Original ｜Odaily Planet Daily（@OdailyChina）

Author｜Golem（@web3_golem）

There is no doubt that the Robinhood Meme trench environment has gradually become "high temperature." The dual concentration of funds and attention has greatly increased the difficulty of the game; ordinary people who cannot be faster and sharper than the player P can only be eliminated.

Fortunately, there are multiple ways to make money on Robinhood, and players have discovered that providing liquidity for stock tokens and Meme coins is also a good business. This is because most of the currently popular Meme coins on Robinhood Chain or fast-paced Meme coins are paired with stock tokens. The typical trading path for ordinary players on front-end aggregators is WETH→USDG→stock tokens→Meme coins; if users are using a fomo platform, they may have to take an extra step.

The trading demand for Meme coins is most easily affected by market sentiment. Once a certain Meme coin suddenly becomes popular, the underlying LP fees can skyrocket instantly. Crypto KOL @0xanonnnn stated that, "In Robinhood Chain, the LP of Meme coins that specifically does Stock or LT bottom pools with uni V4 high fee levels has a daily APY of over 100000+%." It can be seen that the returns from LPs composed of stock tokens and popular Meme coins are not necessarily lower than those from rushing Meme coins.

Providing LPs as a classic gameplay in DeFi AMM is familiar to experienced players. Since the launch of Robinhood Chain, Uniswap has quickly become the mainstream AMM and liquidity infrastructure, with Uniswap V2, V3, and V4 accounting for over 90% of the trading volume on Robinhood Chain. Therefore, most users choose to provide LPs on Uniswap.

However, in the Robinhood Chain ecosystem, some emerging AMM projects are also rising and gaining attention. The advantage of participating in early AMM projects lies in the ability to benefit from "head mining bonuses” and to speculate on subsequent token issuance and airdrop expectations. Odaily Planet Daily will introduce 5 emerging AMM projects on the Robinhood Chain in this article.

(Risk Warning: Players need to consider and evaluate the impermanent loss of LPs, high market volatility, new protocol risks, and other series of "invisible" costs.)

up.: 100% of protocol revenue returned to token holders

up. is the native ve (3,3) trading and liquidity layer on Robinhood Chain, launched on July 11. At the same time, the official issued the token UP, with a current market capitalization of $390 million and a total supply of 500 million tokens. However, this includes non-circulating tokens, with over half of the supply being burned, resulting in an actual circulating supply of only 20 million tokens at the time of launch, releasing about 1 million tokens into circulation weekly, making the real circulating market cap around $15 million.

As of the time of publication, the total TVL of up. has reached $12.74 million, ranking 7th in the Robinhood Chain. Currently, there are two pools with a TVL of over $1 million, with the UP/WETH liquidity pool having a TVL of $2.39 million, and the UP/STONKBROKER liquidity pool having a TVL of $1.64 million.

up. will return 100% of protocol revenue to UP holders. According to DeFiLlama data, up. is also the third protocol on Robinhood Chain from which token holders have received the most income over the past 30 days.

Fables: Points program launched, TGE in October

Fables is also a native ve (3,3) DEX on Robinhood Chain, launched on August 18. Its difference from up. is that Fables introduces a Hook. Fables writes fee logic for each liquidity pool individually through Hooks, setting withdrawal fees during trades, allowing the fee rate to adjust in real-time with time and market fluctuations.

Additionally, Fables has currently issued a token called PROLOGUE, with a total supply of 1 billion tokens and a current market cap of $5.7 million. However, Fables has also announced a TGE; the official governance token is FABLES, also with a total supply of 1 billion tokens. At TEG, PROLOGUE can be exchanged for FABLES at a 40:1 ratio, and all creator fees generated from PROLOGUE transactions will be rewarded to Fables' LPs in USDG form.

According to the official statement, at the time of FABLES TGE, up to 115 million tokens will be airdropped directly to the community. Fables has also launched a 6-week (from August 24 to October 5) TGE plan, during which Fables will proceed with the TGE at the end of the plan. The entire activity totals 1 billion points, distributed daily, with all LPs who increase liquidity for Fables able to earn points.

However, Fables did not specify whether the TGE will launch on exchanges or only issues tokens on-chain.

As of the time of publication, Fables platform's total TVL has reached $4.3 million, with two pools having a TVL of over $1 million; the ETH/USDG liquidity pool has a TVL of $1.97 million, and the GLD/USDG liquidity pool has a TVL of $1.34 million.

RAMSES: Arbitrum's well-known AMM landing

Ramses is a multi-chain AMM that has been online since 2023, known as a relatively well-known AMM on Arbitrum, and has now deployed to Robinhood Chain. Ramses differs from up. and Fables in that its fee model on Robinhood Chain uses pure V3 DLMM, with no ve governance.

Ramses has also launched a new token RAM on Robinhood Chain, with a current market cap of about $8 million. As of the time of publication, the largest pool in Ramses on Robinhood Chain is ETH/USDG, with a TVL of approximately $1 million.

Delta: Automatically converting protocol fees into liquidity

Delta is the liquidity layer on Robinhood, launched on August 10. Delta adopts a traditional AMM architecture, allowing users to add both bilateral and unilateral liquidity to token trading pairs. Users can also directly deposit tokens into staking pools, while the project will automatically convert income into liquidity and inject it back into the pools. As of the time of publication, Delta platform's total TVL has reached $1.37 million, with total fees of $895,000.

Delta has also issued a token DELTA, currently with a market cap of about $16.8 million, with the highest market cap reaching $38 million.

Ekubo: Starknet's old project "gold plating" failed

Ekubo is an AMM project founded in 2023, previously active in Starknet and the Ethereum ecosystem, with a total TVL of $19 million on Starknet.

On July 31, Ekubo announced support for Robinhood Chain, allowing players to enhance liquidity for the token trading pairs on this chain. However, Ekubo does not have high TVL on Robinhood Chain, only $910,000, with the most popular liquidity pool being ETH/USDG, with a total TVL of $96,000. It is evident that the project has not successfully "gold plated" on Robinhood Chain.

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