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

• 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)

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

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

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

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

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

---

3️⃣ All Dapps on zkEVM so far

• @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

• @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

• @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

• @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.

☺️ 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)

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 🐑

If u guys ever have any questions about anything dm me

i actually reply to every single msg on twitter lol