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Alexander
@nativeaborean
Guiding liquidity across Ethereum◼️
159 Following    2.2K Followers
None of this is by luck or chance. up is almost 2 years in the making. ↑
10 weeks on up. - TVL up - Volume up - Fees up - Holder revenue up - Circulating supply flat No dilution. Unlimited upside.
up is 10 weeks old on a 12 week old chain, and already 9th in crypto for DEX revenue on a fraction of the TVL. It’s a Robinhood Chain sUPercycle.
up is the 9th highest revenue generating DEX in all of crypto on $10.5m of TVL. 100% of up revenue recirculates to holders. uprising.
Boost up ↑ Provide liquidity to our boosted pools to earn the highest yields on Robinhood Chain for: $PONS $AI $CASHCAT $STONKBROKER We’re up.
Most have worked out that tokenisation is the story of this cycle. Fewer have worked out that the value accrual for crypto natives isn't the assets themselves, but the rails they trade upon.
Another great week for @uponrh. Emissions: pay attractively but responsibly Buybacks: buy and lock UP (vault) Rewards: trading fee revenue to lockers New locks: UP locked for revenue share Malleable by design, tuned every week, built for every market condition. up.
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~$1m distributed between this week and last. $UP is a truly revenue-centric token. It earns trading fees every week and never needs to be sold to take profit. Owning $UP means owning a share of the native ve(3,3) DEX on what's shaping up to be the leading chain of the cycle. If Robinhood Chain keeps growing and up keeps capturing revenues through fee capped emissions, there’s only one way this can go. up.
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FOMC is priced in. Short term volatility, sure. Mid-long term? The only way is up.
It should be completely obvious to you that Robinhood Chain will be the standout chain of this cycle. Vlad the main character, tokenization the main narrative, Robinhood Chain the main arena. There’s still time to catch up.
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Excellent write up.
Here's why I'm bullish on up-2:native. > Best veDEX tokenomics. They pay emissions just slightly more than the LP fees that go to veUP voters. >This means there's much less inflation compared to other veDEXs. > If the price of UP goes up, they don't have to release as much UP to LPs. > Already have initial product-market fit and pulling great numbers > DEX volume numbers and revenue are better than a lot of other smaller vDEXs when they first launch > Doxed dev. Worked on Aborean DEX on Abstract. Been in crypto since 2017. Seems well-connected. > Featured on Binance Alpha > veUP APR is quite good and might rise over time as Robinhood chain gets more volume > There are quite a lot of veUP lockers, circulating supply has been flat over the last few weeks. > Founder knows how to do marketing too, going on podcasts and stuff. > Built by someone who deeply understands DEXs, veDEXs, and their pros/cons. > More features in development that has not been shared yet > No VC. > Robinhood chain is likely to grow over the next 1-3 years. Likely surpassing Base. > Native dapps tend to get better treatment from the people that run the chain. > Still very new so no exchange listings yet. Paying for listing fees isn't a problem either because protocol is generating revenue. > Growing revenue and TVL if you zoom out. > Still holding up decent numbers despite little action on RH right now. > Already partnering with a lot of projects. Integrated with DEX aggregators too. > Trades at a much better value compared to veDEXs like AERO. > A lot of people don't do research and fade it because of high FDV number. mcap matters more in this case. Up only season.
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It's worth reiterating why this chart looks the way it does. Every ve(3,3) before up released emissions on a fixed weekly schedule. Fee potential could fall, yet emissions wouldn't adjust. That's where the inflation comes from. up caps emissions at fee potential thanks to our gauge caps. Fewer fees to capture? Fewer emissions. More fees to capture? More emissions. Nine weeks in, supply is flat and $1.65m in revenue has been generated for lockers, with $350k going out tomorrow.
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How $UP is changing the ve(3,3) playbook... “I’ve never really seen a Ve(3,3) do something differently in the past two years" Most ve(3,3) protocols rely on big airdrops, low liquid supply and fixed emissions which leads to expensive incentives and token dumps After months of work, @uponrh built gauge caps to control emissions across each gauge instead of letting them run unchecked
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Our ve(3,3) adaptations are working: - Nearing $1bn in volume - $2.55m in fees - $1.42m in revenue to lockers - $600k going to lockers in 3 hours - $9m TVL, up 800% in 30 days - A top 10 revenue generating DEX in all of crypto, second only to Uniswap on Robinhood See how below.
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Another strong week for @uponrh. Revenue up week on week, emissions comfortably outweighed by the revenue they generate, and a large share of them locked back up for a cut of it. Everything working in absolute harmony, as it should, with so much room to grow.
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Epoch 7 summary ↑
up has had some amazing growth on the protocol side the past few days... In the past 24 hours, no protocol recirculated more value to a token native to Robinhood Chain than up did. The best part? We are just getting started.
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