Our DeFi gigabrain ancestors have long wanted to travel here. A place where the mechanics of AMMs are inverted and LPs can turn IL into impermanent gains. A place to call home.
Welcome to Galaxy Gamma, the future of DeFi. A thread regarding our Testnet launch โ live now!! ๐งต๐
GammaSwap, the first protocol enabling users to turn their impermanent loss (IL) into impermanent gain, is launching on
@arbitrum
Short thread on why ๐งต๐
Today, after 9 months of Alpha and Beta testing and years of research on Constant Function Market Makers (CFMMs), we are excited to announce that ๐ฎ๐๐๐๐๐บ๐๐๐ ๐๐ ๐๐๐๐ ๐๐
@arbitrum
๐ด๐๐๐๐๐๐! โจ
The
@GammaSwapLabs
Beta Testnet is going live 3/17/23!!! Redesigned, sleeker and much more intuitive ๐ซก๐ฅ
Get Rewarded For Being Early -- We have incredible prizes, competitions and partnerships coming your way Gamma Gang ๐ฝ๐ธ
If you were one of the 20k Testers who participated in our Alpha Testnet, you can mint a
@Galxe
OAT below ๐
Minting Is FREE - the gas is subsidized by
@GammaSwapLabs
๐
In a previous ๐งต, we discussed how to calculate impermanent loss in UniV2 style AMMs
In this ๐งต, we will show you how to calculate expected IL in Uniswap V2 & V3. Get ready for some heavy math ๐ค and code ๐จโ๐ป
Our Beta Testnet is finally open to the public on the Goerli Network!! ๐ฅณ๐
Now you can finally turn Impermanent Loss into Impermanent Gains ๐ชand trade perpetuals on any token - Oracle Free ๐ซก
We've included tokens for various pools: $ETH, $ARB, $JONES & $DPX
We will have a Twitter Space discussing the Future of DeFi with two upcoming protocols and two juggernauts in the space ๐ซก
๐๏ธSpeakers:
@OlympusDAO
X
@GMX_IO
X
@GammaSwapLabs
X
@sentimentxyz
โฐ Join us on Fri 1/13 at 9pm UTC
The Trojan Horse of DeFi (Part 2): LPs in
@Uniswap
are selling perpetual short straddles but arenโt compensated fairly for their risk. LPs are short IV but paid in volume. Volume != Volatility
A ๐งตon the
@Uniswap
options market, the issues and how
@GammaSwapLabs
fixes this
We have prepared a great feast for our LPs thanks to the MasterChef ๐ฃ... Weโre excited to announce
@SushiSwap
as one of our launch partners!
They will be incentivizing our larger pools on
@arbitrum
to drive more TVL to both Sushi & GammaSwap!
More details to come soon ๐ค๐ซก
We have received explosive interest with ~5k users in our first week ๐คฏ so we wanted to gift 1000 lucky testers with this POAP -- distributed randomly after completion of our Testnet ๐ฅณ
Future use cases may include NFT drops, merch, access to private events, etc ๐ซก
DeFi will be rebalanced to favor LPs again โ
Excited to announce that we have received a grant from the Balancer DAO to build support for weighted pools in GammaSwap and vaults to hedge IL
๐งตcoming soon on why you will want to long gamma on
@Balancer
weighted pools๐ซก
Proof of reserves can be faked. Smart contracts and on chain transactions cannot.
It's never been more obvious that the future of finance is decentralized.
We just proposed a token swap between
@GMX_IO
and
@GammaSwapLabs
to fund the building of new structured products and hedged IL vaults.
Join the discussion here:
GammaSwap wonโt just be a way to turn Impermanent Loss into Impermanent Gains.
Weโre going to build novel products that touch every major category in DeFi ๐ซก
The GammaSwap protocol is now live on
@base
! GammaSwap enables traders to get perpetual leverage on any token with a V2 style pool, no oracle required! ๐ซก
Even though you give up some of your yield, hedging risk will lead you to become a more profitable trader.
Leveraging a Delta Neutral LP position can magnify your returns substantially while minimizing risk as compared to a vanilla LP position.
A thread ๐งต๐
The $GS token is not live yet. If you see GammaSwap listed on any exchange, it is not us and you will likely lose the money you invested in the pool or token. PLEASE BE CAREFUL. ๐จ๐จ๐จ
LRT pools weETH/WBTC and weETH/USDC are now live on GammaSwap!
โจ ๐ณ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐ 65๐ โจ for
@ether_fi
&
@eigenlayer
GammaSwap is offering a 50x point boost for Liquidity Providers until 2:00PM UTC on April 14th to bootstrap liquidity ๐ซก
Introducing
@GammaSwapLabs
Tokenomics: Part 1
Building Sustainable Protocols: The Emissions Efficiency Ratio (EER) & Crypto Ouroboros
Today, we will be introducing a new framework to evaluate sustainability: the Emission Efficiency Ratio (EER)
As the bull market rears its
Unfortunately lessons are often learned the hard way. The overwhelming consensus now is that DeFi > CeFi - thanks FTX
DeFi however is still a fraction of CeFi, 41B
@DefiLlama
compared to 24T in the U.S. equities market alone.
Ok so how do we get there? A thread ๐งต
In less than half an hour, we received 32k GMX in upvotes ($1.6M in USD value) and 0.02 GMX in downvotes ($1 USD)
We're humbled by the incredible support from the
@GMX_IO
community ๐ซก๐ซก
Youโve likely heard of the term โimpermanent lossโ before but what does it mean, why is it significant and whatโs with the quotations? ๐
A ๐งตon everything you wanted to know regarding IL๐
The GMX <> GammaSwap Snapshot proposal vote has ended. It was one of the most decisive governance votes
@GMX_IO
has ever received!
98.64% voted in favor of the proposal ($74.8M USD value) and only 1.36% voted against the proposal! ๐ซก
Excited to build with
@GMX_IO
! ๐ซ๐ค๐ฝ
We've been heads down cooking something spicy ๐ถ๏ธ
@GMX_IO
esGMX +
@CurveFinance
gauges =
@GammaSwapLabs
esGS
A new paradigm marrying the best of the DeFi juggernauts. Fully omnichain using the
@LayerZero_Labs
OFT standard๐ซก๐ซก
Full breakdown here ๐
Our litepaper is officially here ๐
We dive into current gaps in AMM design, the GammaSwap protocol and how we are ensuring the security of the platform ๐
Hedging Market Risk in AMMs: Why itโs an important risk management strategy and a key component in achieving steady returns in crypto.
A thread ๐งต๐
โจ We just made our ๐๐๐ฃ๐๐ก ๐ข๐๐๐ค๐ง ๐๐ ๐ช๐ฅ๐๐๐ฉ๐ before launching on
@arbitrum
Mainnet โจ
๐ก๐ฒ๐ ๐ณ๐ฒ๐ฎ๐๐๐ฟ๐ฒ๐ ๐ซก
1๏ธโฃ Switch between pool tokens in trade table ๐
2๏ธโฃ See your time to liq ๐ง
3๏ธโฃ Add to your position size ๐
4๏ธโฃ Partially close your trade โ
Excited to announce we've added another team member to the gamma gang
@defi_after_dark
๐ซก
He was previously a front end engineer
@THORSwap
and has over 6 years of React experience! Luke will be developing the most intuitive and retail friendly gamma experience in this galaxy๐ฅ๐ฅ
A brief update on our traction! We've officially had over 20k testers on our Alpha Testnet (not incentivized)
We've announced partnerships with some of the largest protocols in DeFi -
@GMX_IO
,
@Balancer
and
@SushiSwap
with even more coming down the line ๐
The
@GammaSwapLabs
๐จAttention: Action Item for GammaSwap users ๐จ
As many of you know, GammaSwap is a novel oracle free volatility DEX that is completely unique, which opens up new trading strategies but also potential vulnerabilities by would-be attackers.
Our ImmuneFi bounty has been up for
Boop ๐ถ
GammaSwap, the first on chain perpetual options protocol, is now supporting BOOP/WETH on
@arbitrum
Earn points for trading & providing liquidity
Our community has been growing insanely fast -- we just reached 10k followers on Twitter and Discord ๐ฅณ๐
Bear ๐ป or Bull ๐ market aside, 2023 will be the year of the Gamma ๐ซก
๐ซ๐๐๐๐๐บ๐๐๐, ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐ซ๐ฌ๐ฟ, ๐๐ ๐๐๐๐ ๐๐๐ ๐๐ ๐๐
@arbitrum
- coinciding with the re-deployment of GammaSwap!
What are the benefits of a feeless DEX?
โจ Reduced spread for spot traders
โจ Tighter CEX<>DEX pricing
โจ Competitive with CeFi
As we approach Mainnet Launch, GammaSwap, the brand you know and love is getting a glow up! ๐โฌ๏ธ
New logo, typeface and vibe -- check out our refreshed landing page below!
UI V1.5 coming next ๐ซก
Today, weโd like to announce that GammaSwap is making a pivot from a DeFi protocol to a DeFi threadooor!
Stay on the lookout for our next ๐งตon the top 5 arbitrum gems๐ feel free to DM for promos๐ซก
Swap Fees Are For Losers: Introducing DeltaSwap, The First Feeless Spotย DEX
Today, we will be introducing DeltaSwap, a commission free decentralized exchange for spot token trading. This is our contribution to the โEnd Gameโ for DeFi. An escape from the most regressive tax in
As we approach re-deployment of the GammaSwap contracts, we have updated the docs to reflect our upcoming novel products โจ
-Section on DeltaSwap, the first feeless swap DEX ๐ค
-Guides for Staking ๐ฅฉ & Farming ๐ฉโ๐พ
- $GS Token Information & Distribution ๐
LFGamma!! ๐ซก
Youโve probably interacted with an AMM before but do you know how complex this zero to one DeFi innovation can be?
A ๐งตon the deceivingly (not so) simple mechanics behind CFMMs like Uniswap V2, PancakeSwap, etc. ๐
New pool announcement ๐
We're now supporting DOGINME/WETH on
@base
GammaSwap is the first perpetual options protocol filling in the missing perp gap for altcoins. We are enabling traders to hedge or speculate with leverage.
Earn points for trading & providing liquidity ๐ซก
๐๏ธGammaSwap X Olympus Partnership AMA
โฐJoin us in the
@OlympusDAO
discord tomorrow at 4pm EST
Weโll be answering questions about GammaSwap, the proposed partnership, and the upcoming launch!
More info here:
This Thursday we're holding a live stream with a leading DN strategist
@phtevenstrong
We will cover LP hedging in AMMs, volatility trading strategies and the future of GammaSwap ๐ซก๐ง
Excited to announce we've added
@bee_926
to the team! She has been involved in crypto since 2013 and was previously a contributor at
@iearnfinance
&
@dopex_io
She will help us manage our growing community and create content for users to understand the protocol!
๐ซก๐
Our YT channel is officially live! Look out for more content coming soon on how to use the GammaSwap Protocol ๐ซก
First video on the Alpha Testnet courtesy of
@bee_926
๐
Now that the cat's out of the bag regarding our integration with
@Balancer
...what's the first pair you want to long gamma (volatility) on? ๐ค
Remember it can be ANY pair -- we aren't reliant on an oracle ๐
We just proposed to move a small % of liquidity in the OHM/WETH
@Balancer
pool to
@GammaSwapLabs
.
Please comment with your support (or criticism) of the proposal here
@OlympusDAO
The GammaSwap LBP is now live!
The LBP will last from Friday, August 30th 1pm UTC - Monday, September 2nd 1pm UTC. The LBP is hosted on the
@arbitrum
network.
We're hiring a Senior Smart Contract Engineer!
2023 will be the year of the Gamma -- we have so many innovative products we want to build and we need a larger team to execute the vision
Apply below if you are interested in revolutionizing DeFi๐๐ซก
It's been less than a month and we have received over 15K unique testers in our Alpha Testnet ๐ฅณ๐ซก
Get ready to be blown away by our beta with a new intuitive and retail friendly UI ๐ฅ๐ฐ
Calculating Expected Returns from AMMs is difficult. Concentrated liquidity AMMs like UniV3 and Trader Joe are even more complex.
Another mega ๐งตย coming your way diving into the math behind the returns of LPs ๐
Another day, another partner for the GammaSwap x Rysk
@ryskfinance
Trading Competition ๐ซก
We're thrilled to have
@rage_trade
join as one of our competition partners!
We just added a bunch of new roles to our Discord!
๐ - Testoooor only available during Testnet
๐ง - Gigabrain Quants
๐ค - Researchoooor for those who enjoy new DeFi innovations
๐ฐ - Degens who like leverage
Join our Discord to add them now ๐ซก
We're thrilled to partner with the
@zellic_io
team for a thorough security review of our balancer integration!
Zellic has deep security expertise and is trusted by LayerZero, SushiSwap, the Solana Foundation, and many more.
More progress in the coming days!
Watch and listen as
@0xDevinG
explains how
@GammaSwapLabs
allows you to flip everything you know about impermanent loss (IL) on its head...
Introducing Impermanent Gain ๐
Bullish $GS
Full episode below ๐
Excited to announce our upcoming space with
@GMX_IO
and
@ryskfinance
discussing DeFi Derivatives, GMX V2 and much more!
โฐ Wen? Monday, June 12th, 2pm UTC
๐Where?
We are extremely excited to announce the Trading Competition with
@ryskfinance
has officially begun! ๐ซก
๐งต with more info on how to get started๐
โจ๐ฎ๐๐๐๐๐บ๐๐๐ ๐ ๐๐ ๐๐๐ ๐๐๐ - V1.33โจ
The team has been hard at work focused on redeployment of the GammaSwap core contracts, coming v soon. Meanwhile we've been making insane progress on the UI ๐
Sneak peak of our new swap interface and feeless swap AMM -
The GMX/USDC pool ๐ is now live on ๐ซ๐๐๐๐๐บ๐๐๐, ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐ซ๐ฌ๐ฟ ๐ค
Trade or deposit GMX ๐ซ to earn points in GammaSwap!
1/ Investors are navigating 2023 with our 44-page Year Ahead for DeFi report covering:
๐นPredictions
๐นThemes
๐นChallenges & Opportunities ๐
Here is the 13 tweet report breakdown, simplified with charts & data: ๐๐งต
We are excited to announce our collaboration with
@puffer_finance
๐ก
1% of the total $GS supply will go to pufETH holders, 20% as part of an airdrop and 80% as part of liquidity mining post TGE
๐ฝ + ๐ก = ๐ช
1/4
We are now supporting weETH pools with
@pendle_fi
PT tokens
1๏ธโฃ weETH / PT-ezETH
2๏ธโฃ weETH / PT-rsETH
3๏ธโฃ weETH / PT-weETH
Earn EtherFi points, Eigen points, Gamma points, a fixed yield of 61-68% from Pendle and additional fees from LRT farmers in GammaSwap with minimal IL
After launching two days ago, we've had 1.5k+ users on Testnet and received amazing product feedback from our community.
We're growing fast and looking for a React UI Engineer to help us design an intuitive and beautiful gamma experience. Apply below ๐
The Trojan Horse of DeFi (Part 3): LPs are short volatility but paid in volume. When measuring historical LP performance, itโs not pretty. Most LP pools are negative EV to provide liquidity into.
Another big thread incoming ๐งต๐