Arbitrum is on fire!
With $ARB airdrop worth >$1B, a lot of liquidity will trickle into its ecosystem projects.
"A rising tide lifts all boats"
If you still look for INVESTMENT OPPORTUNITIES, this is a mega thread with 30 innovative projects building on Arbitrum:
$GMX
@GMX_IO is a decentralized perpetual exchange that allows users to trade BTC, ETH and others with up to 50x leverage and no price impact.
GMX has seen an incredible adoption with total volume >$110B and total fees ~$170M.
MC: $696M
twitter.com/ChadCaff/status/1597900862638026752
$GNS
@GainsNetwork_io is a decentralized perpetual exchange offering leveraged trading on crypto, forex, stocks, commodities and indices.
With $32B total volume and $23M total fees it has definitely proven to have product market fit.
MC: $284M
twitter.com/rektdiomedes/status/1486250275887214599
$MAGIC
@Treasure_DAO is the decentralized gaming ecosystem connecting games and players.
It has been very successful in providing interoperability for GameFi projects by bootstrapping community and liquidity for them.
MC: $373M
twitter.com/DeFiMinty/status/1615755226337755136
$DPX
@dopex_io is a decentralized options protocol.
They enable option trading via a notion of option vaults.
The purpose is to win the option market by offering fair prices, deep liquidity and minimizing losses for option sellers.
MC: $86M
twitter.com/milesdeutscher/status/1559900479962116098
$RDNT
@RDNTCapital is a lending protocol with omnichain liquidity.
It means you can deposit assets on one chain and borrow on other chain.
V2 is coming soon with cross-chain expansion, new assets and improved tokenomics.
MC: $90M
twitter.com/ThorHartvigsen/status/1635718274498564096
$PREMIA
@PremiaFinance is a decentralized options platform with market-driven pricing via an AMM.
It's available on multiple chains and differntiates from competitors by offering American style options.
MC: $65M
twitter.com/Slappjakke/status/1598405689814048768
$LYRA
@lyrafinance is a decentralized options protocol based on an AMM model.
Option traders buy and sell options against a pool of liquidity provided by LPs.
LPs earn fees and are also protected from the tail-end risk through automatic hedges.
MC: $49M
twitter.com/CryptoKaduna/status/1631285918475722752
$VELA
@vela_exchange is a decentralized perpetual exchange that aims to provide traders with experience comparble to CEXes.
It has been growing in popularity and reaching impressive volumes, mostly due to upcoming airdrop.
MC: $44M
twitter.com/ChadCaff/status/1635372621935308801
$GRAIL
@CamelotDEX is the Arbitrum native dex with some fancy features and smart tokenomics.
It has already established many partnerships and has become the main launchpad for new projects on Arbitrum.
MC: $42M
twitter.com/2lambro/status/1622894237447749632
$MUX
@muxprotocol is a decentralized perpetual exchange with zero price impact and aggregated liquidity.
The protocol unifies liquidity accross multiple chains and allows trading with the same depth on any of them.
MC: $35M
twitter.com/ArbiAlpha/status/1612705847314092032
$PENDLE
@pendle_fi is a protocol that splits yield-bearing assets into principal tokens and yield tokens.
This creates a whole new primitive of yield trading, fixing an otherwise volatile yield or buying assets at a discount.
MC: $37M
twitter.com/CryptoWithNick/status/1635396299620237312
$OATH
OATH is the governance token of the @ByteMasons ecosystem - a suite of products with money market, vaults, its own stablecoin and some other pieces.
All the revenue streams go to OATH and may put a flywheel in motion.
MC: $32M
twitter.com/BillyBobBaghold/status/1623256971775180801
$CAP
@CapDotFinance is a decentralized perpetual exchange with zero price impact and up to 100x leverage.
It supports trading on crypto, forex, index, metals and allows traders to set up advanced order types.
MC: $32M
twitter.com/Crypt0_Andrew/status/1567170008043716608
$HEGIC
@HegicOptions is a decentralized options protocol that makes option trading extremely simple.
With its one-click trading feature, options are maximally simplified for users and easily adjustable to their needs.
MC: $23M
twitter.com/0xTindorr/status/1613246483385683969
$JONES
@DAOJonesOptions is a protocol that makes complex DeFi yield strategies simple.
Their vaults and yield-bearing tokens unlock liquidity and enable greater capital efficiency for users.
MC: $14M
twitter.com/ArbiAlpha/status/1616737471743819783
$ARC
@arcadeum_io is a decentralized casino that offers provably fair odds so players don't have to worry about being cheated by the casino overlords.
The protocol uses liquidity pools that allows LPs to be the house and profit from gamblers losing money.
MC: $14M
twitter.com/RvCrypto/status/1636647855694782466
$UMAMI
@UmamiDAO is a protocol that aims to bridge the gap between DeFi and TradFi by offering DeFi Yield products tailored to institutional investors.
There was some drama with the founder last month but the Team is still working on the project.
MC: $11M
twitter.com/jimmybluebags/status/1623805751411228673
$BFR
@Buffer_Finance is a decentralized binary options trading platform.
Binary options are different than perpetuals because traders only bet on the price going up or down.
Traders either get a fixed return or nothing at all.
MC: $11M
twitter.com/LouisCooper_/status/1583473224037212161
$SPA
@SperaxUSD is a protocol that mints $USDs, a 100% collateralized stablecoin with built-in yield for its holders.
They also released DEX liquidity manager (Demeter) that can be used by DAOs to launch incentivised farms on Uniswap v3.
MC: $10M
twitter.com/RealDegenGMX/status/1636748674641563648
$PSI
@TridentDAO is a web3 game venture that aims to change the crypto gaming industry.
They replace Play-to-Earn concept with Risk-to-Earn where players wager tokens on in-game matches to get rewards.
The narrative is that it's a low-cap competitor to $MAGIC.
MC: $10M
twitter.com/defislate/status/1636804920601870341
$Y2K
@y2kfinance is a protocol building derivative products around the peg of "stable" assets.
Their main product allows users to hedge against de-pegging of stablecoins, like recent USDC event.
More products soon.
MC: $9M
twitter.com/0xMughal/status/1633844114600132610
$GOVI
@official_CVI is a protocol building Crypto Volatility Index (CVI) - a decentralized VIX for crypto or a "market fear index".
CVI allows users to bet on the market volatility without picking the direction of the movement.
MC: $8M
twitter.com/ViktorDefi/status/1613504066482753536
$FCTR
@FactorDAO is a protocol that allows users to create tokenized baskets of any assets.
If offers a plethora of possibilities: replicating others portfolios, market neutral strategies and more.
MC: $8M
twitter.com/Cryptotrissy/status/1628728394748919808
$PLS
@PlutusDAO_io is a governance aggregator for Arbitrum veTokens.
Think Convex of Arbitrum but for many tokens: $DPX, $JONES, $SPA.
MC: $7M
twitter.com/thelearningpill/status/1613928888647942144
$IPOR
@ipor_io is a protocol offering Interest Rate Swaps for DeFi.
It is a huge market in TradFi heavily used by big institutional players.
With no real competion in this area in DeFi, IPOR unlocks an untapped potential of institutional adoption.
MC: $7M
twitter.com/DeFiMinty/status/1589664524524822534
$VSTA
@vestafinance is a lending protocol with its own stablecoin $VST, a mix of @LiquityProtocol and @MakerDAO
Users can borrow VST against ETH, gOHM, GMX, GLP or DPX.
With the recent fud around centralized stables, a decentralized alternative may see some tailwinds.
MC: $6M
twitter.com/TheDeFinvestor/status/1559525451076362242
$KROM
@KromatikaFi is a meta dex aggregator with no price slippage, no front-running bots, gasless mode and fees earning limit orders.
It also offers perpetual trading up to 100x leverage with low trading fees and 70+ crypto pairs.
MC: $6M
twitter.com/RiddlerDeFi/status/1609634588120203264
$WINR
@WINRProtocol is an infrastructure to build decentralized on-chain gambling and P2E games.
The core foundation is the liquidity pool (WLP) that works similarly to GLP on @GMX_IO - LPs become the house.
@JustBetOfficial is the first casino built on top of it.
MC: $6M
twitter.com/defi_candle/status/1632057717249687553?s=20
$GMD
@GMDprotocol is a protocol offering delta-neutral vaults built on top of $GMX and $BFR with plans to expand into $GNS.
Delta-neutral vaults allow LPs to profit from the fees generated by the integrated protocols while hedging other risks.
MC: $5M
twitter.com/ArbiAlpha/status/1632138876134522881
$BETS
@Betswirl is a GambleFi protocol offering fair odds for its users secured by Chainlink randomness.
It's currently available on Avalanche, Polygon and BSC but is coming soon to Arbitrum.
With wagered volume >$1M last week it is clearly getting more traction.
MC: $4M
twitter.com/crypto_linn/status/1635286784648282115
ATTENTION!
Many tokens in the Arbitrum ecosystem has pumped a lot in the recent days.
My general advice is not to fomo in.
It's better to wait for pullbacks, unless you believe a protocol is still severely undervalued even after the pump.
Not financial advice :)
What protocols with high potential have I missed?
Share in the comments, please!
Bonus points for explaining what the protocol does and why you think it's undervalued!