holycryptoroni

I am not sure I've ever met someone who seems to have so completely bought into the propaganda around a project -- at this point it feels like willful ignorance. But let me help so when you do figure this all out you and your followers were at least know you were warned. And my man every project I talk about publicly thinks I am obsessed with them, from the billion dollar ones to the micro caps -- I'm just obsessed with the ideas and I'm annoyed when I see bad ones parroted about. > First of TVL doesn't get inflated by leveraging / looping stables as mentioned in OP tweet. Some sources will filter it out of toplines and some will not — for example if you are looking at DEX pool TVL you’ll have no sense for how much of the TVL is folded — but the point is that borrow, supply utilization, and pool depth (the things that actually create the economic capacity that drive fees and revenues) are absolutely recursive and reflexive. > You attract those type of numbers because of yield, and that yield comes from fees. The thing that is obvious to anyone who actually knows about this stuff and that was illustrated clearly in that table is that the protocol is not capturing enough value — on the DEX side, lend borrow side, or combined — to support the markets it has, let alone the broader costs of the protocol still dependent on dumping its token. It is deeply subsidized, 40% on the USDC vault alone, and there are dozens of case studies from AAVE / Compound / etc on the recursive loops that happen when you drop that kind premium into leverage systems. Remove that and everything, including the paltry fees being generated now, goes down reflexively. >With Fluid, capital earns both DEX fees + money market yield. Aerodrome capital only earns DEX fees. I cannot get over how not a single person shilling this shit seems to have done even the most basic research on Aerodrome — no veAERO voters do not just earn DEX fees as incentives — they capture the full current and future productive value of the DEX. For example, just one Community Launch a few weeks ago earned voters $18M — that is the ENTIRE annualized revenue of Fluid dude. Again, even when you combine Fluid’s (below market) DEX fees + (below market) money market yields the protocol is simply not capturing and redistributing enough value. > @coinbase / @base, an ecosystem i like, decide to subsidize aerodrome ponzinomics and keep them afloat instead of setting a level playing field among DEXs and let the best designs win. Coinbase is not subsidizing Aerodrome in any way dude lmao— Fluid just hasn’t shown an ability to compete against the model. Which is why Aerodrome is doing 500x+ Fluid’s volume and more than every other DEX on Base combined. >Meanwhile Aerodrome bleeds >$80m annually in that need to be subsidized, while Fluid runs a sustainable surplus (see @DefiLlama screenshots). Enable bribes on DefiLlama and check those numbers again little bro and tell me again how Fluids historical ratio of infinite emissions to holder revenue is better? This is either wildly dishonest or you actually don't understand these economic systems at all. x.com/wagmiAlexander…

1,000,000 SYND was just deposited into @AerodromeFi as voting incentives for the next epoch—for both the SYND/WETH and SYND/USDC pools. ↓

THE COMMUNITY-FIRST TOKEN LAUNCH OF SYND IS HERE. SYND will be the first ever Community-First Token Launch on @AerodromeFi on @base now integrated with @coinbase—a radically open, transparent, and decentralized model that puts the community at the center from day one. ↓