This article is pretty much all you need to start trading like a pro on @GammaSwapLabs V2.
Even better, there's an ongoing V2 Testnet Competition w/ $5k in rewards up for grabs while you test out its 5-min BTC + ETH Up/Down markets.
The competition ends 29 Sept 4PM UTC (~1.5 days left) which is a pretty good opportunity to familiarise yourself with how short-duration binary markets trade while there's still something extra on the line.
Note: Minimum $100k aggregate trading volume is required to qualify for rewards.
Pretty good opportunity to familiarise yourself with how short-duration binary markets trade while there's still something extra on the line.
Feel free to refer to my post below for more deeds 👇
The UI is seeing delays again due to massive growth in activity. For reference, we are processing 100k+ fills and 1M+ orders per day.
Matching engine is working flawlessly but the interface is a bit behind. Hot fixes coming now with a more robust solution for mainnet launch.
We're working on improving the yields of @GammaSwapLabs gTokens which improves GammaPool APYs. Haven't made the change yet but this is the type of results you'd see. Most of the day gETH earned ~100% APY (though with great risk) while its GammaPool earned 47% APY from swap fees
You can think of GammaSwap's Yield Token technology as stabletokens 2.0.
The value of gETH is relatively stable vs ETH while earning yield from AMMs.
...coming soon gBTC and gUSDC
Giga quants at @GammaSwapLabs figured out how to run Ethena-style basis trade on AMM yields. Works with any token. First up is ETH. Currently 38% APY.
Read that again.
In anticipation of the launch of gETH (+ other yield tokens), we will be releasing an incentive program known affectionately as GammaSwap Summer! A nod to the nostalgic DeFi Summer that made many of us fall in love with crypto.
🧵☀️👇
A little personal lore for anyone interested...I wanted to share what originally drew me to crypto and how I see it as a way of honoring my ancestors.
I’m Jewish on both sides of my family. Growing up, I thought it was only through my dad’s side, but later my mom discovered in her grandmother’s will that we were also Jewish through her.
My great-grandmother immigrated to New York from Budapest, Hungary just before the German invasion. At the time, Hungary had already begun passing a series of anti-Jewish laws meant to systematically exclude Jews from public life:
First Jewish Law (1938): Limited Jews to 20% of positions in fields like law, medicine, engineering, commerce, and banking.
Second Jewish Law (1939): Introduced racial definitions of Jewish identity, reduced that quota to just 6%, and banned Jews entirely from state employment, teaching, and the military.
Third Jewish Law (1941): Prohibited intermarriage between Jews and non-Jews and marked the beginning of widespread asset seizure.
Fearing what may come, my great-grandmother left Hungary for the U.S. She stopped practicing Judaism, changed our family name from Arndt (which means “Eagle Ruler” in German...pretty badass) to Haas, and never told her children they were Jewish. She did it out of fear: if employers knew we were Jewish, she thought we’d be locked out of high-paying careers.
Despite this history, my grandfather thrived in America. He went to Princeton, served in both the Korean and Vietnam wars, and rose to the rank of Brigadier General in the U.S. Marine Corps, it the first level of general officer, just below Major General.
After his service, he built a successful career in finance.
Even though he never knew his original name, I like to think he truly did embody our family name, Arndt meaning Eagle Ruler. He served a country symbolized by an eagle and led men into battle.
I often think about how quickly a government can turn on its own people. My great-grandmother had to erase her identity just to survive. Her history is one of the reasons I was drawn to crypto. It’s not just about tech or finance, it’s a way to protect ourselves against tyranny. In crypto, you can be anonymous. No one knows your nationality or background. What matters is merit. It’s a space where power shifts away from centralized institutions and back to individuals.
I would not be as passionate about crypto if I didn’t know my family’s story. Crypto technology offers a path to sovereignty and individual protection...something my ancestors never had.
In that way, I like to think I honor them by building in this space.
Highly recommend you watch, @_Jonahw at Skycatcher is the lead investor in GammaSwap and has unique insights into crypto markets
I value our conversations alot because he helps me see things from a different perspective. His fund has also done quite well since inception
THE IMPERMANENT LOSS KILLER 🤪
It’s been nearly a year since I discovered GammaSwap, and I was instantly hooked.
I even had the chance to chat with @0x_danr , the CEO, on my channel back in June 2024 and he was already talking about Yield Tokens.
Now we’re getting closer, and honestly, this is one of the most exciting DeFi products I’m dying to try.
As you already now, impermanent loss kills profits. Unless you’re farming insane APRs, LPing (especially in v3) just doesn’t make sense long-term.
@GammaSwapLabs wants to fix this with a simple idea:
Hedge it automatically while still farming yield.
These Yield Tokens can be used in other protocols like Pendle to lock in rates, or in Money Markets as collateral to loop, borrow, and boost returns.
esGS liquidity mining has started for DeltaSwap pools on @base
200k in weekly esGS will be distributed each week to qualifying pools:
1️⃣ weETH/USDC - 150k esGS (75%)
2️⃣ WETH/USDC - 50k esGS (25%)
1/10 GammaSwap: The Degen's Dream in DeFi Options Trading
Solving on-chain options trading and redefining leverage and options as a combined degen product.
#DeFi#Crypto#Options
Reasons the new @GammaSwapLabs yield tokens are going to be a 🔥 addition to the protocol
1. The tokens are completely composable (loop it in a money market, trade it on @pendle_fi for leveraged points & to speculate on DEX volumes)
2. They are a token so you can consider the yield as part of capital gains tax instead of income depending on your jurisdictions (NFA)
3. No IL (fuck IL)
4. The yields can be donated to GammaSwap LP pools to scale TVL even further and create negative spreads (a first for any lending market in DeFi ever)
5. Simple to use. No knowledge of hedging required. Just buy the token like stETH or USDe and collect the yield :)
Today is the day, GammaSwap has officially hit 10M in TVL @GammaSwapLabs
As the folks @pendle_fi like to say, jobs not finished. With all of the product improvements we are working towards, 9 figure TVL is right around the corner 👀
Although @GammaSwapLabs is still complex and nascent (working on automating complex hedging with yield tokens), it is great to see users executing successful hedges manually 👀
IL will soon be only a nightmare from the past🫡
MLGA (Make LPing Great Again)