🔥 How to capture the opportunity of GMX v2
5 Bold Predictions about GMX v2
GMX V2 Details aren't 100% set but
Think ahead, Invest ahead of the cruve
Heres my thought on potential impact, catalyst n opportunities.
TLDR GMX V2 mechanism (details tbc)
📍 GLP will be a group isolated LPs (markets)
instead of one single GLP, be it ETH/STABLE, BTC/STABLE
📍 New Fee structure
Funding, borrow Fees & Price impact
📍 Synthetic Asset can be listed
More details from Great thread by my bro @NintendoDoomed
https://twitter.com/NintendoDoomed/status/1645101280917090305
❗Bold Predictions
1️⃣ Seize a BIG share of swap (yes, swap!) market volume
With the new isolated LP model, GMX will be able to setup more pairs & taking swap volume from dex
Will be interesting to see the PnL of gmx lp eth/stable compare to eth/usdc uniswap v2 lp
2️⃣ MORRRRREEEE markets
More Asset to trade, More traders i believe
but will there be more fee with the new fee structure?
3️⃣ GLP War 2.0
with Isolated GLP pairs will @GMX_IO and its zero IL nature,
Smart Yield Protocols are coming
More diverse or better preformance Delta Neutral or Leveage GLP strategies?
with single GLP pair
it should be easier to manage the delta rebalancing of pairs?
which dev will work hardest, fastest?
A list of GLP yield protocol
adding the new @archi_fi into this mix, customizable leverage n hedge on GLP.
*with 2% airdrop for early users*
cc @Neutrafinance @Rodeo_Finance @steadefi
4️⃣ GMX v2 fork season
ok lets admit it, someone is gonna fork something on a new chain somehow n maybe with some more exotic LP pair.
potential early farm or cheap rotation token bet?
5️⃣ Potential GMX yield increase > GLP
$GMX captures fees from all pairs, isolated GLP capture that single pair.
bullish on $GMX yield or is $GMX priced in already?
Keys metric to monitor when it comes out
Trading Vol, trader count
LP TVL
LP PnL
Just my quick thoughts love to hear ur thoughts on it, reply me in my first substack “note”
Reall appreciate if u guys can show some love to my first substack note!