Vending Machine(@vm_economics):1/ On @base WETH/USDC, the 1bps pool wins calm-market flow. The 30bps pool wins flow in volatility spikes. Neither wins both. @AerodromeFi 's dynamic-fee pool, which moves block-by-block with realized volatility, is competitive in every regime in 90 days of data 🧵

Vending Machine

@vm_economics

A crypto-economic studio

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Vending Machine@vm_economics

2026.05.15 16:38

1/ On @base WETH/USDC, the 1bps pool wins calm-market flow. The 30bps pool wins flow in volatility spikes. Neither wins both. @AerodromeFi 's dynamic-fee pool, which moves block-by-block with realized volatility, is competitive in every regime in 90 days of data 🧵