The @GammaSwapLabs protocol must be one of the most underrated ones around Possibly because they're still relatively small in scope But things will change, or better yet, they are changing The basics of the protocol aren't too different from most DeFi dApps out there: - A swap for tokens - Perp Options - LPs - Staking for their $GS token But their biggest asset is the gTokens 👇 Live on @base, the first gToken launched by GammaSwap was $gETH Inspired by Ethena, this synthetic version of $ETH earns fees from a strategy combining concentrated liquidity providing minus the cost to hedge the position It currently has around $2M in TVL and an APY above 10% This is higher than most options you'll find around for a very simple "Deposit $ETH and earn" The UX of getting in and out of this vault is basically like a simple swap And the next gToken is already live 👇 $gBTC was an obvious choice to follow the first gToken APY right now might be a bit inflated, but if it...
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