$GLP has become a Defi staple for allowing you to earn yields from trader losses.
But what if you wanted to diversity your bets against traders?
Let's "become the house" and take a look at some of the lesser-known counter-party vaults in defi.
But what if you wanted to diversity your bets against traders?
Let's "become the house" and take a look at some of the lesser-known counter-party vaults in defi.
@ApolloX_Finance: $ALP
Protocol Type: Perp Dex
Vault Type: Stablecoin Index
Yield: 34%
Yield Denomination: APX
Chain(s): ETH / BSC / ARB
mCap: 22M
Protocol Type: Perp Dex
Vault Type: Stablecoin Index
Yield: 34%
Yield Denomination: APX
Chain(s): ETH / BSC / ARB
mCap: 22M
@PikaProtocol USDC Vault
Protocol Type: Perp Dex
Vault Type: USDC
Yield: 24%
Yield Denomination: 14% USDC, 10% OP
Chain(s): OP
mCap: 13M
Protocol Type: Perp Dex
Vault Type: USDC
Yield: 24%
Yield Denomination: 14% USDC, 10% OP
Chain(s): OP
mCap: 13M
@GainsNetwork_io gDAI
Protocol Type: Perps Dex
Vault Type: DAI
Yield: 18% Arb / 15% Polygon
Yield Denomination: DAI
Chain(s): ARB / Polygon
mCap: 50M
Protocol Type: Perps Dex
Vault Type: DAI
Yield: 18% Arb / 15% Polygon
Yield Denomination: DAI
Chain(s): ARB / Polygon
mCap: 50M
@vela_exchange's $VLP
Protocol Type: Perps Dex
Vault Type: Stablecoin Index*
Yield: 55%**
Yield Denomination: eVELA, USDC
Chain(s): ARB
mCap: ???
*Only USDC at the moment
**Unclear breakdown
Protocol Type: Perps Dex
Vault Type: Stablecoin Index*
Yield: 55%**
Yield Denomination: eVELA, USDC
Chain(s): ARB
mCap: ???
*Only USDC at the moment
**Unclear breakdown
@mummyftm's $MLP
Protocol Type: Perps Dex
Vault Type: Volatile Index
Yield: 113%
Yield Denomination: 30% FTM, 83% esMMY
Chain(s): FTM
mCap: 15M
Protocol Type: Perps Dex
Vault Type: Volatile Index
Yield: 113%
Yield Denomination: 30% FTM, 83% esMMY
Chain(s): FTM
mCap: 15M
@MetavaultDAO's $MVLP
Protocol Type: Perps Dex
Vault Type: Volatile Index
Yield: 65%
Yield Denomination: 25% MATIC, 40% esMVX
Chain(s): Polygon
mCap: 6.4M
Protocol Type: Perps Dex
Vault Type: Volatile Index
Yield: 65%
Yield Denomination: 25% MATIC, 40% esMVX
Chain(s): Polygon
mCap: 6.4M
@official_CVI's CVOL Vault
Protocol Type: Volatility Index
Vault Type: USDC
Yield: 20%
Yield Denomination: USDC
Chain(s): ARB
mCap: 3.2M
Protocol Type: Volatility Index
Vault Type: USDC
Yield: 20%
Yield Denomination: USDC
Chain(s): ARB
mCap: 3.2M
REMEMBER, these vaults are COUNTER-PARTY.
If traders are winning consistently, you will experience principal loss.
Or, in the case of CVOL, if volatility is high enough for long enough, you can experience principle loss.
These returns are risk-adjusted, not risk-free.
If traders are winning consistently, you will experience principal loss.
Or, in the case of CVOL, if volatility is high enough for long enough, you can experience principle loss.
These returns are risk-adjusted, not risk-free.
However, depositing in these vaults is less like gambling at a casino, and more like being the house.
As long as trader PnL is negative, investing in the house is an asymmetric bet.
Traders lose over time
Pika: -$390K
GMX: -$26m
gTrade: -$7M
As long as trader PnL is negative, investing in the house is an asymmetric bet.
Traders lose over time
Pika: -$390K
GMX: -$26m
gTrade: -$7M
If there are any vaults that I missed, please let me know.
Also, if you're looking for a serious, robust community of sophisticated defi users, join the Defi Dojo discord.
We have yields.
We also now have fundamental analysis.
launchpass.com
Also, if you're looking for a serious, robust community of sophisticated defi users, join the Defi Dojo discord.
We have yields.
We also now have fundamental analysis.
launchpass.com
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