GMX GLP yield goes super viral on yield farming. Is there any alternative with similar risk?

Curve TriCrypto. Why? Let's dive in 👇
1️⃣ TriCrypto Basic
2️⃣ TriCrypto Yield Source
3️⃣ TriCrypto Risk
4️⃣ Comparison with GLP
5️⃣ Chains Availability


Big shout out to @DeFi_Made_Here for the inspiration!

https://twitter.com/DeFi_Made_Here/status/1623708932538507269?t=gY3bZsGy1oLkKZHWQtbbYg&s=19

1️⃣ TriCrypto Basic

It is a Curve v2 liquidity pool consisting of equal portion of USDT/WBTC/WETH. It powers the swaps between these 3 assets on Curve.


2️⃣ TriCrypto Yield Source

- trading fees, fees collected during any swaps via Curve
- staking yield, incentivized CRV from Curve

3️⃣ TriCrypto Risk

Suffers from impermanent loss. For instance, the pool will have 1.74% IL when there is 50% price change on both WBTC and WETH.

Can simulate the IL from the tool https://baller.netlify.app/.

5️⃣ Chains Availability

GLP - only on Arbitrum and Avalanche (BNB soon)
TriCrypto - on 5 chains including Ethereum, Polygon, Arbitrum, Avalanche, Fantom

(Thanks @CurveCap summarising $CRV emission on each chain)
https://twitter.com/CurveCap/status/1625532410069913603

Curve tricrypto is the new GMX GLP!