/1 Do you think that the @GMX_IO team is building only a perpetual DEX?

The #GMX goals are much higher than you might think👀🚀

Join me for a 🧵 on X4 Protocol, a unique #AMM developed by the @GMX_IO team👇 Image
/2 Overview

GMX team plans to start working at X4 Protocol after GMX synthetics market goes live.

The team's vision is to build an AMM that gives pool creators and projects full control over the functions of its pool.

So how will be X4 different from a classic AMM?🤔
/3 Dynamic fees

Projects will be able to set pools fees to any % they choose. More than that, they'll be able to change them whenever they want.

Also, the fees for selling/buying a token will not need to be the same.

But how will these changes improve the trading experience?
/4 If you tried to buy a project token after its listing on an AMM, you might have seen how its price quickly increased and decreased in a matter of seconds.

This is happening because of the bots that instantly purchase the tokens at a low price and sell them to later buyers.
/5 X4 wants to solve this problem!

The project team will be able to set a high selling fee(e.g. 15%) after the token listing.

Because of the high selling fee, this strategy will not be profitable anymore.

So the project fans will be able to buy the token at a fair price🧠
/6 Greater Composability

The creation of pools that mint yield-bearing tokens upon entering the pool will be possible.

Let's take a aUSDT-aUSDC pool as an example 👇

Yield-bearing tokens - tokens that provide some form of added gain on top of the ordinary asset
/7 A LP will be able to deposit USDT and USDC to get a share of that pool fees.

The X4 protocol will deposit his tokens on AAVE to get aUSDT and aUSDC before providing liquidity.

So the LP will earn:
-trading fees
-AAVE lending rewards

aTokens- tokens deposited on AAVE
/8 Aggregation

X4 will also work as an aggregator at the beginning to ensure that traders don't incur high slippage.

So X4 will also route some trades through GMX swap and other AMMs(Uniswap, etc.).
/9 Other possibilities
•pools creators can distribute a part of the pool swap fees in a lottery format(to a random trader)

•creation of concentrated liquidity pools

•if a stablecoin lost its peg a part of the trading fees can be sent automatically to those who restore it
/10 That's all!

Here you can find an in-depth article about X4 Protocol in case you want to learn more:
medium.com/@gmx.io/x4-pro…

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More from @TheDeFinvestor

Jul 27
/1 Have you ever wanted to leverage trade without worrying about the liquidation price?

If so, I have good news for you!

Let me present you @TracerDAO, the first protocol that allows leverage trading without liquidations🧵 👇 Image
/2 Overview

Tracer is a protocol on Arbitrum that makes derivatives contracts accessible to everyone.

A perpetual pool on Tracer is a bilateral derivative contract with transferrable positions.

Each long/short position is essentially a share of this pool.
/3 When a trader opens a leverage position on Tracer, he gets a long/short token that represents his position.

ETH price up 5% ->ETH 3x long token price up nearly 15%

You can even provide liquidity using these tokens on Balancer to earn swap fees!
Read 14 tweets
Jul 26
/1 There's a debate on CT about whether @CurveFinance economic model is sustainable or not.

What are the benefits of the $veCRV tokenomics for the long run?

What will happen to Curve after $CRV emissions will run out?

A 🧵 on my thoughts regarding Curve's future👇 Image
/2 Firstly, we have to understand why Curve Finance became so successful:
Curve is the perfect place for swapping tokens with a similar value because it allows trades with very low slippage.

In fact, 25.5% of 1inch aggregator volume was routed through Curve this month. Image
/3 Also, the popularity of Curve significantly increased after the launch of $veCRV tokenomics.

50% of all fees are given to $CRV lockers.

More than that, veCRV holders can vote on pool emissions.

So some projects decided to bribe veCRV holders to vote for their native pools.
Read 12 tweets
Jul 23
/1 Imagine a world where you can lend a token that tracks the price of S&P 500 and borrow against it🤩...

This will be possible once #Synthetix V3 comes out👀

Join me for a 🧵 on how Synthetix V3 will reshape the #DeFi Industry👇
/2 Firstly, if you don't know what Synthetix is or you would like to understand better how it works, I got you covered!

Here's a thread about Synthetix:
/3 The problems of Synthetix V2

When you mint Synths as a $SNX staker, you will own a % of the debt pool.

Your debt can increase or decrease based on the price volatility of the all Synths that were minted.

So stakers may sometimes discover that their debt increased🔴
Read 12 tweets
Jul 22
/1 @VelodromeFi TVL is up 120% in the last week!

But is there any reason for this spike? 🤔

A 🧵 about Velodrome #AMM, the next-gen AMM which prioritizes volume rather than liquidity! 👇

#Ethereum #Optimism
/2 A Solidly Fork

If you are a #Fantom degen, you've probably heard about @solidlyexchange, a new type of AMM developed by Andre Cronje.

Solidly was the first AMM that incentivized trading fees rather than passive liquidity.

But how did it work?
/3 Solidly implemented a veToken model in order to allow token holders to vote on pools emissions.

However, Solidly token stakers' rewards depended on the volume of the pools they voted for.

Their trading fees share came only from the pool they cast their vote for.
Read 13 tweets
Jul 21
/1 Synthetix is the most undervalued protocol in the #DeFi space based on its 30 days revenue🤑

But how does it work?

How did it generate $11M revenue in the last 30 days?

A 🧵 about @synthetix_io and its roadmap👇
@synthetix_io /2 Overview

Synthetix is defined as a decentralized synthetic asset issuance protocol.

So Synthetix allows the creation of synthetic assets(Synths) without being backed by the original asset.

But why would someone use a synthetic asset? 🤔
@synthetix_io /3 Here are the top benefits of the Synths assets:

- you can hold a synthetic token that tracks the value of any asset(AAPL, oil, S&P 500, EUR, BTC, etc.)
- whales can do large swaps with nearly 0 slippage
Read 14 tweets
Jul 20
/1 The #crypto projects that keep innovating in this bear market are here to stay. 🚀

If you're looking for interesting projects that continued to evolve, this thread is for you!

Here are my favorite #DeFi projects based on their recent progress 🧵 👇 Image
/2 @traderjoe_xyz - the biggest #DEX on #Avalanche

There isn't any DEX project that progressed as much as Trader Joe in 2022.

Here are their most important recent achievements:
- a brand new innovative launchpad
- Tokenomics Overhaul
- a new NFT Marketplace Image
@traderjoe_xyz The team stated that they are working now at DEX V2, which will be a new type of AMM.

They didn't give us many details about it, but I promise to keep you updated on the latest news regarding DEX V2.

Here's an in-depth thread about Trader Joe:
Read 11 tweets

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