@fraxfinance@0xpibblez 2/ $FRAX supply currently sits at only 20% of DAI's supply. With new developments, FRAX demand could surge 400% before breaking even with DAI.
The value and revenue from this growth, of course, would flow to FXS holders
@fraxfinance@0xpibblez 3/ $FXS holders are currently voting on a $20M revenue-fueled buyback.
With a new TWAMM and FraxSwap, Frax stands to earn even more revenue via a 0.3% trading fee on all swaps.
FraxSwap is a permissionless treasury management tool for DeFi projects to conduct monetary policy
@fraxfinance@0xpibblez 4/ Frax introduced plans for real world asset lending AMOs through its new Fraxlend product, which is set to launch within 7 days.
This will serve as a new, composable primitive that permits both under-collateralized and over-collateralized loans for individuals and protocols
@fraxfinance@0xpibblez 5/ Frax's @curvefinance base pool is up for vote. With Frax providing 1/2 of the 3pool liquidity, a FRAXBP could shake up the state of stableswaps on Curve.
Protocols will gain capital efficiency, and Frax will become a supply sink for CRV
Frax's CVX holdings have proven to be beneficial in the recent Frax/CRV voting rounds
@fraxfinance@0xpibblez@CurveFinance@ConvexFinance 7/ Despite the UST meltdown, FRAX's collateralization ratio still sits at ~90% and the peg proved resilient, even with recent liquidation events across DeFi.
All developments will translate to more revenues for Frax and more fuel to benefit FXS holders @fraxbull1
1/ Meta-aggregators are making the Solana swapping landscape more competitive, improving price execution for users.
Let's dive into this under-discussed sector 🧵
2/ Meta-aggregators like @Titan_Exchange route trades through third-party aggregators such as Jupiter, OKX, and DFlow, as well as off-chain sources like Pyth's Express Relay.
Titan has also developed a proprietary routing algorithm, Talos, registering over $35M in weekly volume.
3/ In April, @KaminoFinance released a meta-aggregator to complement its limit order product.
In recent weeks, OKX has won an increasing share of volume initiated through Kamino Swap.
1/ DATA UPDATE: We're excited to release Hyperliquid as the newest dashboard on @blockworksres.
Built by @0xSharples, the dashboard currently covers Hyperliquid's trading platform, spot trading, and futures trading on HyperCore, as well as a financials section that encompasses both the HyperCore and HyperEVM.
2/ Total revenue has been consistent on Hyperliquid. With the HyperEVM gaining traction recently, it provides HYPE token holders another source of revenue.
Currently, Hyperliquid is on pace to make $600 million in token holder revenue this year.
3/ Almost all of the revenue from Hyperliquid's trading platfrom is from Perps trading. Currently about 3% is derived from spot trading.
1/ Hyperliquid's HIP-3 proposal outlines its evolution towards a foundational liquidity infrastructure platform, enabling permissionless creation of Hypercore perpetual markets by third-party builders.
Learn more about its impact on revenue, builders, and Hyperliquid's vision:
2/ HIP-3 builds on:
HIP-1: Enabled permissionless spot market creation. Developers launched spot tokens on a HyperCore order book, winning "ticker rights" in 31-hour Dutch auctions (USDC bids, cumulative $20M revenue total to Assistance Fund).
HIP-2: Complemented HIP-1 by allowing deployers to bootstrap an automated market maker strategy (Hyperliquidity) for new spot tokens, providing embedded liquidity at issuance.
3/ HIP-3 extends the auction model to perpetual futures, allowing builders to permissionlessly create dedicated HyperCore order books for any asset with an oracle. Winning a 31-hour Dutch auction (bids in HYPE, creating a deflationary sink) grants a one-block window to deploy.
The deployer then defines contract specifications (quote/base asset), the oracle-updater, collateral token, margin tiers, funding frequency, and an optional extra fee up to 50%. For security, a 1M HYPE stake is required which can be slashed.