to look out for, and how to protect yourself! 8:20 PM ∙ Dec 20, 2022 37 Likes 18 Retweets
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, no-IL, and single-exposure only) and @stable_fish – note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Proposed $1.7T omnibus spending bill in US is generating intense discussion:
Edward Snowden @Snowden The worst people in politics from both parties have teamed up to demand Congress rubber-stamp a 4,155-page blank check—many times the length of the Bible.A check for $1,700,000,000,000 of your money.And they want it stamped before anyone can actually read it.
Sounds legit.11:22 PM ∙ Dec 20, 2022 65,434 Likes 15,199 Retweets -Very interesting story re: Visa got a lot of attention yesterday:
The Defiant @DefiantNews Payments giant @Visa unveiled plans for auto-payments on Ethereum L2 @StarkNetEco 💳 🤝 Visa’s proposed solution would use a new system called ‘Account Abstraction’ to enable people to pay recurring bills while maintaining custody of their assets.
7:19 PM ∙ Dec 20, 2022 86 Likes 23 Retweets -Stablecoin $LUSD from @LiquityProtocol is coming to Arbitrum:
Liquity @LiquityProtocol LUSD is coming to @arbitrum next! 🌠 Next to Optimism, Arbitrum is the second scaling solution to welcome the most decentralized stablecoin on Ethereum 🔥 A 🧵 re: LUSD on Arbitrum, including liquidity and bridging
4:47 PM ∙ Dec 20, 2022 201 Likes 35 Retweets -@milesdeutscher released an interview with @gametheorizing that generated intense discussion on Twitter:
Miles Deutscher @milesdeutscher I just interviewed Jordi ( @gametheorizing ), safe to say my mind was blown.
Over an alpha-packed 101 minutes, we discussed: • When #Bitcoin is likely to bottom • Jordi’s top plays for next cycle • BTC vs ETH and MUCH more.🧵: Here are the 10 most important takeaways.👇 2:41 PM ∙ Dec 20, 2022 1,307 Likes 271 Retweets -Potential contrarian indicator in US real estate?
Pendulum Flow 🕰️ 🌊 @PendulumFlow Forgive me but when is the general consensus ever right? 79% of Americans are investment gurus now.Nick Gerli @nickgerli1 Fannie Mae is reporting that 79% of Americans think it’s a “BAD TIME to Buy a House”.❌🏠That’s historic housing pessimism.
A record.
We’ve never seen anything like it before.Suggests that Housing Downturn will get even worse in Spring 2023…https://t.co/2IkzXT1CKN 5:51 AM ∙ Dec 21, 2022 6 Likes 1 Retweet -Waves founder @sasha35625’s tweets generated intense discussion on Twitter today:
Sasha.waves @sasha35625 Two things: – I will launch a new stable coin – There’s gonna be a $USDN situation resolution plan set in motion before.9:37 AM ∙ Dec 20, 2022 435 Likes 92 Retweets Tree of Alpha @Tree_of_Alpha @sasha35625 My brother in Christ more stablecoins to depeg is not the answer 9:38 AM ∙ Dec 20, 2022 249 Likes 1 Retweet Sasha.waves @sasha35625 @Tree_of_Alpha it will be undepeggable 9:38 AM ∙ Dec 20, 2022 69 Likes 5 Retweets -@Truflation data suggesting US inflation numbers are going down while UK inflation numbers are going up:
Truflation💡 @truflation Truflation summary, Dec 20, 2022 🇺🇸 5.77% 🇬🇧 19.83% Learn more at app.truflation.com #inflation
10:07 PM ∙ Dec 20, 2022 60 Likes 9 Retweets -Important news re: Sushiswap:
Barry Fried 🦇🔊 @BarryFried1 Update: Passed 😐 https://t.co/UrGuhryZT9 Barry Fried 🦇🔊 @BarryFried1 Sushiswap gov proposal to direct all protocol revs to treasury (away from xSUSHI) ending today, & coming down to the wire-ish (with “yay” in the lead) Top two voters are obvs both “yay” (91% of all “yays” lmao) — Goldentree @ no 1 &… the infamous redeemer of 2bn USDT @ no 2?? https://t.co/6O4NcSWBrb 7:03 PM ∙ Dec 19, 2022 21 Likes 1 Retweet -Bitcoin miner bankruptcy:
Watcher.Guru @WatcherGuru JUST IN: #Bitcoin mining giant Core Scientific $CORZ to file for bankruptcy.4:42 AM ∙ Dec 21, 2022 2,657 Likes 561 Retweets -Some zk-rollup alfa from @thedefivillain?
VIKTOR @thedefivillain List of zk-rollups to keep an eye on : – StarkNet @StarkWareLtd – zkSync @zksync – Polygon zkEVM @0xPolygonHermez – Scroll @Scroll_ZKP – Aztec @aztecnetwork (privacy focused) – Loopring @loopringorg – ZKSpace @ZKSpaceOfficial 12:51 PM ∙ Dec 20, 2022 217 Likes 56 Retweets -@y2kfinance releases their token:
Y2K Finance @y2kfinance 1/ Today is a momentous day for @y2kfinance 🙂💥 We are proud to announce the official TGE launch of $Y2K (and $vlY2K!)
4:05 PM ∙ Dec 20, 2022 226 Likes 49 Retweets -Extremely well-researched thread on $TON from @jake_pahor:
Jake Pahor @jake_pahor Part 1 of my deep dive research series – TONCOIN Can telegram leverage their 550 million + users to drive $TON to new heights?? 🧵🤳 1/
3:01 PM ∙ Dec 20, 2022.