April Peapods thread

**ADD PHOTO (PEAS LADY?)** It's time for a @PeapodsFinance update thread, as some big impact stuff is about to go down. Note: I'm not on the team & I'm not paid. Just a bullish $PEAS investor (I bought more today!) + user of the protocol. Highlights: @base launch, @arbitrum grant, lending, more... 1/ -- Topics covered in this thread: - Functionality overview - Ecosystem expansion - New $PEAS utilities - Analytics and UI improvements 2/ -- First, what is Peapods Finance, and how does it work? Peapods developed a brilliant new DeFi primitive centered on volatility farming, that also facilitates real yield opportunities for single-asset holders (i.e. one doesn't have to provide LP to grow their position). 3/ -- **UPLOAD VIDEO** Watch this very helpful video for an overview. 4/ -- Anyone can permissionlessly set up a "pod" which features a volatile asset. Users "wrap" their token to the pod, resulting in a fully composable "pTKN" asset. The pTKN is paired with a second asset in a liquidity pool, as well. 5/ -- There is a small fee to wrap/unwrap (or to directly buy or sell the pTKN), which generates revenue for pod participants. Revenue is split between pTKN holders (who receive yield in the form of each pTKN being worth more TKN over time) and LPs (who get this plus $PEAS). 6/ -- Entries and exits from the pod do generate some revenue. But the steady state source of revenue comes from volatility farming. As prices move, arbitrage bots can profit by buying the TKN and paying pTKN wrap fee or vice versa. Most of the arb value is captured for the pod. 7/ -- The only certainty in crypto is volatility. @PeapodsFinance has created a way to sustainably farm that volatility, with real yield. $PEAS is a deflationary (rather than inflationary, as most crypto tokens!), representation of this process. https://x.com/0x7d54/status/1785354270809686399 8/ -- **UPLOAD BASEDAI FROG IMAGE** Pod LPs can do QUITE well. To illustrate, I seeded the $pBASED Pod (featuring @pepecoins’ #basedAI) with $100k LP two months ago. I’ve earned >7,000 $PEAS. Not bad, especially given that I consider $PEAS to be massively undervalued. 9/ -- And single-sided Pod participants can also make bank. Peapods presents a unique opportunity to earn real yield on a single-sided asset. Example from @palis on the $MOG POD: https://x.com/0xpalis/status/1765871192244617249 10/ -- Protocols can provide new utilities for their token to add value for holders, while earning real yield for their treasury. A great example of this is @EefiFinance with their highly-successful $EEFI pod: https://x.com/EefiFinance/status/1767605647061782668 11/ -- And then, since the pod token is fully composable it can be used further in an ecosystem, e.g. as a staking token for real yield revenue sharing (yield-on-yield!!). One of my favorite projects, @EmpyrealSDK, plans to do this with its $EMP pods: https://x.com/EmpyrealSDK/status/1755623439661174904 12/ -- Ok, great stuff, yes? YES. Super solid foundation with a new DeFi primitive, tons of win-win-win opportunities for users + other protocols, & $PEAS is steadily deflationary. https://x.com/PeapodsFinance/status/1783135315386876259 What's next? What's being built on this foundation? Reasons to be bullish? 13/ -- First, something that has already launched: A pod creator incentive program: https://medium.com/@peapodsfinance/earn-rewards-introducing-the-new-pods-referral-program-c1198a21b8c1 Incentivizes pod creation by either individual users or protocols, and just in time for some of the below developments… 14/ -- Ecosystem expansion: Peapods is already live on @Arbitrum (and with some good stuff incoming, discussed below) in addition to mainnet Ethereum. And it is in the process of launching on @base this week! And, then on @berachain when it goes live. 15/ -- **ADD PROTOCOL IS WORKING IMAGE** These expansions are all additive for @PeapodsFinance and $PEAS. Each new pod leads to increased protocol revenue and net buy pressure on $PEAS. And because the protocol is farming the crypto constant of volatility, it will just keep printing, with $PEAS supply reducing. 16/ -- I'm quite excited about a few things re: this week's @base launch. First, Pod LPs will be housed on @aerodromefi, which is flying high as the leading @base DEX. This also opens the possibility for efficient bribes for extra yield to LPs, which I expect to get good use. 17/ -- Second, there will be a new option for the paired asset for Pod LPs, $wBLT (a podded version, actually, for yet another layer of yield). https://x.com/PeapodsFinance/status/1785258739660153133 $wBLT is an autocompounding version of the liquidity token of @MorphexBMX $BMX. 18/ -- $BMX/ $wBLT has some of the best tokenomics that I've EVER come across. https://x.com/0x7d54/status/1729531796990386247 $wBLT is a great asset with phenomenal underlying yield, which will be an attractive option for pod creators and LP participants. 19/ -- I will be initializing several pods via my Pod-as-a-Service (PaaS the $PEAS) offering: https://x.com/0x7d54/status/1779974898506436726 PaaS on mainnet Ethereum was quite successful, lots of fun, and led me to discover some amazing protocols/ tokens/ communities (with big profits so far!): 20/ -- Others are also lined up to launch pods, for example @jkrdoc: https://x.com/jkrdoc/status/1783921153913790559 And again, all of this is fully additive for Peapods revenue and $PEAS deflation. 21/ -- **BERACHAIN IMAGE** Then, Peapods will launch on @berachain, perhaps even as a Day 0 launch partner. I don't know much about bera, but others are excited, so I'm happy for them/ Peapods. Again, it's all positively additive for Peapods, so the continually expanding ecosystem is great. 22/ -- Ok, now on protocol + $PEAS utility news. This has been a huge focus for the Peapods team in recent months; the fruits of their labor will soon be ready for harvest. On top of the extremely solid foundation (see above), these utility developments will be major catalysts. 23/ -- A major advance for the protocol (and its users!) will be the ability for users to seamlessly borrow against their pTKN positions to provide LP. This will bring yield compounding opportunities for users while greatly expanding protocol revenue. 24/ -- For info on this, search on "sugar snap" in this medium post: https://medium.com/@peapodsfinance/peapods-roadmap-growth-utility-incentives-408395ad2cc9 It's a huge development. The ability to borrow against $PEAS will also be coming, likely within the next month. 25/ -- $PEAS has also been added as an option for the paired asset in pod LPs, which is a great addition. https://x.com/PeapodsFinance/status/1783188902116807155 More ways to drive revenue from $PEAS, opens door to new types of pods (e.g. stablecoin pods, with $PEAS as the paired asset), etc. 26/ -- Huge news: Peapods was voted to receive a BIG (360k $ARB) @arbitrum grant. https://x.com/PeapodsFinance/status/1780648363387392319 $PEAS will vote for which pod LPs on Arbitrum should receive these incentives over a 12 week period. With a bribe market. More $PEAS revenue. More protocol revenue... 27/ -- Then, this model will continue from there (and expand cross-chain) to a system where $PEAS will be used to vote direct a proportion of protocol revenue (half will be burned, half will go into this system) to different pod LPs on an ongoing basis. https://medium.com/@peapodsfinance/enhancing-value-for-peas-holders-through-treasury-accrual-2d964bd8f009 28/ -- I'm particularly excited about this. I anticipate a modified ve-style system (vePEAS), which would then attract liquid locker protocols, which in turn help really activate both PEAS locking and TVL growth. 29/ -- Liquid locker protocols (e.g. @Penpiexyz_io and @Equilibriafi) were major sparks that really helped $PENDLE explode. But now, for Peapods, $PEAS is a DEFLATIONARY asset... so it will be a unique and potentially extremely powerful growth catalyst. 30/ -- Finally, a big partnership between @PeapodsFinance and @EmpyrealSDK (note: I'm an investor in $EMP too). https://medium.com/@peapodsfinance/peapods-partners-with-empyreal-85162d24aea1 Great data analytics + UX will be keys to users' ability to make the most of volatility farming-associated trading opportunities. Let's go! 31/end