When we initially launched in summer/autumn 2024 on Arbitrum and Base, we could convince only one single arbitrage-bot partner to use our liquidity (for NABLA-AMM arbitrage).
Why? Nabla’s pricing was extremely competitive already back then. But integrating Nabla at that time was complex, and our TVL and volumes weren’t big enough to convince DEX aggregators to put the required work in.

Yet the initial traction was still strong. But as the arbitrage landscape became increasingly competitive, our partner focused on other parts of their business instead of doubling down on this niche. As an effect, their arbitrage bot generated less and less volume for Nabla. And additional integrations - especially with DEX aggregators - didn’t materialize.

The breakthrough happened with our Berachain deployment in August 2025. The reason: gas was so cheap on Bera, that (in combination with further optimizations) we could afford to push our prices onchain into every block. And this use of chain-specific onchain prices, instead of a generalized offchain price API, has dramatically simplified integrations. At the same time, the rise of similar Prop AMMs on Solana (like e.g. HumidiFi) gave us tailwinds and opened the doors to aggregator adoption more widely.

We first tested this new concept on Berachain, with Ooga Booga as DEX aggregator partner. More recently, we expanded to HyperEVM and Monad - and the results have been outstanding.

As of now, there are still just two DEX aggregators using Nabla as liquidity source (Ooga Booga on Berachain and HyperEVM, and 0x on Monad). Yet even with very modest TVL, Nabla already accounts for 10–25% of all their volumes on those chains.

This success has as well allowed us to finally switch on protocol fees in October - on Berachain and HyperEVM, 30% of the collected swap fees are now going to the protocol treasury (and are being used for biweekly buy-backs of $NABLA).

And this is just the start: we have a long backlog of incoming additional aggregator integrations in the weeks or months ahead.

The onchain price model can come with significant gas costs, which has so far prevented us from rolling out the same changes on Arbitrum and Base. But now that the 0x integration on Monad is running smoothly, we’re ready to test the upgraded model on those two chains as well.

The outcome of this test - Backstop Pool profitability, Swap Pool APRs, and protocol fee generation (compared to the gas costs) will decide the future of the Nabla deployments there.

With a clear path towards sustainable volume growth and attractive organic yields, we are now phasing out $AMBER emissions for Swap Pools. In the future, $AMBER emissions may only be used here and there to reward Backstop Pool LPs on select chains.

Here are the changes:

• Base and Arbitrum Swap Pools:
  $AMBER emissions will end on Sunday 14th Dec 12:00:00 UTC

• Base and Arbitrum Backstop Pools:
  $AMBER emissions will for now continue until Thursday 1. Jan 00:00:00 UTC

• Backstop Pools (any chains):
  Future emissions may occur depending on pool performance and scaling needs.

Furthermore we have reduced the withdrawal delay times for BSP LPs to 14 days on all chains.

And yes - Season 2 of our $AMBER campaign has been running longer than expected. The challenging market environment and our earlier uphill battle played a large role in this. But we’ve now taken the decision: Season 2 will end at some point in Q1 2026, and there won’t be any further Seasons anymore.
So make sure to accumulate as many $AMBER as you can until then!

The next 3-4 months will be all about scaling volumes and fee earnings with additional liquidity taker integrations. After that, we’ll expand to new chains and release new asset pools. This phase is about serious growth, not incremental tuning.

That said, we have a long roadmap of improvements queued for later in 2026. For Q2, this i.e. includes:

• further pricing-engine optimizations (for further improved BSP profitability)

• reactive swap fees (for further improved BSP profitability)

• the second stage of our tokenomics rollout (incl. LP APR bonus for stakers)

2026 is going to be super-exciting - and we hope you’ll be on this journey with us!