From today, @zkerafi is available on 3 networks: @zksync, @MetisL2 and @HelloTelos
$300k MC perp DEX with staking, referrals, trading contests, hedging features...
$WIF is going to successfully break that $1 memecoin resistance where so many others have failed before. And when that happens a few kindred spirits will follow suit before the portal closes again.πΏ
Happy to announce that we are increasing the maximum capacity of our strategies on @kava_chain:
$KAVA - $USDT + $250k
$ETH - $USDT + $250k
Provide liquidity, join GMI, and claim a premium upon entering.
Please note that there is a requirement to hold at least 20% of the reserved $WAGMI when entering GMI in the form of $WAGMI or $sWAGMI.
Happy to announce that we are increasing maximum capacity of our optimized strategy pools:
$ATOM - $KAVA pool to $400k
$KAVA - $USDT pool to $600k
Provide liquidity, join GMI, and claim premium upon entering.
Please note that there is a requirement of holding at least 20% of reserved $WAGMI when entering GMI in form of $WAGMI or $sWAGMI.
Here is some additional info about https://t.co/NisX0vu1bC that can be very useful for understanding the excellence of what is already there and what's coming further.
I personally would call it an "Evolution of @PopsicleFinance"
Wagmi uses the principle of automated liquidity management and enhances capital efficiency by offering highly profitable strategies for liquidity utilization. Currently they generate a very decent returns.
Hence, the liquidity providers can simply join strategies and not bother with self management of the positions.
However, the real smart money excellence happens with $GMI.
Users may lock their strategy positions into GMI, therefore, sharing their fees with other GMI holders but at the same time earning fees from them too. In other words, it becomes a big shared pool of liquidity that may contain several strategies. Therefore diversifying possible exposure to specific liquidity pool.
But that's not it....
While entering the GMI, user reserves the right to exit in a fixed amount of $WAGMI tokens + premium.
i.e. if $WAGMI is at 1 cent and premium is 20%,
10k USD worth of ETH/USDT position would reserve for you a right to trade your liquidity for 1 000 000 + 200 000 $WAGMI tokens at any time in future.
Yes, you can't really withdraw your ETH/USDT LP it's locked forever. But who cares?
You are hedged while longing $WAGMI with premium!
Earn double or tripple digit APR% in real yield and wait while your 1.2 mill $WAGMI can buy you a yacht!
And here is the cherry on the top....
Anyone who leaves GMI and withdraws his $WAGMI, leaves his initial liquidity position for all GMI holders and protocol fees in a half/half ratio.
Any GMI leaver boosts APR for current GMI holders as your GMI's now earn fees from leavers position as well!π¨οΈπ¨οΈπ¨οΈ
Protocol starts earning more and more fees from leavers positions and performance, GMI holders earn more yield, $WAGMI holders share protocol fees.... what a masterpieceπππ
We trade liquidity for yield + option for $WAGMI.
That's what we call liquidity commitment model, that's what actual "smart money" play is. πππ
For those who still don't know, $ICE (@PopsicleFinance) is migrating to $WAGMI βοΈ
#WAGMI protocol is a limited TVL DEX with advanced liquidity provision strategies and GMI.
What does it mean in short?
- Needs less TVL
- Utilizes TVL better
- Generates sick APR π₯
U want to be early to a @danielesesta project? Well $WAGMI is the "best project [he's] ever created", and it's early af and steady growing. They chose to first launch on $KAVA chain (dead chain) inorder to showcase their product w results. Worth making a bet on imo. Reviving KAVA
Thrilled to share an important milestone reached by WAGMI on Kava today!
Today we reached a trading volume of $1,000,000, which represents 66% of the total volume on @kava_chain, making WAGMI an important part of and contributor to the entire Kava ecosystem.
The majority of our volume was generated in our $USDT - $KAVA pool.
Yesterday, we increased the Max. Cap on the $USDT - $KAVA LP optimized strategy, and today, we can see that this same pool generated over $650k in volume alone.
The fees we captured are distributed to GMI holders, which is generating over 130% APR in real yield. With the introduction of new pools, such as $WETH - $USDT very soon, we expect to claim an even larger share of the total volume and bring more yield to our users.
Why is this important for the protocol? The protocol is entitled to 50% of those fees in the future, once the full cycle for GMI happens. When users exit their GMI positions, 50% of the fees generated by the LP they provided will go to the protocol, while the other 50% goes to the remaining GMI holders.