2lambroz.eth’s Substack

Share this post

What is actually on polygon's zkEVM now

2lambroz.substack.com

Discover more from 2lambroz.eth’s Substack

Welcome to the twisted mind of a logical investor, hopium addict and degen meme artist Hopefully u will find Alpha, DeFi Research Insight & MEMES 🐑 https://twitter.com/2lambro
Over 1,000 subscribers
Continue reading
Sign in
DeFi

What is actually on polygon's zkEVM now

i found 1 good thing to do

2lambroz.eth
May 21, 2023
3
Share this post

What is actually on polygon's zkEVM now

2lambroz.substack.com
7
Share
Image

Been hearing about growth of Polygon zkEVM?

Not a airdrop hunter but want to know what's going on there?

2 min to know everything you can do on zkEVM

  • Real Opportunity?

  • Pure Airdrop hype?

Heres my no bullshit thread

i will talk about 3 things

  1. Real opportunties on zkEVM

  2. Overview of all zkEVM now

  3. All Dapps on zkEVM so far

  4. Thoughts n Summary


1️⃣ Real opportunties on zkEVM

Incentive farming & Farming yield from airdropper lol

Let me show u some click bait 🔥 APR on zkEVM right now

@QuickswapDEX

  • USDC/DAI

    173% (emission yield)

  • USDT/DAI

    146% (emission yield)

  • USDC/WBTC

    63% (emission yield)

Image

But is not all just promotional yield

if u check @coingecko

the real trading volume/liquidity ratio is high as well.


@DovishFi

550k TVL, Opportunity is around incentive farming

Loading video

10FXS a day for

  • wETH/frxETH

    (4.5e tvl) not attractive + getting frxETH on zkevm is a bitch

  • USDC/FRAX

    (18k tvl) not really attractive, assume fxs 7usd, 70/18000= 0.003 per day for the hassle i don't know man

Image

They also do some $DOV incentives but the $DOV LP is quite thin, only paired with 23eth so it will be very low capacity

They have a perp coming up but somehow it will be in another token $SHK so im not sure how will this $DOV capture its value.

Conclusion maybe too early or meh


Something to look at @MantisSwap

there aren't a stable swap on zkevm yet.

i haven't digged deep yet

but my friend @saushank_ link me in say its worth checking out more n he normally don't miss much

tldr

🔹 prob first stable swap

🔹 single side liquidity

🔹 ve yield boost

2️⃣ Overview of polygon zkEVM now

its a baby right now, with 10m TVL

Image

Overview of tokens

  • USDT 700k on-chain

  • USDC 2.3m on-chian

  • Dai 80k

  • BTC 700k

  • WETH 2.3m

  • Matic 3.5m

interesting that

Frax ecosystem are in there so early

  • sfrxETH 475k

  • frxETH 455k

  • FPIS 469k

  • FXS 180k

NFTS

Image

NFTs havent gone crazy minting yet but looks "hardworking" teams are about to start lol


3️⃣ All Dapps on zkEVM so far

Image
  • @QuickswapDEX

    biggest swap right now,

    v2 + v3 LP style

    intergrated with @GammaStrategies

    worth digging into for farming opportunties

  • @DovishFi

    Swap, with a perp coming (different token)

    nothing much to farm right now

    quick dev team so far tho

Image
  • @Uniswap

    passed goverance, should be coming soon

  • @LeetSwap

    Canto + zkEVM swap, UI can't get to zkEVM yet

  • @antfarmfinance

    not sure whats going on there

    66k tvl, seems meh

Image
  • @0vixProtocol

    live lending protocol (only for now)

    not much liquidity to borrow.

    lending is not really worth it right now, if u are bridging all the way to zkEVM might as well do something with high apy

    but if u are a airdrop hunter put a bit in a guess

Image
  • @d8x_exchange

    perp coming soon?

  • @SatoriFinance

    perp that raised 10m with @coinbase & @polychaincap

    must be something?

    i remember it was on DOT but i guess they kept changing, keen to know more

  • @zkEVMswap

    small swap i don't know wts up

  • @defi_zk

    small swap i don't know wts up


4️⃣ Thoughts n Summary

Its a baby with a promise of airdrop and a proven team @sandeepnailwal

i wish the baby will turn into a hottie.

Image

☺️ Hopium mode

zkEVM has a good setup

  • 🔹 great access to affordable dev teams,

  • 🔹 strong proven BD skill to invite more protocols

  • 🔹 cult like community

Image

🐻 Bear mode

  • 🔹 Polygon is trying to do too much, defi, gaming, web2 adoption

  • 🔹 Thier DeFi have slowed down a lot, they defi "king" is quickswap

  • 🔹 zk is cool but how many people actually care?

    we have seen @Shade_Protocol fade and @monero having a target on his back ever since

If u tried using zkEVM

u know there aren't much liquidity in most bridges.

U can basically only do ETH from eth mainnet.

User experience not great so far (but we early)

Conclusion

I have always respected @sandeepnailwal 's work

i like early farming, farming on activity's that airdrop hunter's "wash swap" lol

As someone that got rekt in ftx these high apy small capacity farms is good for me

a bit too early but worth keep an eye on.

hey at least is not full of rugs n like @zksync right now lol

Thats a wrap, thanks for reading.

I have got a few more cool post coming up.

check out link in my twitter profile for more n earlier stuff

lambro out 🐑

Image

If u guys ever have any questions about anything dm me

i actually reply to every single msg on twitter lol

3
Share this post

What is actually on polygon's zkEVM now

2lambroz.substack.com
7
Share
7 Comments
Share this discussion

What is actually on polygon's zkEVM now

2lambroz.substack.com
0xsimmy
Writes 0xsimmy’s Substack
May 22Liked by 2lambroz.eth

Great stuff man! I look forward to reading your articles. I have been thinking the same thing about zksync and zkevm... not much to do or worth the risk yet either. I been playing around on both but with small money. Thanks for these articles!

Expand full comment
Reply
Share
6 replies by 2lambroz.eth and others
6 more comments...
Top
New
Community

No posts

Ready for more?

© 2023 2lambroz.eth
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing