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Richard Hsu | LP Guy
@richardnhsu
Building @drippyfinance. Helping investors earn yield safely through LPs and DeFi. Documenting my journey and sharing learnings on my YouTube 👇
2.1K Following    4.2K Followers
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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Here's why I am very bullish robinhood:0xe8ffd7e24187f72afb08d75b1bb13088a989a791 even though the chart is down right now. > Delta shapes Uniswap LPs into DLMM shapes like Bid/Ask and Curve. > This is really great for high-volume pairs because it gives us more flexibility as LPs. > For example, Bid/Ask LPs work really well for higher-risk high-volatility tokens. That's why a lot of people use Meteora to farm new coins on Solana. > Because they're built on top of Uniswap, they don't need to attract their own liquidity or volume. They can just focus on UX/UI. > Contract audited by Sherlock. > Strong team that knows how to DLMM profitably. > Great products are often built by people who are trying to solve their own problems. > Already has initial product-market fit. > At just $5,638 daily rev, that's ~$2m per year. > That's not even their peak daily revenue. Robinhood chain activity will only grow from here into the bull run. > They're buying back and buring robinhood:0xe8ffd7e24187f72afb08d75b1bb13088a989a791 with 80% of their revenue. > 0.432% of supply burned already. This will only accelerate. > Buybacks have an outsized impact on lower-market-cap coins. See robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 and $STONK. > Recently hired two new devs to accelerate development. > Launched on PONS. Free marketing when they pump. > A lot of people are still fading it because they don't understand how bullish this is. > Potential to be a multi-chain protocol. They can just deploy on chains that Uniswap is doing the best on. > Not a meme and trading so cheaply. It has staying power, which is great for longer-term LPs like me. I could always be wrong but I think this will age quite well. gDelta.
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