alexander

@wagmialexander

44 Following

208 Followers

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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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@wagmialexander

In RPGF3, 5% of the rewards went to the top 20% of projects by demand for OP blockspace, undercutting that impact = profit. Retro Funding has been overhauled, but a sudden change may lead us back to the same outcomes. Join the discussion. https://gov.optimism.io/t/retro-funding-4-voting-experience/8138/2

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@wagmialexander

To be clear, the implication here is that Retro Funding should go to DackieSwap, an OS Pancakeswap fork with 1.3M in TVL, and not Aerodrome with its ~$700M in TVL. The incentive becomes, don't try to build the next Aerodrome. Instead, copy paste as much as you can.

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@wagmialexander

Velodrome's Superchain expansion begins next week. Beginning its evolution into the liquidity and incentivization layer of the @Optimism Superchain. Four Superchains have already committed over $2M in incentives to bootstrap it, with more coming #soon.

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@wagmialexander

Slipstream volumes are going exponential on @velodrome with just one aggregator online. Velodrome is now taking 35% of Uniswap’s volume (and rising) on Optimism and on 4/22 Slipstream arrives on @aerodrome to do the same. The DEX landscape is being disrupted.

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@wagmialexander

A new record high (again) $6.6M in weekly voting rewards across @velodrome and @aerodrome. When we flipped Balancer, Curve, and Pancake it was called a fluke. Now we're on the path to flip Uniswap's volume, with the fee switch on and set to 100%. Reconsider your priors.

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@wagmialexander

Slipstream is kicking into high gear now, with APRs high enough that the UI is displaying warnings. Check it out out: velodrome.finance/liquidity?filt…

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@wagmialexander

Velodrome will be deploying to @build_on_bob, bringing $veVELO voters a chance to support a native Bitcoin ecosystem built on the Superchain. Just another stop our ride across the Superchain. 🚴‍♀️

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@wagmialexander

I'm old enough to remember when @aerodrome was sure to fail because it missed the "first mover advantage."

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@wagmialexander

One aspect of Velodrome’s shift to the Superchain is its evolution from a liquidity marketplace for protocols to one for layers. Every Superchain needs liquidity and Velodrome will be the easiest place to incentivize access to it. Mode is just the start. Tune in next week.

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@wagmialexander

Big news today.

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@wagmialexander

One thing that is missed in how people evaluate Velodrome is just how novel the tech has become. We're don't relying on any offchain accounting, centralized APIs, or other common shortcuts. Everything remains in one layer, entirely onchain.

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@wagmialexander

One of the best primers I’ve read on what we’re building at @aerodrome and @velodrome. Give it a read. https://tokenbrice.xyz/crv-vs-velo/

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@wagmialexander

This is a huge deal and represents 6+ months of work. Velodrome has 1.8x the TVL of Uniswap and will now offer competitive swap execution. That means we are coming for $200M+ in daily volume on Uniswap. The MetaDEX model is realized just in time for the bull.

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@wagmialexander

A great read on how Velodrome improved on the Curve’s model from TokenBrice. https://x.com/tokenbrice/status/1763542466597142973?s=46&t=WOsV2ejrK0vwTtJcl3kMJw

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@wagmialexander

POV: Your "fee switch" is immutable and set to 100%.

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@wagmialexander

I'm so damn proud of every person who helped Velodrome + Aerodrome get here. Building shit is hard. There have been really really dark days. We never raised a dollar or sold a token, and plenty rooted for us to fail at every step. Yet, here we are. Don't fade this team. 💪

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@wagmialexander

Can anyone think of a compelling reason why DeFi on OPmainnet shouldn't all move to Mode? It would be awful for the Collective and RPGF as they'd only earn 10% of sequencer revenue vs 100%, but what would be the downside for builders? On Mode impact=profit is guaranteed.

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@wagmialexander

When we launched Velodrome on Optimism, most had left Solidly style DEXs for dead. Velodrome reworked the model and rose to be one DeFi’s top DEXs that many forked. I see this listing as validation ve(3,3) is going mainstream. https://x.com/coinbaseassets/status/1750317523591942564?s=46&t=WOsV2ejrK0vwTtJcl3kMJw

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