SMILEE'S MARCH TO
@BERACHAIN
BEGINS
- Unveiling the Proof of Liquidity supercharger
- Exclusive Artio access for partners
- Points, & more!
We're finally breaking our silence on what Smilee means to PoL 🧵
Introducing Smilooor Social Credit!
If nothing else, Smilee is its community, and now you can earn points simply for being based
👉 It's all going down in the Discord 👈
ALPHA LEAK: this will contribute to something much larger in a month... 🧵
BREAKING:
Mainnet just got that much closer, and WAAAY meatier...
💰 After months of collaboration, Smilee has received a bespoke grant from
@Arbitrum
Foundation to offer ██████!
We're grateful for their special show of support and shared vision of volatility products
TRADING COMP ONBOARDING GUIDE
Wen
Friday, November 24, 9am UTC
Sign up (takes 15 sec)
- Sign up individually, AND join/create a team if you'd like
-If you fail to sign your team up before 8am UTC on Friday, new team entries will be admitted on Monday
Introducing the First Modular Automated Liquidity Management Vaults with IL Protection, Leveraged Sh*itcoins, & More with
@KodiakFi
!
The march to
@berachain
continues with one of the most divine creations yet, benefitting protocols & beras alike 🧵👇
📣 INTRODUCING SMILEE TRADING COMPETITION
- Reward pool: $80,000
- Win up to: $18,200
- Wen: March 1st
- Testnet/doesn’t require real funds
More details:
OR 🧵👇
Our community & partners will get exclusive access to Smilee on Artio (soon) to farm points/get ahead of the crowd:
- Certified Chad in our Discord
-
@berachain
-
@Beranames
-
@0xhoneyjar
-
@ramen_finance
Get your access pass on Galxe at:
4 DAYS UNTIL ROUND 2 OF TRADING COMPETITION
🍝 $100,000 rewards pool
🍝 Win up to $18,500
🍝 Top 500 traders eligible for rewards
🍝 Doesn't require real funds (testnet)
How it works, how to get
#WL
, & more 🧵👇
The March of the Brotocols is on.
Beras are happy creatures. And they're even happier when they can hedge their BEX positions with
@SmileeFinance
's Impermanent Gain solutions.
Coming soon to a tastenet near you.
FRIDAY, MARCH 15 @ 8 am UTC
After 2+ years in the making, the Impermanent Gain era is about to commence on
@arbitrum
😊 Wtf is Smilee
🫧 Available trading pairs
💦 Liquidity
& more!
🧵
TESTNET TRADING COMPETITION 🤌
- $26k Rewards Pool
- Genesis Pool Access
- And more!
We're running it back turbo a final time before mainnet launch on
@arbitrum
come November
Come trade, no real funds are required 👇
Yoo Beras! New
@berachain
testnet task! 🐻⛓️
Mint your
@SmileeFinance
access pass for Berchain Artio Testnet!
✔️ Hold $BERA Ecosystem NFT
✔️ Log into Galaxe
✔️ Complete Tasks
✔️ Mint Access Pass!
Follow our quick (4min) tutorial by
@L1am_Crypto
!
(1/9) Imajin Tinder, but for options...
This is Part 2 of unveiling Smilee v1.69 which—believe it or not—is inspired by Tinder 🔥
The first look at Smilee v1.69 🧵👇
Supposed to have a shot if you post pasta dishes you make in the food critic channel. But iv been eating pasta for two weeks straight and my name is still blue. Im smiling tho (the mid buttons on my shirt- not so much).
4/ HOW WL? Again, only 420 WL spots available for Round 1
- Already in our Discord? you’re early
- Not in our Discord yet? keep an eye on Twitter (turn on tweet notifications to avoid being a missooor)
😃 50 chads to RT pinned post get Discord access 😃
There's A LOT of alpha redacted from this thread, you can find the full story at:
To mint a Smilee Artio access pass to start farming points ahead of the crowd, complete the galxe quest at:
DEXs attracted tens of billions of dollars in liquidity, but Liquidity Providers are plagued by a now infamous risk:
IMPERMANENT LOSS
But what if traders could short Impermanent Loss?
Introducing Smilee 🧵👇
1/ 📣 We published an academic paper on Calculating the greeks of an LP and introducing Impermanent Gain
This is an open invitation for giga-brains to audit & poke holes
Tag anyone you think is up for the challenge below 👇
Berachain’s Proof of Liquidity consensus (PoL) introduces a harmonious relationship between on-chain liquidity & security — creating an ecosystem that systematically scales liquidity
TRADING COMPETITION ROUND 2
The final round to settle winners of the $100k prize pool
🍝 Wen Round 2
🍝 Another
#Airdrop
for Round 1 chads
🍝 Product upgrades, and more
🧵👇
🚨 PARTNER REVEAL 🚨
@CamelotDEX
joins the long table for our Trading Competition bringing $GRAIL along with them to be included as a trading pair
Be on the lookout for
#WL
in their community 👀
PARTNER REVEAL 📣
@traderjoe_xyz
will be joining our Trading Competition and their token $JOE will be listed
Be on the lookout for WL in their community 👀
$GRAIL went on a speed run up 289% after its recent release by
@CamelotDEX
But what does that mean for LPs?
IL: -47.27%
But what if you were hedged with Impermanent Gain?
IG: +🟦,🟦🟦🟦%
🧵👇
$1.4M & counting in a matter of hours!
If you signed up for Smilee Genesis Pools, you’ve received the access pass NFT in the wallet you provided.
You can now deposit in one of the four Earn vaults; the deposited liquidity will be deployed during the next roll epoch (next
AUDIT REPORT FROM
@trust__90
!
2,975 lines of novel code and the most qualified Security Firm to take on both its smart contract & financial engineering complexities.
We're proud to share it with you... 🧵
So how does this play out?
Probabilistically: TVL numba more likely to go up
But to further specify where the value accumulates on-chain, we can look at Ethereum to help create a baseline of expectations...
As seen on DeFiLlama, capital has primarily concentrated across Liquid Staking (a lot of which chases additional yield in DeFi), Money Markets, Dexes, and Yield Services/Automation
This is absolutely amazing you guys; I've never seen anything like it before. We might have something special here. Never once in my life did I ever think I would experience a -76% trade, but here we are. Normally I would close at -10% and feel a little pain, but thanks to the
Smilee = Smile irrespective of market price action 📈🙃
That sums up the
@SmileeFinance
approach to building an entirely new DeFi primitive in decentralized volatility products.
We've covered...
➡️ Impermanent loss & impermanent gain
➡️ The synthetic concentrated liquidity
SMILEE VS. UNISWAP LP RETURNS
Our quants cooked a juicy research report comparing selling vol on Smilee vs. LPing on Uniswap, and the results are striking...
Vol sellers rejoice—see for yourself 👇
FRIDAY, NOVEMBER 24TH 🤜 🤛
Smilee's Vol casino is about to open its doors to a 1-month Testnet Trading Competition before we launch on
@arbitrum
mainnet
Everything you need to know 🧵
Week one of the volatility kitchen is officially in the books with nearly $2M in TVL despite caps!
We're looking forward to blowing the lid off and seeing where this goes 🫡
IF Smilee was live dis week (devs pls do sumting), the Vol gods would've provided...
For example, the +49% move in $DYDX would translate to:
🐂 Bull Impermanent Gain: +4,599%
😊 Smile Impermanent Gain: +2,274%
Inshallah
All capital, even if Delta-neutral, is exposed to short Gamma (IL) meaning it’s at risk of losing yield EV potential, or worse, suffering net losses from Impermanent Loss
In fact, on-chain analysis done by
@0xShittrader
&
@thiccyth0t
discovered that the Uniswap v3 ETH/USDC pool alone had generated ~$100m in cumulative losses for LPs at the time it was conducted over a year ago
SIZE MATTERS 🍆
Smilee Concentrated Liquidity Market Maker is delivering it with 3-26x more yield & capacity to mint Impermanent Gain options
Part 3 of Smilee v1.69—the final unveiling 🧵👇
HENLO IMPERMANENT GAIN
Smilee created a worlds-first derivative called Impermanent Gain
It turns Impermanent Loss from a bug to a feature for both buyers (traders) and sellers (LPs)
Imajin $ARBI Impermanent Gain vaults during the
#airdrop
claim frenzy
Bullish or bearish, airdrops tend to result in mass volatility (IG is delta neutral)
But how could we integrate $ARBI so fast? Our synthetic engine enables us to be incredibly snappy
Our partners
@traderjoe_xyz
have been cookin and $JOE PA in recent months proves that 📈
In the last few weeks, $JOE pumped +38% then retraced -23%
What would that mean for LPs?
+17.86% OR -11.87%
And Impermanent Gain?
+🟦🟦🟦% OR +🟦🟦🟦%
🧵👇
For the first time in 2 years, Smilee codebase is officially frozen for
@sherlockdefi
public audit
Huge shoutout to our dev team, building novel primitives isn't easy
$XMON dumped -89.84% in a matter of minutes following the end of the
@sudoswap
lock drop 👀
Many traders anticipated this event, but what if you could've traded it with Impermanent Gain?
+🟦,🟦🟦🟦%
🧵👇
The team is back back from ETH Denver and feeling more bullish than ever!
Partners, frens, new & old, it was an absolute pleasure—especially to the chads who came through Casa Smilee 🫡
Lastly, we're proud to accept our award for best sticker of the conference:
Final announcement for the Smilee v1.69 series incoooming next week, and it's a big one... 🤌
We've been quietly preparing the last couple of weeks—stay thooned
Catch Parts 1 & 2 of the series below
Congrats on the launch, we look forward to helping keep Proof of Liquidity Impermanent Loss free, allowing you to stack $BGT without getting rekt by vol on what's sure to be a run that will rip faces
Whether you're a giga trader or an over-leveraged degenerate, everyone who makes WL will walk away with some $SMILEE at private valuation
Basically an
#airdrop
if you don't climb the ranks
Join us as we go live with
@y2kfinance
,
@neworderDAO
and
@LexerMarkets
to discuss stablecoins,
#DeFi
options and market volatility.
🗓 Tuesday, February 7th
🕒 14:00 UTC
🌐 Twitter Spaces
Tune in below👇
We continue to pump divine ooga booga delights out the volatility kitchen, this time with
@beraborrow
🤌
$NECT depeg insurance, IL protection, & more...
Stay thooned
Announcing Smilee Earn Bootstrap Campaign!
You get: Smilee's juicy yield + $ARB + Points
Traders get: More liquidity to trade Impermanent Gain
This program will give you early exposure to our groundbreaking ██████ system we've been quietly developing for months 🤫
🧵👇
You mght see how the picture is starting to form in relation to PoL but to really make the beras roar, let’s break down the PoL fueled Berachain spot market equation:
We created a worlds-first derivative. For users, that means:
👉 The most composable anecdote to Impermanent Loss plaguing $10’s of billions of capital at risk with no means to offset it.
👉 A novel exponential Options payoff for leverage-seeking traders.
👉 A real yield for
1 DAY TILL TESTNET TRADING COMPETITON
Still some
#WL
spots for grabs
Top 500 participant gets some $SMILEE, consider it a smol
#airdrop
unless you nuke your portfolio to 0