Momentum 6 Alpha Leak Research Call ft. David Kim - Sep 30 2021

Today's special guest is David Kim, Co-Founder of NAKJI NETWORK. Tune in for big alpha drops in the blockchain industry:

• $MOVR Ecosystem
• $DYDX
• and much more

Intern notes:

Moonriver has seen significant growth (150%) with strong farming opportunities

- Has all of the building blocks of an emerging ecosystem DEX, launchpad, yield aggregator, and lending protocol

- So far 2 strong DEX’s on Moonriver: Solar Beam and Moonswap

- Solarbeam/MOVR does 330% APR

- Solarbeam/USDC does 30% APR

- Recommends farming the DEX’s as much as possible

- Saturnbeam ($SAT) yield aggregator is producing 3,500% APR with a FDMC of $11M

- Reminiscent of NYON play on Arbitrum without the scam

- Saturn seems like a strong opportunity to farm

- When do you start extracting liquidity? Look at real-time liquidity pools

Quick take on DYDX from David

- DYDX just recently started picking up as a result of increased liquidity which attracted perpetual’s traders and traders trying to avoid local regulations

- Attracting sophisticated traders that hedge on derivative contracts to capture the premium on the yield while protecting the downside risk on a token’s price

- As regulation increases, there is a clear reason why people will want to use DEXs such as DYDX to trade perpetuals

- Institutional money is flooding into DYDX as a “safer” way to get exposure into the market

- Spot DEXs like Uniswap are missing derivatives

- Now that these derivative contracts have liquidity, you can now do farming and other products

- Bullish on DYDX because it’s a place for Chinese traders to trade perpetuals without getting dinged on KYC and other local regulatory issues

- DYDX has heavy market makers as backers on their cap table

- Risk of upside being limited on the DYDX perpetuals as more people join, which could lead traders to go to other platforms