@Contango_xyz is bringing expirables to DeFi in Arbitrum. Buy or sell assets at a set price and date in the future without order books or liquidity pools
โณEstimated time : 10min
๐ฒCost : less than $2 gas & trading fees
2/ ๐ How does this protocol work ?
When a trader opens a position, the protocol :
โซ๏ธborrows on the fixed-rate market,
โซ๏ธswaps on the spot market,
โซ๏ธthen lends back on the fixed-rate market
At maturity, Contango offers both physical delivery and cash-settlement
2/ As for #zkSync, I am not selling you a dream...
This strategy will be effective to be eligible for a more modest airdrop in case #LayerZero makes a tier system like #Arbitrum
Tell me in comment if you are interested in a top tier ๐ but more expensive strategy ๐ธ
3/ What are we going to do in this thread :
โซ๏ธBuy $STG - Stargate Tokens
โซ๏ธStake them to get eligible in snapshots
โซ๏ธSetup e-mail notification to not miss any vote
โซ๏ธMake a bridge loop to use at least 6 different blockchains
โซ๏ธContinue to make bridges over time at a lower cost
2/ VivaLeva is the first leveraged yield protocol on zkSync which allows lenders to earn stable profit, and borrowers to have a chance to maximize their yields through leverage exposure.
This protocol has just been launched it's testnet.
3/ Viva Leva confirm airdrop for testnet beta testers ๐ฐ