#GM
1/ $GMX and $GLP mechanism are so delicate that some new people might be confused, but fret not! we're here to help you summarize them with #QuickBites.

@GMX_IO
@cryp_growth
@tanoeth
@CryptoHayes
@crypto_condom
@TheCryptoDog
@AlgodTrading
@Dynamo_Patrick
2/ If $GMX is you betting on the growth of @GMX_IO growth, $GLP enables you to become the house against the traders.

#GMX #GLP #Perpetual #Futures #Derivatives #Arbitrum #Avalanche #AVAX #Ethereum #ETH
3/ $GMX and $GLP together they make an amazing compounding flywheel as the value accrues and vested overtime.
Some correction pointed out by @tanoeth, the vested $esGMX will still receive rewards as long as it is not withdrawn. We are too excited, so this one slipped by! apologize for the inconvenience. 🫡

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Eli5_DeFi.lens 🦇🔊

Eli5_DeFi.lens 🦇🔊 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @eli5_defi

Jul 10
#GM!
1/ #Lending and #Borrowing (LB) are the most primitive financial services. We will discuss how #DeFi LB solves and enables financial inclusivity with transparency but still maintain #privacy.

#Crypto #Cryptocurrency #Bitcoin #Ethereum #ETH #BTC #AVAX #BNB #SOL #visualguide
2/ In traditional #finance, the intermediaries are appointed banks or financial institutions that act as the bridge between the lender and borrower. All of these services are strictly regulated and monitored by the central #banks.
3/ Despite already existing for a long time, LB in traditional #finance has a long-standing problem: non-inclusive, stringent procedures, arduous verification process, low rate and approvals, and non-transparency.
Read 14 tweets
Jun 12
#GM!
1/ There have been many amazing #threads about $stETH and $ETH, to complement that we will uncover the basis of #liquidstaking in our latest #visualguide

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
2/ #LiquidStaking is one of the ways to generate a #yield from an asset by utilizing the #composability of liquid staking derivative (LSD) #tokens

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
3/ #LiquidStaking is needed to reduce the barrier to become #validator and indirectly to increase #liquidity across the networks.

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
Read 13 tweets
May 21
#GM!

What is #liquidity pool? how does it work? what is impermanent loss? how to minimize it?

This visual guide will help you understand #LP and how it enables decentralized #economy to thrive.

(1/12)

#DeFi #Crypto #Bitcoin #Ethereum #AVAX #BNB #DEX #Uniswap #PancakeSwap
LP is a vault into which participants deposit and lock their assets in smart contracts to form a market (trading pair) and make it liquid for those wishing to trade in that pair.

(2/12)

#DeFi #Crypto #Bitcoin #Ethereum #AVAX #BNB #DEX #Infographic #yieldFarming
Most #LP requires assets to be paired, this asset will create trading pair by utilising constant product formula to ensure a fair price.

(3/12)

#DeFi #Crypto #Bitcoin #Ethereum #AVAX #BNB #DEX #Infographic #yieldFarming
Read 14 tweets
May 16
How do #Options work? How to include options into your strategy? Why do we need options products in #DeFi?

We cover all of the basics you need in our latest visual guide, decentralized options.

(1/17)

#Cryptocurrency #Bitcoin #Ethereum #AVAX #BNB #Derivatives
An option is a #contract giving the investor the right, but not the obligation, to buy or sell an underlying asset at a specific price on a certain time period. Investors must pay a premium to get the contract.

(2/17)

#Cryptocurrency #Bitcoin #Ethereum #AVAX #BNB #Derivatives
The option writer is the seller of an option who opens a position to collect a premium payment from the buyer of the options contract.

(3/17)

#Cryptocurrency #Bitcoin #Ethereum #AVAX #BNB #Derivatives
Read 19 tweets
May 8
$UST having another stress test today a.k.a. de-peg, it is best to revisit basic principles of $UST and $LUNA in layman's terms.

#Lunatics #Terra #UST #LUNA

@terra_money @stablekwon @Remi_Tetot @nickplatias @ZeMariaMacedo @KanavKariya @CryptoHarry_

(1/x)
$UST is algo-stables that the value determined by adjusting the supply algorithmically. To achieve this equilibrium, $LUNA act as stabilizer to maintain $UST peg to $1.

#Lunatics #Terra #UST #LUNA

(2/x)
$LUNA is not just act as $UST stabilizer, it is also native token of @terra_money ecosystem similar to $ETH in @ethereum. The growth of Terra ecosystem and mass adoption of $UST will increase value of $LUNA

#Lunatics #Terra #UST #LUNA

(3/x)
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(