The easiest way to 100x earnings in a bull market: Top 5 interesting projects on Arbitrum

Experienced traders who have managed to survive more than one period of ups and downs know how to make money even in difficult times for most. For example, angel investor and Hype managing director James Ross Treacher shared on his Twitter a simple way to increase profits by 100 times during a bull marketA time when stock prices are rising and market sentiment is optimistic. To do this, he advises focusing on projects with low capitalization and enormous potential. 

He suggests turning the spotlight on such L2 projects using Arbitrum. It is an L2A protocol deployed on top of the main blockchain (Layer 1) and designed to increase its scalability. blockchain solution, It is intended to extend the functionality of Ethereum smart contracts, increasing their speed, scalability, and privacy. 

A recent update to Nitro, he said, gave Arbitrum increased throughput, enhanced call data compression, Ethereum L1 gas compatibility, more secure retries, and many other positive changes.

Next, Ross Treacher randomly named small-cap projects that interested him.

Note that this is only the author’s personal opinion, and it is not a 100% guarantee of earnings. The crypto market is quite unpredictable, you always act only at your own risk. So don’t ever forget about the main rules of trading and investing.

Five interesting projects on Arbitrum

Jones DAO

It is a yield, strategy, and liquidity protocol with one-click vaults that enable institutional-grade option strategies. Jones generates real yield through strategies deployed on the assets deposited in Jones Vaults, also from fees on TVLTotal Value Locked — represents the number of assets that are currently being staked in a specific protocol.. Jones has several vaults that cater to different risk profiles of traders; they are:

• ETH primary vault, risk-averse;
• gOHM primary vault, bull long vault;
• DPX primary vault, risk-averse;
• rDPX primary vault, risk-averse.

CAP Finance

CAP is a decentralized perpetual exchange that allows you to trade directly from your wallet with zero fees, and up to 50x leverage. Besides trading, you can also pool ETH or USDC to back profits.

Amazingly, CAP has maintained steady growth on multiple ends since May. Plus, they have solid fundamentals. pic.twitter.com/02r1YpFXJX

— James Ross (@JRossTreacher) October 19, 2022

Vesta Finance

This DeFi lending protocol enables users to obtain maximum liquidity against their collateral without paying interest. Users can lock up collateral, issue Vesta stablecoin VST to their ETH address, and later transfer those tokens to any other ETH address.

Vesta generates fee revenue from two primary operations: 

• redemptions;
• issuance of new VST (Vesta Stable Token).

 They have multiple vaults through which you can earn decent rewards.

Umami Finance

This is one of the earliest advocates of the real yield movement in DeFi. Umami creates yield vaults that generate sustainable APR on crypto blue chips like BTC, ETH, and USDC. The UMAMI token has a fixed supply of 1M, and it’s not an emissions token. Umami Vaults generates real yield by providing liquidity to the GMX perpetual exchange while equally hedging against market volatility.

Y2K Finance

The soon-to-be-launched project will enable users to hedge and speculate the risk of a given pegged asset or basket of pegged assets. They’re launching two products: Earthquake and Tsunami.

By the way, if you are just a beginner and don’t know where to start, it would probably be useful for you to learn more about crypto trading strategies.