@bassel_amin its a simple transaction ledger, you only need to export api from exchange and monitor wallets, all of this can be easily done with fable, just play with it for 1-2 days and you will have your own tax system for 100-200usd
All of the data supports this.
For example, Robinhood chain is the fastest chain in history to reach $100m in app revenue.
And it launched in the bear market lol.
Will only accelerate into the bull run imo.
Most people don't understand how veDEXs work. It's a very good model even if revenue exactly = emissions.
For example, if $UP earns $100 and emits $100 in emission, it's still a net positive for UP's long term investors (veUP max lockers).
That's because 100% of the revenue gets distributed to veUP lockers.
Currently about 66% of people locked as veUP and 34% is in circulation (in LPs or spot).
This means that people who locked would be getting about $1.52 per $1 of veUP if hypothetically there's $100 to be distiributed to $66 worth of veUP. (Since $34 of circulating UP doesn't get any).
Spot holders lose the most from dilution. The optimal way to play the game is to either LP (if trading short term) or to max lock (if investing long term).
That's why it's a (3,3) tokenomics. Long term believers win as long as the protocol grows over time.
UP is in a really great position imo because:
> Team is great.
> Dynamic emissions day 1 = much less inflation that older veDEXs.
> Team prob have a lot of unreleased products that will boost revenue.
> DEX volume on Robinhood chain will explode into the bull run, UP will capture a lot of that.
> Robinhood will be supporting builders, especially native protocols.
One of the best r/r in DeFi right now imo.
I’m bullish on both $UNI and $AERO.
But I’m only allocated to $UP right now because the stats are just too hard to ignore.
UP has been generating 12.92% of AERO’s revenue while being only 0.72% of AERO’s mcap.
That means UP can 17.94x to reach “fair value”. Even if you factor in higher inflation for being a newer veDEX, a 5-10x is reasonable imo.
Ofc the difference is even larger when comparing to UNI.
Most people haven’t even heard of UP yet.
Robinhood native project, built specifically for the chain
One of (the?) first real utility projects there
Consistently one of the chain’s top rev earners
Token actually useful
Re-tweeted by Robinhood Crypto
Doxxed and experienced team, good communicators
Bouncing up off long term trendline, higher lows
Almost past peak emissions; constantly stayed ~90% below the curve (tech works)
“No pre-announcements; updates drop when they drop”
Like up-2:native @uponrh here 🆙
🫴
Robinhood chain is the fastest growing chain in the history of crypto.
That’s why I’m allocated heavily into alts that benefit from DEX volume like $PONS, $DELTA, and $UP.
I’m also building a protocol that will benefit from this trend too. More info soon.
Time it right using the UP Compounder Vault for a period and then move your locked veUP into a liquid UP Vault and you will be earning your initial investment each month indefinitely.
That's 🧠 up-2:native
People are still fading Robinhood chain because they don’t actually look at the data.
RH chain is the fastest growing chain in the history of crypto with multiple metrics.
One of the most important metric for a chain imo is app revenue.
In the chart, you can see that RH only took 72 days to break $100m in app revenue.
Even faster than $HYPE L1 (HYPE is very very impressive since it’s one app lol).
In comparison,
BSC took 231 days.
Base took 282 days.
SOL took 764 days.
Yet many midwits still call Robinhood chain another dead L2.
That’s why I bet heavily on coins like $PONS, $DELTA, $UP, and $ZZZ.
Great r/r imo, market just don’t realize it yet. Nfa ofc, but I put my money where my mouth is.