kaspars.co

Designer @propellerswap

[PropellerHeads @PropellerSwap]

Want to test and compare Fynd quotes before you integrate?

Open Routing now has a Frontend.

Announcing Fynd Swap.

The fastest way to try out Fynd.

Try it: https://t.co/4YnjiUzL8Y

[PropellerHeads @PropellerSwap]

Aperture, our most powerful algorithm to date, is live on the Fynd API.

In our Ethereum benchmark, Aperture averaged +12.81 bps over Bellman-Ford (net gas!).

While solving 3 times faster than Water-fill.

With Aperture, Fynd now matches trusted routers on large swaps too.

[PropellerHeads @PropellerSwap]

You don't need an OTC desk to offer stable rates

Deploy your own Stable Rate Swap router for

ANY Token
ANY Rate, and
ANY Size (up to all AMM liquidity)

No limits, no trust, no middlemen.

Powered by Ethereum.

[PropellerHeads @PropellerSwap]

https://t.co/p3APLupR8i

[PropellerHeads @PropellerSwap]

Fynd just became 2.4x - 120x faster.

Most Liquid, Fynd's fastest algorithm, routes trades on Ethereum in 0.37ms p50 (p95: 0.84ms).

This lets Fynd search deeper. The price improvements show it:

On trades > 100k, Waterfill improved 2.22 bps on average and

Aperture (in preview) adds another 5.8 bps over Waterfill!

[PropellerHeads @PropellerSwap]

Trade new stocks and memes before anyone else on @RobinhoodCrypto.

Routers index tokens only minutes, hours, or days after the pool is up.

Fynd indexes and routes new ERC-20 tokens seconds after they deploy.

Run your own router. Trade instantly.

[PropellerHeads @PropellerSwap]

Get your first Fynd quote in 40ms without the local setup.

It's now one API call away.

Message '@fynd_portal_bot' on Telegram to get your key and start in minutes.

[PropellerHeads @PropellerSwap]

Tycho Community Call is tomorrow with:

@cryptoquantHQ of @titanbuilderxyz analysing propAMM data

@kurt__larsen sharing how @rhinestonewtf owns routing with Fynd

@foflexity on using Fynd to improve speed & prices of @flashnet's cross-chain swaps

✳️ https://t.co/5vjdPIrRr2 ✳️

[PropellerHeads @PropellerSwap]

You already spend the time. You just don't get paid for it.

Turbine. Get paid to wait.

[PropellerHeads @PropellerSwap]

🌶️

[PropellerHeads @PropellerSwap]

Publishing Turbine's Audits with @trailofbits

Full audit reports ↓

[PropellerHeads @PropellerSwap]

https://t.co/5BFyiy1Xy0

[Markus @haikane]

All AMMs, RFQ, propAMMs for every block from the first AMM until now have always been a bookmap.

You just couldn't see it.

[PropellerHeads @PropellerSwap]

Quoting Curve is hard for aggregators.

It's now easy for Fynd: Native Rust implementations for every large @CurveFinance pool went live in Tycho today.

Quote on Curve pools in ~13.8µs instead of ~4.18ms (~300x faster).

[PAB ⛓️ @pabenomics]

https://t.co/z6zd7MidlH

[PropellerHeads @PropellerSwap]

This is Turbine.

[PropellerHeads @PropellerSwap]

Turbine is not only for trading slow.

You can now also trade fast (settle in 12s - 100s). ⚡️

Select "Now" and match P2P with sitting orders and DEXs in Turbine.

Protected by the same speedbump, TEE, and uniform clearing in batches.

Just faster.

[PropellerHeads @PropellerSwap]

Uniswap interviewed Turbine in their newsletter this week and asked some spicy questions.

"Exchanges are built for arbitrageurs first, and traders second. Turbine flips this."

--- Uniswap Builder Update Newsletter ---

Turbine is a trustless batching exchange from Propeller Heads, the team behind Tycho. Orders track the market, stay private and MEV-protected, and settle in batches through a native solver running in a TEE.

It uses Uniswap two ways: Turbine’s own liquidity lives in a Uniswap v4 hook (Turbine LP), and it routes through the rest of Uniswap’s liquidity (v2, v3, v4, and other hooks) via Tycho.

We caught up with Propeller Heads founder and CEO Markus Schmitt to dig into how it works, and what it unlocks for onchain trading.

> One thing that you’ve said when talking about Turbine is that exchanges are built for arbitrageurs first, and traders second. What made you want to flip this?

Traditional exchanges earn by selling speed, data, access, and other advantages to professional market makers. In that model, takers become the product and makers become the clients. That’s rational for exchanges because makers can price those advantages and will pay for them.

In DeFi, takers finally look closely enough and act rationally enough that it pays to build for them. Once you build for takers, a new design space opens up. You can make trading cheaper by removing expensive intermediaries from the exchange.

> DeFi has spent years optimizing for speed, but Turbine is kind of built on the opposite bet: a speedbump buys traders a better price, good things come to those who wait :).

What did you see running solver infrastructure that convinced you the speed obsession was actually working against traders?

The focus on speed was driven by the TradFi HFT narrative, which traditional exchanges have an incentive to maintain, and by meme coin traders, for whom every second counts.

Outside those use cases, most traders already trade slowly. The market already behaved this way; the narrative just lagged behind.

> There’s a thesis layered under Turbine that’s bigger than better execution: that markets should be built for traders first. If what you’re building works, what’s the change in DeFi that you want to see?

Today, DeFi volume is still dominated by professional trading firms doing arbitrage. This is backwards. Markets should be dominated by takers.

DeFi is the right place for that shift to start, especially on Ethereum, whose whole point is to reduce rent capture and intermediation. Blockchains provide the verifiable, trustless coordination taker-driven markets need.

Not everyone wants to trade the same assets at the same time, so the market has to coordinate trades across time and assets. That is what blockchains are good at.

If we do this right, traders across many asset classes will come to Ethereum because they pay lower fees and the market is built in their favor. DeFi can play to its strengths here, and that can become an important difference from CEXs and traditional exchanges.