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GammaSwap 👽
GammaSwap 👽 kirjasi uudelleen
The GammaSwap WETH/USDC pool which the gETH token is using to hedge IL is paying 8% in real yield and 64% in esGS rewards (GS with a 30 day vest). It has the same IL risk as UniV2 with utilization risk similar to lending markets
gETH is paying 13.68% yield on gETH with 2.75M


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GammaSwap 👽 kirjasi uudelleen
There's a new cool kid in the DeFi school 😎
Name's @GammaSwapLabs and you might have noticed it on your timeline if you follow the right accounts
They have an ongoing GammaSwap Summer incentive campaign (currently in phase 2)
It basically provides top APYs thanks to esGS incentives (the escrowed version of their $GS token)
But what I'm even more interested in is the latest primitive dropped on the platform: $gETH
This synthetic version of $ETH is pretty unique
It's inspired by Ethena's model of hedging spot assets
What gETH does is to work on AMMs and impermanent loss though
APY's decent enough if you're already holding ETH, +6%
And I've read that they're going to have a $gSOL eventually as well 👀

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