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Say bye-bye to Ponzi yields-A new era of decentralized perpetual(GMX and one surprise!)
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Decentralized perpetual may be the next boom in crypto markets; with tonnes of perpetual popping up all over in crypto space, let's take a look a two unique protocols which can give you organic, non-inflationary yields.
Decentralized derivatives exchanges' market share has increased tenfold in the last year, but it is still only 2 per cent compared to CEXs. As a flagship product for crypto, DEXs have a long way to go before they can truly compete with their centralized counterparts in terms of speed, liquidity, user experience, and composability.
In this article, I will cover gains. trade and GMX protocol, one in Polygon and another in Avalanche and Arbitrum. Both protocols support leverage trading of perpetual, and you can trade crypto, stocks and even Forex!
- Why these protocols?
- Decentralized perpetual
- GMX
- Gains protocol
- Conclusion
Organic yield- Pathway to Defi sustainability
I’ve always been skeptical of the current Defi yields because they’re not organic. Consider the protocol XYZ as…