DeFi has long suffered from misaligned incentives across teams, users, and investors: Enter the MetaDEX.

No token sales. No treasuries. No insider extraction. Just a level playing field where everyone earns through protocol growth.

From Dromos 🧵👇

DeFi has long suffered from misaligned incentives across teams, users, and investors: Enter the MetaDEX.

No token sales. No treasuries. No insider extraction. Just a level playing field where everyone earns through protocol growth.

From Dromos 🧵👇
https://t.co/j6lyO3uZLE

The central trading and liquidity marketplace on @optimismFND

velodrome.finance 


For a decentralized system, delivering maximum value to users is a competitive requirement.

But anything worth building requires a dedicated team that must be compensated.

So how do you reward contribution while maximally distributing value?

Decentralization is the key.

The MetaDEX leverages the power of decentralization to flatten the distinction between insider and outsider—rewarding teams and users through the same mechanisms, for the same behavior: participation.

This shift changes everything.

Aligning these groups unlocks:

Permissionless compensation for new contributors—no privilege based on tenure.

Ecosystem wallets that act solely in the interest of the public good.

Buybacks that don't redistribute value, but create it—driving growth.

So why, then, do most decentralized systems recreate the same old problems?

They've designed new products, but not new systems:

1. Control centralized in treasuries
2. Value routed through privileged contributors
3. Users/tokenholders monetized by insiders

The MetaDEX creates a new organizational structure based on token supremacy.

1. Flat distinction between insiders and outsiders

2. Value distribution tied to participation, not status or speculation

3. Public goods hard-coded—serving only the protocol's interests

With the MetaDEX, aligning the interests of all stakeholders isn't an accident; it's an immutable feature, written into code and executed in perpetuity.

Read the full story from Dromos in the link above.

Solving the Alignment Trilemma

Within any org, an internal team is expected to work in the interest of another group (often: owners or investors).

In most scenarios, it's the users who suffer. The only way to solve this problem is to align the interests of all three groups.

But how?