dromos

dromos

dromos

Discover card cover image
Part 5: On Alignment
Blog icondromos
Apr 24
How should those who build and maintain decentralized systems be compensated, and how can we ensure their incentives remain tightly coupled to the long-term health of their organizations? This challenge, which we call the Alignment Trilemma, has long shaped institutional design. But in traditional systems, the tradeoffs are structural and persistent. As a firm scales, it almost inevitably deprioritizes one of these groups—and it’s rarely the teams. Decentralized systems offer an opportunity to
DoroshinAnton.eth
4 collected
Discover card cover image
Part 4: On Sustainability
Blog icondromos
Jan 24
The MetaDEX continuously rewards active participants, aligning liquidity providers and tokenholders around the DEX’s future success. Meanwhile, a programmatic, immutable emissions schedule prevents reckless over‑issuance, and the built‑in cushion against downturns averts catastrophic liquidity collapses. In this way, “overpaying” in emissions doesn’t become a liability; it becomes a rational investment in the protocol’s long‑term trajectory.
1 collected
Discover card cover image
Part 3: On Issuance
Blog icondromos
Nov 15
A new decentralized onchain economy is being created, supported by blockchains and decentralized protocols that unlock new and competitive financial and organizational structures. A new paradigm requires new tools to consistently measure and evaluate these systems. In Part 1: On DEXs, Dromos examined the evolution of decentralized exchanges, demonstrating how models to date have not effectively solved for the DEX Trilemma. In Part 2: On the Token, Dromos showed how the MetaDEX model solves fo...
Shutdown NielsNiels
6 collected
Discover card cover image
Part 2: On the Token
Blog icondromos
Sep 4
Kicking off this series on the MetaDEX, Part 1: On DEXs breaks down the business model of a Decentralized Exchange (DEX) and outlines the core challenges leading DEXs have faced. The MetaDEX’s primary design change to address these challenges has been economic, and central to this change has been the token design. To introduce the MetaDEX, it is best to begin by discussing the role of the native token in DEXs. As shown in Curve’s example, a native token can have several key uses for a DEX. It...
Discover card cover image
Part 1: On DEXs
Blog icondromos
Aug 17
AMM DEXs: the foundations of DeFiHow DEXs workDecentralized exchanges (DEXs) are a wholly new implementation of liquid markets and a fundamental primitive of entire Decentralized Finance (DeFi) ecosystems. Unlike traditional centralized exchanges, which use a single entity to facilitate transactions and hold user funds, DEXs leverage automated market-makers (AMMs). AMMs allow trustless and permissionless token swapping. DEXs can play a pivotal role in growing the onchain ecosystem around them...
2 collected
Discover card cover image
The MetaDEX and DeFi: Introduction and Overview
Blog icondromos
Aug 17
The MetaDEX is here and has already seen successThe MetaDEX is the DEX model underlying Aerodrome and Velodrome, the central trading and liquidity hubs on Base and Superchain. It combines the best features of Curve, Convex, and Uniswap into one streamlined, powerful design. The MetaDEX’s efficient liquidity pools and incentive system allow protocols to build deep liquidity on their tokens while offering traders exceptionally low slippage swaps. Aerodrome, as an example, has distributed over $...
1 collected
Discover card cover image
Aerodrome
Blog icondromos
May 14
Aerodrome is a MetaDEX, combining the best of Curve, Convex, and Uniswap into a single streamlined protocol uniquely designed to serve as the primary trading and liquidity hub of the Base ecosystem. By bringing the most important primitives under one roof, Aerodrome offers protocols and users on Base a complete platform for liquidity attraction, yield farming, and low-slippage swaps.
dromos

dromos

Written by
0xc3BC...53d6

©️ 2025 Paragraph Technologies Inc

Privacy policyTerms of useDiscover great writing

dromos

dromos

Discover card cover image
Part 5: On Alignment
Blog icondromos
Apr 24
How should those who build and maintain decentralized systems be compensated, and how can we ensure their incentives remain tightly coupled to the long-term health of their organizations? This challenge, which we call the Alignment Trilemma, has long shaped institutional design. But in traditional systems, the tradeoffs are structural and persistent. As a firm scales, it almost inevitably deprioritizes one of these groups—and it’s rarely the teams. Decentralized systems offer an opportunity to
4 collected
Discover card cover image
Part 4: On Sustainability
Blog icondromos
Jan 24
The MetaDEX continuously rewards active participants, aligning liquidity providers and tokenholders around the DEX’s future success. Meanwhile, a programmatic, immutable emissions schedule prevents reckless over‑issuance, and the built‑in cushion against downturns averts catastrophic liquidity collapses. In this way, “overpaying” in emissions doesn’t become a liability; it becomes a rational investment in the protocol’s long‑term trajectory.
1 collected
Discover card cover image
Part 3: On Issuance
Blog icondromos
Nov 15
A new decentralized onchain economy is being created, supported by blockchains and decentralized protocols that unlock new and competitive financial and organizational structures. A new paradigm requires new tools to consistently measure and evaluate these systems. In Part 1: On DEXs, Dromos examined the evolution of decentralized exchanges, demonstrating how models to date have not effectively solved for the DEX Trilemma. In Part 2: On the Token, Dromos showed how the MetaDEX model solves fo...
6 collected
Discover card cover image
Part 2: On the Token
Blog icondromos
Sep 4
Kicking off this series on the MetaDEX, Part 1: On DEXs breaks down the business model of a Decentralized Exchange (DEX) and outlines the core challenges leading DEXs have faced. The MetaDEX’s primary design change to address these challenges has been economic, and central to this change has been the token design. To introduce the MetaDEX, it is best to begin by discussing the role of the native token in DEXs. As shown in Curve’s example, a native token can have several key uses for a DEX. It...
Discover card cover image
Part 1: On DEXs
Blog icondromos
Aug 17
AMM DEXs: the foundations of DeFiHow DEXs workDecentralized exchanges (DEXs) are a wholly new implementation of liquid markets and a fundamental primitive of entire Decentralized Finance (DeFi) ecosystems. Unlike traditional centralized exchanges, which use a single entity to facilitate transactions and hold user funds, DEXs leverage automated market-makers (AMMs). AMMs allow trustless and permissionless token swapping. DEXs can play a pivotal role in growing the onchain ecosystem around them...
2 collected
Discover card cover image
The MetaDEX and DeFi: Introduction and Overview
Blog icondromos
Aug 17
The MetaDEX is here and has already seen successThe MetaDEX is the DEX model underlying Aerodrome and Velodrome, the central trading and liquidity hubs on Base and Superchain. It combines the best features of Curve, Convex, and Uniswap into one streamlined, powerful design. The MetaDEX’s efficient liquidity pools and incentive system allow protocols to build deep liquidity on their tokens while offering traders exceptionally low slippage swaps. Aerodrome, as an example, has distributed over $...
1 collected
Discover card cover image
Aerodrome
Blog icondromos
May 14
Aerodrome is a MetaDEX, combining the best of Curve, Convex, and Uniswap into a single streamlined protocol uniquely designed to serve as the primary trading and liquidity hub of the Base ecosystem. By bringing the most important primitives under one roof, Aerodrome offers protocols and users on Base a complete platform for liquidity attraction, yield farming, and low-slippage swaps.

dromos

Written by
0xc3BC...53d6

©️ 2025 Paragraph Technologies Inc

Privacy policyTerms of useDiscover great writing

dromos

Blog logo
Subscribe to dromos

Stay updated by getting the latest posts delivered directly to your inbox.

Read it first