The most loved letter in crypto must be G.
You know:
- gem
- green
- gains
- girls (all 12 of them)
- GM
- god candle
- golden cross
But the best 2 Gs (in my books) are @GammaSwapLabs and its gTokens.
The next big thing in crypto 🧵⬇️
I'll skip the perpetual options part (for now), and focus on gTokens only.
So, what are those about?
Yield and composability, obviously. And that's all DeFi should be about, if you ask me.
Quick check: gBTC on Arbitrum; with yield ranging from 5% to 28%. Wild.
How do these gTokens work?
TL;DR:
NOTE: the yield one earns by depositing into a GammaPool consists of supply fees and esGS rewards.
I'm very bullish on GammaSwap (products) and its native token, $GS. How it started, it looks like it'll replicate the success of a DeFi giant.
Which one? Find it in the image. 🧐
Anyway, back to gTokens. Here are a few points you should take into consideration:
But wait, there's more.
As for the rebalancing mechanisms, although you don't have to do anything on your end, at least understand how these work. *If* a position gets out of range, losses are only realized during rebalances. So a nasty U-turn in price appreciation/depreciation could mitigate drawdowns.
At the core of the gToken architecure is the GammaVault. Quite a complex thing if I was to explain it, but a picture is worth a thousand words and I'll take that shortcut:
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