SamRebirth
SamRebirth 2 minutes reading from Bitcoin

Insane Moves Today on $BTC, Where Does the Bitcoin Price Go Now?

Insane moves today on BTC, there are only few that benefit from volatility GNS, GMX, YDF pulling millions in fees thanks to leverage products they offer. GNS is true ๐Ÿ’Ž /1

With 100, you get 100k leverage on forex EUR GBP USD 50x leverage on AAPL

150x on crypto all under one hood, slick UI

More fees means more revenue = more real revenue to GNS holders With Arbitrum launch right around the corner, you can expect some serious ๐Ÿ”ฅ๐ŸŒ™

120,000 GMX users will be able to experience GNS on arbitrum for the first time. Currently with 6600 users GNS made 13M in one year in real revenue

GMX is not too far with 70m in revenue but with 20x more users. Average leverage used on GNS at the moment is 250x, that generates some serious fees.

On the top of that, GNS has already 89 tradings pairs, GMX has only 4. If thatโ€™s not enough to get excited one more point

New vaults design will enable you to deposit USDC, DAI, BTC and ETH, where you can choose to earn interest on BTC in BTC, currently at 7%, thatโ€™s also real yield. With trading volume going 10x you should expect the interest to jump 10x however

Keep in mind, if more deposits in, interest will go down so it scales with total fees collected. I believe perp dexes have potential of replacing some cexes, space getting crowded, there will be few winners but also some losers

Please like and share if you like my post so I can become Gains Ambassador, I need more followers for that ๐ŸŒ™

This post is based on this twitter thread.

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