What is Real Yield? 10 Conceptual Projects of RealYield
Original author: encryption researcher Denis Balitskiy
Original compilation: 0x214, BlockBeats
Recently, the Arbitrum ecological DEX GMX has been gaining momentum. On September 5, the price of GMX Token broke through $56, an increase of more than 30% from its August low. At the end of August, according to Nansen data, the number of transactions on GMX once surpassed that of Uniswap, becoming the agreement with the largest number of transactions on the Arbitrum network within a week. GMX is one of the projects that generate "real yield" (RealYield), and this concept has aroused heated discussions in the market - RealYield has become the latest trend in DeFi.
Crypto researcher Denis Balitskiy lists 10 projects and value propositions that generate real benefits, BlockBeats The translation is as follows:
What is RealYield?
First of all, we need to clarify the definition of "RealYield".
In essence, RealYield means that the agreement is based on its actual income (usually denominated in ETH, USDC, etc.) Payments to users will remove the negative impact of inflation, price manipulation, and many other shady practices on currency value.
Moreover, in a bear market, the expression "real return" is also extremely powerful.
Give us a sneak peek.
Kujira
Kujira has been reborn from Terra's crash. Today, Kujira launches a Layer1 platform based on the Cosmos ecology, accompanied by a catchphrase "Grow-Up DeFi" that demonstrates its ambition.
Kujira team provides diversified services for users:
- Overcollateralized Stablecoin USK
- On-Chain Order Book DEX FIN
- Clearing Market ORCA
- Staking and Earning App BLUE
More protocols will be included in the Kujira ecosystem in the future.
Protocol income sources: Kujira network, withdrawal and transaction fees, ORCA clearing, etc.
Clearpool
Clearpool allows projects to borrow funds from a decentralized network of lenders without any collateral.
Clearpool realizes this function with the help of advanced risk management, and the "single loan" launched by it It is composed of Single-Borrower Pools and Tokenized credit system. But this is not the most attractive place.
Lenders also receive an additional incentive to pay in CPOOL.
In fact, you can directly pledge these CPOOLs and delegate the obtained voting rights to the oracle Machine Clearpool Oracles.
These oracles will not only track the dynamic performance of each pool, but also share with you Token award.
A.K.A. Real income.
Dopex
The trading platform utilizes pools of funds to allow users to buy or sell options in a capital efficient manner.
An option is a financial instrument that gives you the right to Betting or speculating on the rise and fall of prices.
The real power of Dopex is here:
Dopex has launched "Single Staking Option Vaults", these vaults allow users to lock Token within a specified period of time, And obtain the resulting passive income.
Dopex’s income sources also include: fund pool purchase, Token swap, transaction pool penalty (Volume Pool Penalty), etc.
BlockBeats Note: The transaction volume pool is designed to increase the transaction volume within the Dopex protocol, allowing users to Deposit funds before the Global Epoch and use the funds in the pool to buy options at a discounted price for arbitrage. At the end of each epoch, depositors can withdraw funds from the volume pool and pay a 1% penalty because they have not actually "used" the funds (non-usage of funds).
Therefore, this is also Real Yield.
Redacted
Many people will think that the interface of Redacted is not bad.
The dApp itself allows users to earn rewards and participate in voting on governance proposals.
In addition, there are two other noteworthy products.
- Hidden Hand (a trading market for governance incentivized "bribes" designed to improve user Governance participation)
-Pirex (to realize automatic compound interest and tokenization of future income/voting events)
In order to profit from Redacted's protocol income, users can lock their Token for about 16 weeks, and then enjoy Pirex, Hidden Hand and treasury income divided into.
GMX
GMX is a perpetual contract trading platform that supports mainstream cryptocurrency transactions and provides users with a leverage option of up to 30 times.
GMX adopts the "Double Token Model". GMX is its main utility and governance token. Users can pledge GMX to obtain 30% of the platform fee; GLP is the liquidity provider token, and GLP holders receive 70% of the platform fee.
CAP
Similar to GMX, CAP allows users to trade with 50 times leverage.
Users can deposit ETH or USDC in the pool and these funds will be paid out to Traders; and vice versa, if the trader loses money or is liquidated, the user will also receive part of the proceeds based on the pool share.
In addition, staking CAP can also obtain part of its agreement revenue.
Easy to understand. Next.
Umami
This protocol allows users to access vaults that generate risk-hedging returns.
This risk hedging is provided by GMX’s leveraged perpetual trading platform and Tracer’s derivatives The platform provides liquidity.
The income will be paid in the form of WETH, and UMAMI Token has a supply cap and zero emission policy (Zero Emission).
Ribbon Finance
Similar to the above, Ribbon Finance allows users to obtain income through the option library.
You can choose different strategies, such as Covered Call, Put-Selling, and Principle Protected.
It's just that the recent bearish sentiment in the market has caused both its TVL and return to decline.
Synthetix
Synthetix is a protocol that allows users to create and trade synthetic assets (which can be tied to anything, including real-world assets).
Synthetix has a staggering $314 million TVL.
Therefore, once you choose to pledge Token, it is almost a certainty to enjoy the share of the protocol revenue.
Beefy
Beefy is a yield optimizer that allows users to compound interest using a variety of investment strategies.
Beefy maximizes various LP rewards across multiple AMMs.
In addition, owning Token not only allows you to share the income of the agreement, but also obtain corresponding governance rights .
Original link
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
