Arbitrum is going to give us the next 100Xs.
Since I bridged to Arbitrum, it became my favorite ecosystem. With the release of the Nitro upgrade and it's best in class builders, it feels unstoppable.
Here are 6 projects you need to know, a quick 🧵 thread to get started.
This below is not an endorsement for any specific project. My goal is to highlight the incredible work and success the teams on Arbitrum have achieved.
As always, do your own research.
Bridging to Arbitrum is seamless thanks to their official bridge: bridge.arbitrum.io.
Popular bridges such as synapseprotocol.com also support bridging from any ecosystem.
#1 GMX @GMX_IO
$GMX is a decentralized perpetual exchange. Traders can go long/short with up to 30x leverage.
Participants can provide liquidity to the platform via GLP and receive 28% APR paid in $ETH!
Generating ~$1M in fees that go directly to stakers!
#2 Dopex @dopex_io
#DPX is a decentralized options exchange (European style). They just released a new product and are currently beta testing Atlantic GMX Liquidation Protection.
#3 Rage Trade @rage_trade
Rage trade has launched delta neutral vaults, turning GMX's GLP product, into the best stablecoin farm.
Be on the lookout for when the vault capacity increases!
#4 Plutus DAO @PlutusDAO_io
$PLS calls itself the "Governance Blackhole" which is a governance aggregator with a goal of maximizing liquidity and rewards. Already collaborating with Dopex, Jones, GMX, and Sperax.
#5 Vesta Finance @vestafinance
$VSTA Is the first layer-2 lending protocol allowing users to obtain maximum liquidity against their collateral with 0% interest! Users lock up collateral and are issued Vesta's stablecoin $VST.
#6 Jones Dao @DAOJonesOptions
$JONES introducing single click vaults offering "institutional-grade" option strategies. Perfect for users who'd rather be touching grass than actively managing positions.
Recently just launched Metavaults for Dopex!
If you enjoyed this intro, consider liking or hitting that RT.
Happy Farming 👨🌾
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.