@DarthvaderHau Arbitrum offers a vibrant ecosystem and great risk-reward potential.
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Wilfred
78 posts
The leaders in the L2 space are by far Arbitrum and Optimism, which are two optimistic rollups, and also the only two major rollups that have tokens. Not a single zk-rollup has reached the activity, adoption or TVL of these two, but I will keep an eye on zkSync, Starknet and Polygon zkEVM.
Comparison of the existing L2s on L2beat.com (in August 2023)
The EIP-4844 upgrade is supposed to take place at the end of this year, and one of the benefits of this upgrade is to reduce the gas fees on the optimistic rollups. This is a great catalyst for $ARB and $OP that the market is already aware of.
For all of these reasons, I want to take the L2 trade, and because I am already diversified enough in terms of narratives I play, I don’t want to be diversified in that trade, so I have to choose between $ARB and $OP, and my choice is $ARB.
Arbitrum has more daily active users, it has more TVL, it had more daily transactions (until the launch of Worldcoin), it attracts more protocols going multichain and more new protocols, compared to Optimism. In one word, Arbitrum is the most vibrant ecosystem and that is why I want to be exposed to it. I also have the feeling that Arbitrum is the best place to find on-chain gems that can return multiples, and we’ve seen this with $GMX $GRAIL $RDNT $VELA $Y2K for example. I also hold a position in $GMX (see below) and $GRAIL, which make me exposed to Arbitrum growth not only via $ARB.
To be honest, with the launch of Base and Worldcoin that are both built using the OP Stack, and the fact that $OP FDV is around twice smaller than $ARB, I think that holding $OP is an equally good bet compared to $ARB. The “shortcomings” of the two tokens are their high FDVs, but remember that $SOL, $ADA and $BNB all reached FDVs higher than $100M at some point… so considering that the risk associated to $ARB is very low, I think it makes $ARB a good risk-reward bet.
Liquid Staking (LST) narrative : $LDO
The Shanghai update on Ethereum in April finally allowed stakers to withdraw their staked ETH. As I anticipated, there was absolutely no wave of unstaking; in fact, it's quite the opposite: many people are now in the queue to stake their $ETH, with few requesting to unstake them. I believe that Shanghai has ushered in a new era for Ethereum, where LST (liquid staked tokens) will become increasingly important.
Indeed, now that one can more easily move between ETH and liquid staked ETH, the risk of holding staked ETH has been drastically reduced. It makes a lot of sense from a risk/reward perspective to keep your ETH as staked ETH to obtain a passive yield.
The main LSTs available at the moment are : stETH (Lido), rETH (Rocket Pool), cbETH (Coinbase), frxETH (Frax), sETH2 (Stakewise). Lido has been the leader by far for a long time, and I see no reason why this would change : it has mindshare, it is seen as the safest one, it is the most liquid LST, and people are lazy to change their habits.
Source : defiwars.xyz/wars/eth
We have also seen a whole new sector emerge : “LST-fi”, which is basically new DeFi protocols that are based on LSTs, for example Liquity forks that work with stETH as collateral instead of ETH. Lybra and Raft are examples of Liquity forks, but we could also cite Unsheth, Eigenlayer or Pendle in the LST-fi sector.
As long as the TVL of LST and the LST-fi sector grow (which I speculate will happen during the whole 2 years to come), people will want to trade the narrative. The most obvious bet in that case is simply to buy $LDO, because it is the leader.
What’s more, Lido is currently the most closely related protocol to Ethereum and its success, which means that it’s a levered bet on ETH, or a “high beta” altcoin to ETH : it is a way to outperform ETH on the way up, and accumulate more ETH. At least I hope that the market will follow this thesis.
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The crvUSD yields on Silo Finance comes from the borrowing demand from its crvUSD lending market, $CRV incentives to crvUSD and also the crvUSD utilization and TVL. Due to the max bribes on crvUSD this epoch, the crvUSD pool’s APY has surged.
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#Penpiexyz_io offers 1.9x boost rewards on the crvUSD pool and the current APY is 43%.
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Pear Protocol Beta closed beta has been running for six weeks.
Recent updates to the beta include new features such as managing collateral, detailed trade information, transferring NFTs and trade positions, asset swapping within the app, and an updated UI with chart saving, and customization options.
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@RizethX @L3E7_Official nghe đồn mấy wl chắc suất tới 1k5$ 2k$ đó @@ ai trúng thì bú đẫm
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Look on the bright side. Scrutiny provides validation.
Was just reading the court transcript.
Court: "... Similarly, you all repeat in the memo that there's no evidence, absolutely no evidence of any dissipation of assets whatsoever. And the government at this point has said they haven't seen the evidence of offshore transfers from BAM Trading itself... "
Funds are #SAFU. 🙏
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12 Straightforward quotes on self care:
1.
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🟧🟧#OrangeCult Stealth Launch Today 🟧🟧
Total Supply: 1M
Token Name: OrangeCult
Token Symbol: $FFCULT
No Tax
Renounce & LP Burned - After Launch
Telegram: t.me/OrangeCult
Website: ff6000cult.io
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