You want to crush the upcoming Arbitrum Seazon?
Bet on hidden gems π
A thread that you don't want to miss on how @goodentrylabs protects you from being liquidated, their 200K $ARB grant, V2, airdrop, public sale and TGE π
Bet on hidden gems π
A thread that you don't want to miss on how @goodentrylabs protects you from being liquidated, their 200K $ARB grant, V2, airdrop, public sale and TGE π
The recent ETF rumors pumped $BTC from $27k to $34k liquidating hundreds of millions of dollars.
For example, the cointelegraph intern resulted in $188M liquidated due to a 10% move.
But what if you were protected and not liquidated by price?
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For example, the cointelegraph intern resulted in $188M liquidated due to a 10% move.
But what if you were protected and not liquidated by price?
1/
If you had a leveraged position on Good Entry during this period, the price fluctuation would not have resulted in liquidation.
Protected Perps leverages Uni V3 concentrated pools, where LP Impermanent loss are turned into permanent gain for traders.
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Protected Perps leverages Uni V3 concentrated pools, where LP Impermanent loss are turned into permanent gain for traders.
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Traders can use up to 10x leverage without the risk of being liquidated by price or facing negative PnL if price goes against them.
(V2 will allow 1000x leverage π€«)
Price liquidations are a thing of the past and effectively demystifies options, making them more accessible!
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(V2 will allow 1000x leverage π€«)
Price liquidations are a thing of the past and effectively demystifies options, making them more accessible!
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Users still pay a funding fee based on the vault utilization, which is the only way they can be liquidated (by time but not price).
If you wish to go into more details, the big option brain @Slappjakke made a banger thread on it β¬οΈ
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If you wish to go into more details, the big option brain @Slappjakke made a banger thread on it β¬οΈ
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So Lou, what happened recently at Good Entry?
Well anon, we can definitely say that Good entry's team is relentless.
They have been working for over 9 months, using their own funds without any private raise or VC involvement.
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Well anon, we can definitely say that Good entry's team is relentless.
They have been working for over 9 months, using their own funds without any private raise or VC involvement.
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1β£ Audits
Good Entry is now audited by four reputable firms in the industry: @peckshield, protofire, @SlowMist_Team, and @code4rena.
The team has personally contributed $90k to compensate the latter auditors.
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Good Entry is now audited by four reputable firms in the industry: @peckshield, protofire, @SlowMist_Team, and @code4rena.
The team has personally contributed $90k to compensate the latter auditors.
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2β£ Arbitrum Grant allocation
Despite not being live yet, GE received 200k $ARB from the DAO with more than 173.6M total votes (ranked 17th highest voted "for" project).
The tokens will be distributed to EzVaults users, aiming to reach $10M TVL
snapshot.org
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Despite not being live yet, GE received 200k $ARB from the DAO with more than 173.6M total votes (ranked 17th highest voted "for" project).
The tokens will be distributed to EzVaults users, aiming to reach $10M TVL
snapshot.org
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3β£ V2 in development
During the audit period, Good Entry developed their V2, which will use in-protocol isolated vault options for the protected perps.
What does that mean for users?
Deeper liquidity (and OI), up to 1000x leverage on LONG TAIL assets.
8/
During the audit period, Good Entry developed their V2, which will use in-protocol isolated vault options for the protected perps.
What does that mean for users?
Deeper liquidity (and OI), up to 1000x leverage on LONG TAIL assets.
8/
For LPs?
Higher capital efficiency and utilization, providing higher fees and revenue.
LPs are already enjoying the token emissions from Good Entry, yielding an average of 88% APR, and will soon be boosted by the 200K $ARB grant (aiming a minimum of 8% additional APR)
9/
Higher capital efficiency and utilization, providing higher fees and revenue.
LPs are already enjoying the token emissions from Good Entry, yielding an average of 88% APR, and will soon be boosted by the 200K $ARB grant (aiming a minimum of 8% additional APR)
9/
Unused liquidity will be deployed in ecosystem partner projects such as @JonesDAO_io, @CamelotDEX and many more coming!
Bullish on higher composability layers in the ecosystem.
Here are some forecasts on the APRs:
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Bullish on higher composability layers in the ecosystem.
Here are some forecasts on the APRs:
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4β£ UI
Having an appealing UI/UX is crucial to make a difference, users can open a trade in a click thanks to the deposit mechanism
Oh, btw, you do not pay trading fees like other perp DEXs, but solely the famous 0.1% fee while depositing on the platform (withdrawal free)
11/
Having an appealing UI/UX is crucial to make a difference, users can open a trade in a click thanks to the deposit mechanism
Oh, btw, you do not pay trading fees like other perp DEXs, but solely the famous 0.1% fee while depositing on the platform (withdrawal free)
11/
5β£ Tokenomics, public sale and TGE
This section havenβt been entirely publicly announced yet but for the chads still reading youβll get some alphas π€«
π’ 100% of the fees will be redistributed to $esGOOD stakers,
π’ Public sale and TGE from Nov 27th to Dec 3rd
12/
This section havenβt been entirely publicly announced yet but for the chads still reading youβll get some alphas π€«
π’ 100% of the fees will be redistributed to $esGOOD stakers,
π’ Public sale and TGE from Nov 27th to Dec 3rd
12/
π’ Raising $1.5M at $10M FDV
π’ Tokens fully unlocked at TGE after the end of the sale
More will be shared in due time, but you can refer to this article for more details β¬οΈ
goodentrylabs.medium.com
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π’ Tokens fully unlocked at TGE after the end of the sale
More will be shared in due time, but you can refer to this article for more details β¬οΈ
goodentrylabs.medium.com
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If you want to accumulate $GOOD tokens before the sale, provide liquidity to the ezVaults (to get liquidity mining + $ARB incentives soon) and make trades on the platform for a potential airdrop π
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Iβm impressed by the work the team is putting in Good Entry, especially since itβs a completely community led project, running on team's funds.
Such drive is one of the reasons why I decided to collaborate with GE and help them getting visibility!
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Such drive is one of the reasons why I decided to collaborate with GE and help them getting visibility!
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To further strengthen the team, they recently onboarded @3pochLabs, the liquid fund from the chads @0xkhan_ and @_khanhamzah as part of the advisory team.
I highly recommend reading some of their posts to understand the level of big brain π§
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I highly recommend reading some of their posts to understand the level of big brain π§
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This kind of commitment is what we strive for in projects during bear markets.
Self-driven teams pushing for innovation!
The community is constantly supporting and using the project even during the tough market conditions, resulting in continuous growth!
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Self-driven teams pushing for innovation!
The community is constantly supporting and using the project even during the tough market conditions, resulting in continuous growth!
17/
Again, having a great product is great to succeed, but having a strong community is as crucial!
Communities are mainly created through financial incentives, if users make money, and in this case, stop getting liquidated, Good Entry will have a bright future.
One Team One Dream.
Communities are mainly created through financial incentives, if users make money, and in this case, stop getting liquidated, Good Entry will have a bright future.
One Team One Dream.
I hope you've found this thread on Good Entry insightful!
If you enjoyed this thread I would really appreciate if you could RT the tweet below and follow me, @louround_ !
Cheers! π₯
If you enjoyed this thread I would really appreciate if you could RT the tweet below and follow me, @louround_ !
Cheers! π₯
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