26 Tweets 1 reads Oct 30, 2022
So, you aren't exploring @arbitrum anon? Well, it is about time you became a bridgoooor and got over to this ecosystem...
Here is a rundown of the projects and opportunities over there right now...
I'll even throw some unreleased gems in the thread for you busy folk. Enjoy👇
The @arbitrum ecosystem is about to get a whole lot better in a number of ways. Protocols that are built/being built over there are going to be huge benefactors and so will you anon, the opportunities are endless...
@arbitrum @arbitrum TLDR: Arbitrum is an optimistic roll-up, L2 scaling solution built on top of Ethereum. Super quick, low latency, great fees (about to get even greater)... Largest L2 by TVL and activity.
Updates - @arbitrum #Nitro is set to go live on 31st Aug, 1 year after the Arbitrum mainnet went live. What is Nitro? TLDR: Increased throughput, even lower fees and an around better experience for devs and users... cheaper, better, faster...
@arbitrum @arbitrum Nova - will be its own chain built using AnyTrust on top of Arbitrum. This will be ultra-low cost and high throughput designed primarily for Gaming and Social Related Dapps. @Reddit has implemented community points already on #Nova... $MOONS
crypto.news
Odyssey resume wen? Odyssey was a highly gamified way for people to participate in tasks on the ecosystem and earn NFTs, the more tasks, the more NFTs you collect etc. People are speculating on this increases the likelihood of $ARBI airdrop... Cont...
This got so much traction that we actually saw arbitrum gas fees sneak above L1 for a brief moment lmao... the team decided to pause Odyssey until Nitro is live and throughput/fees can be more favourable for such activities...
So it appears that you degenerates are all for airdrop farming and participating on the network... so who will be the future blue chips of this ecosystem? Let's take a look at some you may have heard of and some you might not have...
@GMX_IO - this is an obvious one but is still incredibly undervalued IMO... Decentralised perps, on-chain, paying users in protocol revenue. $GMX $327m market cap ~85% staked earning 30% of rev share. $GLP earns 70% ~$330m liq
Check out our interview: youtu.be
@GMX_IO @dopex_io - On-chain options vaults. Incredible team, Always building cool shit (Atlantic options, SSOVs, Diamond Pepes, dpxUSD 👀), Incredibly strong community. $DPX $90m mc, $rDPX $43m mc both undervalued IMO. Big moves coming...
@GMX_IO @dopex_io @DAOJonesOptions - Confused by options strategies? Well, a lot are. Jones allows users to deposit assets into their vaults and they'll do the donkey work for you. Deposit collateral and get a jAsset which is interest-bearing and composable in other protocols. $JONES $5.7m mc 👀
@GMX_IO @dopex_io @DAOJonesOptions @PlutusDAO_io - think Convex but for @arbitrum eco governance tokens. They are amassing a shit tonne of $DPX and $JONES. 26k (52%!) of DPX has been converted to plsDPX, 9K JONES converted to plsJONES...$GLP plvGLP soon... What else will be locked?... $PLS $5.2m mc
@GMX_IO @dopex_io @DAOJonesOptions @PlutusDAO_io @arbitrum @vestafinance - Borrowing protocol, CDP stablecoin in $VST, deposit assets such as $ETH, $renBTC, $GMX, $DPX and borrow $VST against it. CDPs are very popular rn and I believe a native arbitrum stablecoin could have legs if liq increases. $VSTA is at $4.5m mc
@GMX_IO @dopex_io @DAOJonesOptions @PlutusDAO_io @arbitrum @vestafinance @SperaxUSD - Auto-yield generating, fully backed stablecoin project. Very interesting indeed. $USDs is the minted stablecoin, users collateral is then put to work in yield-generating starts on the arb ecosystem... $SPA $22m mc
@GMX_IO @dopex_io @DAOJonesOptions @PlutusDAO_io @arbitrum @vestafinance @SperaxUSD @Treasure_DAO - Lots of good stuff coming from the $MAGIC camp, Magic Swap using $MAGIC as the base pair, NFT Marketplace expansion etc. Solid community. $MAGIC $32m mc
If you are enjoying this please go subscribe to our newsletter - The Ape Enclosure, it is full of this kinda thing. It is free, we aren't some larps trying to charge you $3000 a year, there are no "premium sections either" blocmates.substack.com thank you!
@y2kfinance - I am speculating these guys will launch on Arbitrum... Pricing Risk in Exotic Pegged Assets. I think we will cover these guys in more detail as more info about #Earthquake is released but this is super interesting to me. Proposal to be incubated by @neworderDAO too.
@y2kfinance @neworderDAO @UmamiFinance - near-delta neutral vaults add an easy way for users to gain flat exposure and earn a yield on a variety of assets. They will be releasing some more scalable products very soon. $UMAMI $19m mc youtu.be
@y2kfinance @neworderDAO @UmamiFinance @GMOTrust - Speculating on $GYEN and $ZUSD landing on Arbitrum sometime soon. The first Japanese Yen, a fully collateralized stablecoin coming to the L2 space. Innovation is coming... If projects like this idea get in touch I will point you in the right direction. Big liq SOON
@y2kfinance @neworderDAO @UmamiFinance @GMOTrust @RDNTCapital - Cross-chain lending and borrowing but $RDNT launched on Arbitrum to trade. Uses @StargateFinance / @LayerZero_Labs tech to allow this... $2.7m mc, a rocky start but could have legs IMO.
NFT Infrastructure - @stratosnft leading NFT marketplace. Gud projeks - @GBlueberryClub Diamond Pepes from @dopex_io -@Treasure_DAO
Bridges - @SynapseProtocol Yield Aggregators - @beefyfinance as usual. Wallets MM. Charts @dexscreener Updates - @ArbitrumNewsDAO
Key figures - @SizeChad @EdFelten @BFreshHB @andrewsaunders
Upcoming spaces surround Nova, AnyTrust etc.
That is about it, probs missed a lot. I'd love to cover some more of these projects in more detail so if you like the idea get in touch! Thanks for reading and please remember to subscribe to the newsletter it would mean a lot! Thanks, XO blocmates.substack.com
Please like and retweet and all that shit I should say 🫡
Final mention... @handle_fi so this is one of our best-kept secrets which it won't be for long... using collateral to mint synthetic stablecoins to then trade with on leverage. Or open ETH longs etc. $FOREX $1.9m!! I know what is coming is all I can say

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