cs361

I write threads from time to time

[cs361 @0xcs361]

1/ Early DeFi was a tangled web of opportunities and complexities.

Yield aggregators emerged to cut through the noise, but the initial success waned as yields declined and capital fled.

Where do we go from here? 👇

[Alphix @AlphixFi]

Our USDC/USDT pool on Arbitrum is the highest-earning Uniswap Pool of its kind.

Since its launch, it has grown by over 10% in volume daily, to now facilitate over $150K every 24h. All organic.

This is what custom pools enable 🔥

[Alphix @AlphixFi]

Dev Log 001

It's been 2 weeks since we launched.

Since then, we have continued building👇

[Yanis Berkani | Alphix @berkani4_yanis]

Now that @AlphixFi is live, I think it's time I introduce myself:

• studied CS at EPFL, Cybersecurity at ETH Zürich.
• worked 3y as lead smart contract developer at @spectra_finance, a permissionless yield derivatives protocol.
• now building Alphix as Co-Founder & CTO.

What's Alphix and why does it matter?
It's a set of Uniswap V4 hooks that do two things that no incumbent AMM does today:

1. Dynamically adjust swap fees based on real-time pool conditions.
2. Put idle liquidity to work in yield-bearing vaults and redeposit it Just-In-Time via flash accounting when the pool needs it.

We started building this about a year ago with a simple thesis:

Liquidity providers are getting a raw deal. They face adverse selection, suffer LVR, and their capital earns nothing between trades.

We thought: what if the pool could fight back?

Dynamic fees that adapt. Capital that never sleeps. That's Alphix.

We genuinely believe this is a meaningful step forward for the AMM space. A new primitive built from scratch on Uni V4's hook architecture that fundamentally changes how LP capital works in a pool.

We're proud of it, and we're just getting started.

What's next:

• Additional AMM features are in the pipeline.
• Partnerships and Integrations.
• Points Program Season 0 launches soon.
• We will work openly with our community to improve on existing governance models.

To our community:

Please join our Discord (https://t.co/c8evFK3QQA) and try the product. If something feels off, breaks, or confuses you, tell us. File a bug, leave feedback, ask a question.

This is genuinely the most valuable thing you can do for us right now. We'll always do our best to respond quickly and be as helpful as possible.

Security is something we take extremely seriously. We have been audited by @sherlockdefi, we maintain a live bug bounty program (https://t.co/hdqnau5xbU) on Sherlock for ongoing protection, and we're committed to continuous security improvements after going live and as the protocol evolves. For a deeper look at how everything works, check out our docs (https://t.co/Xn1mdM137f).

That said, DeFi is DeFi. DYOR. Never deposit more than you're comfortable with. This tweet is not financial advice.

To builders and dApps in the ecosystem:

Alphix isn't just for retail users. If you're a protocol looking for:

→ Custom pools with adaptive fee structures and/or liquidity rehypo and/or other AMM features
→ Efficient, yield-generating liquidity to tap into

Or if you operate a solid ERC-4626 vault, let's talk.

Huge thanks to my amazing, cool and super handsome co-founder @ShuiTangs (he didn't write that) and to everyone who helped us along the way:
@base for believing in us from day one (Batches 001, IncuBase)
@UniswapFND for the amazing V4 hook framework
@sherlockdefi for helping us ship securely
@0xcush and @ocandocrypto for advising and challenging us
@MarinaRaetz for being our biggest supporter
And many more!

LFB

[Alphix @AlphixFi]

We are Live!

Discover the next gen of AMMs through our Dynamic Fee Pools with JIT Liquidity Rehypothecation.

Points coming soon 👀

https://t.co/NDrDftDozy

[Alphix @AlphixFi]

Alphix Team touched down in Vermont!

Thanks to @base for the invite, excited for BaseCamp 🟦

[Alphix @AlphixFi]

EthCC over.
Cannes was beautiful. Met familiar faces, new sharp minds, pitched to VCs.
Winners of the Builder Showcase by @akindo_io
Taking the momentum home. Continuing to Build.
Next: Public Beta

[cs361 @0xcs361]

@schizoPrugg gg

[cs361 @0xcs361]

Yes Rajesh.

Speak your truth!

[AD @RajeshY57436955]

@deBridgeFdn 0.025$ is a shit price , I am even not getting as much I have invested. Such projects can never grow who does FRAUD with the community. I wish your project will be runed

[Shui @ShuiTangs]

https://t.co/w0h4ytH5it

[cs361 @0xcs361]

@delucinator What is "big"?

DM pls, OTC would be sick

[cs361 @0xcs361]

@veH0rny https://t.co/wF5fMj61Mg

[cs361 @0xcs361]

Bullish: On-chain Perps

I started "trading" cryptocurrencies in late 2017 right before the first bull market.

Back then, my investment framework was following big Twitter accounts and buying into every token on my timeline (No wonder I gave back all gains in the following months)...

Back in those days, there wasn't a better place to trade than Binance. Although the exchange was relatively new, it had all of the hyped coins, good enough UX and (presumably) a decent affiliate system.

Over the course of the 2017/18 bull, Binance grew tremendously.
Fast forward to 2020. The DeFi sector and ERC-20 changed the users interacted with crypto assets.

DeFi Summer. AMMs, Lending protocols, liquidity mining, food farms, memecoins...

@Uniswap was the gateway into this new hot sector. It allowed protocols to create on-chain markets with little liquidity.

Users flooded on-chain to bid up tokens.

CEXs couldn't compete.

Over the course of the 2020/21 bull, Uniswap grew tremendously.
Fast forward to today. After a 1.5-year bear, BTC made a new yearly high. For the first time in a while, the timeline seems bullish. CEX and on-chain volumes are spiking.

Of course, it's too early to say what this cycle's kingmaker trades will be.

What we can predict, however, is that the exchange that lists these assets the quickest will garner a ton of attention and capital.

There will be an exchange that grew like Binance in 2017 and like Uniswap in 2020.

How is it possible to list an asset before an AMM? After all, they are the birthplace of tokens. The answer is pre-launch Perps. Speculation markets on unlaunched tokens.

Just look at the impact $TIA has had on @HyperliquidX and @aevoxyz.
But decentralized perp exchanges can offer a lot more:

1. On-chain markets can compete with CEXs!
2. Index perps allow for exotic assets like $FRIEND
3. DeFi composability: vaults + protocols built on top
4. Decentralization wins*

*a growing on-chain exchange sector will create competition and ultimately leave us with a fully decentralized implementation of an efficient exchange

This was a slightly different approach to my usual threads. Just started writing out my thoughts. Of course, this leads to simplifications but you understand the gist of my thesis.

Hope you enjoyed this.

[cs361 @0xcs361]

@zerototom slipstream, dln, PTs what am I missing

[cs361 @0xcs361]

@KirbyLarp if you made it here you can make it anywhere

right? guys???

[cs361 @0xcs361]

@laurentzeimes Can a memecoin have too much fundamentals?

[cs361 @0xcs361]

@rektdiomedes @Route2FI Mean reversion right???

[cs361 @0xcs361]

@Prithvir12 pic goes hard

[cs361 @0xcs361]

Might be worth revisiting…

After years of winter the soil is starting to soften.

[cs361 @0xcs361]

Irrational exuberance sparked a wave of algorithmic, unbacked stablecoin experimentation.

This led us down a dark path into the UST debacle and regulatory troubles.

A smaller competitor had the potential to change the markets fate.

🟩Beanstalk: Past, Present & Future

[cs361 @0xcs361]

@Ceazor7 @beanstalkmoney is it time?

Remember I have a bunch of fertilizer I got after the exploit

[cs361 @0xcs361]

@0xkyle__ This reads like it's straight from EOY '22. Real Yield, revenue, users, products, research

It's far too early to start thinking. If you're looking for rationale just lock in 40% on majors and gtfo

[cs361 @0xcs361]

We do a little intent filling