
DEX/ACC: Evolving Stack of AMMs
IntroductionThose of us who have been here since the DeFi summer have seen how fast the AMM/DEX space has evolved. From a basic AMM like Uniswap v1 to concentrated AMMs to the rise of solver protocols like Uniswap X and 1inch Fusion. We have seen everything. This is my attempt at connecting the dots between disparate initiatives in the AMM world and presenting a coherent narrative of where we are going. Most people have started calling it DEX/ACC, so I am gonna go with this. The result is a s...

DEX/ACC: Evolving Stack of AMMs
IntroductionThose of us who have been here since the DeFi summer have seen how fast the AMM/DEX space has evolved. From a basic AMM like Uniswap v1 to concentrated AMMs to the rise of solver protocols like Uniswap X and 1inch Fusion. We have seen everything. This is my attempt at connecting the dots between disparate initiatives in the AMM world and presenting a coherent narrative of where we are going. Most people have started calling it DEX/ACC, so I am gonna go with this. The result is a s...

A51 Finance: AMM With Liquidity Shaping Intents On Uniswap V4
Problem StatementToday, the average AMM liquidity provider loses more money than they make in swap fees. In most cases, they are better off holding on to their capital than providing liquidity. Liquidity providers operate in the dark.The lack of tooling makes it difficult to monitor and operate positions effectively.LPs can only place static liquidity positions that need manual updating.Deep liquidity for tokens is a public good in DeFi. It allows us to get our favorite tokens in a decentrali...

A51 Finance: AMM With Liquidity Shaping Intents On Uniswap V4
Problem StatementToday, the average AMM liquidity provider loses more money than they make in swap fees. In most cases, they are better off holding on to their capital than providing liquidity. Liquidity providers operate in the dark.The lack of tooling makes it difficult to monitor and operate positions effectively.LPs can only place static liquidity positions that need manual updating.Deep liquidity for tokens is a public good in DeFi. It allows us to get our favorite tokens in a decentrali...
Uniswap Fees Comparison on Ethereum vs. L2s
In the past couple of years, Uniswap DAO has deployed univ3 on many L2s. Liquidity Providers should have more data about which L2s have been the most profitable for specific token pairs. This is our attempt to demystify some of it. Chains tracked: Ethereum Arbitrum Optimism Polygon Base Celo BNB and Avalanche were not included in this research due to their being their own L1 chains. In this research, we first took the top pools from each chain and made the common top pools part of our researc...
Uniswap Fees Comparison on Ethereum vs. L2s
In the past couple of years, Uniswap DAO has deployed univ3 on many L2s. Liquidity Providers should have more data about which L2s have been the most profitable for specific token pairs. This is our attempt to demystify some of it. Chains tracked: Ethereum Arbitrum Optimism Polygon Base Celo BNB and Avalanche were not included in this research due to their being their own L1 chains. In this research, we first took the top pools from each chain and made the common top pools part of our researc...
A51 Tokenomics 2.0: Voted-Escrow + FOO
BackgroundLiquidity mining first came into being in the DeFi summer back in 2020/21 when projects would start incentivizing their community members to add liquidity into a DEX in exchange for the project’s native tokens. It lasted for as long as the so-called summer lasted and once the bubble burst, it became expensive to keep giving out free tokens just to retain users. It became a zero-sum game between the projects to retain the limited capital that was available in crypto. To be fair, that...
A51 Tokenomics 2.0: Voted-Escrow + FOO
BackgroundLiquidity mining first came into being in the DeFi summer back in 2020/21 when projects would start incentivizing their community members to add liquidity into a DEX in exchange for the project’s native tokens. It lasted for as long as the so-called summer lasted and once the bubble burst, it became expensive to keep giving out free tokens just to retain users. It became a zero-sum game between the projects to retain the limited capital that was available in crypto. To be fair, that...
A51 Finance: Empower Your Liquidity. Tailored Strategies, Total Control
With the A51 token launch in the rearview mirror and the v3 launch a few weeks away, it’s time to question some of the assumptions and share my vision for the future. This post will focus on the thesis behind the protocol, explain the design philosophy behind it, and question some of the assumptions.V2A51 Finance (then called Unipilot), was launched as an experimental venture in 2021, soon after the launch of Uniswap v3 and its novel concentrated liquidity market-making feature. We aimed to d...
A51 Finance: Empower Your Liquidity. Tailored Strategies, Total Control
With the A51 token launch in the rearview mirror and the v3 launch a few weeks away, it’s time to question some of the assumptions and share my vision for the future. This post will focus on the thesis behind the protocol, explain the design philosophy behind it, and question some of the assumptions.V2A51 Finance (then called Unipilot), was launched as an experimental venture in 2021, soon after the launch of Uniswap v3 and its novel concentrated liquidity market-making feature. We aimed to d...