GM Opportunities #1
Gm with Actual Farming & Shitcoining Opportunities, From Shittiest of Memecoins to Proper Farming Opportunities, Delivered to You On a Weekly Basis
Welcome to the First Episode of GM Opportunities
In this Weekly Series, you’ll find actual alpha that you can take advantage of, beyond the bits and pieces of alpha that you’ll find on the Daily GM Digest
First Section is Farming — Perp DEX Edition. Today we will be looking at Perpetual protocols and the juicy real yield opportunities they provide for LPs.
Perennial
• @perenniallabs is a derivatives DEX with isolated trading pools that just recently upgraded to V2
• They are also a recipient of the Arbitrum STIP grants and are using all the $ARB to incentivize LPs
• There are currently two vaults available for deposits. The 'Blue Chip' vault provides liquidity for the BTC and ETH markets, with a current yield of 25% APR. Alternatively, there is the 'Large Caps' vault where you can LP for the $SOL and $MATIC markets. The Large Caps vault currently offers a 125% APR
• Note that Perennial currently does not have its own token. By depositing in these vaults, you might be rewarded with an airdrop in the future
https://app.perennial.finance/earn
MUX Protocol
• @muxprotocol serves as both an aggregator and a perpetual DEX. Currently, it hosts over $60M in TVL
• As an aggregator, MUX routes trades through various other DEXes. However, a significant portion of the trading volume also flows through its own MUX LP pool. As of now, the pool yields approximately 35% APR, with the majority of the rewards paid out in ETH
• By purchasing MUXLP you essentially get an index token consisting of 50% stables, 25% ETH, 15% BTC, and 10% large cap alts
https://app.mux.network/#/liquidity
HMX
• @HMXorg is a perpetual DEX on Arbitrum for crypto, FX and commodities offering up to 1,000x leverage
• They have managed to attract a significant amount of TVL since launch, currently standing at $34M
• The HLP market making pool serves as a counterparty to traders, earning 65% of all fees. The HLP token is an index composed of around 45% GM-ETH, 45% GM-BTC (GMX LP tokens), and the remaining portion is made up of stablecoins
• At present, HLP holders receive a 34% APY. This is paid out as a combination of real yield, $ARB STIP incentives, and $esHMX
https://hmx.org/arbitrum/liquidity
Aark Digital
• Aark Digital is another perpetual platform offering leveraged trading on Arbitrum
• Their offering to LPs comes in the form of ALP, which acts as a counterparty to traders and accrues funding and trading fees. The yield it provides currently stands at 37% APR
• What's intriguing about Aark is its use of a virtual liquidity pool, where instead of depositing assets directly, you open up a position indicating your share of the pool and post collateral. This introduces the possibility of leveraged LPing, but you also need to be mindful of liquidations
• Another interesting feature is the 'LP Tier'. Basically, your 30-day average liquidity size determines your tier. Higher tiers offer increased leverage on your LP position
Second Section is Degen Picks (Shitcoins & Memecoins)
CZ Narrative
• Alot of newer memecoins popped up last week following the news of CZ stepping down as CEO of Binance namely $CZ and $BENANCE
→ @CZcommunity_erc ($CZ): Launched upon the news of CZ leaving Binance. Token ran up to $12m MCap and is currently at $3.4m
→ @BENANCEToken ($BENANCE): Another Binance memecoin which ran up to almost $4m and is currently at $1.8m
$LUBE
• An update on @JoeLubeCoin mentioned in last week’s edition. $LUBE is now part of the Linea Voyage campaign and is now part of the list of supported tokens. Users can now gain points by swapping at least $25 worth of $LUBE on Linea. $LUBE is currently trading at $3.7m MCap
$GM
• @GM_realERC ($gm): A community takeover memecoin after devs apparently dumped their tokens. Meme was launched after Elon tweeted ‘gm’ in a reply. $gm currently trading at $59k MCap
$JEST
• @JesterBotEth ($JEST): A TG alert bot to identify market reversals to give reversal traders/scalpers and edge. Haven’t used this product myself but find
$MBX
• @MetaBloxGames ($MBX) — Top-tier game developers on top of Roblox. $MBX holders get 80% rev share from the revenue generated from all the games. Team has already developed 2 games with 1,000 users earning $350/ day, 7m play sessions over the first two weeks. Token is trading at only $2m MCap
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*