致社区备忘录 第二部分 过去一年，我们对自动做市商的优势、劣势以及下一波应用浪潮的来源有了更深入的了解。尽管自动做市商不断发展，包括引入集中流动性，但它们并非为与高频、对延迟敏感、订单簿驱动的交易环境竞争而设计。订单簿始终拥有更高的粒度、更快的重新定价速度以及专为专业做市商量身定制的结构。 然而，AMM 具有结构优势 ，使其成为新兴和不太可预测的资产类别的合适基础设施，并且是所有严格依赖链上流动性深度的垂直行业的重要支柱，换句话说 ，无论市场冲击如何，流动性都必须保持可用 。 10 月 11 日的市场事件清楚地表明了这一点：当中心化交易场所和基于订单簿的交易场所流动性被抽走，并在几秒钟内形成巨大的价格影线时，AMM 资金池却保持了可观的流动性和更平稳的价格 ，这正是因为 AMM 流动性更具粘性，并且通常能以更低的延迟吸收新信息 。这种可靠性至关重要。 这一特性使得 AMM 成为以下情况的最佳模型 ： 1⃣ 新推出的代币，尚无成熟的市场结构 2⃣ 大型资产流动性粘性高，可靠性至关重要。 3⃣ 另类、长尾和早期资产 4⃣ 绝大多数未来现实世界资产（RWA） 市场 随着基于订单簿的去中心化交易所 (DEX) 的兴起，许多人质疑基于自动做市商 (AMM) 的去中心化交易所 (DEX) 在链上现货订单簿可用的情况下的实用性和相关性。 我们认为 AMM 并没有过时，它们正处于下一个应用周期的合适类别。 我们的核心目标 依托我们稳固的 AMM 基础设施 ，切实扩大我们的交易和流动性提供用户群 ，包括零售用户和机构用户。 为了实现这一目标，我们将专注于四个互补的增长支柱 ，请注意，它们的排名并非基于优先级或发布时间，而是按照最容易理解我们如何针对每个用户群体的顺序排列的。 支柱一 ——掌控交易之旅的开端（发现→执行） 为了吸引和留住交易者，我们必须在交易执行之前就介入，在好奇心、研究和信念形成的时刻介入。 我们的目标是将 THENA 打造成一个能够让交易者： 1⃣ 发现机遇 2⃣ 验证叙事和催化剂 3⃣ 获取市场情境情报 4⃣ 一单下单，立即执行交易。 这使得 THENA 从一个进行互换交易的地方变成了一个交易起源的地方 。 支柱二 ——代币创建基础设施和上市引擎 以meme币为驱动、社区驱动且无需许可的环境是可持续去中心化流动性的基础。代币创建者需要： 1⃣ 直观且安全的启动过程 2⃣ 清晰的流动性路径 3⃣ 可见性和分布 4⃣ 可大规模应用的、可复制的激励机制 然而，产品发布平台只有在能够打造成功产品时才能取得成功，而不仅仅是能够发布产品。 这就是为什么我们一直专注于将工具与市场推广相结合 ，并致力于打造一个能够巩固信任、吸引创作者并产生网络效应的旗舰级、备受瞩目的首个成功案例 ，而不仅仅是一个因缺乏采用而被遗忘的产品发布。 第三支柱 ——RWA 与 AMM 的天然契合 大多数 RWA 不会像流动性极强的加密货币主要资产那样，它们是交易缓慢、收益型或低频资产 。 从结构上看，AMM 是此类资产的最佳流动性引擎。 这就是为什么我们已经开始与即将推出的协议合作，该协议将使欧洲最大的银行机构之一在 THENA 上引入受监管的货币市场基金方向，并且我们正在与使用 ve(3,3) 的 RWA 项目合作，以解决传统金融几十年来一直面临的流动性冷启动问题。 RWA 不是一种叙事，而是一种结构性的产品市场匹配，具有 AMM ve(3,3) 。 第四支柱 ——高级流动性策略和机构级流动性产品 流动性供给并非一成不变，尤其是在流动性集中的机制下。流动性提供者需要的是风险/回报特征的定制化解决方案 ，而不仅仅是工具。 我们的目标是提供： 1⃣ 具有清晰收益结构的策略模板 2⃣ 可选的对冲和风险控制机制 3⃣ 投资组合式流动性管理 4⃣ 机构级仪表盘和报告 这样就将零售赋权与制度要求结合起来，而不是将两者割裂开来。 这一切听起来很美好，但为了实现这一点，我们需要一个在链上几乎不存在的基本组件…… 期权作为全资本结构解锁 我们从流动性提供者的行为、波动风险、制度约束、生命周期流动性以及 DeFi 市场演变中学到的一切，都指向一个不可避免的结论： 期权是链上资本市场下一个重大突破。 它们是唯一能够同时发挥以下作用的工具： 1⃣ 投机者寻求低成本杠杆，进行中短期方向性押注 2⃣ 寻求保护的风险管理人员 3⃣ 寻求收益者利用波动性获利 在传统市场中， 期权在交易量和用途上都远超期货和现货市场的总和 。 加密货币最终会趋于融合，它需要一个链上期权层， 将流动性、收益和对冲功能连接成一个单一的生态系统。 创始人的视角 就我个人而言，我想分享一些与我们产品战略无关的内容。 回首往事，我发现自己在 THENA 出现之前所做的一切，都悄然引领我走到了今天。 我拥有经济学和企业金融背景，但我的整个职业生涯都围绕着创业展开，最初是在 Web 2.0 时代构建金融科技产品。那段时期迫使我学习如何将事物真正构建出来：如何将想法变成可运行的产品，如何与工程师合作，如何权衡取舍，如何发布产品，以及如何应对现实而非理论。 加密货币让我豁然开朗。它完美地融合了我最热爱的几个方面： 金融、科技、系统设计，以及无需征得许可即可自由实验的自由 。感觉就像踏入了一个好奇心不仅被接纳，而且是必备条件的领域。 从我早期的 LiquidDriver 时期到 THENA，一路走来经历了无数的尝试、合作、成功、失败、挫折和经验教训，如今这不再像是一段随机的旅程。它甚至感觉像是被反向设计出来的。不过，事后诸葛亮总是容易的，真正的难点在于，在不知道故事结局的情况下做出决定。 感谢所有与我们并肩走过这段旅程的人，无论我们经历了兴奋、怀疑、乐观还是挫折。在艰难时刻的陪伴比在胜利时刻的陪伴更为重要。作为团队，我们将永远铭记这份忠诚，并致力于让下一阶段不仅充满希望，而且更加精彩。

Hello @SiloFinance and @StreamDefi , Where is the money people trusted you with? When we will get reimbursed? You seriously gonna do nothing about that? @SonicLabs I am tired of supporting you (over 3 years) and get nothing but loss. LiquidDriver, GrimFinance, and now Silo. 🤦🏻‍♂️

Liquiddriver lead me to THENA, but I was early into crypto and couldn’t accept the $1 per tx fees, particularly when a few are required… This fortunately lead me to EQUAL on FTM in Jan 2023, and I’ve never looked back. 🤑 MEGA 🚀

My DeFi career started on Fantom before it became @SonicLabs Any OGs here who remember the ICE airdrop for LPing on fUNISWAP? When we aped shitcoins just after deployment by scanning for new deployments on ftmscan because there were no charts, no dexscreener, no tg bots Or getting a 6 digit SPIRIT airdrop just for joining the discord as first 200 users Or farming the shiiid out of SpookySwap airdrops and farming high 3 digit APRs Leverage farming on Tarot at 4 digit APRs, learning about leveraged IL the hard way The first illiquid millionaires in locked tokens on LiquidDriver (i'm looking at you @hooeem ) Tomb season? 2omb season? Tomb fork 999 season? Leverage looping on Scream and Geist for high triple digit APRs Ohm fork season Or when Solidly launched and gained 4B TVL in a single day Solidex vs veDAO Roosh being roosh Harry Yeh being Harry Good times. Unbothered. Moisturized. Happy. In My Lane. Focused. Flourishing DeFi Summer Drop your nostalgia below

My story with @thenafi begins towards the end of 2023 when I learned about this protocol thanks to the airdrop received as a holder of lqdr, at the time LiquidDriver and now @AbacusFi.

The 190 $THE was my initial capital and I staked it in abacus ✨ Back then, @AbacusFi was known as LiquidDriver💧 I began staking all my Zealy earnings in abacus,which is the best decision I've made💎 I staked in liveTHE Fee Distributor & gives me pretty good APR's📈 ❻📜⤵️

100% those guys are relentless builder and succesful. But they Stay humble and are super easy to approach. I just love Metro too. And same for me everything him farming im not selling. Staking everything even if after LiquidDriver I promises myself to never stake tokens again

We are SOOOOO back! Sometimes I reminisce about the good old days of @FantomFDN and sometimes I miss $LQDR being $50 each😃 Let's run it back! #Throwback #LiquidDriver now @AbacusFi

Thanks for nice video. Last time I did this it was still LiquidDriver

Every story has its darkness, but mine found a light so powerful it transformed everything. Let me tell you how it all began and ultimately led to @thenafi. People who met me after THENA may think I had an easy life. But nothing could be further from the truth. I got my first job thanks to my mom at 15 years old, gardening for the local municipality in a small town of Joensuu, Finland. My summer was filled with trimming the trees and cutting grass. This was a dream come true, because my bicycle had been stolen prior to it. My parents couldn't afford insurance or to replace my old one, so I used all of my savings to buy a new one. My high school was quite a distance away, and taking a bus was expensive. It didn't matter if the roads were paved with 30 cm of snow or if the air was minus 30 degrees Celsius, the wheels had to keep spinning. I was lucky enough to get into the International Baccalaureate program. Barely. As a teenager focused on girls, and wasted that opportunity. Despite that, my grades were good enough to get accepted to study Physics at the University of Helsinki without taking an entrance exam. I only applied because I thought I needed something while I was preparing to enter medical school. Yes, I actually wanted to become a doctor. But in hindsight, probably not for the right reasons. Life in Finland is expensive, and I didn't have any savings, so I took a job as a blackjack dealer during my first year in college. It was tough. I spent weekends up at nights serving intoxicated customers, helping them lose money. And during day, I tried to find the energy and focus to study. Shortly after choosing to focus on astronomy, I gave up. I stopped showing up to classes, and decided it wasn't for me. This wasn't my mission. I always felt like going into finance was the right move for me. So I did some research into business programs, and somehow ended up applying to one in Bangkok, Thailand. Don't even ask me how and why. I still can't quite explain it. Funnily enough, it was a private catholic university where other students drove LAMBOS to school. Not kidding. ABAC chads know. I borrowed 10,000 euros from my mom to be able to complete my studies, and finally graduated with a major in management. It was meant to be finance, but I wasn't disciplined enough to get into that. Before graduation, I had gotten a job with Bangkok Hospital, being a medical interpreter. From wanting to become a doctor to working around them. It was like a painful reminder of my past failures. So, when I graduated, I decided to leave Thailand behind, and moved back to Finland. The harsh reality of life set in as me and my wife landed at 0 degrees Celcius in complete darkness, void of any hint of light or warmth in Helsinki. This was her first time in the country. We had no money to get an apartment, but my brother @PantheonFi was generous enough to accommodate us in his living room. Because I was autistic and not willing to face my own fears, it took over a year to find a job. And when it finally happened, it wasn't what I had expected. No, majoring in Management doesn't make you a Manager. I was far from being ready for that. A major life lesson ensued. Despite working 2 jobs 60 hours a week for 3 years, I ended up tens of thousands in debt due to some very bad choices. It led up to a point where I gave up. I needed a reset in life. At this point I had failed everyone around me, and I was ashamed to even exist. So I decided to start fresh. The 3 years had thankfully taught me a lot, and allowed me to build up enough strength and courage to take on a new challenge. The struggles didn't end there. Serving the debts took half of my pay every month. We could barely afford rent, let alone eating outside. I had already learned about Bitcoin back when I was in Thailand. In fact, I already mined some with my gaming laptop my wife got me (and paid for it monthly for 2 years). But I wasn't smart enough to invest and hold. I did use it, though. Being able to transact free from any intermediaries was revolutionary. And that was THE spark. My brother Pantheon was more into the stuff than I was, and got into Etheureum early on. Once that started to take off, he took those profits and invested them into Chainlink. Hearing him talk about Sergey Nazarov's vision for the future convinced me. Bit by bit, I got deeper. Then one day, I learned about Fantom, and dove deeper into the ecosystem's projects. I joined the LiquidDriver Discord just wanting to learn more. And decided to lock some all my money, maybe around $1K at the time (mind you my net worth was negative tens of thousands), for 2 years to earn passive income. Then all of a sudden one day Dr. Liquid aka Theseus sends a message in the general channel asking if there's someone with the skills to be a marketer for the protocol. I was like, yeaboi I have used Photoshop in the past and knew my way around English language. Or so I confidently thought. One interview and a few days later, I became the intern responsible for nearly every single tweet coming out from LiquidDriver account from that moment on. And because the previous marketing person burnt out as I started, I essentially became the head of marketing. What a twist of fate. I had zero marketing experience apart from introduction to it during my Bachelor's degree. But I knew deep within me I was on the right path. So after 2 weeks, I quit my real life job, and jumped into Web3 full time. What could I lose? After I started, LQDR price rallied from $2 to $50, partly fueled by the Solidly frenzy back then. Funnily enough, before Solidly was announced, top protocols from Fantom had gotten together to launch something that would unite us all under one umbrella. We wanted to call it Athena. But when the news of Andre's vision came out, all of our plans took a back stage. Things went from 0 to 100 in a blink of an eye, before crashing down as the father of Fantom publicly left the stage. My portfolio that was supposed to help pay back the debt went from hero to zero, and it seemed like no hope was left. Until one day. Dr. Liquid messages me out of no where about generating an NFT collection with AI. The rest is history. Two weeks ago, I paid my mom back with interest, and cleared every single debt to my name. I'm now worthy enough in society's eye to get a rental apartment and insurance, which I couldn't do prior to this. And THAT is how I met THENA. GOD is great.

liveTHE的liquiddriver已经合并了，新网站在：abacus.tech/ 官方推特：@AbacusFi

I think Thena had a strong support base to begin with which came from LiquidDriver?

1⃣ What are liveTHE & @AbacusFi? Did you know: @thenafi was founded by core team members from LiquidDriver (now @AbacusFi) ➡️ liveTHE is a wrapped version of $THE designed to solve the issue of locking veTHE, which requires fixed term of up to 2 years before it can be unlocked.

$THE do not rest now. We need to get all the TVL and volume. This is the time to capture the market. Get new projects that want to lock and incentivize. Get the volume. Get the fees. Push now! Work isn’t finished. @thenafi @thenascribe @Sion_Forever82 @LiquidDriver

Don't fade $PEAR 🍐🚀

JUST $PEAR TRADE

Your top pick should always be $pepe (#pepeOnArb, #pepeLeBlue) OG meme, pure bliss! Better know who pulls the strings...

$Osak is available on 8 chains!

Trending pairs on Arbitrum, check em out $OSAK #OSAK

Gotta dive into these hot pairs, fam #osak