Thread by @MapleLeafCap

0 - The coverage on the DODOnomics is over-due. So here it is. The TVL is low (and intentionally so optimized for volume going through platform). As the marathon continues into multi-platform (BSC, DOT, etc) and multi-vertical, I continue to have high hopes for the $DODO team.

https://twitter.com/BreederDodo/status/1359441381345792005

1 – Staking DODO into vDODO = membership right (would imagine a secondary market would develop) similar to xSushi and BNB – earns fees + inflation, gets fee discounts, gets IDO allocations (could happen to xSushi / Miso too?), and votes.

2 – Here’s some additional neat token-economics - one is mint / stake via shared link gets referral rewards on inflation. Second is exiting vDODO into liquid DODO carries a 5-15% fee – and the more people stake vDoDo, the lower the exit fee…

3 - … whereby the exit fee is paid to all vDODO owners. This mechanism effectively creates meaningful incentive to lock up DODO within the vDODO membership pool and disincentivizes exits. Slightly concerned on liquidity, but curve can be set I guess.

4 – and also like my previous point, I’d expect a vDODO secondary market to emerge (similar to NXM/WNXM, continues to accrue value like veCRV). Whether it trades at a 5-15% discount or at a premium (given lack of timelock) is unclear.

5 – Future $DODO inflation would be directed to traders, pool creators (projects), and LP alike. I’d imagine a Onsen-like dashboard to be developed to account for such accounting. The dynamic rebalancing of inflation to hot trading pairs is interesting.

6 – Overall I’m pleased with the design that adds $SUSHI, $CRV, and $BNB features to the $DODO token. There are probably more tweaks & dashboard work needed to further iterate but the bones are there. Would also advise team to look at what UMA got re: KPI.

7 – The recent interview with @bear_radar in Chinese is actually pretty good (chainnews.com/articles/87801…), would recommend for those following the project. The team is 20-strong now working on v2 (and eventually v2.5 and v3)

8 – There are a few neat things covered – one being the project launch module (very similar to MISO / ICO), more routing / market making methods (new curves, going aggregator, etc). I’d imagine the team will eventually touch NFT and borrow / lend as well.

9 – The DEX / aggregator battle is heated no doubt ($UNI, $SUSHI, $1inch ahead, then there’s a long list of $ZRX, $BNT, now atomic.blue too lol). Continue to look forward to what cool new stuff $DODO can bring.

10. I’d imagine that aside from $DODO, @realmaskbook , @DeBankDeFi , @loopringorg , @insur_ace , @TheBoringDAO , there’d be a lot more valid attempts coming from the Chinese-speaking community in the coming 24-36 months as that geography catches up.