Okay to address some things here. Looking at both charts posted, I made 19% on my liquidity pool tokens with CAFE swap but the price went down 29% over the week. Simply put, I lost about 10% on that. But, assuming my APR which is generally tied to the supply increase is higher than the price that the token is falling, then you potentially could make a profit.
Projects based on last week’s results that I think have a promising potential:
Bakeryswap – I almost put more money into bakery in the past but I held back. The real eye catching numbers are the really small supply increase (2%) and the active telegram community. Bakery is blooming with NFTs which are huge right now. The big downside to bakery is definitely the interface which I think is holding it back but then again BAKE is #2 on marketcap on the list (x10 smaller than CAKE).
Goosedefi – Goose hits most of the checkboxes for me. Low marketcap overall at 50.5m, the #2 TVL on the list and more telegram engagements than PCS. The one downside to Goose is the 25% supply increase but overall the developers are extremely active.
Mochiswap – No one even comes close to MOCHI in terms of the past week’s price action. Mochi announced a huge project to sync a bunch of different blockchains which I think I have mixed feelings about but overall still a great small community that is very active and a tiny market cap product.
Ramenswap – Despite the high supply change, it manage to go positive on the list in price action. The community isn’t super active which is kind of a red flag but then again telegram engagements aren’t everything. Excited to see where this project lands.
Apeswap – I have been eyeing this project for a while now. They finally got onto BEEFY which is pretty cool and I do gotta say their community is super active. I am always surprised how much the developers do their social media engagements. While I don’t tend to buy meme tokens anymore, APESWAP is definitely bringing some utility to their memes by bringing in new customers to their DEX. I feel like this is a pretty safe bet going forward.
What dexs do you like? What do you think I should add onto the list? I think with this becoming a standalone post to follow DEXs, I should probably add more onto the list.