We are in the depths of the BEAR…which on the surface feels like we're staring down the barrel
of a never ending blackhole of suffering…but that will abruptly end before you know it,
so right NOW is the time to discover the hidden gems, the crypto projects and narratives that
will emerge as the fuel for the next run. So are you ready to burn this mothefricker down?
Well you don’t really have a choice, because it’s time for Chico Crypto!!
If you’ve watched my channel since the last BULLRUN, you should know in the depths of the
bear…. I have a knack for identifying projects and technology narratives which will surge come
the next bullrun. Before decentralized exchanges were household crypto names…I
was shouting at the top of my lungs that Uniswap would be the DeFi to kick off the next bullrun.
Well now it’s time to try and do it again…
Sooo everyone should have noticed….a major theme of this “bear” market has
been scaling as the market wasn’t ready for the traffic of the last
bullrun. Getting dapps the technology they need to process thousands of transactions
per second has been a goal of some of the biggest thinkers in the space.
That is why the crypto project which can take scaling Ethereum
and its dapps to the next level…will surge in the next couple of years.
And that project is….the Eigen Layer.
So what is Eigen Layer and why is it special?? Well Eigen Layer is hyperscaling Ethereum dapps,
by letting them create their own “blockchains” which connect to the
Ethereum mainchain and leverage it’s security through a process called restaking This means
Eigen is a general-purpose marketplace for decentralized trust as it unbundles the
trust layer of Ethereum so components of the trust network can be reused for other
purposes. It’s the Polkadot or Cosmos structure of the Ethereum ecosystem…
Yes my friends….if you are an Ethereum staker, especially a solo node operator…you will be able
to earn boosted rewards for providing security services to oracle networks,
data availability layers, or dapps running on rollups or sidechains. The beauty of Eigen
is in that it can increase the security of the current ETH landscape too. Per example,
Polygon and their proof of stake sidechain….it can and most likely will integrate with Eigen,
increasing its decentralization and economic security..
So if you have 32 ETH and you’re not staking it…I would highly recommend getting an Avado,
which is a plug & play Ethereum staking device, I use one and I love it….as it
takes out the complex technical difficulties of staking Ethereum & when Eigen launches
you won’t have to wait to earn the boosted rewards & you will get 100 percent of those
rewards…which won’t happen if you use a centralized entity to stake your Eth.
Now, if you haven’t noticed solo Ethereum staking has been a key narrative in this bear
market…looking at Rocketpool’s Coingecko ranking just after the bubble popped,
in June of 2021, we can see it was ranked 232….well through this bear market,
Rocketpool has surged all the way up to rank #94…
Guess who is integrating with Rocketpool? Eigen is…Sreeram Kanaan, the founder has
tweeted multiple times about using rocketpool stakers to provide restaking services across
the Ethereum ecosystem. So if decentralized Ethereum staking with things like rocketpool is
a bear market narrative, I can only imagine what Eigen will do in the Bull when it is released…
Yes Eigen is tokenless for now…but now it’s time
to dive into another BIG project who has a token confirmed coming down the road….
And that is the IPOR protocol. The goal of IPOR is to bring transparency and stability
to the volatile DeFi credit market. They will establish a yield curve representing
average cost of borrowing in DeFi through 2 main parts. First a benchmark interest
rate for DeFi which is the index and then second, a suite of interest rate derivative
DEXes.Traders can hedge, arbitrage and take directional positions on the interest rate
movement allowing the management of risk across their credit portfolios.
There is not a single dollar locked up in this arena in crypto DeFi. Looking at the
value of interest rate derivatives in the traditional world of TradeFi, which sits at
450 trillion dollars…you can start to grasp why IPOR could make some BIG waves once unleashed.
That is why getting yourself in a position to receive a possible airdrop isn’t a bad idea. Now
IPOR labs has released a community activation program CAP and from their tweet on it they
say “The CAP enables you to get recognized for furthering the IPOR mission and receive rewards.”
So are those token rewards? Well Vlad Dramaliev, director of marketing at IPOR
tweeted this about the program. “IPOR is one of the 1st #DeFi projects to integrate a new
type of Web3 community engagement platform -Crew 3-It enables the gamification and autovalidation
of community activities and quantifies members' contributions, qualifying them for token rewards.
It's beautiful…and if you didn’t notice, Vlad bolded the world token…
I’ve included the IPOR thread on their CAP program down in the description which
goes through all the steps to get setup with Crew3 to receive their
future token airdrop.I’ve also included a link to their Crew3
The final 2 projects I want to cover also have a confirmed token and once
again is innovating the crypto and DeFi space.
That is GammaSwap, which is going to change LPing aka liquidity pooling,
forever!! Gammaswap is a platform for volatility trading and commission free token trading. Yes
Gammaswap is a DEX protocol, but with some major innovations. LP positions can be lent or borrowed,
thus those who provide liquidity, the LP’rs are compensated with fees from
those on the wrong side of the bet…the longers and shorters.
What this means is with token trading on the DEX, the commissions paid to the LP’rs isn’t being paid
by the traders and swappers….GammaSwap is the first commission free DEX.
And the beauty of GammSwap is it can be integrated with other DEX’s and
AMMs like Uniswap or Sushiswap. A Crypto Andrew on Twitter put out a great 1-pager
and said this about the protocol: “Can be applied to any AMM, automated market maker”
(Link #7 GammaSwap 1-pager tweet) So a token…this is confirmed right?
Yes sireee Bob!! The Gammaswap twitter actually replied to the one-pager from
Crypto Andrew and said “Thanks for putting this one pager and
thread together sir. The token will be $GS. Don't sue us Goldman Sachs!
Then just yesterday they tweeted this “Tokenomics coming soon,
we have plans to be way more than just a governance token!”
But regarding innovations with AMMs, we have to talk about TimeSwap. Timeswap is a lending and
borrowing exchange inspired by Uniswap. In Uniswap, you exchange tokens in the present
while Timeswap is lending and borrowing through time. Lending is exchanging tokens from present
to future while borrowing is exchanging tokens from future. Basically Timeswap allows anyone
to borrow or lend any ERC20 token for a fixed period, using any other ERC20 token as collateral.
Soooo token coming?? Well an airdrop tracking twitter account freeairdrop tweeted this regarding
a Timeswap airdrop “Timeswap has announced that early users will be duly awarded”...
Timeswap, just like GammaSwap has a Crew3, where you can perform tasks to earn points,
which as we can see they call them TIME points.
The Timeswap twitter, last Friday tweeted this about their Crew3 “Ah, i'm questinng! Check out
our crew3 quest, bag roles on Discord & take home amazee $TIME Points ✨You won't regret it, anon…
You won’t regret it….that is totally a hint they will be rewarding people who do the tasks.
Well my friends, I have a feeling these projects and protocols are going to be game changers.
No one is looking when we are in the depths of the bear, but this is when Chico Crypto shines
because we find those diamonds in the rough. Cheers I’ll see you next time!!