gm @GBlueberryClub frens!
I was curious about the reward APR from holding a berry for @GMX_IO stakers, so I wrote a script to run the numbers.
Well, you're not getting rich from it! Today, holding a GBC offers approx 0.84% APR on your staked GMX, paid in esGMX.
Details ๐
IMO @GMX_IO swaps is an underestimated part of its offering - as liquidity deepens (oh hello @UmamiFinance delta-neutral vault ๐) and more aggregators & arb bots integrate gmx, this volume will only increase, especially for large swaps (no slippage/price impact).
If you liked this, don't forget to RT & follow me! I'll be doing more random analysis (suggestions welcome!) as well as some other interesting things soon ๐
..oh and I should also note that this could be wrong. I'm going on docs and haven't had it verified by anyone - @xm92boi?
gm @GBlueberryClub frens!
I was curious about the reward APR from holding a berry for @GMX_IO stakers, so I wrote a script to run the numbers.
Well, you're not getting rich from it! Today, holding a GBC offers approx 0.84% APR on your staked GMX, paid in esGMX.
Details ๐
So should I sell ser?
Absolutely not! Berries are awesome, and the esGMX rewards are simply a BONUS from @GMX_IO.
As well as tasting delicious, berries have *real* utility in the pipeline that will enhance your experience on GMX. I'm bullish on berries, frens.
Couldn't resist the color coordination this berry has achieved. Needless to say he's a fan of pink. Thanks for having me, @GBlueberryClub!
Is #berryfollowberry a thing?! ๐ซ
A #RealYield trend on #CT was started this week by DeFi natives @IntrinsicDeFi & @MrGrumpyNFT.
What does this mean? It means DeFi 3.0 protocols like @GMX_IO, that are low or non-inflationary, pay protocol revenue to stakers in non-native tokens like $ETH.
๐งต๐