@GainsNetwork_io $GNS is a fascinating protocol on Polygon that offers leveraged trading of crypto, forex, and- potentially soon- stocks and indices... (cont.)
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It is ostensibly similar to @GMX_IO, which I did a big thread on recently as well, but the two protocols are actually very different in how they work…
The main difference is that Gains Network offers SYNTHETIC leveraged trading, so... (cont.)
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..this means they can offer tons of different crypto pairs, forex, stocks, indices, etc.
This model does not require liquidity to be provided in the assets people are trading… all trades are settled via $DAI that comes from burning/minting of the protocol token- $GNS.
Thread: Why @GMX_IO Could Be The Next Defi Cash-Cow
So for the last week or so I’ve been doing a massive deep dive into @GMX_IO $GMX...
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Its extremely complex, and I don't understand all of the mechanics, but its a fascinating protocol generating massive organic cashflow, and I wanted to do a thread breaking down everything I've learned about it.
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This thread is a very basic overview, however there is absolutely incredible institutional-grade research on it available totally free on this here bird-app and on Medium, which I'll be linking to throughout (really incredible stuff tbh).
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Thread: How Should A Humble Farmer Navigate Risk-Off Mode?
So with the market getting beat like a red-headed stepchild and @CryptoHayes going all @DoombergT on us... the question of "risk-off" is front and center, even for us humble yield farmers...
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To wit, it was the distinguished @TaikiMaeda2 that popularized the "humble farmer" archetype, back in the 13th year of our Lord Satoshi (aka 2021), and I think its a great heuristic.
The idea... (cont)..
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...is that we can't know for certain which assets are going to go up, what side of the coffin Jerome Powell will wake up on today, what the crazies in DC will screw up next, etc.