How does the mechanism work?
1. Every trade funds the snowball. A 4% creator fee is collected from every buy and sell and accumulates in that coin’s dedicated fee vault.
2. A thesis triggers the snowball. When someone posts a thesis about the coin on @fomo, our keeper detects it and activates that coin’s snowball.
3. The snowball buys + burns. The accumulated creator fees are used to market buy the coin, and every token acquired is burned.
trading → 4% fees → thesis → buyback → burn
I was early to Velodrome on @arbitrum and early but somehow lost track of Aerodrome on @base
Now I'm day one into @fablesfi and am seeing early signs of a new main liquidity hub arising, in this case for @RobinhoodCrypto
Last 24H @fablesfi had 5.8% of the TVL, 14% of the volume and 30%+ of the fees of Aerodrome -- The yields are just too good to resist 👨🌾
All in all the metrics are very promising and seem to indicate an undervalued token, but I know its just the robinhood:0xb9972ca7188e511174947e3936a5315ac7073277 🧙♀️🧙♀️
The ONLY reason we have DeFi Summer 2.0 is @Uniswap v4 hooks.
And some people say hooks were a mistake…
Bro, maybe let’s find solutions instead of complaining.
Maybe let’s preserve that onchain activity.
Do your job and let devs innovate with v4 hooks so we all have more opportunities.
Work harder. Work smarter. Work faster.
Week 3 of the Prologue: $338M facilitated, $520K paid straight to our 6,359 LPs 🧙♂️
Rewards are now claimable 👉 https://t.co/KEIspqUJYr
This Week's additional rewards are live: 5,000 USDG for Fables LPs.
Plus an update on the Points Program 🧵 1/2
Explosive growth for Fables.
I expect this to flip @arcus_xyz pretty soon, as it pushes into number 6 on the robinhood chain tvl leaderboard.
Fables pool dynamic fee structure is leaps and bounds ahead of competitors and is earning LP's more yield per dollar while they continue to stack points for the upcoming $fable tge. I predict current yields to be well into the 1000% apy's if you include the $fable LP's will receive on oct 5th.
I have heard rumors Fables team has more innovations for the ve dex system coming soon.
Stop fading a protocol with the highest chances to become the aerodrome of Robinhood Chain.
A place which will be the defacto chain for tradfi, tokenized stocks, and normies.
Almost half a billion volume facilitated through @fablesfi pools now.
18 million tvl
Protocol stats mooning but $Prologue sitting around 7.5 mill marketcap stagnant.
Eventually things will catch up. You’re buying liquid access to the $fable tge at around 23-24 mill circulating marketcap at these prices.
Do we think the liquidity layer of Robinhood Chain will be at 24 mill ?
Me thinks the winner of the robinhood chain liquidity layer will surpass Aerodrome rather quickly.
Prologue is best place to get the fastest access to $fable while the whales kill each other farming points rn.
Do with this info what you will.
I spent a short auditing @fablesfi — the hook-native ve(3,3) DEX on Robinhood Chain — from scratch.
Not a checklist review. Every deployed hook read line by line, recompiled locally to prove the bytecode matches, then attacked on a live mainnet fork with 37 adversarial tests.
The short version: the contract engineering is genuinely better than most of what I review. What should worry you is almost entirely somewhere else.
Full breakdown 🧵
@RobinhoodCrypto $PROLOGUE #RobinhoodChain #DeFi #RWA #UniswapV4 #ve33 #SmartContractSecurity #DeFiSecurity #TokenizedStocks
Chapter 2: Market Expansion 🧙♂️
22 markets are now live on Fables, with many more to come.
Start earning on SpaceX, GameStop, Amazon, HIMS, DJT, SPY/QQQ and a fresh batch of memecoins!