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;

- Perps Contracts up to 30x
- Zero Slip Swaps
- Yield Bearing Stablecoin w/ $USDG

Let's start with the perpetual contracts side because that'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't it ?

The impressive thing is how Gambit's funding fees are much lower than the rest of the market, it's often 2 to 3x cheaper for longs than on FTX. It's BTC in the example but funding fees are this low on other pairs as well. Here we can speak about DeFi eating CEX's lunch for real.

Now let'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 (✯◡✯)

But this volume don't come from Perps only, there is also the zero slip swaps thing..☆

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't need u to pump my bags, you will do it no matter how ;)

Now you'll ask yourself how I could have missed such a protocol? Why aren't 3AC and Parafi investors? Where is the fraud?

It's the truth lol, $GMT is a protocol built from scratch by an outsider dev and not VC funded/pumped. There's none to dump on you. I think it'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!