GM Opportunities #2
GM Opportunities #2
Gm with Actual Farming & Shitcoining Opportunities, From Shittiest of Memecoins to Proper Farming Opportunities, Delivered to You On a Weekly Basis
Welcome to the Second 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 — This week, we will be focusing on NFTfi protocols and exploring the potential yield they have to offer
Flooring Protocol
• @floorprotocol allows users to LP by pairing ETH with fractionalized micro-tokens known as μ-Tokens
• You can either purchase the μ-Tokens directly from Flooring Protocol, or farctionalize an NFT to get them
• Currently there are several pools offering juicy yield, but the ones that stand out to us are the Little Pudgys, DeGods and Milday pools. All offering triple digit yield
• There are also blue chip pools available, such as the BAYC pool, which offers an APR of around 20%
• You also have the option to provide liquidity using the native token, $FLC, and earn a 95% APR
SudoSwap
• @sudoswap is an NFT AMM that allows users to create liquidity pools for any NFT collection
• When creating a pool you need to deposit a certain amount of NFTs from a collections, and/or ETH. Next you need to input the delta, fee, and starting price depending on your preferences, and you are good to go
• LPing on Sudo is similar to providing concentrated liquidity on an AMM. The width of your LP range depends on the amount of NFTs/ETH you deposit and how you configure the delta and fee settings
• You would generally want to LP for a collection that has a lot of volume. Also depending on your size, you might want to buy cheaper NFTs but buy more of them so that you can have a decently wide range, and not have to re-position often
https://sudoswap.xyz/#/create
MetaStreet
• @metastreetxyz is a lending and borrowing platform that also sources loans from other NFTfi protocols
• Currently you can lend you ETH in several Cryptopunks lending pools, earn ~17%APR, and get a liquid receipt token back that you can swap out of at any time. This is in contrast to the usual NFT lending yield strategies where your assets are locked until the loan is repaid
• Speaking of the usual NFT lending, you can also set up a pool for any NFT collection on Ethereum, input the APR and LTV you are willing to lend for, and wait for the borrowers to come in
• Out of experience, you can frequently get your ETH put to work by offering a 50% APR loan with ~65% LTV for a collection like Pudgy Penguins
https://app.metastreet.xyz/earn
Spice Finance
• @spice_finance is an NFT yield aggregator that runs automated strategies across the top NFT lending protocols
• If you're not interested in spending time tracking NFT floor prices, repositioning, and ensuring your loans are not underwater, you have the option to deposit in the Spice Vaults. They will handle all of that for you
• Currently their Prologue and Flagship vaults offer a real yield APR of approximately 17%
https://spicefi.xyz/
Second Section is Degen Picks (Shitcoins & Memecoins)
$MBX
• @MetaBloxGames ($MBX) — recently covered in the Degen Corner and GM Digest has performed very well recently and is currently trading at $4.8m from calls between $1-2m MCap
• The team is continuously pushing for updates, adding new features and partnerships with their latest partnership being with @aegisAISecurity
• This project has the potential to do well with how the team is shipping and how they are continuously communicating with their community via AMAs
• For those who are new, Metablox is a Top Gaming Studio building on Roblox with 2 revenue-generating games. 80% of Rev funnel back to $MBX holders. Recent 25% retracement from yesterday's high (now at $5m MC), good area for dip-buying entry
$GEC
• $GEC ➔ Geometric Energy Corporation, a company leading DOGE-1 Elon Musk moon mission (DesCI Narrative).
• DOGE-1 satellite is being developed by space technology firm Geometric Energy Corporation. The satellite will be launched aboard a SpaceX Falcon 9 rocket. GEC has secured satellite operation licenses and has already created its satellites out of different parts that they’ve secured
• The $GEC token itself doesn’t have utility right now but given GEC will be sending its satellite to the space and running space advertisements, $GEC token holders might gain some utilities out of that. DOGE-1 plans to launch in Jan 2024
• $GEC retraced 40-50% from a FUD (now at $12m MC). The FUD alleged that the founder has run several token projects off the back of the licensing & scam people out of their money but so far there’s no hard evidence of this. (I’m still holding my GEC stack)… NFA though
$MUBI
• @Multibit_Bridge ($MUBI) is showing strength again and recently broke past $20m and is currently trading above $30m
• Still a good play if you are bullish on ordinals being a bridge between for BRC20 tokens
$AEGIS
• @aegisAISecurity ($AEGIS) is an AI Enabled audit solution for projects
• Their most recent partnership was with Metablox to audit their staking platform and with PAAL AI integrating the unique bot into their Telegram
• With more partnerships and audits, Aegis AI has a potential to attract more eyeballs to their project. $AEGIS is currently trading at $16.5m MCap
$AIX
• @0xAigentx AI TG Bot + In-depth Contract Audits + Integrate w/ ChatGPT. Sniper bot integration (with rev share) soon
• Users can add AigentX bot to any Telegram group and call it to analyze charts, contracts (including etherscan analysis), generate images, and soon snipe
• $AIX slowly grinding up (now at $20m MC)
$OMNIX
• @OmniBotX The First Omnichain Bot with Aggregator Trading module. $OMNIX earn rev share & fees reduction for the bot. Currently trading at $2m MC and is making a new daily high
• Lots of presalers who participated in the early rounds have jeeted their 25% stack. Chart is looking pretty healthy with re-accumulation buys happening
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*