Thread by @bizyugo

Think of @garbi_protocol as a robot (depicted on their logo) that will reward you for helping it run to process a job.

How does it work? Well, let's get into it 🤖🧵 (0/13)

1/ @garbi_protocol is a DEX protocol that uses an AMM to manage liquidity #buidl on @arbitrum.

They have three sub-products for now :

2/ Garbi Swap (main product)

An AMM is focused on stablecoin trading, so it's lower risk and has nearly no impermanent loss.

LPs get rewards not only from trading fees but earn more from @garbi_protocol supplying unutilized liquidity to @AaveAave v3 or other DeFi protocol 💸💸

3/
@garbi_protocol claims that Garbi Swap has the lowest trading fees on #arbitrum.

0.2% regular and 0.01% stablecoin 👀🔥

4/
When using Garbi Swap, users automatically get $GRB from "Transaction Fee Mining."

As an incentive, @garbi_protocol will return up to 50% (depending on the pair) of the transaction fee when traders make a swap on the platform.

5/
i.e., you swap $ETH for $USDC, and the fee return for that pair is 50%.

A transaction fee of 0.2% will be charged. Once the transaction is complete, the system will immediately return the fee you paid in $GRB

6/ Garbi Game (Garbi Lottery Zero Loss) 🎮

All you have to do is deposit your funds into the pool and hope for the best.

@garbi_protocol generates the prize by yield farming using pooled funds.

Best part? Even if you don't win, you keep all your deposited funds. 🤩

7/ Garbi Farms

@garbi_protocol incentivizes their LPs reward with $GRB

Though there'll be a deposit fee (2.5%), LPs will only get 30% of the trading fees generated, with 50% going to the foundation and 20% for $GRB buyback and burn.

8/ Tokenomics

💸Name: Garbi Protocol

💸Ticker: GRB

💸Chain: Arbitrum

💸Max supply: 1,250,000 GRB

💸Contract: 0x5Fd71280b6385157b291b9962f22153FC9E79000

$GRB has been officially listed on @oreoswap

9/ $GRB Utility (a-c) & $veGRB Utility (d-

a. Governance
b. Yield farming by depositing as LPs
c. Trading NFTs on Garbi Marketplace

- Revenue share by staking
- Governance
- Boost APR in LP pool
- 10% profit when Zero Loss Lottery + 25% tx fee

10/ Yield Reward

60% of the reward is received in $veGRB
40% of the reward is received in $GRB

11/ $GRB Deflationary Mechanics

• 5% profit on Zero Loss Pool used to buy $GRB burn
• 0.5% profit on Farms used to buy $GRB and burn
• 0.04% of the Swap trade fees are used to buy $GRB then burn
• 0.5% of the deposit fees are used to buy $GRB burn.

12/ Roadmap 🛣️

- GarbiSwap - launched ✅
- GarbiFarm - launched ✅

Almost done and ready to launch
- Zeroloss Lottery
- Garbi Game
- Garbi Academy

You can see the full roadmap on their docs:
garbi-protocol.gitbook.io/docs/road-map/…

13/ Audit

@garbi_protocol's smart contract has been audited by @CognitosAudit

The report can be found here:
cognitos.io/garbi-protocol…

Tagging some gigabrains just because:
@rektdiomedes
@TheDeFinvestor
@Dynamo_Patrick
@DefiIgnas
@burstingbagel
@0xTindorr
@Chinchillah_
@DeFi_Cheetah
@DeFi_educator
@alpha_pls
@ViktorDefi
@burstingbagel
@crypto_condom

Thank you for reading. this is just a primer, so follow it up with your own due diligence.

Anyway, follow me @bizyugo for more protocol threads.

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https://twitter.com/bizyugo/status/1626808753919229952