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alexander Profile picture
@wagmiAlexander
Oct 2 • 1 tweets • 1 min read • Read on X
Aerodrome is already the highest revenue generating DEX in DeFi, generating over $400M in ~2 years.

Its Binanace Alpha alternative — Community Launch — generated ~20M in revenue in a single week.

And a lot more launches are coming soon. 🛫

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More from @wagmiAlexander

alexander Profile picture
May 5
Okay its story-time: the first thing I do at FarCon in NYC is attend the @clankeronbase event in SoHo.

It is crowded, so I decide to bounce early. Walk to the elevator and it is full, wait for the next one.

When it opens I see him: the dude who nearly ruined my life.
For anyone not in the know, @gabagooldoteth was a prolific industry figure who cultivated a reputation as a good guy.

He was seen as an exposer of wrong doers, the founder @InfoTokenDAO, and much more.

His reputation alone was worth multiple millions.

I was a few months into DeFi when he DMed me on X and asked me to come to help out with veDAO, Velodrome's predecessor.

This guy had a sterling reputation and gave me my big break.

Like many, I was willing to look past the things that often felt off.

Read 8 tweets
alexander Profile picture
Feb 17
As the hype around UniV4 + Unichain subsides—and reality settles in—it's time to focus on the real disruption coming to the AMM space:

Slipstream V2—the ultimate fusion of technology and economics. Image
Slipstream V1 was a major leap over UniV3:
• More Concentrated: Rewards flow only to the active tick
• More Consistent: Predictable and steady rewards
• More Flexible: Custom tickspacing and fee mapping

Creating more durable + productive liquidity.

paragraph.xyz/@velodrome/sli…
Beyond its underlying tech, Slipstream leveraged MetaDEX economic design to fix a core Uni flaw—its reward cap.

UniV3's LP rewards are limited to fees generated, leaving them vulnerable to a DEX offering additional incentives.

A flaw famously exploited in the Sushi vamp attack. Image
Read 14 tweets
alexander Profile picture
Nov 28, 2024
In decentralized systems, effective economic design that balances and aligns the incentives of all stakeholders is as important as the code itself.

The history of DEXs is painted with failures to develop a comprehensive solution to the DEX Trilemma... until now.

🧵👇 Image
Every DEX has the same goal: capture as much volume as possible by delivering the best trade execution.

To deliver on this, DEXs must attract and retain liquidity providers who provide the tokens for traders.
The earliest solution for DEXs was merely aligning and balancing the incentives of two parties: traders and LPs.

Liquidity providers deposit the tokens to support swaps — and traders pay fees to the LPs.

A simple solution — but with clear limitations. Image
Read 24 tweets
alexander Profile picture
Sep 21, 2024
My biggest take away from Token2049 for me is that it is starting to sink in that the MetaDEX model has won.

It offers the single best answer to the DEX trilema, aligning the incentives of traders, LPs, and holders, and the results speak for themselves.

A short thread. 🧵 Image
It is clear that Uniswap is in decline as per @TheBlockPro__ its market share has dropped significantly since 2023.

Curve meanwhile appears to largely be pivoting to focusing on $crvUSD and related products.

Balancer is seemingly chilling and PancakeSwap relegated to BNB. Image
This could not be coming at a worse time for Uniswap as the token vests they've used to subsidize their costs and yields are ending.

They are faced with having to cut LP yields via the "Fee Switch" to sustain themselves at a moment where they are already struggling to compete. Image
Read 10 tweets
alexander Profile picture
Mar 19, 2022
💸 Votium Round 14 Updates

Last round bribes stayed strong, despite the CVX unlocking drama and a major market dip.

I'll do a quick recap and share how things are shaping up for #VotiumR14 below!

🧵👇
R13 Recap

Last round saw a total of 5395.74 in $ETH bribes (+.07%), the second highest amount on record.

We also saw...
👉 The return of $MTA bribes
👉 A big increase in bribes from @LidoFinance
👉 New bribes from Convex for their CVXFXS LP

TL;DR - Birbs looking good.
R14 Update

The market is looking in better shape this week which is driving the $ value of bribes higher even as token amounts largely remain flat.

Rumors are swirling however we might start seeing some new / increasing bribers soon. 👀

Read 5 tweets
alexander Profile picture
Mar 5, 2022
🗳 Convex + Votium Round 13 Kick-Off

It's that time once again, voting gauges are open and tasty birbs (bribes) are beginning to flow in.

And with the events of yesterday, we've got some extra drama surrounding #VotiumR13.

My preview and projections below.

🧵👇
R12 Recap

Last round saw a total of 5357.47 in $ETH bribes (+1.9%), the second highest amount on record.

While bribes per $USD declined to $13.6M (-15.3%), it was clear that it was driven by prices drops not bribes.

tl;dr - flywheel 💪 + birbs 📈.

Yesterday's Twist

The #cvxVotium flywheel is a pretty well oiled and drama free machine, which (frankly) I was looking forward to after the chaos of the #veSolidWars.

But clearly, I'm not allowed to have nice things as yesterday we got some big news...

Read 11 tweets

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