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Last 2 weeks I recently enjoyed @GambitProtocol and after my experiences I think the project deserves an alfa thread so here we goo
Gambit is a project with a simple design that meets complex needs, this thread explains the details https://twitter.com/SillyPunts/status/1378868239405510656?s=20
TDLR;
-">https://twitter.com/SillyPunt... Perps Contracts up to 30x
- Zero Slip Swaps
- Yield Bearing Stablecoin w/ $USDG
TDLR;
-">https://twitter.com/SillyPunt... Perps Contracts up to 30x
- Zero Slip Swaps
- Yield Bearing Stablecoin w/ $USDG
Let& #39;s start with the perpetual contracts side because that& #39;s what I used the most. Currently you can go long $BNB, $BTC and $ETH up to 30x. I did it myself, it works and the experience is similar to a CEX tbh.
Entry Price is given by Chainlink, trades occur with 0 slip, 0 spread and fully collateralized by the underlying asset no matter the size, wonderful isn& #39;t it ?
The impressive thing is how Gambit& #39;s funding fees are much lower than the rest of the market, it& #39;s often 2 to 3x cheaper for longs than on FTX. It& #39;s BTC in the example but funding fees are this low on other pairs as well. Here we can speak about DeFi eating CEX& #39;s lunch for real.
Now let& #39;s speak about the Volume/TVL Ratio since @haydenzadams cancelled the TVL meme we had to pump our bags easily,
Average Volume since launch : 6,702,887$
AUM : 14,260,527$
Volume/TVL : 47%
Very good (âŻâĄâŻ)
Average Volume since launch : 6,702,887$
AUM : 14,260,527$
Volume/TVL : 47%
Very good (âŻâĄâŻ)
But this volume don& #39;t come from Perps only, there is also the zero slip swaps thing..â
Assets on Gambit are sold to the system for USDG and held in a sort of "smart pool". Because of it swaps can be done with zero slip and a nominal fee.. Now let me share u the real alfa..
Assets on Gambit are sold to the system for USDG and held in a sort of "smart pool". Because of it swaps can be done with zero slip and a nominal fee.. Now let me share u the real alfa..
Gambit quotes for major pairs on BSC like BUSD/USDT, BNB/ETH are better than @1inchNetwork , @paraswap or @BreederDodo. What this mean ? It mean that aggregator will most likely integrate the protocol to stay competitive and give the best prices to their users.
This means a lot more volume and fees for the DEX, all of which go to USDG and xGMT which already earn 6% and 20% APR respectively, paid in BNB.
Translation : I don& #39;t need u to pump my bags, you will do it no matter how ;)
Translation : I don& #39;t need u to pump my bags, you will do it no matter how ;)
Now you& #39;ll ask yourself how I could have missed such a protocol? Why aren& #39;t 3AC and Parafi investors? Where is the fraud?
It& #39;s the truth lol, $GMT is a protocol built from scratch by an outsider dev and not VC funded/pumped. There& #39;s none to dump on you. I think it& #39;s eligible for a YFI type run when integrations multiply.
This is the end of my thread, I hope you enjoyed it, take care peace!
