Our Robinhood Chain Analytics is now live, featuring 34 protocols on: arbdata.com/ecosystems/robin… Protocols include: 1. DEXs • @PancakeSwap • @CurveFinance • @Uniswap • @SwapHoodFi • @arcus_xyz • @rialto_xyz • @Lighter_xyz 2. Assets • @LidoFinance • @ethena • @sparkfinance • @maplefinance • @Paxos 3. RWA • @vimenprotocol • @RobinhoodCrypto Stock Tokens 4. CDP • @ArrowFinanceio 5. Prediction Market • @meridiandotxyz 6. Lending • @Morpho • @SteakhouseFi 7. Launchpad • @virtuals_io • @ponsdotfamily • @dopplerprotocol • @Noxa_Fi • @TrenchToday01 • @bowdotfun • @flapdotsh • @rawbin • @klik_evm • @hooddotfun • @BagsApp

Since yesterday's upgrade, ~50% of all txs on @Arbitrum pay a priority fee (PGA). Likely bc some wallets include an automatic tip for when users submit a tx, make sure to check your own setup!

Despite changing to PGA, Timeboost still marks an important era for Arbitrum. It has generated $7.7M of cumulative fees. And most importantly, it shows Arbitrum keeps innovating to expore whats best for builders and users.

The Disclosure Gap in Morpho Vaults Every curator change is public onchain, but few depositors can read it. The timelock meant to protect them only works if they notice in time. 1. Common critique 1: Timelock is not an enough safeguard A common critique goes further. Vaults were meant to save users from tracking thousands of markets, and a 1-day timelock hands that job straight back while treating the user's silence as approval. I agree that silence during a timelock isn't consent. Most depositors couldn't interpret a cap increase or an oracle swap even if they watched the vault around the clock. Where I disagree is the claim that vaults themselves are the problem. 2. Common critique 2: Mandate Drift Mandate drift is the biggest risk on that list. A depositor who picks a vault built on blue-chip collateral hasn't agreed to whatever the curator adds a year later. In TradFi, a change to a fund's fundamental investment policy needs a shareholder vote. A competent risk rating provider can flag drift onchain if two conditions hold. The vault has to publish a mandate to measure against, and the rating has to update the moment a change is proposed, while depositors can still exit. 3. Common critique 3: Roles Role separation mainly protects against compromised keys, because an allocator can only move funds within existing caps and can't add new markets. It protects depositors only when independent parties hold the roles. When one team holds every role, the split tells you who to blame after a loss and does little else. 4. Curators as asset managers Curators ARE asset managers, and they abstract markets away from the user the way an ETF abstracts away its holdings. Nobody buying an S&P 500 ETF monitors 500 companies. A bad ETF issuer makes investing riskier than picking stocks yourself, and a good one diversifies away risk most people couldn't manage alone. You can diversify on your own, yet US ETFs passed $10T in assets in 2024 because most people would rather not. 5. What ETFs disclose ETFs earned that trust through the disclosure rules around them. A US fund that wants to raise its advisory fee or change its adviser needs a shareholder vote. A fund that changes a name tied to its investment policy owes investors 60 days' notice. ETFs also publish their holdings daily. Cuts to cost or risk take effect immediately, while increases need notice or consent. Morpho already encodes that asymmetry onchain: cap increases and other risk-increasing changes sit behind a timelock, and cap decreases don't. 6. The missing layer What's missing is interpretation. The Morpho app shows pending changes, but as raw parameters that only a DeFi native can read. A depositor should be able to subscribe to a vault and get a plain-language alert when any of these change: • Oracles • Timelock length • Roles: owner, curator, allocators, and any abdicated functions • Collateral whitelist • Performance and management fees • Vault name • Market caps • New adapters • Market allocation Each alert should state how the change moves the vault's risk and how much liquidity is free to exit before it executes, since a 7-day timelock protects nobody when the underlying markets sit at 100% utilisation. 7. Who should report Curators can't do this reporting themselves, since they have a conflict of interest when reporting on their own vaults. Morpho benefits from vault growth, so it isn't fully neutral either. Integrators could take the broker role that exists in TradFi, or a rating firm like Credora could, provided the curators it rates aren't paying for the ratings. 8. Steakhouse as the benchmark @SteakhouseFi comes closest today. Its vaults carry @CredoraNetwork risk ratings with a published methodology, and its guardian is an @AragonProject DAO where depositors vote with their vault shares. Changes sit behind a 7-day timelock, anyone holding around $10K of shares can propose a revocation, and the vote runs for one day. That makes it the nearest thing DeFi has to a shareholder vote. The veto still depends on depositors knowing a change is pending, so it needs the alerting layer to work. 9. What should come next Vaults is a great technology. What they need next is notice that depositors can read and act on. That requires alerts + interpretation, not just instant event level notification. No investors would understand it.

UPDATE: Priority fees have generated $50k of revenue in less than 2 days, which doesn't include base fees that typically generate around $15-20k per day. Yeah, Arbitrum looking pretty good here.

Arbitrum income back on the up trend With PGA live should also see much higher numbers vs what timeboost brought in

PGA is live on @arbitrum ⚡️ We’ve been researching PGA and its potential revenue and opportunity cost for the DAO ahead of adoption, and we’ll be tracking the data now that it’s live. A ton of engineering went into this from @Offchain, from priority-fee-based ordering and anti-starvation mechanisms to the sequencer infrastructure powering Fast Feed. We’ve built a dashboard to track how PGA is being used in practice. If you’re interested in transaction ordering on Arbitrum, check it out alongside the official @arbitrum writeup 👇

You have no idea how many new **synergistic** revenue streams Arbitrum is introducing in the next 6 months.

New Revenue Stream 1 and 2 are now live already, and is gerneating $25k DAILY for Arbiturm DAO. Be hold for new revenue stream 3: coming soon.

$25k on day one...

Priority fees and Fast Feed are live on @Arbitrum, and they already make up 59% of all fees paid on the chain. In the 1st day, users paid 9.45 ETH ($25K) in tips to get their transactions ordered first. We built a dashboard to track PGA from day one. Breakdown below 👇 🧵/5

Random day and random thought: wearing a @Backpack and @MadLads merch together (didn’t realise until I looked at the mirror). Two eras of the team, makes me wonder if NFTs will ever have a comeback. Or it will just be a tech for representing your LP position.

It’s going to be a cinema when @variational_io launches its airdrop. • 32% of the supply will go to the community • 100% of revenue will go to the treasury for buybacks and burns • Omni will open to the public • The trading API will go live • Potential new partnerships

Thanks 🙏 Swaps continue to be an absolute game changer. "Where we're going, we don't need roads." -Dr. B

Robinhood Chain has reached $50M in cumulative fee revenue, generating $5M in licensing fees for @arbitrum. That’s a $200M annualized revenue run rate for Robinhood Chain and $20M annualized for Arbitrum. Robinhood wins, Arbitrum wins. Data: robinhood.entropyadvisors.co…

Arbitrum season is here. Institutions are using @Arbitrum either as the base network to build on or as the technology powering their own chains. Arbitrum benefits from both AEP fees and transaction fees. With the growing adoption of Robinhood Chain, AEP fees contributed over 60% of Arbitrum’s total income in September. What you’re not ready for: three new income streams are coming soon.

I heard @0xpibs got CBB into Variational after this tweet

The Variational Treasury has crossed $8.5M, with $2M+ added in the past month.

The market cap of @Paxos' USDG has grown beyond $3B this year. X Layer and Robinhood Chain have emerged as the two main drivers of growth, accounting for 46% and 21% of the total supply, respectively.