ACELINEMAN

Optimism dropped $50k on early users. Base is 5x bigger than Optimism. We're talking $100k+ for wallets that qualify. Somewhere right now, someone is grinding Base protocols between shifts. No followers. No connections. Just consistent onchain activity. When the snapshot hits, that person walks away with six figures. Here is my playbook. Why I am convinced Base token will be huge. Let's look at the facts: → Base is the only major L2 without a token → Coinbase sitting on $6b+ in cash → Optimism average claim was $4k → Optimism TVL at snapshot was $300m → Base TVL at $15b → Base has 2m+ daily active addresses If the airdrop scales even slightly with ecosystem size, top wallets could easily see six figures. The median will probably be around $5k. The difference is how you position. What separates a $5k claim from a $100k claim. Single-protocol farmer get wrecked every time. Optimism rewards users who touched multiple dApps. Arbitrum multiplied allocations for ecosystem depth. The pattern is clear: airdrops reward ecosystem citizens, not one-trick farmers. If your wallet only knows one DEX and a bridge, your are leaving a lot of money on the table. Here is exactly how I am diversifying. Bridging to Base (the first signal). Your first onchain interaction matters. How you enter the ecosystem is data. What I am doing: → Using the official Base Bridge for at least one tx → Using third party bridges like Across or Stargate → Bridging multiple times across different weeks → Bridging different assets Don't bridge $10k in one tx and sit dormant. Bridge smaller amounts consistently over time. That's how real users behave. Wallet hygiene (don't get sybiled). This is where most farmers lose. Sybil hunters look for: → Wallets that bridge, hit one protocol and stop → Wallets with identical tx patterns → Bursty activity follower by nothing → Round number transactions (100, 200, 1000) How to look human: → Irregular tx amounts ($126 instead 100) → Activity spread across weeks and months → Different times of day → Engage with random small protocols → Different activity patterns on different wallest One clean wallet with deep ecosystem activity will outperform 20 sybil flagged wallets every time. Base App (@baseapp). If you don't have a code yet, let me know and I will send you one. Base App has multiple functions: → Posting → Trading → Mini apps (which are actually really dope) → Earning for posting How I would play it: → Post daily content → If you want make swaps, use the app sometimes → Use the mini apps like the one from @RemixGG_ → Engage with other people → Buy some very low cap posts worth few $ and hold I think in this case the most important factors will be trading volume and buying posts of others. Zora (@zora). This one is actually pretty straightforward. Use the app daily, post content daily, and buy some creator coins. I don't trade on Zora, I just bought some coins and am holding. The play here is consistency over size. Daily engagement > one big purchase. Aerodrome (@aeroxyz). Aerodrome is THE liquidity hub of Base. If any protocol gets a fat allocation of Base tokens to distribute, it is this one. On Optimism, Velodrome received HUGE amounts of $OP tokens to incentivize pools and rewards $VELO lockers. Aerodrome is the Base equivalent. I am 100% sure they will get a big chunk of Base tokens for $AERO lockers. Providing liquidity: You can either provide liquidity on stable or on volatile pairs. I usually go with volatile pairs for higher APR. Don't set the range too tight, or you will have to adjust multiple times a day and suffer IL. Let's say you want to farm the ETH/USDC pair. In a 100$ range, the pool offers around 980% APR right now. That's actually huge given the fact that $AERO is close to its bottom. Locking and voting: If you want to spice it up even more -> use Aero rewards -> lock them -> vote weekly and receive bribes -> sell the bribes and compound into your LP This creates multiples touch points: LP provider + locker + voter. That's three activities in one protocol. Bonus strategy. To avoid losses in case ETH dumps, look for a perp DEX that offers airdrop points. The play: → 1x short ETH on a points-farming perp DEX → If your LP positions goes down, your short goes up → You will have to manually adjust positions → You are farming two airdrops plus LP rewards You can do the math on position sizes with AI. Three birds, one stone. Lending (the heart of DeFi). You 100% want to have some stables deposited into lending protocols. The bigger the protocol, the more likely they will be included in Base token distribution criteria. My picks: → Morpho (@Morpho) → Wasabi (@wasabi_protocol) → Moonwell (@MoonwellDeFi) Don't just deposit and forget. Borrow against your positions occasionally. Use the borrowed funds elsewhere. Create loops. More activity = more $ Perps and prediction markets. Base has chain native protocols for both: → Avantis (@avantisfi) for perps → Limitless (@trylimitless) for predictoors Both have a running airdrop campaign right now. Even if you are not a heavy trader, opening a few positions over time creates more activity. Does not need to be big size, just consistent. Trading Base tokens. This one is straightforward. Just make sure you don't wash trad. That gets flagged instantly. There are many great tokens on Base you can buy and hold. But at the same time, I think volume will play a role. This is the easiest part to farm the airdrop, so I think your allocation won't be too big just from trading alone. The play: → Use Aerodrome or Base App for swaps → Buy some Base native tokens you actually like → Swap between different assets occasionally → Don't just hold -> create activity NFTs (actually dead or?). Don't sleep on this. Optimism and Arbitrum both factored NFT activity in their criteria. What I would do: → Mint BASE native NFTs → Buy a few cheap NFTs from different collections → List some for sale → Use different marketplaces Does not need to be expensive. A few $5-$10 purchases spread out over weeks is enough. Deploying smart contracts (the most important). I would not use any deployer here. Instead, try to build something nice yourself. It can be a simple lottery or an NFT project. With AI, it will take you maximum one day to deploy something. If you are good at prompting, you could even deploy a mini app on Base App, that would give you the biggest boost imo. Why deploying is so important: → Very few wallets deploy contracts → Shows developer level engagement → Airdrops have historically rewarded builders Even a basic contract puts you in a tiny percentile of users. Capital allocation (example with $1.000). If I had only $1k to deploy for Base farming, here is how I would split it: → $400 Aerodrome LP → $150 lending → $100 Zora → $100 Base App → $50 NFTs → $150 Trading → 50$ perps (just for activity) You can adjust based on your risk tolerance and capital. The point is diversification not concentration. Timeline and consistency. Burst farming won't work. Sustained activity is what matters. My approach: → Touch Base at least 3-4 times per week → Rotate between protocols → Keep activity going for months, not days → Assume snapshot could be anytime - start now! The wallets that get top allocations won't be the ones who showed up for one week and only traded meme coins. They will be the ones with long consistent activity. Priority ranking (if you are short on time). If you can only do a few things, prioritize in this order: 1. Smart contract deployment 2. Aerodrome LP + locking 3. Lending 4. Base App 5. Bridging 6. Zora 7. Trading 8. Perps + prediction markets 9. NFTs The top 50% will cover 80% of your allocation. The rest ist optimization. Bottom line. Base is the most obvious airdrop setup we have seen since Hype. Coinbase backed. Massive TVL. No token yet. Every signal is there. Some of you will screenshot your claim and move on. Others will claim life changing money. The difference is what you do over the next few months. The window is open. The playbooks is here. Execute now!

Metadex03: The @aeroxyz evolution of onchain exchange Infrastructure @DromosLabs just shipped what might be the most comprehensive DEX update this cycle. This isn't a UI refresh or a minor optimization. This is a fundamental architectural upgrade that changes AMM economics, institutional-grade onchain trading and revenue distribution. The basics: DEXes capture up to 1.5b revenue. Let's start with the baseline. Exchanges, as a business category, sit at ~$1.5B in value creation. The question Metadex03 answers is simple: what happens when you build that infrastructure 100% onchain, with native composability and algorithmic optimization? The answer is: you get something that looks nothing like traditional DEX economics. Revenue engine: From single stream to ecosystem play. Metadex02's limitation was architectural. Revenue came from three sources: liquidity fees, launch payments, trading fees. Metadex03 reverses this: introducing REV and AER REV: capturing more revenue • DEX aggregator fees • Cross-chain bridging • Liquidity management services • Frontend fees • Secondary marketplace • Auto-compounder mechanisms • Token launches • Trading fees All of this revenue is shared in one or another way (weekly rewards, buybacks and burns) with $AERO lockers. AER: algorithmic reward optimization This is where it gets interesting. Dromos built a system that continuously changes LP rewards based on onchain market dynamics in real-time. Optimized Rewards: The system maintains Metadex03's reward APY consistently higher than competitor DEXes. Backtesting shows up to 50% higher rewards than alternatives. Surging Rewards: The system simultaneously reduces emissions so you're not just printing tokens to pay LPs. It caps overpayment and normalizes reward distribution. The math on AER and REV is incredible: Revenue increase: +40% (REV engine) Emissions decrease: -25% (AER engine) Result: 2.8x more value creation for token operators. Current inflation is 5.7% accounting for locks. With Metadex03, it drops to 85% lower than current levels. Last year for reference: $258M revenue against $184M net emissions. That's $74M net value. With both engines running? $211M net revenue. Slipstream V3: Improved AMM Infrastructure Internal MEV Auction: Allows MEVs to bid for a no fee swap, generating additional revenue. This could drive additional tens of millions in annualized revenue shared with token operators. Institutional Economics: Citadel and Robinhood style? • Fee rebates for institutional volume • Orderflow payment mechanisms • Superior execution guarantees at all times • KYC-verified institutional pools This changes the narrative. Institutions aren't choosing between onchain and TradFi liquidity anymore. Supporting Infrastructure Metaswaps: Cross-chain aggregator optimized across the entire EVM. Not another bridge. Not another wrapped token solution. An aggregator that thinks systemically about cross-chain execution. Autopilot uptade: Now optimizes voting across all pools, claims from any chain, compounds automatically, or swaps to any asset. The Unification (lol): Aero, the unified network Velodrome and Aerodrome are merging. One token. One network. One unified liquidity layer across the entire EVM. The new ticker: $AERO. New playing field Ethereum Let's look at what this means economically: • Before: $5B TVL split across Base and Optimism superchain. $55B monthly trading volume. • After: Targeting $75B TVL across Ethereum mainnet and all connected chains. $200B+ monthly trading volume. Launching becomes trivial • Deploy in one minute directly on Aero. No complex setup. No deployment delays. • Automatic graduated rewards. Fresh launches immediately qualify for Aero incentive mechanisms. • Your pool builds liquidity organically. • No hidden fees. Everything is transparent and onchain. For projects, this becomes the default launchpad. For LPs, this becomes the default ecosystem to find the highest-quality launches with native Aero rewards. Value Consolidation: Single Token, All Revenue Every revenue stream, from every protocol, every chain, every interactio flows back to $AERO This solves the problem that plagued DeFi tokenomics: fragmentation. You're not spread across five tokens trying to capture value. You're all-in on a network that captures everything. The momentum fund: Market stabilization through mechanism design Dromos is building automated token stability mechanism. The Momentum Fund operates a countercyclical buyback and burn: • When $AERO dips: Buy back tokens from the market. • When $AERO rallies: Burn tokens from the treasury The math compounds: with the Momentum Fund, projected net value for token operators increases from $211M (Metadex03 alone) to $294M. That's a 3.9x multiplier on token holder value vs. current economics (note: these projections are backtested) Timeline and Home Base Q2 2026 launch. Base remains the home of Aero. By then, Metadex03 will have been live. You'll have real-world data on REV and AER engine performance. Institutional integrations will be established. You are not holding enough $AERO Congratulations to @jack_anorak @wagmiAlexander and whole @DromosLabs team for this banger of an event!

Uniswap Unification vs Aerodrome: Two Visions for Protocol Value Capture. Uniswap just proposed "UNIfication", protocol fees activation, 100M UNI burn, a 20M UNI annual growth budget. It seems to be very bullish especially for token holders. The Uniswap play: cut LP fees from 0.30% to 0.25% on major pools. That 0.05% goes to a UNI burn. Then layer in Protocol Fee Discount Auctions (PFDA) where traders bid $UNI to reduce fees further -> more burns. There is only one problem: LPers won’t stay if they can get better yields elsewhere. The math that should worry you: • LPs lose 0.05% baseline fee on every single trade they facilitate • Uniswap predicts PFDA will return $0.06-$0.26 per $10k traded in MEV capture • But PFDA is optional. It only works if traders actively bid for discounts • If trading volume is slow or PFDA demand is weak, MEV returns disappear • Meanwhile, LPs are leaving money on the table: 0.05% of every trade goes to the burn, not their pocket LPers are ruthless about capital allocation. They move liquidity to wherever the yield is highest. When you cut their baseline fee by 0.05%. The risk Uniswap is taking: LP migration to competing DEXes like Aerodrome, where the fee structure is more straightforward and rewards are guaranteed. Here is where it gets competitive: Aerodrome doesn't cut LP fees. It adds to them through bribes (emissions). When a protocol wants to incentivize a pool on Aerodrome, they don't reduce LP take, they increase it through external bribes on top of the base trading fees. LPs on Aerodrome/Velodrome earn: • Base trading fees (0.25-1% depending on pool tier) • Plus bribes (sometimes $300K+ weekly on major pools) • Plus rebase rewards for locking (if they're veToken holders) The scenario that breaks Uniswap: If PFDA returns average $0.10 per $10k traded but the 0.05% fee cut represents $0.15 per $10k, LPs are net negative. Even if Uniswap has $4 trillion in historical volume, modern LPs don't care about the past, they care about APY today. If Aerodrome offers better yields, liquidity moves. It's that simple. And it's not just Aerodrome. Every L2 DEX for example Velodrome on OP, Camelot on Arbitrum, Butter on any new chain, suddenly looks more attractive if Uniswap's LPs are getting squeezed. The Aerodrome model: Aerodrome offers everything to $AERO lockers. • 100% of trading fees + 100% of bribes go directly to veAERO holders. • No burn mechanism because it doesn't need one. • ~30% of revenue is used to buyback and lock AERO tokens. • 1.7B total supply, 878M locked (49% lock rate, the highest in DeFi) • $425M total revenue distributed to token holders (fees + bribes combined) • Weekly emissions: 3.7M tokens (~0.22% of supply) • Around 5.7$ real inflation (gold has 2-3% inflation) The LP migration mata: Historical precedent shows the Risk Here's where real protocol migration data gets scary for Uniswap. When LPs face fee/reward changes, their behavior is predictable and measurable: Uniswap V2 → V3 migration (May 2021): • When V3 offered 2.6x higher returns (stablecoins in 1-bp tier): LPs migrated fast (weeks to months) • When V3 offered ~54% better returns on average: Volatile pair LPs moved quickly; stable pairs took 6+ months • When V3's 5-bp tier underperformed V2 by 68%: Virtually no LP adoption to that tier What this proves: LP sensitivity follows a measurable pattern based on return differential: • High sensitivity (40-50% migration in 3-6 months): return differential > 50% • Medium sensitivity (20-35% migration in 3-6 months): return differential 20-50% • Low sensitivity (5-15% migration): return differential < 20% The Velodrome precedent (Most Relevant): Velodrome didn't beat Uniswap on Optimism through better tech or UX. It won through: 1. Guaranteed bribes 2. No fee cuts (LPs kept 100% of trading fees) 3. Predictable yields Result: Velodrome captured 2x the TVL and 5x the tokens of every other DEX on OP combined. The scale of the risk: If 10-15% of LPs migrate to Aerodrome due to the 20% (0.05% = 16.7% less fees) return differential: • $45-57 billion in potential LP migration (based on current Uniswap TVL) • But more realistically: 2-3% of TVL (~$5-10B in actual migration) That would mean ~$100-150M in annual fees flowing to Aerodrome instead of Uniswap LPs. For mainnet specifically (the biggest pool), a 10-15% migration would be billions in liquidity. But realistically, if Aerodrome launches on mainnet I would expect 40-50% migration which would tripple the annual rewards vor lockers. In general I think it a good move for Uniswap to give back something to holders of the token and you can see the market reacted very well. Now we have to wait and see if Aerodrome going to launch on mainnet and if LPers will move their liquidity to higher fees.