GM Opportunities #3
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 Arbitrum and exploring the potential yield they have to offer
Despite the $ARB incentives being available for some time now, Arbitrum currently offers some of the highest yields in DeFi. Let's take a closer look
Camelot
• Currently some of the juciest yields on Arbitrum can be found on Camelot. This is thanks to the $ARB incentives that are being distributed to LPs
• In this type of market environment, we tend to favor yield on somewhat correlated volatile assets over stablecoin pairs. The main reason is high impermanent loss risk, but also in bullish market you risk being left behind completely if price explodes and your position goes out of range
• Because of reasons stated above, the most interesting pools right now on Camelot are GMX/ETH at 95% APR, ARB/ETH at 127% APR and PENDLE/ETH at 172% APR
• Additionally, if you don’t want to manage your positions you can always opt for the Gamma V3 vaults that will automate the whole process for you
https://app.camelot.exchange/pools
Trader Joe
• $ARB incentives are the name of the game at Trader Joe's as well. An AMM DEX natively deployed on Avalanche but now present on Arbitrum, BNB and Ethereum as well
• They have their own Liquidity Book model, which sets them apart from other standard concentrated liquidity DEXs
• Once again we are looking at volatile pairs, and the ones that stand out to us are the ARB/ETH, ETH/LINK, and GMX/ETH pools, all offering triple-digit APRs
• Here you can also find more degen farms that pay well over 250% APRs on more volatile token pairs like WINR/ETH, VRTX/ETH and JOE/ETH
https://traderjoexyz.com/arbitrum/pool
Umami
• @UmamiDao offers vaults built on top of GLP. What we like about the Umami vaults is that each vault gives single-sided exposure to the underlying asset
• The Umami vaults also use an internal netting mechanism for efficient hedging and optimization of asset exposure
• Additionally as recipients of an Arbitrum STIP grant, they are currently incentivizing the vaults with $ARB tokens. More precisely, with $oARB tokens which offer discount on $ARB depending on how long they vest for. If you decide on 40-week vesting period you get the tokens for free
• There is the boosted mechanism as well which yield higher returns in exchange for a 14 day unlocking period
• Currently their ETH vault yields 145% APR, and the $WBTC vault is at 119% APR
Premia
• Premia is an options trading protocol with a unique blend of pool2peer and RFQ/Orderbook architecture
• The $ARB STIP incentives on Premia are being distributed to vault depositors as an additional reward on top of option premiums, and in some cases $PREMIA liquidity mining rewards as well
• Depending on your market outlook you can either underwrite calls or puts by depositing in the corresponding vaults
• Most of the vaults are yielding high double digit APRs, on assets like $ETH, $WBTC, $LINK and $SOL with the highest one being the $FXS covered call vault currently offering 470% APR in $ARB incentives
https://app.premia.blue/vaults
Second Section — Degen Picks, Ethereum Plays across AI & DeSci Narrative
MND
• @MindLanguageAI — an application layer that’s built on top of Bittensor (TAO) & GPT3 (OpenAI)
• Mind is a smart tool that turns natural language inputs into computer programs. It follows an approach called graph programming, where tasks are represented by nodes on a graph and the control flow is expressed using directed edges that connects the nodes
• This method is intuitive and user-friendly, especially for those not familiar with traditional programming as users can create programs with normal language and further refine it with drag and drop UI
• A fee is required to be paid to use Mind in the future (in other Crypto tokens), the fee will be used to buyback & burn $MND. Taxes revenue will also be used for buyback & burn, starting from 0% allocation to 30% allocated to buyback & burn within the first 3 weeks
• $MND is trading at $6.8m MC, currently at its highs. $MND is the top accumulated coin today
$GEC
• Recap: $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
• $GEC retraced 40% from ATH (now at $19m MC) due to the early buyers taking profits. GEC is running DeScience Fair — people can create a video presenting their project & research to get a chance to win 3.5 E worth of Prize Pool
• One of the upcoming catalysts could be potential listings next week which will bring more liquidity to GEC
$AIX
• Recap: @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 is now trading at near ATH at $20m MC. The price action has been one of the most sustained relative to the other AI coins
• As for the catalyst, there has been a rumor of AIX devs in talks with Ethereum Foundation. AIX has also recently partnered with Bittensor (TAO) to transform blockchain data analysis with advanced graph models & comprehensive insights into DeFi, NFTs, and token transactions
$FARM
• With the $JTO airdrop blowing everyone away, we can expect attention to flow back into airdrop farming bots. @FarmbotPro is a recently launched airdrop farming bot that is currently at $300k MCap
• Users will need to hold 100k $FARM tokens to gain access to the bot. Users can also stake $FARM to earn rewards paid out in ETH and $FARM
• The team also announced a partnership with @PaalMind recently
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*