1/ PERP protocols are the current narratives in #DeFiI've been through few of them already in this thread and trying to sort them by few financial ratio such as Volume/TVL or FDV/Volume.So here is an update of my previous thread by talking about #snxperps @synthetix_io👇
2/ If you wanna read my previous thread, here it is:
Aug-22 - Perp Protocol Overview
3/ @synthetix_io provides a layer of liquidity for any protocol, and #DeFi protocol @kwenta_io allows leverage trading on Perp contracts.#snxperpsMore information about @kwenta_io in this video:
4/ I've updated my comparison table with @kwenta_io, that includes @GMX_IO ,@GainsNetwork_io and others.Table below includes estimated token price (from public fund raise) of $KWENTA since token is planned to be launched by 01-Nov-22, and there is no market price yet
5/ So based on this information (of course none of it is financial advice), @kwenta_io is sitting at:- 2nd place after #GMX on FDV/TVL ratio- Next to last on Vol/TVL ratio & FDV/VolumeSo i guess you'll tell me, so what's the point of talking about a low ranked project?
6/ Because in October-22, @kwenta_io will release Cross Margin Wallet, and @synthetix_io Perp V2 allowing more collaterals than $SNX only.That will certainly drive a lot of volume on #Optimism and provide additional revenues for $SNX & $KWENTA stakers.
7/ For more information about current PERP volume through @synthetix_io, i can only advise to have a look at this link:
https://twitter.com/SNXified/status/1578363168300359681?s=20&t=F4mCfA3uN9t6M7z-Dn5TIQ
8/And stick to @kwenta_io twitter account for more announcments of Cross Margin Wallet, Token Launch, and more information about #snxperps