Explosive growth for protocols built on Perp DEXes🔥
Unleash yield strategies earning 35% on your USDC
Here is the next wave in crypto after LSDs! 🧵👇
🔷 Perp DEX 🔷
A little research on perp DEXes.
What makes me bullish about this sector and the protocols that are building on them.
As of today, the Perp DEX market size is 2.8b.
I see Perp DEX as subset of a bigger gambling narrative.
Allowing people to strategically “bet” more than their capital on both directions of an asset.
We can see more perp DEXes coming up, especially with $HMX gaining alot attention recently.
Naturally, I would be bullish on protocols building on top of these perp DEXes.
We have seen the success of @GMX_IO’s $GLP being used in strategies and generating really good APYs.
Juicy revenue generated 😍
🔷 About Vaultka 🔷
@Vaultkaofficial would fit perfectly into this narrative.
It builds strategy products on top of perp DEXes with 4 products:
Liquor
Cocktail
Non-alcoholic
Bartender
👉 Liquor
LP Optimization Vaults - Provide auto-hedging and yield optimization for Perpetual Protocol liquidity providers through vaults.
This reduces impermanent loss and market risk while maximizing returns.
3 kind of vaults: Vodka, Whisky, Sake
Vodka - $GLP delta-neutral vault (@GMX_IO)
Whiskey - gDAI leveraged vault (@GainsNetwork_io)
Sake - $VLP leveraged vault (@vela_exchange)
It’s seen steady growth in TVL over the past few weeks for its Liqor products.
👉 Cocktail
Index Investments - Offer index funds for investing in a basket of Perpetual Protocol exchange governance tokens or liquidity pools.
This provides diversified exposure and aims to amplify yields.
2 vault types:
Mojito
A Perp DEX LP Index provides diversified exposure to LPs.
The underlying LPs are carefully selected and weighted based on factors like market capitalization, fee range, on-chain liquidity depth, and past returns.
It will also incorporate yield-bearing tokens like Pendle into the index composition.
Martini
A Perp DEX Governance Index offers diversified, passive exposure to governance tokens.
The index utilizes auto-compounding and periodic rebalancing to generate an amplified yield estimated between 2-40% APR.
It also continually screens for high-upside governance tokens.
👉 Non-alcoholic
Stablecoin Lending - Lend out stablecoins to generate yield, with interest rates tied to platform utilization rates and vault returns. 35% on your USDC
Appeals to risk-averse lenders seeking higher returns on stablecoins.
With a "Pay-in-Advance" lending model, users:
Enjoy Real Yield
Predictable rewards hourly
Minimum rewards
3 lending vaults:
v-WATER - $USDC supporting lending vault for Vodka
w-WATER - $DAI supporting lending vault for Whiskey
s-WATER - $USDC supporting lending vault for Sake
👉 Bartender
Market Insights - Aggregate and analyze data on funding rates, open interest, historical yields, product updates etc. to provide actionable insights for users.
Keeps users informed on market trends.
🔷 Roadmap 🔷
I am looking forward to their token launch and stablecoin. So you read my newsletter, you would have known that there are some GIFTS for you!
This is NFA and you make your own choices, so, if you like some IDO slots drop me a DM :)
🔷 Partnerships 🔷
@Vaultkaofficial have secured very strong partnerships.
They have gone and going through rounds of audits.
🔷 Conclusion 🔷
In summary, you can find this infographic for all that you need to know about @Vaultkaofficial.
Twitter: https://twitter.com/arndxt_xo/status/1693946126570025406