alexander

@wagmialexander

64 Following

732 Followers

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@wagmialexander

It’s been an emotional week. I came into this space as a nobody + fairly naive. There were multiple moments where I feared that it might end up being the biggest mistake of my life. It might have been if not for the ppl who were there in the dark moments. I’m so grateful. 🙏

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@wagmialexander

I'm ready to move on, but here is another take on what it was like to live through on both the IT and Velo side. There are details in here that are new even to me. Many of us eventually went our separate ways, but will be forever bonded by this experience. https://x.com/homura0x/status/1919847544546304207?s=46

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@wagmialexander

“Other than that, how was FarCon, Mrs. Lincoln?”

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@wagmialexander

If you want the full story, just shared over on X: https://x.com/wagmialexander/status/1919428959944782065?s=46

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@wagmialexander

TL;DR - It turns out that @proxystudio.eth is our disgraced former teammate @gabagooldoteth. I can personally vouch that @dish had absolutely no idea and handled the situation perfectly. The @clankeronbase team has the full support of myself and the @aerodrome team.

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@wagmialexander

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. 🧵

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@wagmialexander

Aerodrome is now delivering... * 5x the volume of UniV3 on @base * 1.9x WETH/USDC volume of UniV3 on Mainnet * 1.25x the ETH volume of Coinbase Exchange * 14x the DEX revenue of Curve A DEX revolution is underway. Read all about it below: https://bit.ly/3WDgEaU

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@wagmialexander

There is a paradigm shift happening in the DEX and Defi landscape that is not well understood. Without a dime in VC funding, MetaDEXs are flipping the incumbents by combining the best of their models into a streamlined design. This series will explore why and how.

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@wagmialexander

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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@wagmialexander

Aerodrome volumes have gone parabolic today, servicing 3x the trading activity of UniV3 on @base. Slipstream fees are close to hitting 2x the previous all time high and will be permissionlessly distributed as voting incentives to $veAERO voters next epoch. 🛫

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@wagmialexander

I actually don't think folks realize that on volume terms, @aerodrome is now the second largest DEX on Ethereum. And in revenue terms, it is the single most productive DEX in all of DeFi (and it isn't even close).

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@wagmialexander

Any experienced Web3 savvy project managers looking for a gig?

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@wagmialexander

Not sure how I missed this, but @aerodrome seems to have flipped Curve's volumes and is now featuring a better volume to TVL ratio than Uniswap and Pancake. Still billions in un-utilized TVL sitting on L1s we need to onboard to @base. Job’s not done. 🫡

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@wagmialexander

Welcome to all of the new $veAERO lockers. Each week, 100% of protocol fees and incentives are distributed to $veAERO voters as rewards. Flight School and SuperFest deliver each new locker a boost in $veAERO and $OP. 🛫

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@wagmialexander

Aerodrome on @base is now doing more volume on the $WETH / $USDC pair than Uniswap is doing on both Ethereum Mainnet and Arbitrum COMBINED. There is over $58b in DeFi TVL on Ethereum and Abtrirum. Just $1.4b on Base (so far). We're entering a whole new paradigm, folks.

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@wagmialexander

This is becoming ridiculous. Think about all the DEXs who promised they’d take the crown from Uniswap: Curve, Balancer, Sushi, Maverick. Think about the millions raised and liquid tokens allocated to teams to do it. And here we are.

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@wagmialexander

If you are still in the process of Retro Funding voting (or updating your vote), be sure to check out @ZoomerAnon’s voting rationale. https://gov.optimism.io/t/retro-funding-4-voting-rationale-thread/8396/8

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@wagmialexander

Despite months of warning that this would happen, it seems the "Open Source" label for RetroFunding is mislabeling projects. If you applied for RetroFunding, you'll want to check this list here: https://docs.google.com/spreadsheets/d/1f6zQCCR2OmaM7bsjVU22YcVP4J_JmLaEKLc-YIDjCkw/htmlview#gid=88938804

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@wagmialexander

At the same time @Optimism is debating what kind of impact should be rewarded, @cobie is laying out eloquently how value capture has been privatized. You cannot reduce conversations around how to reward a project's openness to code usage right alone.

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@wagmialexander

Retro Funding is at an inflection point and the decisions we make will set the incentives moving forward. Under consideration is the enabling of voters to exclude projects that permission the reuse of so much as a single line of contract code. A reductive view of openness. 👇

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