Where are the opportunities on @optimismFND ?
find the lambro 🐑 find Opportunites
Opps we lost 2 substack frens since last email but anyways!
Welcome the 44 newly lambro substack frens who have joined me since June!
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We are still early, learning, growing with u guys since january 2023
Where are the opportunities on @optimismFND ?
ETH L2 narrative is coming
Hows $OP so far?
For the lazy readers
i put actionable opportunties below starts with a "🐑"
find the lambro 🐑 find Opportunites
Quick TLDR on whats on Optimism DeFi
Optimism TVL by Category for Dapps over 5m TVL
DEX 36.2%
Lendinging 18.6%
Derivatives & Synthetics 19%
DEX
Dex is dominate by @VelodromeFi but
Best farms without locking is
🐑 @KyberNetwork has some good yield 26.76% ETH/sETH
depeg on @synthetix_io $sETH is low.
so its 26% apy on basically just holding ETH
diving deeper into the $SNX ecosystem later guys!
🐑 WBTC/USDT 18.4% not bad
Lending
Lending is dominated by @aave
However there are few strategy u can run with $SNX on @sonnefinance
🐑
Although small capacity n maybe short lived
lending apy is 51%
with funding rate of 0.01 approx 10.95%
or
aave on eth cost 13.31% to lend
u can run some delta neutral there
U can do the exact same strategy on @GranaryFinance as well but has even less capacity.
i wonder who is going so hard in shorting snx?
Notable mention @ExactlyProtocol , pretty neat design n one of the few projects that didnt "immigrate" to OP
Derivatives & Perp Space
@perpprotocol 's "Hot tub" ETH arbitrage vault has relatively good yield of 10% as well.
It is basically an arbitrage/ keep the peg pool for perpetual protocol, worth checking out too
CDP
@overnight_fi
@QiDaoProtocol
@EthosReserve
Index
@dHedgeOrg
@torosfinance
Yield
@beefyfinance ( interview with @eren_beefy soon!)
n more... not going to list them all
but noteable mention is @ExtraFi_io
🐑
a leverage yield farm, with $OP incentives worth finding gud short term farms.
I will keep an eye on $OP incentive to find alt pair to farm
*Not recommending this pair but just showing u the UI
This is just a quick post after my researwch into $OP looking to dive deeper into the @optimismFND ecosystem n find some gems.
DM or tag me anything cool guys!
cc
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