19 Tweets 2 reads Dec 22, 2022
The #RealYield season
A summary of all top #RealYield projects
πŸ‘‡πŸ§΅
1. GMX - $GMX
One of the frontrunners of the #RealYield boom.
GMX allows users to trade spot and perpetual futures using its on-chain trading interface at low fees. Built on top of Arbitrum and Avalanch.
30% of all trading fees are sent to $GMX stakers in form of $ETH reward.
2. Kujira - $KUJI
Kujira is a Cosmos L1 built with Cosmos SDK. It offers DeFi dApps for regular crypto users
Born in Nov 2021, it migrated after Terra's death spiral and in less than 2 months created several interconnected products on Cosmos.
It offers 3 products:
- Fin: Orderbook DEX
- Blue: DashBoard
- Orca: Liquidated Collateral MarketPlace on
Through these products its earning fees. Simply stake $KUJI to start receiving fees, the fees are baskets of β€œapex assets” over time.
3. Gains - $GNS
Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.
Gains network is the main competitor of GMX.
Gains has also built a synthetic exchange, which allows higher leverage, low fees and more trading pairs.
You can stake $GNS recieve DAI rewards from trading fees.
32.5% of fees from all orders on average will go to $GNS staking.
4. Dopex - $DPX
Dopex is a decentralized options protocol which aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers - all in a passive manner for liquidity contributing participants.
The Dopex protocol collects fees from option pool purchases, swaps, volume pool penalties, strategy vaults etc.
All the fees collected are distributed to DPX token holders at the end of weekly global epochs. rDPX will be used to boost the rewards received from fees.
5. Umami - $UMAMI
Umami was the first project to approach the #RealYield narrative.
is a high APY $OHM fork on @arbitrum. It was created by the dedicated dev team @arbis_finance.
Umami Finance’s main interest is in facilitating sustainable, risk-free, Arbitrum yields.
It has 3 products:
1. Marinate
2. Compound
3. Protocol owned liquidity
All products are earning fees. Stake $UMAMI for $ETH passive income from its growing stream of protocol revenue (including fee revs from upcoming vaults).
6. Redacted - $BTRFLY
The Redacted ecosystem is a product suite of smart contracts empowering on-chain liquidity, governance, and cash flow for DeFi protocols.
It currently has 2 products:
1. Hidden hand
2. Pirex
rlBTRFLY is revenue-locked BTRFLY. It allows BTRFLY holders to lock their tokens for 16 to 17 week epochs to earn revenue generated by Redacted’s treasury and ecosystem of products.
Users will earn revenue from Redacted’s treasury and ecosystem of products paid in ETH.
7. Curve - $CRV
Curve is a decentralized exchange for Stable coins ( $USDT $UST) that uses an automated market maker (AMM) to manage liquidity.
Every time a trade takes place on Curve Finance, 50% of the trading fee is collected by the users who have vote locked their CRV. Every week, fees are collected from the pools, converted to 3CRV and distributed.
It is currently earning $100k in fees per week.
8. Synthetix - $SNX
Synthetix enables the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain.
Stakers of $SNX get all protocol revenues. Fees are generated whenever a user exchanges one synthetic asset for another.
Fees are typically between 10-100 bps (0.1%-1%), though usually 30 bps, and when generated are sent to the fee pool, where $SNX stakers can claim.
For more alpha πŸ‘‰ t.me
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This thread took long to make, thanks a lot πŸ™

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