Tokenomics Musings: ve tokens and alternatives
Token vote locking has been all the rage for quite some time now. Pioneered by Curve, protocols like Ribbon, Yearn, Hundred Finance and many more adopted the model. While there are definitely advantages, the downsides are rarely talked about. Instead, it seems like every week a new project team announces their switch to a ve token design, which is seen as a cure-all for everything from low TVL to bad price performance. Let me play d̶e̶v̶i̶l̶’̶s̶ bear’s advocate: What’s bad about ve tokens and...
Tokenomics Musings: ve tokens and alternatives
Token vote locking has been all the rage for quite some time now. Pioneered by Curve, protocols like Ribbon, Yearn, Hundred Finance and many more adopted the model. While there are definitely advantages, the downsides are rarely talked about. Instead, it seems like every week a new project team announces their switch to a ve token design, which is seen as a cure-all for everything from low TVL to bad price performance. Let me play d̶e̶v̶i̶l̶’̶s̶ bear’s advocate: What’s bad about ve tokens and...
GMX Deep Dive
A DeFi blue(berry) chip in the making?(this article was first published on Medium on January 5, 2022) GMX is a perp and spot exchange on Arbitrum with unique protocol mechanics and tokenomics.Demand-side: GMX offers traders decentralized derivatives, a highly-demanded product. BTC and ETH perpetual futures contracts have a monthly trading volume of ~$2T. In comparison, spot volume is roughly 7x smaller, with ~$300B per month. dYdX, the leading perp DEX currently facilitates ~$3B in perp tradi...
GMX Deep Dive
A DeFi blue(berry) chip in the making?(this article was first published on Medium on January 5, 2022) GMX is a perp and spot exchange on Arbitrum with unique protocol mechanics and tokenomics.Demand-side: GMX offers traders decentralized derivatives, a highly-demanded product. BTC and ETH perpetual futures contracts have a monthly trading volume of ~$2T. In comparison, spot volume is roughly 7x smaller, with ~$300B per month. dYdX, the leading perp DEX currently facilitates ~$3B in perp tradi...
