Another week, another trading milestone on Dexter.
08 Jan 2024, 16:50
Another week, another trading milestone on Dexter š¤
The first week of 2024 saw ~$520k traded across the $XPRT $ATOM #stkATOM $DYDX $PSTAKE $USDC $USDT pools.
The highest ever week by trading volume since launch š¦¾
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Same news in other sources
108 Jan 2024, 17:05
LIVE FOR VOTING:
72 hours - done 11 am Jan 11th EST
- [SIP-32] - Allocation for 2M ARB STIP Grant :
Pros/Cons for options:
The main tradeoff is to give incremental rewards to bridgers (incentivize short term user growth) versus more rewards towards fillers (which should make rfq more robust and decentralized).
A good way to think about this is that spending $X on RFQ bridger rebates should incentivize $Y volume (and thus fees). We can do some simple math to make estimations here but once rebates run out, you are left with the fees from that volume and any increase in DAU. Increasing the pie for RFQ fillers means that more RFQ fillers will be run during the course of the program, and can make bridging even cheaper and faster (as fillers compete to give the best price). Scaling a filler ecosystem is non-trivial since running a filler requires some fixed cost and active management. These subsidies should go a long way to encouraging a robust ecosystem of fillers.
- [SIP-33] - Deprecating Avalanche ".e" pool:
new pool: (circle) USDC - USDT - nUSD :
LIVE FOR VOTING:. 72 hours - done 11 am Jan 11th EST. - [SIP-32] - Allocation for 2M ARB STIP Grant :. Pros/Cons for options:.
LIVE FOR VOTING:
72 hours - done 11 am Jan 11th EST
- [SIP-32] - Allocation for 2M ARB STIP Grant :
Pros/Cons for options:
The main tradeoff is to give incremental rewards to bridgers (incentivize short term user growth) versus more rewards towards fillers (which should make rfq more robust and decentralized).
A good way to think about this is that spending $X on RFQ bridger rebates should incentivize $Y volume (and thus fees). We can do some simple math to make estimations here but once rebates run out, you are left with the fees from that volume and any increase in DAU. Increasing the pie for RFQ fillers means that more RFQ fillers will be run during the course of the program, and can make bridging even cheaper and faster (as fillers compete to give the best price). Scaling a filler ecosystem is non-trivial since running a filler requires some fixed cost and active management. These subsidies should go a long way to encouraging a robust ecosystem of fillers.
https://snapshot.org/#/synapseprotocol.eth/proposal/0xb8eb8129204fa12d49fcb6494660c845f38bd2c300fc6b83a27eb0f8bfa12b02
- [SIP-33] - Deprecating Avalanche ".e" pool:
new pool: (circle) USDC - USDT - nUSD : https://synapseprotocol.com/pool/avalanchenusd
https://snapshot.org/#/synapseprotocol.eth/proposal/0xc650ff083da7d92681dbe0308cc32c55cfadccc11188b9115167e61e6afc1d80