Discover and read the best of Twitter Threads about #CryptoResearch

Most recents (3)

Composability💠is a core feature of DeFi, enabling developers to integrate existing protocols to create new services. @GMX_IO is one of them.

This is a comprehensive guide to all 28 projects on GMX.
🧵👇 covers a few, find the full guide link in the last tweet

#CryptoResearch Image
In this thread, we'll cover 5 project categories👇

1/ Vaults, the biggest category with most projects.
2/ Lending, enabling degens to borrow against their GLP holdings and add leverage to their yield farming.

3/ Options
4/ Social Trading
5/ Others Image
1.1/ @MIM_Spell
Abracadabra is the largest auto-compounding GLP farm with a TVL of $15.47 million. With magicGLP, the ETH yield generated is automatically reinvested into magicGLP, which maximizes returns. The value of magicGLP will increase over time due to the auto-compound.
Read 18 tweets
Could @GMX_IO collapse in a bull market?

In this 🧵👇we will walk you through:
how an imbalance between longs/shorts in a bull market will reduce GLP returns, decrease GLP AUM and liquidity, and trigger a death spiral.
#CryptoResearch
2/
In a bull market, GMX shorts not only do not receive funding fees but also have to pay borrowing fees.

As a result, GMX will be 95%+ long in a bull, as evidenced by OI between 2021-9-1 and 2021-11-10.
3/
GLP was losing money to traders during that period as well.

Traders made a profit of ~$5 million.
Read 8 tweets
The @ethereum Shanghai Upgrade is around the corner, enabling the withdrawal of staked $ETH.

In this 👇🧵we will take you for a deep dive of the upgrade, an analysis of the potential outcomes.
#CryptoResearch
We'll cover👇:

1/ What is Shanghai Upgrade
2/ Withdrawals
3/ More people might stake $ETH afterwards
4/ Additional rewards
5/ Conclusion
1/
After the Merge on Sep 2022, the withdrawal of staked $ETH is the last puzzle. Shanghai Upgrade includes withdrawals of $ETH staked in the Beacon Chain since Dec 2020, finally giving the network participants the ability to take out their locked $ETH.
Read 11 tweets

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