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https://warpcast.com/~/channel/fluidkey
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moritz 💧🔑
@moritz
this week’s highlight is @aerodrome, which has established itself as the leading DEX on Base it is built with a focus on code-based coordination and alignment between traders, liquidity providers, and token holders you can now claim your share of AERO in the /fluidkey app more below
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moritz 💧🔑
@moritz
to better understand the philosophy behind Aerodrome, the recent EthCC talk by core contributor @wagmialexander is a great place to start
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moritz 💧🔑
@moritz
in it, he describes how production systems governed by code and enforced by blockchains allow surplus value to be distributed to users https://x.com/AerodromeFi/status/1943359251566801130
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moritz 💧🔑
@moritz
Aerodrome is built on these principles, aiming to create a flywheel that accrues any and all surplus value to its AERO token
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moritz 💧🔑
@moritz
this contrasts with incumbent decentralized exchange Uniswap, which currently does not distribute any revenues to token holders
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moritz 💧🔑
@moritz
it is important to note however that Aerodrome is fueling its flywheel with AERO token incentives and its net earnings are negative currently
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moritz 💧🔑
@moritz
the Aerodrome blog is an excellent place to dive deeper into the thinking behind its tokenomics and sustainability much can be learnt from their success in using their token flywheel to bootstrap as late entrants in the highly competitive DEX category https://paragraph.com/@dromos/sustainability
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moritz 💧🔑
@moritz
we’re excited to follow along as they keep pushing at the frontier of DEX innovation, code-coordinated production, and token alignment see you next week!
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