Gecko Ramblings 19-10-2022

A Different Kind of Sushi

Remember when we talked about NFTPerp last week? Well, there's another decentralized NFT perpetuals protocol in the making!

Sujiko Protocol will track perpetuals for major NFT collections, and allow users to trade with up to 10x leverage. Additionally, users will bea ble to earn fees by providing liquidity on the platform.

Currently, they are running the Sujiko Scholarship, where 8,888 users will be selected to mint their Sujiko Warriors, which grants early access and enables holders to earn platform fees.

To find out more, you can check out their tweet thread here.

What a Big Nut

Thetanuts recently released a new product called Degen Vaults which feature exotic options strategies. Specifically, these vaults employ the Call/Put Spread and Iron Condor Strategies which help to limit the downside risk as opposed to naked call or put options. You can read their docs here to for more information on these.

As of now, users are able to deposit USDC into a Flat Iron Condor, Bull Put Spread or Bear Call Spread ETH vault, with weekly yield reaching as high as 16%, or 229,527% on a projected APY.

What's the Best Farm of Them All?

With so many money markets and farms out there, it's hard to pinpoint the best way to get the most bang for your buck. Debt Farming helps to solve this problem by curating the best farming strategies out there.

Want to get the most out of your ETH? Deposit ETH on Compound, borrow USDC and deposit the same USDC into Ribbon. This is just one of many examples so do give their website a check to find what best suits you.