Aerodrome’s Big Upgrade | Alexander Cutler
Episode publishedPodcast: 0xResearch0xResearch
Transcript preview
Preview only
Nothing set on Xerox Research is the recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Bocaccio, Ryan, and our guests may hold positions in the company's funds or projects discussed. What's up, guys? Welcome back to another livestream of Xerox Research, the first one of the new year. And today, we're joined by Alex from Dromos Labs, the company labs team behind Arrow now changed. Yeah. Originally, Arrow Drom Belgium. How you doing Alex?
Doing well. It's my first pod of the new year here too. So I feel like I'm shaking off the cobwebs a bit here. Thanks for having me on.
Good. Thank you for coming on. I guess just to start us off, why did you guys decide to change it to Arrow? Is it a good way to go?
Yeah, I mean if you think about the journey we've been on, right? Everything sort of started with Velodrome on OP Mainnet and Velodrome quickly became sort of the leading exchange on OP Mainnet and then it's of course expanded across now 10 different super chains and it leads across almost all of them. Know it also meant we launched Aerodrome which quickly became the leading exchange of base, but that was a huge deal because base is the L2 of Ethereum these days so it was no small thing. And so I think as we began to think about the future, Metadex three is kind of a major upgrade to what we t
Very good. I think I I agree with Jesse and with you as well. I like the Aronim. Although I did really like the Velodrome branding as well. Like, the bicycle was very, very cool. Is there anything that, I guess, like, thinking about it, VE Velo stakers got Arrow token. So there isn't anything functionally changing in terms of, like, revenues and everything. Right? How's it going?
Correct. Correct. Yeah the initial distribution is basically benchmarked on previous year revenue of the two protocols. So if you assumed right that the only thing that we announced last November was the two protocols coming together and we announced a lot more expansion into new markets, major upgrades to the technology, the economics, but if it was just the merge and you were to benchmark your distribution of the revenue of the two protocols based on that past year, everybody's claim that the pie would be the exact same. So Arrow, V E Arrow, and Arrow tokens are getting dropped proportionate
That makes sense. You mentioned Metadex three a few times. At a high level, because I wanna dive deeply into each section, what are the changes? So it's expansion into new chains as well as a few other things. What are they?
Yeah, so I mean we think MetaDEXO three is kind of the end game of the DEX design, spot exchange design that will finally unify liquidity across all of Ethereum. So there's a few key features probably worth hitting on here. One is the AIR and REV engines and so these are basically big changes to the economics of the protocol which we think are already the best economics in the industry. I mean Arrow led all DEXs last year in revenue by a substantial margin and even if you look at you know the sort of back testing of the fee switch on Uniswap, it would lead it significantly even if it had been
Perfect. I there's a lot there. I guess, Daniel, unless you have a first question I wanted to ask about.
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.