Last month we launched Revelo Ventures which is a syndicate for investing in early-stage private crypto deals. The syndicate has just under 100 members and we completed 3 deals in March for a total of $583,000 invested.
We plan on doing 2-3 deals a month moving forward. Members are not required to do every deal and can pick & choose those that appeal to them.
Today we are accepting applications for membership with the aim of growing the group to 200 participants before closing it again.
Membership will be gated via a NFT which will go on sale over the next few days.
If you want to participate in these early-stage private rounds and can invest a minimum of $3,000 to $5,000 per deal, then watch the video below for more information.
Video Explanation - Click Here
NFT Mint Details - Click Here
Application Form - Click Here
Now - back to ve(3,3)!
It’s no secret that ve(3,3) DEXs have been performing very favorably as of late. This is due to increased volumes and activity across crypto as a whole. The Solidly model has started to prove its effectiveness through increased TVL, volume, and fees. This comes after a lackluster start which may be most attributed to the overall market sentiment at the time, as Solidly launched basically at the start of the bear market when liquidity simply stopped flowing as much as people expected.
In this edition, we’ll be briefing you on Velodrome, Equalizer, and Ramses exchange, exploring their original, efforts during the bear market, implementation of concentrated liquidity, and more.
Stay informed, stay alert ⬇
Background on Velodrome
Velodrome is a next-generation AMM that combines the best of Curve, Convex, and Uniswap, designed to serve as Optimism’s central liquidity hub. The protocol has instances on Optimism as well as Base via Aerodrome, which has caught quite the tailwind from the rise of the Base ecosystem, as seen in both project TVL and AERO token price.
Velodrome was founded by Alexander Cutler, who actually has a background working in politics and big tech. Velodrome’s origin is one that takes an approach at revitalizing the model through significant adjustments and targeting ecosystems in need of its liquidity functions, specifically the Optimism ecosystem. The initial success of the project reignited interest in the model and led to various DEXs innovating upon the Solidly foundation with unique modifications.
The team has acknowledged Velodrome’s success in attracting substantial TVL compared to Uniswap and theorizes that combining this ability with concentrated liquidity could dramatically improve fee generation and volume from Uniswap pools. This could create a compounding effect, attracting more liquidity providers to Velodrome’s more efficient pools.
Background on Ramses
Ramses is a ve(3,3) protocol that pairs incentives with concentrated liquidity for next-level capital efficiency. The project describes itself as the native liquidity layer of Arbitrum. After its launch, the project has seen growth and expansion across multiple blockchains. Ramses on Arbitrum offers exposure to various markets and ecosystems, allowing for expansion from a familiar base.
The team acknowledges the bear market crash as a significant headwind during the project’s early stages, expressing gratitude for the resilience it fostered among their teams. Recently, Alexander Cutler, Co-Founder at Velodrome, joined Ramses as an advisor, a testament to collaboration among ve(3,3) teams.
Besides market conditions, the technology behind ve(3,3) DEXs also was a challenge, requiring extensive work and audits to advance beyond initial shortcomings. Now, there is a positive shift as the Solidly model starts to prove its effectiveness through increased TVL, volume, and fees.
Background on Equalizer
Equalizer is a a DEX that uses the ve(3,3) model to drive Liquidity to the highest volume pairs. Deployed natively on Fantom brought it’s own challenges to Equalizer, including the Multichain fiasco. The team credits the early days of collaboration among developers and teams, highlighting the importance of community and shared learning during the post-Solidly launch period. Some technical challenges enabled and encouraged different teams in the Solidly space to collaborate and work together to improve their platforms. The project emphasizes the importance of DeFi education, and their efforts to make the models present in the ecosystem understandable.
The team highlights the importance of focusing deeply within one’s vertical before expanding to others, noting the significance of building foundational aspects like future onboarding, account abstraction, and innovations to simplify complex DeFi concepts for new participants. Equalizer also has a deployment on Base, dubbed Scale (SCALE). This is in addition to the Equity protocol by Equalizer, which is a GMX-esque fork on Fantom.
Equlizer also has experience in concentrated liquidity with the the success of their Uniswap V3 fork dubbed Thick on Fantom and other platforms. Concentrated liquidity protocols have been integrated into Equalier through vaults as a strategic approach for the future, including partnerships with automated liquidity managers like Ichi and Gamma to integrate their farms into the system.
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