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Unleashing the Potential of the Zksync Ecosystem

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3 years ago

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Are you really waiting for $ZKS? You can do so much more... All it takes is a hint of curiosity. In the #Zksync ecosystem, I uncover exciting projects every day. And today, I'm pocketing $5000 USD just for exploring @mavprotocol Wondering how I stumbled upon this one ? ๐Ÿ‘‡๐Ÿงต
Unlock the power of simplicity, without the need for extensive 40-tweet threads. It all begins right here: ecosystem.zksync.io/ Yes, indeed, on the Zksync era website. It may sound surprisingly straightforward, yet it serves as the ideal starting point.
I discovered that @1inch is available on Zksync Era, what could be better to optimize my swaps? So, I decide to initiate my first swap and see, out of curiosity, which protocol it suggests. The route it takes goes through Maverick. Well, I'm not familiar with that one. ๐Ÿค”
So, I need more information about this project. Where should I start? @DefiLlama , of course, as always! Therefore, I search for @mavprotocol to gather information about the project, reliable websites, and the Total Value Locked (TVL).
I discovered that this project raised $1 and $8 million in funding rounds in 2021 and 2022. It shows they have a strong foundation. While the Total Value Locked (TVL) isn't impressive, the trading volume is really high. So, I decide to dig deeper into the project.
As I arrived on the pools page, I found myself faced with something very different from usual, and I was provided with an article to understand it. Naturally, I clicked and started reading. I found the model to be quite complex, but it seems to work well given the volumes!
I try to find pools with low risks, we all know how Ranged pools can be hard to manage. Bingo ! ๐Ÿ”ธ $USDC / $LUSD ๐Ÿ”ธ $USDC / $USD+ ๐Ÿ”ธ $ETH / $USDC
I give the protocol a chance and invest some $USD into the pools because the Annual Percentage Rates (APR) are absolutely enormous. (Note that I am not an expert, and the APRs haven't made me wealthier as I poorly managed the ranges. However, I haven't lost any money either!)
And there, I dig a bit deeper and realize that the project doesn't have a token yet, but it is indeed planned to have one in the future! Besides understanding the project, I might have a chance to earn tokens." A few weeks later, the Binance Launchpool is announced.
Naturally, the airdrop hunters jump on the topic, and everyone tells you what to do, how to meet the minimum criteria, anything you want. As for me, I stick to what I did without any particular expectations. Until the airdrop announcement, and there it is, the jackpot.
What is the lesson from this thread? I didn't discover this project on Twitter, I didn't even follow their Twitter account! I did everything using simple everyday tools: ๐Ÿ”ธ The Zksync website ๐Ÿ”ธ @DefiLlama ๐Ÿ”ธ @1inch That's all !
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Maxime L

@MaximeL101

Community & Marketing Lead @elys_network My posts only represent my vision, not Elys Network's.