Today's special guest is David Kim, Co-Founder of NAKJI NETWORK. Tune in for big alpha drops in the blockchain industry:
$MOVR Ecosystem
$DYDX
and much moreMoonriver has seen significant growth (150%) with strong farming opportunities
- Has all of the building blocks of an emerging ecosystem DEX, launchpad, yield aggregator, and lending protocol
- So far 2 strong DEX’s on Moonriver: Solar Beam and Moonswap
- Solarbeam/MOVR does 330% APR
- Solarbeam/USDC does 30% APR
- Recommends farming the DEX’s as much as possible
- Saturnbeam ($SAT) yield aggregator is producing 3,500% APR with a FDMC of $11M
- Reminiscent of NYON play on Arbitrum without the scam
- Saturn seems like a strong opportunity to farm
- When do you start extracting liquidity? Look at real-time liquidity pools
Quick take on DYDX from David
- DYDX just recently started picking up as a result of increased liquidity which attracted perpetual’s traders and traders trying to avoid local regulations
- Attracting sophisticated traders that hedge on derivative contracts to capture the premium on the yield while protecting the downside risk on a token’s price
- As regulation increases, there is a clear reason why people will want to use DEXs such as DYDX to trade perpetuals
- Institutional money is flooding into DYDX as a “safer” way to get exposure into the market
- Spot DEXs like Uniswap are missing derivatives
- Now that these derivative contracts have liquidity, you can now do farming and other products
- Bullish on DYDX because it’s a place for Chinese traders to trade perpetuals without getting dinged on KYC and other local regulatory issues
- DYDX has heavy market makers as backers on their cap table
- Risk of upside being limited on the DYDX perpetuals as more people join, which could lead traders to go to other platforms
