Research Summary
The report discusses the potential of $VKA, the leading liquidity hub for Perp DEXes. It highlights the factors that make $VKA an attractive investment, including its partnerships, the success of its partners, and its token metrics. The report also mentions the potential benefits of the Arbitrum season and the Round 4 rewards for early participants.
Key Takeaways
Arbitrum Season
- Aftereffects of ARB STIP: The report suggests that the aftereffects of ARB STIP will drive the next run for Arbitrum protocols that are recipients or indirectly benefiting from the $ARB incentives. $VKA, despite not receiving the ARB grant, is expected to benefit due to its integration with partners like $GMX, $VELA, $HMX, $LVL.
Partners’ Success
- Benefits from Partners’ Growth: Vaultka could see potential benefits when its partners implement updates and grow their Total Value Locked (TVL). For instance, the anticipated GMX v2 upgrade, integrated with Chainlink Data Streams, is expected to improve performance, security, and mitigate frontrunning, benefiting Vaultka.
Round 4: Last Call Cheers
- Real Yield and Extra Incentives: Vaultka’s Round 4 last cheers call is live, offering real yield and extra $esVKA incentives for early participants. The bonuses include 10x leverage, a boost of up to 2.5x of $esVKA emission for LP when staking $VKA, and 30% APY on $VKA.
$VKA Token Metrics
- Attractive Metrics: The report highlights several metrics that make $VKA price attractive, including a low MC:TVL ratio of 0.08, low sell pressure with no large token unlocks for the next three months, and a deflationary nature with 30% of revenue dedicated to $VKA buyback and burns.
Token Utilities
- Multiple Utilities: $VKA tokens offer multiple utilities, including reward boosts, voting gauges, and leaderboard multipliers. $VKA stakers can receive a maximum of 2.5x boosted emissions for every deposited vault and can vote for the distribution of emissions across vaults on a weekly basis.
Actionable Insights
- Investigate the Potential of $VKA: Given the attractive token metrics and the potential benefits from the Arbitrum season and partners’ success, it may be worth investigating the potential of $VKA.
- Consider the Benefits of Early Participation: The Round 4 rewards offer real yield and extra incentives for early participants, which could be an attractive opportunity.
- Monitor Partners’ Success: The success of Vaultka’s partners, such as the anticipated GMX v2 upgrade, could indirectly benefit Vaultka, making it important to monitor these developments.
