up is powered by the most valuable asset there is: time. If you provide liquidity on up and stake it, you're paid in $UP instead of trading fees, and those fees go to the people who lock. The obvious question is why an LP would make that trade. The answer is that most $UP is locked. People commit it for up to four years to earn a share of every fee the exchange makes, and that commitment is what gives the reward its value. The emissions are only paid while your liquidity is in range. So it stays tight on the price, the tight price wins the trade, and the trade earns a fee. The fee goes to the lockers. Everyone wins the same way, so everyone pulls the same way, and the more aligned they are, the better up performs. And unlike previous (3,3) deployments, the printing is capped. up only emits what each pool's fees can justify, which is how $242k went to lockers this week while barely inflating the supply to pay for it. up.

Votes on up set a ceiling for each pool. Fees decide how much of it gets paid, and the rest is burned. That ceiling can be raised at any point in the epoch. If a pool starts pulling more volume, more emissions can reach its LPs while it's happening, where the growth is. Emissions follow demand within the week, without waiting for the next vote or a cooldown to run out. Coming up: releasing emissions mid-epoch to new pools with no votes yet, the moment demand appears. up.

Robinhood DEX revenue is interesting today.

Looking forward to the Robinhood Summit. Most events are bearish for crypto. I have a feeling Vlad’s will be a little different.

Still 3rd for holder revenue generation on Robinhood Chain. TVL can be rented. Volume can be washed. Points can be printed. Holder revenue has to be paid. It's the hardest number to fake and the one that matters most, which is why most projects don't show it. up’s priority is revenue for long-term holders.

Looks like things are about to get really interesting around here… Buckle up.

up is third in holder-revenue for Robinhood Chain and second among protocols native to the chain. Our goal is simple: be the place Robinhood Chain trades, and pay everything that earns back to the people who lock. Traders get the best price, liquidity providers get paid to keep it that way, and lockers get the fees. Each one paid by the one before it. Consistent revenue, every week, back to the people using it. up.

up33.xyz is back up.

up33.xyz should be up in the next few hours. Use up33.io ONLY in the meantime. Assume all other links are malicious.

Back today, married, rested. It’s truly the most exciting time ever to be in crypto. Let’s get it.