3️⃣ $GMX (13%)
GMX is getting close to $150m in total fees generated from traders/swappers on the protocol, 30% of which is revenue distributed to token holders and 70% to liquidity providers.
It's been clear that perpetual exchanges are one of the largest use cases in DeFi...
The GMX <> GammaSwap Snapshot proposal vote has ended. It was one of the most decisive governance votes @GMX_IO has ever received!
98.64% voted in favor of the proposal ($74.8M USD value) and only 1.36% voted against the proposal! 🫡
Excited to build with @GMX_IO! 🫐🤝👽
Do you really know Arbitrum, if you do not know its dominant player? 🤔
❇️ #realyield generating blue-chip DeFi protocol
❇️ Low-cost swaps and perps trading w up to 50x leverage
❇️ >200,000 users, >$90B in traded volume
A 🧵 on $GMX @GMX_IO ⬇️
It’s been a fun ride since the start of the #ARBID Episode series in early December.
& now we finally reach the doorstep of the .arb Domain Pre-registration!
Here’s everything about how to grab a .arb name in the pre-registration. #Arbitrum
Learn more:
https://t.co/xl8d81hZRq
🥳 Attn Devs:
Stylus is on its way!💙🧡
Join the brilliant @CryptoIsCute for the unveiling of Stylus, Arbitrum's next-gen programming environment deploying later this year—and learn why we say it’s “EVM+.”
https://t.co/QXI9kiMyS8
Announcement highlights🧵👇
Hi Steady Lad(y)s!
We’re very excited to share the launch of our Alpha version and we’re looking for a small group of testers (100 max) to help us out.
More details on how to become an Alpha Tester are revealed now in our Discord, so please join up!
👉 https://t.co/XCRUbgn49k
Steadefi's promises:
🫰 Advanced #yield opportunities with predictable returns
👨👨👧👧 A #DeFi community centered on high yield & risk management
🤝 Expansive network of partnerships with reputable protocols
❤️🔥 Features & #strategy paths for every investor class
Discord and alpha test sign up are launching in the next 48 hours!
Give us a follow if you'd like to join our #realyield crew...
(limited to 100 wallet addresses and yes, there will be perks and bonuses galore😄)
#AVAX#Avalanche
This market experience served as a catalyst for the core idea of our protocol: offering institutional-level #riskmanagement and automation for individual DeFi users, while providing them with something they had not found over the previous two years—predictable real yields.
18/20
Yield Shortcomings (3): Mismatch of risk vs reward
Conservative lenders looking for safe (albeit slightly lower) yields on an asset may suffer exposure to the risks involved with highly-leveraged borrowing.
15/20
Why do Leveraged Yield Farms end up costing you money?
Two central questions:
(1) Why does Steadefi exist?
(2) And what are the issues we are trying to address?
🧵 👇
Yield Shortcomings (2): Requires excessive position management
Most #LeveragedYieldFarming protocols require their investors to manually set up their own #MarketNeutral positions and then also manually rebalance them to ward off liquidation or bad debt ratios.
13/20
Good to know we are building in the right space!
We'd also like to express our solidarity for anyone hurt in this whole debacle. We are all crypto investors as well, so we understand the pain.
Only thing we can do for now is to keep trying to build something special for #AVAX.
The only true victims in all of this are retail users. That’s why transparency and risk management will always be the top priorities of the Steadefi team. Go #DeFi and stay #DeFi!