MVP

The cool thing about this is that these earnings are generated via a mixture of internal volume and external markets moving, and completely separate to the revenue the protocol makes from taxes. Current tax revenue is ~$340k on ~$9m in volume, with ~$240k of that being paid to stakers of $MOTION and a further ~$81k being used for buyback-and-burn. Multiple revenue streams all correlated and accruing that value back to the token and its holders. 🏭🏭🏭

Just over 7 months since @fffactoryhq launched and finally our pools are routed through Jupiter. Lots of people asked me back then (and still do) why i'd choose such a difficult route for the project. It's simple. The focus is, and always will be, to build the highest quality financial asset I believe I can build over a long timeframe. Owning the entire stack creates issues short term especially in distribution, but over the long term it gives us flexibility and potential for optimization and improvement that no other project has. I believe that will be crucial moving forwards given the acceleration of tech development. Long term games with long term people.

there's so many design decisions that went into @fffactoryhq mechanics that people don't see or understand properly, but will become so much clearer as we continue growing: - one of, if not the only, tax tokens in existence where it's possible to buy/sell at fair market value whilst still paying the tax - closed loop, custom infra that front ran a huge swathe of issues we've seen elsewhere (from stonk tokens taking taxes and dumping them, to vampire LPs ruining V4 mechanics etc) - variable taxes designed to productively harvest as much volatility as possible (because you can't be a liquidity layer AND charge high fees on your pools, so you need to be as efficient as possible in capturing what you can guarantee) - a sustainable yield system that can put up crazy numbers when the attention is there, and still remain standard tradfi competitive when attention dwindles (whilst also being completely separate to the mechanics that perpetually grow TVL/deflate supply) gonna drop an article soon going more in depth into how these things work under the surface + why they were chosen to work like that the factory is, unironically, just getting started

early days ofc but some stats from last 7D of @fffactoryhq now that multi-pool + internal arb is live: $121k trading volume $60k of that was our own internal arb bot liquidity growth rate at ~10% annualized actual yield at ~4.2% APR (paid out in SOL) ~0.3% of total MOTION supply removed from circulation. none of these numbers scream 'holy fuck', until you realize that they are scaleable (if not even better) at ridiculous levels of TVL an asset where its value increases faster than the risk free rate, pays a yield, is continually deflating in supply, is continually being backed by ever deepening liquidity AND gives you exposure to multiple different asset classes? maybe i'm biased but that's a damn good candidate for a store of value

Thanks to the @fffactoryhq setup, every single one of these pools is working with the others to compound and accrue value. If anyone one of those assets listed changes price against the others then the internal arb captures the spread and: - Deepens liquidity (increases K in the xy=k equation for LPs) - Deflates supply (uses the arbitrage profit to feed the carnage fund) - Compounds TVL -> the amount of each of these tokens held in the LPs will continue to grow due to the annual growth rate of harvesting volatility -> more tokens in the LPs mean larger arbs -> repeat. All of this is happening, and will continue to happen, even if nobody buys/sells/interacts with the protocol in any way.

$25k volume through @fffactoryhq in the last 24hrs. $9.5k of that was from our internal arbitrage system. Out of that $10k, the system made ~$380 in profit which was added back into the pools as double sided liquidity (we could also use it for buyback/burns if we wanted). If you aim to run LPs against multiple different quote assets at any real level of depth/volume then the ability to capture the spreads between them and retain that leakage is essential.