Andre Cronje

Andre Cronje@AndreCronjeTech · 6 天前赛道影响

Offchain speed and execution onchain.

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AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Andre Cronje@AndreCronjeTech · 6 天前赛道影响

In 2022 there was a recurring problem: bootstrapping a new blockchain's liquidity was horrible. It was almost impossible to get Uniswap or Curve to deploy, so the idea was simple: create a tiny, open-source, no-attribution scaffold that anyone could fork and deploy, even without technical ability. Three contracts. Uniswap-style volatile liquidity. Curve-style stable liquidity. And a built-in ve flywheel to bootstrap and direct incentives. So I created ve(3,3). Since then, that design and its descendants have grown into: • 163 unique app deployments • 44 blockchains • $748.8B in cumulative volume • ~$16.0B in token(s) value Although, to be fair, the data is heavily skewed: Aerodrome alone accounts for ~$424.2B of that volume, and Aerodrome today has evolved far beyond that original simple system. What I find more interesting is how portable the idea became. Robinhood Chain alone already has 18 different implementations/versions of the model. The goal was never to build one DEX for every chain. It was to make the basic liquidity and incentive infrastructure simple enough that nobody had to wait for permission to have one.

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AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Andre Cronje@AndreCronjeTech · 7 天前市场影响

Some small cool things; 1. The liquidity you see on the book isn't localized, its the entire chain, we aggregate the entire chains liquidity and show the pricing levels. 2. All swaps (spot or leveraged spot) use RFQ, so it ensures the best execution rate available. 3. Leveraged order liquidations also inversely liquidate on RFQ, again ensuring the best rate (generally we can close a position $ for $). 4. Trading via delegated sessions is the same as trading on an offchain cex, but all onchain (try on Sonic, it is as fast as a centralized exchange). 5. Funding for leverage spot is based on underlying lending rates, so much cheaper than alternatives. 6. All actions sit natively in the lending market, so all positions are always earning yield (irrespective of a resting or executed order). Offchain trading onchain.

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AI：偏平台经营与生态扩张，强调交易平台和应用入口的长期位置。

Andre Cronje@AndreCronjeTech · 13 天前市场影响

One of FT's risk consideration is "token velocity" (which is really just a fancy mix of volume and depth), while researching this the data was semi interesting, so sharing for fun. Ethereum: 1. USDT · 2. USDC · 3. ETH · 4. USDS · 5. WBTC · 6. PYUSD · 7. RLUSD · 8. USDe · 9. USDG · 10. USDAT Sonic: 1. S · 2. USDC · 3. ETH · 4. USSD · 5. SHADOW · 6. WBTC · 7. stS/STS · 8. X33 · 9. JEFE · 10. scUSD BNB Smart Chain: 1. USDT/BSC-USD · 2. BNB · 3. QUQ · 4. USDC · 5. BTR · 6. BTCB · 7. QQQB · 8. DEBIT · 9. ETH · 10. UP Base: 1. ETH · 2. USDC · 3. cbBTC · 4. SOL · 5. EURC · 6. VIRTUAL · 7. NVDAC · 8. AERO · 9. cbETH · 10. USDT Robinhood Chain: 1. USDG · 2. ETH/WETH · 3. NVDA · 4. CASHCAT · 5. SPY · 6. PONS · 7. SPCX · 8. STONKBROKER · 9. NET · 10. DOGO Avalanche: 1. USDC · 2. AVAX · 3. ETH · 4. USDT · 5. BTC.b · 6. BTC · 7. WBTC · 8. EURC · 9. BUSDC · 10. BAUSD Monad 1. USDC · 2. MON · 3. ETH · 4. cbBTC · 5. WBTC · 6. USDT0/WNUSDT0 · 7. WNAUSD · 8. AUSD · 9. XAUT0 · 10. MUSD HyperEVM: 1. HYPE · 2. USDC · 3. USDT0 · 4. UBTC · 5. kHYPE · 6. EGG · 7. UETH · 8. UPUMP · 9. USDV · 10. CHAMELEON

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AI：偏平台经营与生态扩张，强调交易平台和应用入口的长期位置。

Andre Cronje@AndreCronjeTech · 14 天前赛道影响

After many years, Anton (@AntonNellCrypto) finally discovered the camera. For those tired of hearing me talk about defi, onchain finance, FT and everything in between, here is another perspective. Anton has seen a lot of the industry from the builder side, long before Flying Tulip existed. https://t.co/GYe8SuzCvY

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AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Andre Cronje@AndreCronjeTech · 14 天前赛道影响

Deposits are an input. Credit activity and cash flow are the output. Flying Tulip as of August 26, using DefiLlama’s standardized methodology: • $12.12m TVL, up 19.1% over 30 days • $3.86m in active loans • $149k in 30-day fees • $143k in 30-day protocol revenue • 10.31% average tracked supply APY • 3 tracked products across 2 chains Active loans equal 31.8% of standardized TVL. The objective is not a collection of isolated pools. ftUSD provides liquidity and settlement. Lend converts collateral into credit and margin capacity. The execution and derivatives layers reuse the same balance sheet rather than fragmenting capital across separate applications. The system is beginning to show utilization, revenue and compounding. Not just farming. Data source: DefiLlama, August 26, 2026. FT dashboard and DefiLlama methodologies differ, so these figures intentionally use one consistent external methodology.

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AI：偏平台经营与生态扩张，强调交易平台和应用入口的长期位置。

Andre Cronje@AndreCronjeTech · 15 天前观点输出

RT @fluffypony: @AndreCronjeTech Somewhere a retiree who's held the same three utilities stocks since 1987 is about to have impermanent los…

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AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Andre Cronje@AndreCronjeTech · 15 天前观点输出

Marketing department continues to be deeply concerned that the product is doing all the marketing.

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AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Andre Cronje@AndreCronjeTech · 15 天前观点输出

Good consistent yield really is the best marketing strategy. https://t.co/vt5xkWzaCR

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AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Andre Cronje@AndreCronjeTech · 15 天前赛道影响

ftUSD yield 3 months stable 9%-10%. New stable invariant version will allow looping. At current Lend rates would be +9% per loop. TRS, long 100 BTC 10x 0.69% in funding. No ADL. New things are happening onhain. https://t.co/g90xSSLdbu

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AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。