It has been 3 months since $NABLA TGE, and we're excited to share a comprehensive recap of the protocol progress since then.
LP Staking Launch
Nabla has officially launched LP Staking, marking the transition to fully permissionless points distribution. This new system enables LPs to maximize their earnings through a streamlined, user-friendly process. When providing liquidity to Nabla pools, users receive ERC-20 yield-bearing LP tokens, which can now be staked to earn $AMBER2 points on top of their automatic yield deposits.
Starting February 10, 2025, at 12 PM UTC, $AMBER2 emissions will begin automatic distribution. It's crucial to note that earning these points requires active staking of LP tokens – there's no passive earning without staking. The system offers complete flexibility with no lock-up period, allowing users to unstake and withdraw their liquidity at any time. For the transition period, LPs had a 5-day window to stake their tokens before the automatic point earnings begin. Any $AMBER2 emissions accumulated between TGE and February 10 will be distributed early March
$NABLA Token Achievements & Market Presence
Since TGE, the $NABLA token has reached several key milestones that strengthen its market position:
Official labeling on Basescan, enhancing $NABLA visibility and verification
Successful listing on CoinGecko for broader market exposure
And that’s it about $NABLA.
Meme Hub: Expanding Yield Opportunities
The launch of our Meme Hub is to diversify yield sources for our LPs. The current active pools for popular memes are:
$DEGEN: High-activity pool with competitive yields
$MOG: Expanding liquidity opportunities
$BRETT: The latest addition to our meme token ecosystem
Analytics & Performance Metrics
Speaking of analytics, we introduced the Excess Liquidity Graph to provide LPs with detailed analytics tools, enabling data-driven decisions for optimal position management and enhanced yields. This graph showcases the profitability of the protocol independently from yield pool liquidity, offering insights into how excess liquidity impacts overall returns. By leveraging this tool, LPs can optimize their strategies and maximize their earnings without solely relying on yield pool liquidity.
Additionally, there’s a new, enhanced analytics suite which includes:
Detailed PnL graph for the BackStop Pools
Real-time performance tracking and analysis
Infrastructure Improvements
Recent technical protocol enhancements include:
Optimized indexer performance for faster data processing
Improved API response times for better user experience
Enhanced data architecture for scalability
Streamlined integration processes for future partnerships
The integration with propellerheads is progressing steadily, focusing on substreams and interface enhancements. This partnership will enable solvers to access Nabla pools efficiently, driving higher volumes and improved APRs for LPs.
Note that we take protocol stability & security seriously. Before each new feature is shipped, we rigorously test all system components involved, while continuously auditing processes and contracts.
NABLA PROTOCOL PROFITABILITY SINCE MAINNET
Over the past six months, Nabla has achieved significant growth and profitability. Since mid-August, we organically earned $50,000 with an average TVL of $500,000, equating to an impressive 20% organic APR.
Swap Volume and Earnings
Since launch, our swap volume has reached a total of $82 million, with approximately $63 million on Arbitrum and $19 million on Base. Our Dune Analytics dashboard provides more detailed analytics.
Since inception, Nabla LPs have earned around $40,000 in fees from Swap Pools. Approximately 60% of these fees went to Swap Pool LPs, while 40% benefited Backstop Pool LPs. Additionally, Nabla BSP LPs have profited from around $10,000 in inventory profits, translating to an organic APR of around 20% for each dollar deposited into Nabla.
Moreover, our LPs have enjoyed substantial additional rewards in $AMBER/$NABLA tokens, achieving an overall yield of over 40%, which is now stabilized at 15-20%.
Monad Testnet Launch
On 23rd February, Nabla went live on Monad testnet and users have been swapping & providing liquidity to pools with test tokens (wETH, wBTC, USDT, USDC) from our faucet. Additionally, Nabla is part of the Monad ecosystem and you can check us out in the directory. To use Monad testnet on Nabla, you need test tokens from the “🚰. Monad faucet” channel in our Discord. You have to pass human verification to get access. Then head over to Nabla Dapp, switch the network to Monad and start testing!
