Uniswap and Sushiswap are just the tip of the iceberg.
Discover these lesser-known DEXes on #Arbitrum
1/ As newcomers to a new Blockchain ecosystem,
we often turn to familiar DEXs that have already established themselves in the industry.
But as we become more experienced in the space, we go DEGEN.
2/ Before Degening,
Please keep in mind that most of DEXs are still new.
They might share potential risks like Smart Contract, Anonymous Team, etc. Please DYOR.
4/ What can you do on 3xcali69?
⢠Swap one asset for Multiple Assets
⢠Pool Liquidity for Variable and Stable Pool
⢠Lock XCAL for up to 3.69 Years to Earn Protocol Revenue and Bribes
⢠Lend and Borrow Assets w/o Liquidation Risk (soon)
⢠NFT Lore
7/ What can you do on Camelot?
⢠Lock Grail for xGrail to earn dividends yield
⢠Boost Pool Yield with xGRAIL
⢠Provide Liquidity without lock
⢠Provide Liquidity in Nitro Pool to prevent Mercenary Liquidity.
9/
3. @GMX_IO
Token: $GMX$GLP
Current Price: 50$ (GMX) 0.8$ (GLP)
Total Supply: -
TVL: $388 Million (GLP on Arbitrum)
gmx.io/earn#/
Do you know that you can swap assets on GMX?
10/ Where's the liquidity from?
Liquidity for swapping is from GLP, an index asset (50% in stablecoins)
Holding GLP will earn you a Yield Over 19.79% (depending on Trading Fee sometimes it hit 50%) in ETH and esGMX.
11/ Next 3 projects will be upcoming projects on Arbitrum which do not have the exact date to launch yet.
12/
4. @traderjoe_xyz
Token: $JOE
Current Price: 0.17$
Total Supply: 500 Million
TVL: $94 Million (Avalanche)
traderjoexyz.com/trade#/
Trader Joe is a leading All-in-One service on Avalanche (Swap, and Lending) and exploring Arbitrum.
13/ What can you do with Joe on Arbitrum?
Joe published mentioning V1 (UniSwap v2) and Liquidity Book (Function like V3 but more) will be on Arbitrum
joecontent.substack.com/p/trader-joe-to-deploy-onto-arbitrum
Speculation: We might see Staking Joe function to earn trading fee in USDC on Arbitrum.
14/ What is more interesting:
Over 1,700 Million has been locked forever in ve Yield Optimizer Protocols on Avalanche.
Speculation: Joe's ecosystem (e.g. Vector Finance, Steakhut) might join Arbitrum as well.
17/
6. @orbitaldex
Not Yet Launch, and no much info
A Collaboration Between Arbitrum OGs project @dopex_io and @PlutusDAO_io
Expect Orbital to create mass-adoption for dpxUSD.
18/ See?
Not every project will win the liquidity war in the SEA.
Will the primal DEX like UniSwap and SushiSwap still hold the crown on Arbitrum?
There are challengers coming.