I think weโre at a pretty interesting point in the cycle.
Most of the builders from the last cycle have become irrelevant, and weโre going to see more and more interesting profiles emerge as Ethereum evolves.
@RiskFDN is here to capture that and ride this new wave.
Many people have asked me why liquidity appears low, and why we see very little liquidity.
To put it simply, the liquidity is held in the hook contract; the small amount of liquidity visible in the pool is used to provide the band, which accounts for approximately 10% of the total liquidity.
When a swap occurs, liquidity is drawn first from the band and then from the hook.
Why store liquidity in the hook?
To be able to loop ETH on Aave while maintaining a native, non-synthetic asset.
Link : https://t.co/HpDlEmhVXP
Not just a leveraged asset... a V4 hook that builds the leverage for you.
Every buy loops ETH through Aave, up to 3x, locked at creation. When ethereum:native moves, ELA assets move up to 3x too.
The best place to trade is https://t.co/0ZYHbvsobO.