If anyone is interested in holding DEX tokens for passive income $BNT is worth a look. It has many deflationary mechanics & one of the highest TVL’s in crypto. All my $link Padres rave about it, so I had to see for myself. This is a great thread on the mechanics of the protocol.
https://twitter.com/patfitzgerald01/status/1381685807849824261
If you’re new to the DEX scene, it will be beneficial to understand general AMMs such as #Uniswap works first. You should have a grasp on impermanent loss & it’s effects on liquidity providers. blog.bancor.network/beginners-guid…
Once you understand the general AMM system used by the most popular DEX’s today & the strengths and weaknesses of them, we can examine why $BNT offers an attractive model comparatively! Next up I will briefly discuss DEX aggregators.
coinmarketcap.com/alexandria/art… for a quick rundown on the benefits of aggregation this is a good place to start.
blog.1inch.io/introducing-1i… I will also include this article from the 1inch blog highlighting their system. The current Marketcap is just under 1 billion and has been climbing fairly steadily over the past few months.
Note: although price doesn’t reflect a steady climb in value due to the release of additional tokens, the marketcap has continued upward pretty consistently. I don’t doubt $1inch’s success in the market as an aggregator, but I do question if the average user would benefit much-
From holding the token as an appreciating asset or passive income rewards. More on this here- blog.1inch.io/1inch-token-is… one should understand the value of aggregation when considering arbitrage, slippage, spread & probably front-running as well.
The prior concepts mentioned are likely easy enough to understand with a quick search, but to address front-running I will include a $Link covering why this is detrimental to not only traders, but Ethereum as a platform google.com/amp/s/blog.cha…
I would also be remiss to speak on aggregators without mentioning #OrionProtocol as well. Currently at 320M~ MC, they have recently released their public mainnet and are down about 47% from ATH. They have amassed significant partnerships with most of the current leading platforms
Such as: $Dot $eGLD $ADA $AVAX $BSC and I’m sure more will follow over time. To my knowledge, #Orion is the first aggregator to include centralized exchanges into its terminal, and also plans on bringing the first NFT aggregation to market.
Additionally, their prospective passive income for token holders is incredibly attractive; granted continued success in the market. Here is a recent interview between @crypto_rand & @orion_protocol cryptorandgroup.com/interview-with…
As mentioned earlier, $ORN has worked hard to ensure users benefit from holding their token. Here is a link from their site detailing the revenues possible orionprotocol.io/orn & a calculator for prospective APY calc.orionprotocol.io
• • •
Missing some Tweet in this thread? You can try to
force a refresh
