33-Cents & Rising: Millions Flock to DeFi Liquidity Manager Gamma
• Gamma is a semiautomated liquidity manager that allows users to provide liquidity in six different blockchains.
• The protocol’s native token, GAMMA, has risen to 33 cents from a low of 7 cents this year and offers staking yields of 7.04%.
• Interest in Gamma has grown significantly since the start of 2021 with total value locked, market cap and fully diluted valuation all increasing as the DeFi sector grows.
Gamma Protocol Overview
The decentralized-finance (DeFi) protocol Gamma is a semiautomated liquidity manager that enables users to provide liquidity at the most lucrative pools across six different blockchains. It also features staking of its native token, GAMMA, which produces variable yields up to 7.04%. Since early 2021, interest in Gamma has grown exponentially with total value locked, market cap and fully diluted valuation all increasing as the DeFi sector continues to grow.
GAMMA Token Performance
The protocol’s native token has seen significant growth this year with its price rising from a low of 7 cents to 33 cents at present. This increase in price has been accompanied by an increase in trading volume and market depth – CoinGecko currently lists GAMMA’s market cap at $19.3 million with 2% market depth totaling $38,209.
Products Offered By Gamma
Gamma offers two products; one targeted towards individuals and institutions who are looking for passive yield opportunities whilst the other is aimed towards Web3 companies and decentralized autonomous organizations (DAOs) offering consultancy services and back-tested strategies for treasuries.
Growth Of DeFi Sector
As the DeFi sector continues to expand over 2021 so too does investment into protocols such as Gamma which offer attractive yields for their investors. As a result it appears that investors are increasingly taking advantage of these opportunities with Defillama data showing that Gamma is one of the fastest growing yield products this year with total value locked almost doubling over the past month alone.
Overall it seems that investors have been drawn to protocols such as Gamma due to their attractive returns on investments when compared to traditional finance instruments or other DeFi protocols such as Compound or Aave which offer lower APY rates on their tokens/coins respectively