Where there's a will, there's a way

Layer 2 M

Feb 05, 2023

Good Morning Saints,

Hope you’re having a wonderful weekend?

If you’re reading this, you’re always one of the chosen Saints and you’re special.

Now, let’s get to the topic of the day……..Grab a cup of coffee and let’s chill

Here’s our recipe for today:

The DeFI Saint Recap for the week
1. Phuture Finance
2. Davos Protocol
3. Layerzero Airdrop
4. Top 5 tools for On-chain Analyst
5. Vela Exchange Airdrop Strategy
6. Factor DAO
Updates on L2s and Protocols building on L2s
Alpha from other Chads

DeFI Saint week Recap

As we’re all filled with the bull market dopamine, it’s important to stick to your strategy, dyor and always take profit on your bags.

Now, back to what we have here today

The year of different narratives is here upon us, while we’re still on the liquid staking narratives, i’m keeping my eyes on Indexes

Market Indexes are simply a way of using data to track and measure the performance of a stock market or companies and their associated stock e.g S&P 500

Indexes in crypto might gain traction, also i’m keeping my eyes on Options

Here’s a deep dive thread on phuture Finance, in case you missed it

DeFI Saint 🦇🔊 @TheDeFISaint

Mass adoption is coming to crypto, but it’s only a matter of when Indexes are going to be huge and few players are already taking advantage of that. Want to know who I'm betting on, Find out 🧵

As Liquid staking Narrative is still brewing, different players are emerging, also I’m seeing a shift towards ethereum sidechain “polygon” which has been the best bet of 2023 with its upcoming launch of zkEVM and other several projects coming to it.

Here, Davos aims to provide over collateralized lending and borrowing services to staked Matic in which Stakers also earn yield while doing so.

If you missed my thread on Davos Protocol. I’ve got you covered

DeFI Saint 🦇🔊 @TheDeFISaint

Liquid Staking Narrative is brewing hot on Ethereum and now expanding to polygon. While you’ve missed this on Ethereum, don’t sleep on polygon Here’s how @Davos_Protocol is building an over-collateralized stable asset protocol which leverages on Liquid Staking:

The year of Five - Six Figure Airdrops might be around us, $ZRO which is the Native token of Layer Zero is Confirmed but no Confirmation of Airdrop yet.

Here’s a good way to prepare for Layer Zero Airdrop

DeFI Saint 🦇🔊 @TheDeFISaint

To position for Layer Zero Airdrop 🎯 Here's a good way to Start: • Use @StargateFinance bridge by Layer Zero • Use @Aptos_Network Native Bridge by Layer Zero • Use @PontemNetwork Liquid Swap bridge by Layer Zero N.B: Layer Zero token $ZRO is already announced 👀

Reading Blockchain Data has been the basics on being an On-chain Analyst, Here i compiled a list of Tools that will help you on this journey

DeFI Saint 🦇🔊 @TheDeFISaint

Reading Etherscan is the basics for being a Crypto Analyst. But most people sucks on this and think It's meant for experts. Here are the 5 free Tools that will help you interpret information on Etherscan easily:

GMX has a New Competitor “Vela Exchange”

Vel;a Exchange Beta is already launched and it’s still at closed beta for early participants, its public launch is already set to be launched on 9th Feb.

Here’s what you need to know about Vela’s product and how to be eligible for the Airdrop

DeFI Saint 🦇🔊 @TheDeFISaint

@vela_exchange Beta Launch is live 🎯 Airdrop already confirmed for Beta Testers Want to stay ahead? Here are things you should know and do that would make you eligible:

While we’ve seen huge traction on Arbitrum Ecosystem and protocols building on Arbitrum, Here’s a protocol that aims to be the asset management that binds them all

DeFI Saint 🦇🔊 @TheDeFISaint

Arbitrum Narrative is heating up and Smart money is flowing into the Ecosystem. If you Missed $GMX $GNS $VELA and $GRAIL Here’s another Gem launching on Arbitrum Soon which aims to be the asset management that binds them all:

Updates on L2s and Protocol building on L2s

Scroll ZKP is planning to launch its zkEVM on Goerli with a lot of improvement so far in which they’ve lowered the prover requirement memory from 870 GB to 275 GB.
More details below

Scroll 📜 @Scroll_ZKP

For nearly two years, we've been heads-down building a bytecode-compatible zkEVM in public. Today, we're increasing that transparency even further by introducing regular weekly updates. Here's what we were up to this week:

Synthr DeFI which is an Omnichain synthetics protocol integrates Layer Zero.
Synthr Testnet is still live and it’s already being built on Mainnet, Polygon, Aptos, Arbitrum.
More details below

SYNTHR♟ @synthr_defi

SYNTHR integrates @LayerZero_Labs 's trust-minimized valid cross-chain delivery system to become an omnichain infrastructure protocol, allowing for price exposure to non-native #blockchain assets & access to unchained liquidity, #Slippage -free for all. tinyurl.com/synthrl0

Dopex which is an options protocol on Arbitrum is now on Polygon
Options allows users to hedge their investment to mitigate risks and loss.
More details below

dopex (💎, 💎) @dopex_io

Dopex is going multi-chain, with @0xPolygon 🤝 Dopex now offers structured products #onPolygon starting with $Matic Straddles. We believe that our options suite will provide a new avenue for Polygon users to manage their portfolios. 📖Read more blog.dopex.io/articles/produ…

Kromatika DAO Gasless Swap is live on polygon and coming to other chains Soon.
The free gasless campaign is still ongoing and here is a step by step to use the gasless swap.

Connect wallet to https://app.kromatika.finance/swap
Switch to polygon network
Click on the setting icon and turn on Gasless
Swap tokens for free
More details below

Polygon DeFi @0xPolygonDeFi

A gasless transaction is a transaction that occurs on a blockchain network that does not require the native gas token like $ETH to pay for gas fees. Imagine not having to spend your network native token just to pay fees.😲🤯 Are "Gasless Swaps" the "new normal" ? 🧵👇

Lyra which is an options protocol is now live on Arbitrum, Also integrates GMX to use their perps to automatically hedge the delta exposure of Lyra’s MMVs (Market Maker Vault).
More details below