GM Opportunities #5
Gm with Actual Farming & Shitcoining Opportunities, From Shittiest of Memecoins to Proper Farming Opportunities, Delivered to You On a Weekly Basis
Welcome to the Fifth 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 are looking at some degen leverage farming opportunities
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
Stella
• @stellaxyz_ is a leverage farming protocol that has been around since 2020, although back then, it was known as Alpha Homora
• Epoch 4 of the StellARB Incentive Rush (ARB STIP) is live on Stella, offering users the chance to earn ARB rewards by lending assets or opening leveraged positions
• Stella Lend will distribute 120k ARB to boost lending APR to 7-12%, while Stella Strategy offers 66k ARB as a 20% bonus for profitable positions closed in each epoch
• Each epoch lasts 2 weeks, followed by a 30-day linear vesting period for claiming rewards
• Currently some of the more attractive leverage farming strategies include $wstETH at 73% APR (100 days maturity), PENDLE/ETH at 340% APR and ETH/ARB at 450% APR
https://app.stellaxyz.io/
Vaultka
• @Vaultkaofficial is a leverage farming protocol focused on perpetual DEXes and their LP tokens
• Vaultka recently received a 100,000 ARB grant from GMX to support Perp DEX ecosystem growth
• The grant will boost the USDC lending pool, with rewards distributed over 12 weeks. Users simply deposit in the USDC lending vault to earn ARB rewards
• Additionally, esVKA rewards will be enabled for WBTC, ETH, and ARB lending pools
• The GMX GM leverage vault currently offers a yield of approximately 330% APR for the ARB/USDC pair, and around 250% APR for ETH/USDC and WBTC/USDC
• Equally exciting are the $HLP (HMX) and $VLP (Vela) vaults that provide a return of ~ 150% to 190% APR
Rodeo
• @Rodeo_Finance is another leveraged yield farming platform on Arbitrum
• Rodeo Finance's proposal for the Arbitrum STIP and GMX DAO Grant has been accepted, providing 350,000 ARB to support Rodeo, GMX, and the broader Arbitrum ecosystem
• The GMX Grant will be used for independent audits, lending pool incentives, and leverage farms, while the ARB Grant will incentivize passive lending and leverage farming strategies, with a focus on mutual growth for Rodeo and Arbitrum
• The most attractive pool right now on Rodeo is the $jUSDC one boosted with $ARB incentives, currently yielding 68% APY
https://www.rodeofinance.xyz/farm
Second Section — Degen Picks, Ethereum & BRC-20 Plays
$ORD
• @OrdiswapLabs $ORD Public Sale (Fjord LBP) wrapped up at $34.5 ($34.5m FDV & $1.5m MC)
• Ordiswap is building a BTC-native Uni-V2. Introducing 2 routes — vAMM off-chain processing swap/LP route and fully decentralized using Hyperlane as messenger & L2 (likely ALEX) to process routing of LP, settling actions on L1
• Given the hype around BRC-20 coins, this could be one of the next 10x play. TGE will likely be next week
$TPAD
• @TaoPadX is a protocol introducing a novel rewards mechanism, leveraging a collection of miners and validator nodes to reward its holders with wTAO
• $TPAD has a 5/5 trading tax which is used to fund the ecosystem of miners and validators as well as helping the team pay for CEX listings etc.
• As the validator and mining operations commence, 80% of the mining and validator rewards will flow back to $TPAD holders
• Future roadmaps include a Launchpad for the Tao network with part of the revenue flowing back to $TPAD holders
• $TPAD is currently trading around new highs and is currently $9m MC
$MND
• @MindLanguageAI — an application layer that’s built on top of Bittensor (TAO) & GPT3 (OpenAI)
• $MND retraced hard from $0.2 level to $0.13 - $0.15 due to the top holder accidentally selling his stack (”because of the bot he used”). That was 2% of the supply which he bought back later on at loss and now he has half of his previous stack
• $MND is trading at $11m MC, getting railed hard by the market (similar to the other coins that’s not BTC-20, Avax or SOL shitcoins)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*