I was playing around with some simulations for different tokens and found something I consider to be a pretty big deal
@bankrbot tokens (@dopplerprotocol tokens?) on DEXScreener drastically overreport their liquidity.
For example, take $AEON: 2.3M Mcap, 1.1M liq right?
Nope.
There's 427K in liquidity.
800K AEON liq reported -> 230K AEON liq real
355K WETH liq reported -> 200K WETH liq real
2.5x overreported. Be careful aping these tokens based on screener reported liquidity.
The extra liquidity reported here is coming from fees (570K in AEON + 155K in WETH) -- this does not remain in the pool, and is collected/withdrawn.
Confirmed the real liq on Doppler's own website.
@dexscreener@GeckoTerminal please fix this asap
For the first time ever, a live token is migrating its liquidity to Baseline DEX.
@reppo, the most traded token on @Virtuals, is making the move.
But why would they leave the DEX they're already on?
@YanLiberman Great read. @ErikVoorhees@YanLiberman I urge both of you to look into @BaselineMarkets. They solved the value capture problem with a programmatic price floor backed by protocol-owned liquidity that ties token value to the business instead of leaking out to emissions and sells.
Suddenly I really want CLARITY act to pass.
Fuck these bankers. Paying 0.01% yields on deposits while lending out holders' money and getting bailed out by tax payers when they fuck up.
Seriously, stablecoins isn't how we imagine crypto winning when BTC launched, but banks losing this battle would be awesome.
For the first time ever, a live token is migrating its liquidity to Baseline DEX.
@reppo, the most traded token on @Virtuals, is making the move.
But why would they leave the DEX they're already on?
Not a good take.
DeFi infra today is materially more resilient than in prior cycles (partially also thanks to AI).
Also DeFi has improved across the board over the years:
- better risk engines + lending market structures
- formal verification, audits, bug bounties
- better cap management, oracle improvements
- automated monitoring and security operations inc. circuit breakers
- far better tooling for smart contract security (including AI-assisted analysis)
Ironically, a lot of the remaining attack surface now comes from web2-type opsec, which is why many DeFi teams are investing heavily into better processes (inc. SOC2-based), infra hardening, and internal controls.
DeFi is constantly evolving, but pretending the industry hasn’t matured significantly or that AI is only a net negative for DeFi security is simply not true. The same AI capabilities attackers use are also increasingly used by security researchers, auditors, and whitehats to strengthen protocols.
DeFi Will Win.
@crypto_popseye This was already done by someone two years ago. If you're interested in this kind of token, you should check out @BaselineMarkets. They've already upgraded to a better strategy and to a full DEX.