Ariah Klages-Mundt (aklamun)

This chart perfectly captures @gyroscope's growth over the last two months. In particular on @base.base.eth. Gyroscope's Volatile Pairs, the new flagship product, are already generating $4M annualized swap fees and growing 130% MoM. And a lot more coming up.

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LP profitability is what matters when the token emission music stops. But almost everyone ignores it. For now. Gyro

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A strange occurrence in the aftermath of the flush out yesterday: EURC/USDC is trading at 1.143 but offchain FX markets price EUR/USD at 1.162 (some places quoting down to 1.158). Why, and which one is ‘right’? It's not so clear and actually a lot of uncertainty. One possibility: FX markets largely don’t trade on the weekend / after hours whereas EURC can be more easily traded anytime, so one possibility is that offchain prices are just stale and will follow EURC prices on Monday. I would ordinarily think this way, but the crypto flush out yesterday was a lot of turmoil that could still have lingering effects. Another possibility is that there is much less liquidity for EURC/USDC than EUR/USD with large frictions to sync in after hours. It could just be that EURC is heavily oversold by people who *had to sell yesterday* in the turmoil and when normal FX markets open on Monday, the greater liquidity will absorb it and find a different price.

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$GYFI is launched, but there's more on @gyroscope's roadmap. Coming shortly: - Dynamic Pools: make efficient LPing for Volatile Pairs even simpler - Volatile Pair 3-CLPs: 100% efficiency boost by concentrating liquidity across 3 assets (first of its kind)

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How superliquid is @Gyroscope? GYD is brand new on @base.base.eth and already turning over 3.8x its circulating supply in the last 24 hrs. With a swap volume of ~$700K. Demonstrating its ability as a uniquely liquid hub asset.

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And from another angle, Gyro monthly active users has grown 5-fold 15K → 75K Almost entirely from Volatile Pairs on Base https://x.com/ljfgudgeon/status/1890066476759236997

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How are @gyroscope's new Dynamic Pools doing? Here's ETH/USDC on Base measured by market making PnL (TVL-adjusted markouts). Noticeably the best performance for this pair at the pool level. And it serves passive LPs. Let's walk through what this means 👇 **Why markouts?** Markouts compare the execution prices LPs receive in a liquidity pool against the ‘true’ prices on CEXs. - Positive markouts means LPs are making a trading profit. - Negative markouts means LPs are leaking value to arbitrageurs.

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