GM Opportunities #7
Gm with Actual Farming & Shitcoining Opportunities, From Shittiest of Memecoins to Proper Farming Opportunities, Delivered to You On a Weekly Basis
Welcome to the Seventh 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 exploring purely airdrop farming opportunities
There won’t be Trading Opportunities this week. Considering the high volatility week next week driven by ETF news, I’ve decided to buy BRC-20 plays like $MUBI & $ORDS (especially ORDS since the valuation is much lower than its BRC-20 Ethereum plays). Other than this, I’ve hedged my alt position by continuously taking profits into ETH for the past 2 weeks
Florence Finance
• @FinanceFlorence has launched Duke Dash, a tiered reward system that acknowledges user engagement with Duke NFTs and airdrop points
• Users can climb ranks from Squire to Archduke by earning points through depositing $FLR in Florence’s RWA Vaults
• Florins ($FLR) are tokens generated when loans are funded, each valued at 1 EUR and backed by EUR-denominated loans and EUR reserves
• There are currently two vaults you can deposit in, ‘Caple’ and ‘Junior’, both yielding between 7-9% ROI
• Florence is a DeFi protocol that allows users to put excess stablecoin liquidity to work to fund real-world loans & earn real-world yield. It recently stealth launched on Arbitrum, the launch was quickly sold off and the price has done more than 2x from TGE (we covered it in GM Digest #145 btw, congrats to the readers who noticed)
https://app.florence.finance/vaults
PRYZM
• @Pryzm_Zone is rewarding stakers of $OSMO, $ATOM and $LUNA who delegate with their validators (Delegate these assets to Pryzm) through the StakeDrop campaign
• The airdrop's reward chest consists of 200 million $PRYZM tokens, which accounts for 20% of the total token supply
• Stakers earn at a rate of 10 $PRYZM tokens for every $1 of validator commission paid
• Weekly snapshots will be taken to track the distribution, and there is a possibility of a bonus airdrop for those who actively engage with the PRYZM network after launch. Currently in public testnet phase
• Pryzm is a L1 that allows the tokenization of yield (Think Pendle but for Cosmos ecosystem assets). Users will be able to trade yield or fixed the yields of their favorite assets e.g. $INJ, $TIA, $ATOM, $OSMO
https://pryzm.zone/
Poolside
• @Poolside_Party offers a DEX and liquidity hub for LSTs and yield-bearing assets on Ethereum, Base and Avalanche
• They have launched an incentivization campaign called 'Poolside Party.' This on-chain points program is designed to ‘track the early activity of LPs’ and we all know what that means
• Currently you can deposit in the stETH/ETH and SPOT/AMPLE pools on Ethereum, ETH/rcbETH on Base, and rsAVAX/AVAX pool on Avalanche. All pools yield over 500% in Poolside Points
• Poolside has accumulated over $1.4m in TVL, with the main source of TVL coming from Avalanche. The dApp itself is available on Ethereum, Base, and Avalanche
• What’s unique about Poolside is that it’s creating a liquidity hub for LST & yield-bearing assets. It does this by introducing an infrastructure that understands when tokens earn staking rewards and prevents that added value from being arbitraged away
• Poolside’s architecture — the liquidity of an asset pair exists in pockets of active (pools) and inactive (reservoirs) liquidity. This segmentation allows staking rewards and yield to accrue inside reservoirs without disturbing active liquidity inside the pool
• This maintains an accurate price and avoids unnecessary losses due to arbitrage. This becomes clearly for rebasing yield-bearing assets that increase in supply, thereby affecting other asset pair in the traditional AMM. Would recommend checking out the example outlined by the team in their doc HERE
https://app.poolside.party/pools
Renzo
• @RenzoProtocol just introduced a multi-tiered reward system with the launch of Renzo ezPoints on top of native ETH yield and Eigen Layer restaking points
• Users will earn Renzo ezPoints for every ezETH they mint and hold, with 1 point awarded per hour per ezETH. However, If you deposit early you can get a 3x boost on ezPoints
• $ezETH is obtained by depositing ETH with Renzo, which is then staked on Ethereum mainnet and deposited as native ETH on Eigen Layer. Neat this is, there are no caps for native ETH restaking on Eigen Layer
• Renzo is a native restaking protocol (no cap on Eigen Layer deposit cuz it’s native) that recently launched its point system. It also introduces 10% referral bonus for users bringing their friends onboard.
• Since Eigen Layer has closed their cap for Liquid Restaking already, Native Restaking protocols become an attractive choice for users to deposit their fund and get exposure to Eigen Layer
https://app.renzoprotocol.com/restake
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*