Say bye-bye to Ponzi yields-A new era of decentralized perpetual(GMX and one surprise!)

TheRedKnight
Coinmonks
10 min readJul 14, 2022

--

Sign up to Medium using this Link if you haven't yet.

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.

Image from Delphi article

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!

  1. Why these protocols?
  2. Decentralized perpetual
  3. GMX
  4. Gains protocol
  5. 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…

--

--

TheRedKnight
Coinmonks

Anything Related to crypto is always under my radar. But none is financial advice. As a guy who dreams decentralized world, let my face remain unknown.