tim.may

Humanist ~ Psychonaut
Sophisticated Degenerate
As you think, so you shall become - Bruce Lee
NFA NLA NMA 100% Satire

[tim.may @BurningMiner]

@BeraHub BeraHub Club

[tim.may @BurningMiner]

Mr. Fantasy
Traffic + Jerry Garcia

'A man who needs no introduction'
So he doesn't...

#GratefulDead

https://t.co/HVt5xFqt8O

[tim.may @BurningMiner]

@GRTaylor2 Thanks for Playing With The Band

Robert Hunter (lyricist) - Wikipedia

[tim.may @BurningMiner]

@whoiskevin Great BeraSplaining
you had me at ooga

[kevin @whoiskevin]

This is a great question and I'd love to address this:

There are five major and key differences which separate Ooga Booga as an aggregator in comparison to others such as Odos and Paraswap.

Nimbleness

Berachain has a lot of trading venues which can be found across a lot of ecosystems, Uniswap v2 and Uniswap v3 forks are a prime example of this. However, at the same time, there exist a lot of non-traditional exchanges as well, good examples of this are Beradrome and Goldilocks. Both of which are unique in their own way, but boiled down they have a bonding curve which allows for the exchange of an asset for another asset. The time sink required to develop custom “adapters” for each of these is immense, often taking the majority of dev hours. Ooga Booga is fully committed and native to the Berachain ecosystem, meaning that we’re always searching for new and unique integrations in this field.

Advancements in Proprietary Route Calculation

I like to describe the depths of integration which an aggregator can achieve in three levels. The first level includes all standard integrations such as traditional AMMs, maybe an order book here or there. The second level includes factoring derivations of assets into the routes. E.g. taking ETH, and wrapping through Lido to achieve stETH or wstETH, and searching the ecosystem for liquidity on the derivations. The third level includes protocol specific logic, as an example, let’s take Dolomite or Gummi on Berachain, both of which are lending protocols. Assuming that if we take wBTC and we lend wBTC to either of these protocols, and we receive back a receipt token called cdpwBTC, we can now search the ecosystem for liquidity with due regard to cdpwBTC. Another example of this is Beraborrow’s liquidity stability module, the conversions between sNECT and NECT, are not 1:1, and so this forms a part of the third level. A final example is perhaps opening a single sided LP position on a DEX, then searching for liquidity on the LP receipt token. To my knowledge, no other aggregator in the industry considers integrations as deep as this.

Nativeness

Ooga Booga is fully native, and fully committed to the Berachain ecosystem, and solely the Berachain ecosystem. The only other aggregator which has done this before is Jupiter, which, if we’re talking FDVs (JUP to SOL), JUP’s FDV is 10% of SOL’s FDV. I think these numbers speak for themselves. The fact that Ooga Booga is fully native and early means that we’re able to integrate ourselves into a lot of the ecosystem’s project. Examples of this is Kodiak’s ALM rebalancing or facilitating zaps into Dolomite and Yeet among many.

Novel Fee Model

Ooga Booga has innovated in the way that we think about the protocol accruing revenue as well. Across other industry aggregators, just stating figures: Matcha charges up to 0.25% on limit orders, Jupiter charges 0.1% on DCA, and 0.2% on Limit Orders. For reference on how much volume actually goes through these product features, let’s look at Jupiter. Jupiter’s swap volume to date is $291,937,363,465, DCA volume to date is $5,080,922,058 and Limit Order volume to date is $2,249,734,599. Totalled together this amounts to $299,268,020,122 across all their product features. This means that only 1.7% of their total product volume flows through DCA, and 0.75% through Limit Orders. Assuming Ooga Booga processes $500,000,000 in total volume, 1.7% of that would be $8,500,000, then applying a 10 bps fee, would result in circa $8,500 in total fees, a miniscule number.

Instead, Ooga Booga only charges a fee if we beat both Bex and Kodiak’s quotes. See image below:

Put simply, we pull a quote from Bex, then we pull a quote from Kodiak, then we pull a quote from Ooga Booga. If Ooga Booga is able to beat both Bex’s and Kodiak’s price by at least 0.15%, a 0.069% fee is charged on the output token. This essentially guarantees a betterment of at least 0.081% to the swapper if a fee is charged. This model is better than just charging a blank flat fee on the aggregator, as that would defeat the entire thesis of “finding the best price”.

Token

Ooga Booga’s token accrues real protocol revenue. It follows Camelot’s GRAIL and xGRAIL model with rewards and governance modules. In comparison to 1inch’s token’s utility which is just a bond for their 1inch Fusion, and Paraswap and 0x’s tokens which are just “governance”. Paraswap’s last proposal was in June and 0x’s in April for reference.

Hope this answers your question!

[Ben Schiller @benschiller_xyz]

Great catching up with @janbtc at @OrdinalsSummit x @InscribAtlantis

Always inspired by his relentless positivity 💪

Looking forward to working together to bring Bitcoin Metaverse Assets to every @xverse wallet 🟧 #Token2049

[tim.may @BurningMiner]

@saidseven_ Age is an issue of mind over matter. If you don't mind, it doesn't matter.

-Mark Twain

[tim.may @BurningMiner]

@kittiesfor2 @RealCrypto420 @KanpaiPandas Hey @RealCrypto420 how does an Infinity Holder like myself, get his gear together and hop on the Infinity Alpha Chat?
Telegram thing?
I'm a Tardgram...oh well
#toomuch utility

[Zeus Ω ((3,3), P) @ohmzeus]

misinformed people look at coingecko price chart and feel validated by this false story

-90ish% isn’t fun but it wouldn’t have validated the degree of pessimism seen at the time

time has proved the haters wrong. the ohm design is strong

see here https://t.co/AW2J7Trimp

[tim.may @BurningMiner]

@__MrAnderson___ Mr. Anderson,
You, Ser, are a solid grandson.

'May she go peacefully'🙏
'Blessed to have Mom by her side, for the strength and family support past, present, and future. TY'🙏

Take care,
Timmay

[tim.may @BurningMiner]

I'm no mathmagician...
Just a voice saying 274🥚eggO
@bitmap420 saying plenty
NFA eggO
go go go

[Ben Schiller @benschiller_xyz]

614 of 888 minted 🥚 https://t.co/Hcj31B2bnM

Your belief in @Bitmap420 pushes us to keep buidling 💪 ⚒️

[tim.may @BurningMiner]

@benschiller_xyz Yo Yo

Ben, SteveyD...@SteveyDpanda Marble Racing Champ 5x
Stevey D, Ben...@benschiller_xyz eggO pro

Two different flights
Gonna end up at the same place
Where? Who? When?

BRC-420 Bitmap w Infinity Pandas n Frens

https://t.co/Fk2Tcqelpw

#havefun #bewell T

[steveyd 6x marble champ, 1x pvp bottom rank ⓩ 🐼🎒 @SteveyDpanda]

Imagine being one of the other 10 passengers on this flight. For 10 hours.

[tim.may @BurningMiner]

@benschiller_xyz Humble eggO

shilling for ya

https://t.co/S3Y6AdmU61

[tim.may @BurningMiner]

https://t.co/9Znj5AalnR

[tim.may @BurningMiner]

@bevmannnnn @icebagz_ @SteveyDpanda @jbyrdETH @autistSki 4.20.24 Hollywood Bowl

[tim.may @BurningMiner]

@SteveyDpanda His tweet...'Dude at work, stared while I was laking a leak. Splashed myrtle hand, wiped my face and split.'

[tim.may @BurningMiner]

@SteveyDpanda Was the dude singing?
'Tinkle Tinkle little star...'

[tim.may @BurningMiner]

@AyeHillETH @icebagz_ Quality recognize Quality
Infinity recognize Alien
Game recognize Game
Sophisticate/Degenerate

[tim.may @BurningMiner]

@bevmannnnn @icebagz_ @SteveyDpanda @jbyrdETH @autistSki Sophisticated AF
92 FS CAL 9 Parabellum
BERETTA

Degenerate AF
Rolex GMT II Ref 16710 2003
GMT bent 85°
Second hand broken
Snow Globe Edition