This episode of the Ox Research podcast delves into the significant impact of Binance spot listings on token performance, the innovative Jito Labs’ TipRouter, and Tensor Foundation’s shift to a social trading platform, VectorFun.
Binance Listing Premium
- "The data shows that the event catalyst of a Binance listing can pretty materially and consistently lead to favorable returns."
- "At T0, the median repricing is 26%, and the average is 63%, which are great returns."
- Binance listings act as powerful catalysts, consistently driving significant price increases for listed tokens.
- Tokens listed on Binance post-TGE outperform those listed at their TGE, indicating a premium for delayed listings.
- The phenomenon may stem from higher-quality projects receiving Binance listings later, reflecting increased demand and selection bias.
- Suggests strategic importance for investors to consider exchange listings in their investment theses.
Jito’s TipRouter
- "Jito just announced the release of TipRouter which will basically handle the distribution of the Jeta tips in a programmatic manner instead of doing manually via an offchain process."
- "The economies have completely changed with TipRouter charging a flat 3% fee on all Jeta tips and that 3% fee is distributed as 2.7% to the Jito DAO treasury, 15 basis points to the Jito block builder and another 15 basis points to the Jito restakers."
- TipRouter automates the distribution of Jeta tips, enhancing efficiency and transparency over manual processes.
- Reduction of Jito Labs’ fee from 5% to 3% increases returns for DAO treasury and stakeholders.
- Initial high yields for Jito stakers due to limited staking, expected to stabilize as more tokens are staked.
- Potential adoption of TipRouter as a standard for priority fee distribution could drive broader DeFi protocol enhancements.
VectorFun and Tensor Foundation
- "The Tensor team has over the past few months recently pivoted into building VectorFun which is like a socialized trading app, adding social features on top of swapping memes."
- "35% of total trading fees are now getting kicked back to tensor token."
- Tensor Foundation transitions from NFT marketplace to VectorFun, integrating social trading features to boost user engagement.
- VectorFun’s referral fee structure incentivizes users to share trades and engage in community trading, driving platform growth.
- Significant revenue routing to Tensor token through trading fees enhances tokenomics but faces risks from upcoming large token unlocks.
- Reflects broader industry trend towards social trading platforms and innovative incentive mechanisms in crypto ecosystems.
Key Takeaways:
- Binance Listings are powerful catalysts, consistently driving significant price increases, making exchange listings a critical factor in token investment strategies.
- Jito’s TipRouter enhances DeFi operations by automating tip distribution, reducing fees, and potentially setting a new standard for priority fee mechanisms across protocols.
- Tensor’s VectorFun signals a shift towards social trading, integrating community features and innovative fee-sharing models to engage users and drive platform adoption.
For more insights, watch the full episode here: Link
