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What is actually on polygon's zkEVM now
i found 1 good thing to do
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
Pure Airdrop hype?
Heres my no bullshit thread
i will talk about 3 things
Real opportunties on zkEVM
Overview of all zkEVM now
All Dapps on zkEVM so far
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
173% (emission yield)
146% (emission yield)
63% (emission yield)
But is not all just promotional yield
if u check @coingecko
the real trading volume/liquidity ratio is high as well.
550k TVL, Opportunity is around incentive farming
10FXS a day for
(4.5e tvl) not attractive + getting frxETH on zkevm is a bitch
(18k tvl) not really attractive, assume fxs 7usd, 70/18000= 0.003 per day for the hassle i don't know man
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
🔹 prob first stable swap
🔹 single side liquidity
🔹 ve yield boost
2️⃣ Overview of polygon zkEVM now
its a baby right now, with 10m TVL
Overview of tokens
USDT 700k on-chain
USDC 2.3m on-chian
Frax ecosystem are in there so early
NFTs havent gone crazy minting yet but looks "hardworking" teams are about to start lol
3️⃣ All Dapps on zkEVM so far
biggest swap right now,
v2 + v3 LP style
intergrated with @GammaStrategies
worth digging into for farming opportunties
Swap, with a perp coming (different token)
nothing much to farm right now
quick dev team so far tho
passed goverance, should be coming soon
Canto + zkEVM swap, UI can't get to zkEVM yet
not sure whats going on there
66k tvl, seems meh
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
perp coming soon?
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
small swap i don't know wts up
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.
☺️ Hopium mode
zkEVM has a good setup
🔹 great access to affordable dev teams,
🔹 strong proven BD skill to invite more protocols
🔹 cult like community
🐻 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)
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 🐑
If u guys ever have any questions about anything dm me
i actually reply to every single msg on twitter lol