The daily deposit cap on gETH was hit yesterday (200 ETH) and the deposit went seamlessly. In fact, the yield increased from ~35% to 48%. Amazing technology. 48% yield on essentially spot ETH exposure. Unreal @GammaSwapLabs
DeFi Devin
DeFi Devin1.8. klo 09.14
We just opened up the gETH yield token to the @GammaSwapLabs discord community and will be making the full announcement here on X soon. This is 38% yield on ETH. Real yield compounded back into your position. Your tokens are also fully composable and can be used to earn even more yield. DeFi black magic 🪄 1 ETH in a year will be 1.38 ETH. These returns aren't like stablecoins where you get paid 5-10% APY but who knows how much you are up in real terms given inflation. This is 38% yield on an asymmetric asset. If ETH does a 10x in a year, the dollar value of your 38% yield also increases 10x. Note: APY is averaged since the last deposit window and TVL updates every deposit queue (every 24h).
@GammaSwapLabs Settling at high 20%. Still very happy with this
8,68K