@martijnde_boer @AerodromeFi @wagmiAlexander i think the big unlock is that earlier voters get asymmetrically larger rewards. and yes, its real time as well
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Karim
606 posts
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how does @AerodromeFi predictive liquidity work @wagmiAlexander?
isnt voting where to direct emissions (current model) essentially that already?
does this just add another game on top?
or is this basically an evolution where the ve-gauges become real time as opposed to weekly epochs?
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@wagmiAlexander @AerodromeFi ty ser, pretty cool system. reminds me of older token models like GRT or ocean protocol which used similar predictive curation systems
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@0xKarim @AerodromeFi Very different as there is no incentive or asymmetric reward when allocating in forward looking ways.
youtube.com/live/KTLH_PqxB…
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i made WatchDawg to see how much im being tracked online, including from my browser extensions (i couldnt find another tool doing this)
you can check it out here chromewebstore.google.com/detail/watchda…
cc @SCBuergel
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@lordjorx @CurveFinance @valueverse_ai @AerodromeFi What about ve model that has no token emissions but just real yield paid to lockers in hard assets?
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Will the bull run bring back veToken lockers?
@CurveFinance pioneered the model: lock tokens for up to 4 years in exchange for boosted yields and governance rights.
According to data from @valueverse_ai, the percentage of tokens locked has steadily declined.
@AerodromeFi and @VelodromeFi look healthier for now, with higher lock rates. @yieldbasis is the newest entrant, already sitting at around 40% locked, but it's starting to show the same trend.
The challenge is simple: investment funds rarely lock their tokens, and I'm not convinced retail participants from the next cycle will return with the same conviction.
Most veToken models reduce emissions over time, which slows the dilution but doesn't solve the issue.
I like these protocols, but I still struggle to model how they remain healthy over a 10-year horizon.
Jordi in Cryptoland@lordjorx
Will crypto ever value DeFi on cash flows? I've been digging through @valueverse_ai data recently, and two metrics changed how I look at DeFi valuations. > The first is Effective Market Cap. Many DeFi tokens have emission schedules that dilute supply for years. Comparing revenue to FDV often tells you very little. A more useful approach is comparing revenue to the tokens actually circulating and locked in the market today. > The second is FCFM. It compares recent revenue to annualized revenue, helping distinguish between sustainable cash flows and short-term spikes. A good example is @yieldbasis. Recent volatility caused fees to surge, with a large portion of its annualized revenue generated in just a few days. Then you have @VelodromeFi and @AerodromeFi. Their revenue is far less exciting on a week-to-week basis, but it's remarkably consistent. I own some VELO because I find that type of predictability valuable. However, what's most surprising is how little the market seems to care. Crypto still prices assets based on narratives, momentum, and liquidity cycles. Meanwhile, some protocols are generating recurring cash flows while trading at valuations that would look absurdly cheap in traditional markets. At some point, fundamentals have to matter.
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Get paid to wait
The Claude Code spinner might be the most watched line on Earth.
So I turned it into an ad marketplace.
Advertisers bid on it. You keep 50% of the money.
Install the extension → get cash from ads.
Introducing Kickbacks
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Karim retweetledi
@SCBuergel @Rabby_io this is why i built and use WatchDawg. was just using it locally but made a public repo: github.com/karimgitsit/Wa…
basically gives you info on what data the oage you're on is tracking, and what your other extensions are tracking
I just submitted to chrome extension store
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@SCBuergel @Rabby_io Not yet, but will write one once it gets published on the chrome store!
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Honestly @Rabby_io, this is disgusting
Before I even set up my wallet, you are sending my data to
- your matomo instance
- and just in case track me on Google Analytics
- and to be really sure dump my data into Sentry
I hereby kindly inform you that this is a breach of your Privacy Policy (yes, the one that you last looked at 5 years ago) and a gross violation of GDPR Articles 13 and 46.
Please stop tracking me at your earliest convenience. Thank you.
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everyone talking about fable 5 benchmarks. fewer people talking about $50/M output, no 3rd party agents access on max plan, and the full cutoff in two weeks even from claude code. 😱
great model. terrible daily driver for anything agentic because most tasks do not justify the token cost.
eventually engineers will need tiered model architecture. figure out which tasks in your pipeline justify frontier cost. route everything else to a faster, cheaper layer.
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If Morpho is a shareholder free entity, what did the VCs buy for $175m?
Genuine question, not trying to dunk. So what does a fundraise even mean in this context?
Paul Frambot 🦋@PaulFrambot
It's a good timing to remind everyone that all Morpho IP, all apps hosted on morpho(.)org, and all our social accounts like @Morpho are owned by the Morpho Association, a shareholder-free entity. We believe in tokens. We don't own equity.
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im messing around to learn about credit based LPing. will check in in a week and see how much this pool has generated in fees (and whether they outweigh borrow fees) and how much volume this pool has facilitated
cc @euler_mab
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I just deployed an @eulerfinance eulerswap USDC/USDT pool that quotes liquidity depth of 100m on each side, despite only physcailly having 200 USD
it uses euler's credit amplification, where LP positions can borrow from vaults (and loop debt) to fulfil much bigger swaps. its basically JIT liquidity using leveraged debt.
although quoted liquidity is super deep, it cant actually fulfil super large trades, the max trade size is about 3.2k, but swaps within this size range execute as if they were swapped in a pool of 200m TVL
pool addy (mainnet): 0x2Cf734A241Ba6A036d09144a7A68053b15c2a8a8
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Karim retweetledi
They can borrow from any other vault that accepts one another as collateral, which depends on the curator of the market. The simplest market is like a Morpho pair. But you can cross-collateralise N asset vaults if you wish, like on Aave, then the EulerSwap could technically be used to provide liquidity across all (N - 1)^2 pairs.
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this hook uses an external price and auctions off the right to arbitrage the pool when it drifts to minimise toxic flow
this is super cool, but what really blew my mind is the credit amplification which is possible in eulerswap
pretty insane. kinda like JIT liquidity but with leverage, all using the underlying same protocol
Michael Bentley@euler_mab
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