There's a new cool kid in the DeFi school 😎 Name's @GammaSwapLabs and you might have noticed it on your timeline if you follow the right accounts They have an ongoing GammaSwap Summer incentive campaign (currently in phase 2) It basically provides top APYs thanks to esGS incentives (the escrowed version of their $GS token) But what I'm even more interested in is the latest primitive dropped on the platform: $gETH This synthetic version of $ETH is pretty unique It's inspired by Ethena's model of hedging spot assets What gETH does is to work on AMMs and impermanent loss though APY's decent enough if you're already holding ETH, +6% And I've read that they're going to have a $gSOL eventually as well 👀
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