The “REAL” in crypto is about to go wild…not the meme coins, not hot garbage ntfs, but
the protocols and tokens that are advancing the world of Finance.
This is done through something the crypto markets have termed….DeFi, or Decentralized
Finance.
And I’ve been one of the most vocal and loyal supporters of DeFi throughout the years.
So are you ready to learn where the DeFi pump will be?
Well let’s get jacked like Arnold, because it’s time for Chico Crypto…
Yup I’ve been calling DeFi like it is…for THE longest time….I understood all the way
back in January of 2020, that Uniswap was going to change the trading game and spark
a massive bullrun….
I posted this video “Ethereum DeFi Tool to Spark Next BULL RUN!?
Uniswap!!”
where I said this….
Yup I was talking about Uniswap, right when it came out…and I mentioned to people, the
only way to invest in Uniswap, was by USING it.
As we know, later that year in 2020, September to be exact, those who USED the tokenless
protocol…were highly rewarded with the UNI airdrop, the first BIG crypto airdrop to hit
the scene…
As we know, Uniswap has become a critical building block of DeFi, Uniswap is considered
a DeFi 1.0 protocol and if you didn’t know….something interesting has been happening to this subset
of crypto tokens over the past month…
Checking out the Uniswap token price chart, we can see the price has been going wild.
June 11th, the price was basically at 4 dollars, but by June 25th, last weekend…the price
hit a whopping 5.45 cents, a 36 percent increase in less than a month.
These extremely bullish price movements…are not only tied to Uniswap…basically all of
DeFi 1.0 was following the same trajectory.
Synthetic in the same amount of time pumped from a low of 1.75 to 2.25 cents a 28 percent
increase.
Compound went from about 25 dollars, to 53 dollars a pump of 112 percent in less than
a month and finally DeFi 1.0 protocol AAVE, pumped from a low of 50 dollars to a peak
of about 75 dollars, a gain of 50 percent….
Obviously something special is going on….a narrative is picking up steam…and that narrative
is the REAL protocols in crypto, those changing the world of Finance are about to GO WILD
once the markets turn fully around…
Everyone should understand the BASIC money flow in crypto….money flows out of FIAT
of stablecoins into Bitcoin, Money then flows out of Bitcoin into large caps like Ethereum,
money then flows out of the large caps into mid and low caps, finally money flows out
of these large caps back into Bitcoin or it just skips bitcoin and goes back into fiat
or stablecoins….
This is just an overall view, a very basic view…the money flow of crypto is actually
more complex, and there are other flows that happen…and today I’m going to show you
the DeFi money flow….
First you start with Fiat or Stablecoins, and since DeFi is mostly built on Ethereum…money
will skip Bitcoin and flow directly into Ethereum…after this money flows into Ethereum and it pumps,
some of this money will flow out of Ethereum into DeFi 1.0 protocols…the major building
blocks of Ethereum like Uniswap, Synthetix, Compound & AAVE….
We just saw this take place ... .as we can see from the Ethereum Chart, Ethereum pumped
BIG time first on June 20th…after Ethereum pumped, money flowed into the DeFi 1.0 coins,
and they all had their pumps 4 days after on June 24th….
Sooooo what is going to be the next to PUMP after DeFi 1.0???
Well I’m sure some of you guessed it…DeFi 2.0…the big next generation DeFi protocols….and
for the rest of the video today…I’m going to talk about my favorite DeFi 2.0 coins….and
why I believe they will see bullish movements very soon…
So let us begin with the blue chip of DeFi 2.0 protocols, the one that, besides all odds,
has made its way from being a nobody to a top 100 crypto, even in the depths of a bear
market…
I’m talking about GM fucking X….
Now if you don’t know what GMX is, it’s a fully decentralized perpetual exchange that
is built on an Ethereum Layer 2, Arbitrum, and another chain Avalanche…so users enjoy
low fees, even in times market mania…
Users are able to go long or short, with up to 50x leverage…without trusting a centralized
source…and they offer this for 5 different assets…of course Ethereum, but also Bitcoin,
Uniswap, Chainlink, and on the Avalanche side of things….AVAX….
Now the beauty of GMX??
All those trading fees from the exchange go to the token holders of the protocol…as
we can see from their website, 30 percent of the fees go the GMX stakers, and 70 percent
of the fees go the liquidity providers of the protocol, the GLP stakers….
And this one chart ... .shows the power and popularity of GMX….this is a chart of average
daily earnings of derivative protocols since the beginning of the year, and as we can see
GMX is dominating everything in this sector with on average 18.5 million in fees for the
protocol, distributed to the token holders, each day….GMX is doing overt 100 percent
more than the next highest gains network, who is doing just 9.6 million…GMX is dominating
Gains, Hegic, Cap, GMX is even dominating DeFi 1.0 allstars like Synthetix and dydx…..who
are actually having negative fees…
Projects that prosper during the BEAR, are going to go absolutely wild during the BULL
and GMX fits that bill exactly….
Because during the BULL, GMX is about to unleash something special…they are going to be launching
GMX v2, which includes synthetics, which means any asset can be leveraged on the platform….
As we can see, last month the GMX twitter announced the launch of the public testnet
for v2…and diving into the testnet, we can see many more assets are being added to the
platform ... .including BNB, Doge, Solana….these are just the “test” assets…once it goes
live, literally any crypto token, or any stock, or any commodity can be traded on GMX….
Public testnet has been going on for over a month now…I would expect some time throughout
the rest of the year, the mainnet launch will happen…and expect amazing things to happen
to the protocol, a self reinforcing flywheel loop is about to take place.
More markets on GMX equals More trading volume.
More trading volume equals Higher fees.
Higher fees equals Higher APR for stakers.
Higher APR equals More stakers & LPs.
More LPs equals More traders and more traders equals more markets & even more trading volume…
Now if money flows out of DeFi 1.0 into DeFi 2.0….where do you think it goes after 2.0??
Well you guessed it right into 3.0….aka protocols built on top of bluechip 2.0 coins…
So what is going to be built on top of GMX 2.0 and its synthetics that I’m bullish
on??
Well, RVcrypto on twitter has a great thread that explains it all.
They tweeted earlier this month “The GMX ecosystem has been on fire lately, and the
fire is about to get hotter.
With the introduction of GMX v2 and $GM alongside the already profitable $GLP strategies, there
is a whole new yield farming protocol in town.
Introducing Archi Finance.
ARCHI is a composable leveraged yield farming protocol designed to enable users to use leverage
to boost their APYs.
Integrated with $GMX users are able to get 10x leverage and use it across GMX…
They continue “For those just looking for a nice safe APR in the form of providing liquidity
$ARCHI offers just this as a passive income & low-risk option.
But for those with a little degen in them, Archi offers leverage with high rewards but
requires active risk management.
Being integrated with GMX, archi finance optimizes their yield farming strategies to get the
most out of the GLP and the GMX ecosystem.
GMX recently announced GMX v2 otherwise known as GMX Synthetics, and lucky for us $ARCHI
already has a strategy based around this for Archi v2….big brain…
Yeah BIG brain….because leveraged yield farming is a new DeFi innovation, and Archi
is one of the 1st to do this…and checking out dexscreener, we can see it has a measly
2.8 million dollar marketcap, and the token is bouncing after the initial launch dump…
But what’s the value of Archi tokens?
Well as we can see from the Archi docs and under votelocked archi, vlarchi it says “Depositing
archi will result in a 1:1 distribution of vlarchi, and all of the platform earnings
will be distributed based on the proportion of Archi deposited.
100 percent of the platform fees go to Archi lockers aka stakers….badabing badaboom…Chico
does it again…and if you want to keep seeing me do it, make sure to subscribe to the channel,
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Cheers I’ll see you next time…