jack-anorak
@jack_anorak
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doing a little digging, . @coinbase total retail trading volume, Q2 '24: $37B.@AerodromeFi trading volume this week at quarterly run rate: $35B. didn't realize the two were even in the same zip code but here we are ig.
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doing a little digging,. @coinbase total retail trading volume, Q3 '24: $34B.@AerodromeFi total trading volume, Q3 '24: $27B. BTC % of total Q3 '24 volume, @coinbase: 37%.cbBTC % of total Q3 '24 volume, @AerodromeFi: 3% (cbBTC launched mid-Sept). yeah we're firmly in the mix.
doing a little digging, . @coinbase total retail trading volume, Q2 '24: $37B.@AerodromeFi trading volume this week at quarterly run rate: $35B. didn't realize the two were even in the same zip code but here we are ig.
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btw I hope ppl are noticing. see the amount of margin pickup from incumbents?. slap a frontend/brand on Aero’s pools and Base/Circle rails and beat Wise, which has mkt cap of like $10B. This is an actual business—who’s gonna build this?. we’re gonna do this over and over again.
EURC Advantage €✈️. Onchain currency swaps can deliver better execution than TradFi. Powered by @circle, Aerodrome, and @base, users can instantly swap USDC and EURC with virtually 0 slippage. A 25,000 USDC swap returns 1.5% more EURC than TradFi, on average.
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oh gee wow there's @AerodromeFi quietly in there. right there with a blessed L1 known for value distros to users, at 2/3 of the TVL—but giving 100% to veAERO holders vs a split between HLP, OI bonuses, and the assistance fund. Same tier as Solana and Tron too. Interesting.
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emissions aren’t scary. they’re a constant redirection of resources toward people who are gonna grow aerodrome today. unlike your favorite VC unlock coin this isn’t a value transfer to insiders with one foot out the door. when done right, this outcome below is what you get.
Aerodrome's Sustainable Growth 🛫. Aerodrome's volume and fees continue to climb while AERO emissions steadily decline. Emissions -37%.Fees +5,560%.Volume +21,706%. veAERO voters receive 100% of the Total Rewards generated by the DEX and AERO incentives power @base's onchain
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reminder to everyone that @AerodromeFi just might be the only team in the space that supports itself solely by using its products—not by selling its own token. we've long been proud of this fact, that not even the EF could say the same of itself. dogfooding is how we eat.
This is solid advice from @cobie. If you are building a product, you should always be doing two things to stay in touch:.1) Dogfooding your own stuff.2) Benchmarking it against competition. Focusing on the largest current uses cases makes sense.
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@AerodromeFi was fully bootstrapped with no VC involvement. Big thinkers like @cbventures and @DeFianceCapital are taking a stand with their theses, putting their money where their mouth is in buying off the market, without advantages offered by private rounds. respect.
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Aero and Velo allocated something like 90% of supply to the community. Completely bootstrapped, no VC unlocks, no team unlocks, no nothing. None of these shenanigans you're reading about today. Just doing the job—growing the onchain economy.
This is precisely how Velodrome and Aerodrome's incentives work. Our team have permanently locked our veVELO and veAERO allocations and farm, just like anyone opting into the system. No unlocks, no privilege, no misalignment, aggressive decentralization – just as defi should be.
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I want @VelodromeFi and @AerodromeFi to win because I want the world to really look at what we’ve done and to start building more things following our example. decentralized systems can flip a lot of scripts and we’re laying out the playbook.
I want the Superchain to win because it is as far as I can tell the straightest line through which Ethereum wins.
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ok this is silly. just list on aerodrome, it's basically equivalent to the 4th or 5th largest CEX without trying at this point.
I recently spoke with a Tier 1 project that raised close to nine figures. After wasting over a year of due diligence with Binance, they finally received a listing offer. Binance asked for 15% of their total token supply. Imagine paying $50–$100M just for a CEX listing. Not.
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Just realized @SynapseProtocol is up for RPGF. My last report documented Synapse getting 1mm OP in 2022 for bounties and building liquidity on Optimism. Instead of doing this, in March they sent 850k to Cumberland to deposit on Binance. I think we should know what happened here.
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was Aerodrome the only one on this list to do so while returning 100% of all value generated to users?. AND it's top 5?. isn't this the bigger signal to builders and trojan horse for consumer adoption?.
Pumpdotfun is the fastest growing application by revenue in the history of the cryptoeconomy — $100M in revenue in just 217 days. Love it or hate it Pump is a massive signal to builders to build on Solana and a trojan horse for consumer adoption of blockchains.
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Here’s an actual feel-good story. you can build something massive and change minds on how to do business—all without raising a dime. looking forward to doing these every year after ppl were sure this was something that would fizzle after launch. day 1, year 1.
Aerodrome's Celebrates One Year on @base 🥳🎉✈️. Aerodrome has achieved impressive milestones over the past year and has become the hub for sourcing liquidity and onboarding new projects. Let’s take a look at the numbers, pilots.
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I want the Superchain to win because it is as far as I can tell the straightest line through which Ethereum wins.
I want Ethereum to win because the dominant global network of communication and value exchange should leave max room for people to experiment, express themselves, build and profit - to get as close to a universal public good as possible.
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with this we start acceleration - new features, new integrations, new [redacted]. this is gonna be a new class of dex.
Velodrome Slipstream is live. 🚴♀️💨✨. Slipstream is our take on Concentrated Liquidity, using a novel, fully audited implementation based off of UniV3. A small amount of emissions will start flowing to Slipstream gauges at midnight UTC. 👇
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here’s what’s happening. largest cos in the world with captive verticals across the global economy are seeing what Base does for $COIN earnings and are asking “how do I get that?”. neutral Ethereum, open Optimism leave you all the upside. when ppl talk abt scaling eth this is why.
Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium aims to connect Web3 with everyday internet services, making blockchain technology more
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what everyone thought on day 1 was a humble fork has in fact been setting new standards on several fronts. on the engineering side, we're now sharing some things we've learned. we're writing playbooks others have been following w success; next, we upend expectations of a dex.
Velodrome v2 is fast approaching so we're launching a dev focused newsletter for those who want to go deep. Our first post dives into how ENS adoption could help make contracts more accessible and secure. Smash that subscribe button for more.
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team stays hungry, team keeps shipping til the job is done. we’re not following the typical pattern w token unlocks etc bc our intention is to win, not extract and ditch. everything else tends to fall in line for the long term.
It is amazing to watch Aerodrome grow. One thing that makes it exciting is the fact that there are no vesting tokens waiting to unlock, for team or VCs. There were no pre-sales or liquid token allocations, there will be no "exits". All incentives are aligned for the long term.
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@blknoiz06 Aerodrome generated more over the last 30 days (without a meme token) but I’m glad this kind of thing is in the discussion again
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mindblowing to me that @UniDexFinance hasn't gotten on #RPGF3 ballots. their products are actively used public goods . yknow, actual stuff that's been built and serving lots of ppl. badgeholders look at this and ask yourselves how you've snoozed on them.
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was genuinely surprised by how much we've already raised through this. lots of credit due to the ppl who set it up. we are moving really fast. i think ppl need to be prepared for a new optimism.
1/ A reminder to those interested in Builders and RFG grants for Season 4, @syndicateio has rolled out co-granting alongside the OP community. Co-granting creates a new experience that enables anyone to show support for OP builders by co-granting alongside the OP Foundation.
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okay enough's enough, you now have both VELO and AERO. @MikeCollinsGA come get in the discord.
BREAKING: Representative Mike Collins has bought up to $50K of a cryptocurrency called Aerodrome. The coin appears to have a market cap of less than $500M. This is the first time we have ever seen a politician trade it. Note that the last time Mike Collins bought an altcoin,
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i respect the sentiment but this is an astonishingly bad take. claims of impact *do* have to be clearly backed in an application—wasn't here. and it would take me essays to describe the many ways badgeholders were generally *lacking* context, not in possession of asymmetric info.
I went to zuzalu. It exported a lot of good culture and learnings beyond the 500 people who were there. All of the research & education about public goods, longevity, cryptography, ZK, synthetic biology etc… those are all public goods that exported from zuzalu. I’m not saying.
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this isn’t just about Aerodrome . it’s about what is now possible onchain on Ethereum L2s, on Base. If you can make it the best place to trade BTC—over CEXs—it can be the best place to trade anything. this is a 0-1 leveling up that people thought wasn’t possible for a long time.
Just 8h later, $cbBTC TVL has doubled to $40M on @AerodromeFi. Since launch, these pools have already delivered over $21M in additional volume for the DEX. While offering lower slippage than swapping for $wBTC on Uniswap on Mainnet. @base is now the best place to trade $BTC.
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one of the most important threads you'll read this month. this should upend your thinking about where the action is in DeFi or on @base. bc if you're looking at charts Uniswap's been showing, what you're getting isn't the story they want to tell. read this or be stuck in the past.
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@Boss0fBase they have a governance token - $OP. they have a reward and stimulus token - $AERO. and they have a value distribution token - $COIN. what would be the point of a Base token? They have all the benefits without any of the headache.
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okay, what does this mean. 1) Superchain/Base thesis proving out.2) ve3,3 thesis proving out. both theses a few of us have wagered our careers on. take a second and think about what's happening here.
Aerodrome is now just $34M in volume away from flipping Uniswap's WETH / USDC volume on mainnet. And it is doing this with just 15% of the TVL. This is absolutely nuts. 🛫
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this one feels especially good to roll out because it's something we've had a clear plan for since day one. coming soon are a few other groundbreaking things we've similarly wanted to build for a long time. the next few months are gonna be fun.
Velodrome Relay is now live. 🚴♀️💨✨. Relay makes it simple to maximize your $veVELO by automating the process for voting and compounding rewards each week. Learn more below. 👇
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PSA for Builders:. Optimism subsidizes smart contract audits and RPC expenses. We work with @sherlockdefi @SpearbitDAO @trailofbits as partner auditors and @LlamaNodes . If you're considering getting on Superchain and need help covering audits/RPC, reach out to me or these orgs.
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you think we're looking at Uniswap and Pancakeswap or whatever. we're looking at Wise. we're looking at Wells Fargo. we're looking at Visa. we're looking at what *waves around* everything we're building across this industry, Uni included, is going to surpass. you should be too.
We’ve got a better product than the best payment businesses in TradFi… right now. Its rails live on @base, @circle, and @AerodromeFi. The hard part is solved, now it’s just a an infrastructure and distribution game. Just a matter of time.
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lmao. need crypto lawyers to tell me whether this means velo is legal now.
BREAKING: Representative Mike Collins just disclosed a purchase of a cryptocurrency called Velodrome. The coin appears to have a market cap of less than $100M. This is the first time we have ever seen a politician trade it.
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These protocols are doing this with their hands tied behind their backs. this is without aggregators even being linked, MMs/arb bots being plugged in, automated liquidity managers being added. and it’s happening FAST. always underestimated, never beatenTM.
Velodrome and Aerodrome are over halfway to flipping UniV3 on @Optimism and @Base. They are generating more revenue than every other DEX in DeFi combined and some. They have more TVL than every other DEX on OP and Base and some. There has been a paradigm shift.
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are you starting to get it.
The first Optimism Superchain $VELO locker has been spotted on the $veVELO leaderboard in @modenetwork. More to come. 👀
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idt people fully appreciate the imminence of this whole thing.
Velodrome began as the central liquidity hub of @Optimism Mainnet, today we begin our evolution into the liquidity hub of the Superchain. Velodrome will be expanding first to @modenetwork. 🟡 🚴♀️💨. Read all about our very first Superchain partnership below.
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think it would be great for Wise to get @AerodromeFi on this list for completion. how do we make this happen
When it comes to fixing finance, transparency is key. That's why our comparison service will always show you the cheapest provider for a route - even if it's not always us ✅ Give it a try:
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ppl wringing their hands over macro this and that. one of the biggest big-picture stories—maybe *the* biggest affecting defi specifically—summarized elegantly here, a yield crisis. it's no longer an obvious thing to keep your stables onchain—big headwind for DeFi.
This is astonishing - Rising interest rate in USD environment VS yield dropping in crypto environment due to the bear market (token prices down, TVL dropping) leading to a reverse in relative yields of US 1 year treasury bill VS Curve 3pool yield.(data source: FRED & Curve)
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To my knowledge, this is the first example of an ecosystem grants program committing to offering smart contract audits. which is arguably some of the most if not *the* most impactful support a grants program can offer – hence the large allocation to this RFG.
The Council is excited to announce that Request for Grant (RFG) 3 is live. The Council is focused on improving the market for code audits in the Optimism ecosystem. RFG 3 is an experiment. The Council will continue to create audit-oriented RFGs to find what is effective.
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this sums up why we’re here. let’s get defi right this time.
"Tokens should have real onchain immutable utility. 100% of value should flow permissionlessly to participants. Contributors to these projects should be rewarded through utility, not sales. And incentives should be aligned towards longevity, not exits.". - @wagmiAlexander ✈️🔵
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Idt they'll be a passive partner, either—the beauty of our model is that when you get involved there's huge benefit you can deliver to other projects (eg those in your portfolio). Huge respect for Base and CV for envisioning the rising tide here - we expect others will follow.
The Base Ecosystem Fund, led by @cbventures, was launched to invest in the next generation of onchain projects building on @base. We're excited to announce that the Base Ecosystem Fund has market acquired a $AERO position. Together we'll build the future of @base.
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absolute banger of a thread. Of 600k uni pools launched on @base . - only 7.8k (1-2%!!) had at least two liquidity adds (the rest you can dismiss as spam or scams) . - over 120k were deployed by 87 addresses. - several were serial rugs launched from ENS addresses.
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people won't believe but @VelodromeFi has an enormous amount ahead of it.
Superchain Interoperability Comes Early🚴. Velodrome and @hyperlane are teaming up to launch a dual interop layer that will be available to Superchain partners starting in November, making interoperability a reality ahead of the broader launch👇
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And this is just the stuff ppl know about, us delivering on the things we say we will. Steady wins. Best, deepest team in crypto.
Yesterday, Velodrome did more volume than GMX. It is the largest protocol on Optimism, hosting more TVL than Uniswap, Curve, Beethoven X, and Kyberswap combined. Indeed, it is now 10th largest DEX in all of DeFi. The "Velodrome Model" is upending the DEX landscape. 👇.
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look all I’m saying is that if the Ethereum Foundation is going to do nothing other than dump their ETH they can AT LEAST bridge to @base and use @AerodromeFi where they can access the most liquid, highest-volume marketplace for ETH worldwide. and then they can dump their ETH.
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The contributorship to Aerodrome is run by a group of people who built Aerodrome. I get why ppl do this but credentialist nonsense is how you get to institutional rot, misallocation, and FTX-like disasters in an industry moving as fast as this is.
Hyperliquid Foundation is run by an IPhO Gold winner, Harvard graduate, Hudson River algo developer and quant. Already rich, he came back to the industry to make a change and take the market share from predatory centralized exchanges. Building a pretty good L1. And because of.
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it’s not just a better token model. it’s a better business model. we’re doing what people believed DeFi could do.
While CT is busy lamenting how "bearish" everything is, the ETH DeFi landscape is being flipped on its head. @base is establishing itself the premiere place to trade the core pairs on Ethereum and @AerodromeFi has supplanted UniV3 as the primary volume driver.
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my occasional reminder to delegate your OP to jackanorak.eth. only platform is growth.
🔴 Use the Superchain, and reap the benefits 🔴. Today, @Optimism unveils Airdrop #5:. Onchain together, benefit together. 10M+ OP has been allocated to 54k+ unique addresses. As of today, roughly 550M OP remains for future airdrops.
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100 million of genuine value not ‘earned’ but DISTRIBUTED to veAERO voters . This is all fees generated from trades and incentives made to attract external capital . Aerodrome is providing a service that people want. to the tune of 100 million.
$100 Million in Rewards Achieved ✈️. In less than a year since launch, Aerodrome has accumulated over $100 million in Total Rewards (trading fees and voting incentives), all of which have gone to veAERO voters. History made, congrats pilots. 👨✈️🍾
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almost every day there's something new out of OP. these programs are getting bigger and better—if you're reading this there's probably already something you can get paid for. if you're feeling burnt on crypto or unsure of what to do this summer, consider this a spiritual lifeline.
Introducing: FOUNDATION MISSIONS. A request for proposals process to build core infrastructure for the Optimism Collective.
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a few times every week I’m asked “well how will coinbase feel if dex activity increases?”. ppl are forgetting that coinbase WANTS the action to move onchain. worrying about cannibalization of their exchange is missing the whole view - they’re thinking way way bigger.
the speed at which @coinbase is moving onchain is accelerating week over week and starting to blow my mind.
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I want Ethereum to win because the dominant global network of communication and value exchange should leave max room for people to experiment, express themselves, build and profit - to get as close to a universal public good as possible.
I want Ethereum to win because I believe others deserve to define their future and we can all work together in a connected, unified whole.
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