StevenOnRh

深耕 Web3｜专注 Robin Chain
看好 RWA 的长期价值
技术面分析｜链上数据｜市场叙事
关注趋势，不追逐噪音，仅此一个账号。

[StevenOnRh @StevenOnRh]

这段时间研究 $FABLES，发现它的 ve(3,3) 机制也很值得关注。关注我的朋友应该知道，我自己也在持有和 build up-2:native

up-2:native 让我持续关注的，不只是每周排放，而是锁仓投票、流动性激励和手续费收入之间，能不能形成真正的正向循环。

对于 $FABLES，我目前的思路是：

• Auto-max：选择长期锁仓，参与投票，关注后续手续费与激励收益。
• robinhood:0xb9972ca7188e511174947e3936a5315ac7073277 ：简单兑换一些，给自己保留部分流动性。
• 持续跟踪：每周实际排放、真实手续费、锁仓比例，以及代币价格能否承接新增供应。

我始终觉得，ve(3,3) 最值得研究的不是 APR 有多高，而是激励退潮之后，协议能不能依靠真实交易继续运转。
up-2:native 我还在持续参与和 build。

$FABLES 则是一个新的观察对象。

10 月 20 日，看看它能否把这套机制真正跑起来。

另外目前 up-2:native lock 还可以在Flock Exchange进行转卖，因此都是机会。

DYOR. 不构成投资建议。
@uponrh @fablesfi

[StevenOnRh @StevenOnRh]

@RobinhoodCrypto up only

[StevenOnRh @StevenOnRh]

@Sanwanyingchi23 我自己动

[StevenOnRh @StevenOnRh]

@Sanwanyingchi23 D

[StevenOnRh @StevenOnRh]

@vonzz6 2周回本？？

[up. @uponrh]

up is the native DEX of Robinhood Chain.

[StevenOnRh @StevenOnRh]

@web3upxiong 立起来的意思吗

[StevenOnRh @StevenOnRh]

@taozi0929 Dou 是啥??

[StevenOnRh @StevenOnRh]

@algorand909 @RobinhoodCrypto $1.5 Soon

[StevenOnRh @StevenOnRh]

@0xStudy @fablesfi 拉的很 亏麻了

[StevenOnRh @StevenOnRh]

@keanu_coder 女性多的那家

[StevenOnRh @StevenOnRh]

刚刚在一个兄弟评论区

看到一个800关注6000粉丝的在那喊互关

不知道是不是我心胸狭隘

我敢关你会回不😂😂

所以兄弟们真心互关的话关注量别搞太难看

[StevenOnRh @StevenOnRh]

@souro0721 抱歉抱歉

[StevenOnRh @StevenOnRh]

周日出早摊啦！

蓝V、活人、还在更推的，来交朋友吧

能聊得来就好，真诚浇友。

时间线上刷到的朋友👋

互动起来

#蓝V互关 #真诚交友 #浇朋友

[StevenOnRh @StevenOnRh]

@EinsteinYipie 我也是 每次都幻觉会翻倍

[StevenOnRh @StevenOnRh]

@fablesfi Gfables

[StevenOnRh @StevenOnRh]

@cryptory4n Must be

[StevenOnRh @StevenOnRh]

@supereasyit 害怕兄弟开路虎

[StevenOnRh @StevenOnRh]

gUP up-2:native

[Richard Hsu | LP Guy @richardnhsu]

It’s a common misconception that revenue needs to be greater than incentives for veDEXs.

This is not the case.

The reason why is that the revenue goes only to veLockers and not everyone locks.

See $UP and $AERO for the case study.

Let’s say there’s $100 of incentives and $65 of revenue like in UP’s case.

Incentives goes to places like the veUP autocompounding vaults and emissions for LPs.

Revenue goes directly to veUP lockers and voters.

So if let’s say total UP supply is 100. And there’s 65% of locked veUP. Then for each 1% of veUP, the lockers earn $1.

This is not even counting the gains from locking incentives and the uneven voting rewards. Voters on low APR pools will get less rewards while voters on high APR pools get more.

This is why it’s a (3,3) tokenomics.

Long term lockers win the most if the protocol grows.

Mid term investors that LP can still win.

Short term traders that hold spot UP gets diluted.

Of course UP can adjust the incentive levels down too, but we actually want emissions to be higher than revenue to grow the protocol.

Again, it doesn’t mean dilution for veUP lockers but rather for UP spot holders.

It’s a bit more complex for beginners so that’s why people think the model is bad.

$AERO proves that this model works. Their cumulative incentives is much more than cumulative revenue. But, the protocol is still thriving.

UP is just making it better with features like dynamic emissions on day one.

If you read this carefully, you already know more about veDEXs than 95% of the space.

[StevenOnRh @StevenOnRh]

@ZHAOlb8r 嘛 字去掉

[StevenOnRh @StevenOnRh]

@Gh13chcc @richardnhsu gUP

[Richard Hsu | LP Guy @richardnhsu]

People think Robinhood chain becoming like Base is a bad thing (one of the most popular way ppl fud RH).

But, they don't even know that Base is the #2 chain by DeFi TVL right now.

Sure, a lot of Base ecosystem coins dumped. But to be fair, a lot of them don't have good products or don't generate sustainable revenue.

People love to focus on the bad stuff while there are coins like $AERO and $VVV that are still crushing it.

It's going to be the same way for Robinhood chain this bull run imo.

When we're in full bull, RH eco will get a ton of attention and capital. It's the fastest growing chain in the history of crypto.

A lot of great alts like $PONS, $DELTA, $UP, and $ZZZ will pump imo. But, so will a lot of other not so good alts.

Then when the market gets hard again, only the good ones will survive into the following bull.

People are too focused on short term data, what we should be looking at is at least 6-12 months into the future imo if you are positioning for larger pumps like I am.

Some investments can take years to really take off.

Much higher into the bull for RH eco imo.