链上代币化股票崛起：NVDA/USDG LP 年化 117%

Something that snuck up on me the last few months, is the reality we finally have tokenized stocks onchain.

It's early. Not enough liquidity. But it's real and growing!

@RobinhoodApp's Eth L2 is driving a lotta new interest.

For those of us not trading the most degenerate memecoin launchpad trenches, we commonly hold/trade major L1 tokens and related derivatives (ie WBTC, ETH, wstETH, weETH), and as a result, those are the tokens we would pair with other high volume tokens to earn as an LP.

Even if you hold a lotta alts, we can admit there are so many trash tokens we'd rather not hold vs how many popular stocks we would hold, if available onchain.

So what happens in the near future, when more tokenized stocks become tradable onchain?

Are we gonna hold some less interesting, old LP like say PEPE/USDC or [your bag]/USDT, a token you have less conviction for, but you sat in for months or years cuz it made sense at the time... or are you gonna move your money into an LP for one of the most traded stocks on the planet like SPCX/USDG now that it's onchain?

My argument is there's a lot of lazy liquidity stuck in flamed out tokens onchain, tokens we've either lost interest in, or have less conviction for. So the minute we can move out of that old LP we don't care about, into something more promising, less risky in a crypto winter, like NVDA/USDG, we're gonna make the move.

Today, NVDA/USDG only had $10.3M in 24hr trade volume on @Uniswap, but it was the #2 most traded pair, with concentrated LPs worth $1.2M in liquidity.

These NVDA/USDG LPs earned 117% APY 🤯

Think about it. What would you do if you're sitting in down-only, less interesting trading pairs, earning less in fees, down 80% in the bear market?

I think this is what could drive the new bull run for net new liquidity coming onchain.

You think you're bullish NVDA or SPCX? Why not earn degenerate fees as an LP or some other DeFi pool?

We've come full circle from trading fruit tokens to trading NVDA and SPCX onchain, but this time we've got a full DeFi stack and networks better equipped to handle the surging interest onchain.