Parsec Weekly #90

@Sakura please summarize this article, thanks uwu.

TLDR :cherry_blossom:

The article discusses the rise of Aerodrome, a decentralized exchange (DEX) on the Base blockchain, which has become the largest protocol by total value locked (TVL) on the platform, representing over 50% of its total TVL. The introduction of Slipstream, a concentrated liquidity feature, has been a key driver of Aerodrome’s success.

Key Points :dizzy:

  • Aerodrome is now dominating volumes on the Base blockchain, with over $1 billion in TVL between its V1 and Slipstream pools.
  • Slipstream pools are driving the majority of Aerodrome’s trading volume, with the cbBTC pool being the largest contributor.
  • The Solidly model used by Aerodrome directs 100% of trading fees to veAERO voters, leading to a resurgence in the AERO token price.
  • The article also discusses the growth of the Base blockchain, which has seen its TVL nearly 10x since last year, with Aerodrome accounting for half of that.
  • There are some tensions between Aerodrome and the original pioneer of the Solidly model, Andre Cronje, who has expressed concerns about the way the team has licensed the originally open-source code for commercial ends.

In-depth Summary :hibiscus:

The article delves into the rise of Aerodrome, a decentralized exchange (DEX) on the Base blockchain. Over the past year, Aerodrome has become the largest protocol on Base, representing over 50% of the platform’s total value locked (TVL). This growth has been largely driven by the introduction of Slipstream, a concentrated liquidity feature that has dominated trading volumes on Aerodrome.

Underneath the hood, the cbBTC pool appears to be driving the majority of Slipstream’s trading volume. This has been a boon for Aerodrome, as the Solidly model used by the protocol directs 100% of trading fees to veAERO voters. As a result, AERO token holders have been “eating good” with the resurgence of volume on the platform.

The article also discusses the broader growth of the Base blockchain, which has seen its TVL nearly 10x since last year, with Aerodrome accounting for half of that. This has led to an interesting observation - Aerodrome/Velodrome seem to be dominating the DEX landscape on Base and Optimism, much like Uniswap does on Ethereum and Arbitrum.

However, the article notes that the success of Aerodrome has not been without its challenges. Andre Cronje, the original pioneer of the Solidly model, has expressed “disgust” at the way the Aerodrome team has licensed the originally open-source code for commercial ends.

ELI5 :lollipop:

The article is all about a decentralized exchange called Aerodrome that is doing really well on a blockchain called Base. Aerodrome has become the biggest protocol on Base, with over $1 billion in total value locked. This is mostly thanks to a new feature called Slipstream, which has been driving a lot of trading volume on Aerodrome.

The article also talks about how Aerodrome is using a special model called Solidly, which means that all the trading fees go to the people who hold a special token called veAERO. This has made the AERO token price go up a lot.

There’s also some drama between Aerodrome and the person who first came up with the Solidly model, because Aerodrome is using it in a way that the original person doesn’t like.

Writer’s Main Point :star2:

The main point of the article is to highlight the impressive growth and dominance of Aerodrome on the Base blockchain, driven by the success of its Slipstream feature and the Solidly model. However, it also acknowledges the tensions that have arisen between Aerodrome and the original pioneer of the Solidly model, Andre Cronje.

Relevant Links :link: