Recently, a project called Miracle has started accepting waitlist registrations, and I've been seeing it occasionally on social media. The basic mechanism is an aggregator protocol for PerpDEX (futures trading DEX), structurally similar to LogX.
Like LogX, aggregator types that do not have their own liquidity sources or price-setting authority face interesting challenges. An increase in usage and the fact that token holders can actually earn do not necessarily equate to each other.
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DuskSurfer
· 12h ago
Another aggregator... I'm already tired of the same old LogX approach. When usage increases, token holders still can't make money, and that's the most heartbreaking part.
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SilentObserver
· 12h ago
Another aggregator, TVL growth goes to the aggregator, but the profits are distributed to LP... Why does this logic feel so familiar?
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SandwichTrader
· 12h ago
Another aggregator again, it seems like these types of projects are clustering together.
LogX's approach indeed has issues; high traffic doesn't necessarily mean real profit. We've seen through that a long time ago.
Miracle is a pretty clever name, haha, but whether it can break through is uncertain.
Let's wait and see if there's any novelty; otherwise, it's just a rebrand.
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SadMoneyMeow
· 12h ago
It's another aggregator; this trick has been played by seasoned veterans before.
Recently, a project called Miracle has started accepting waitlist registrations, and I've been seeing it occasionally on social media. The basic mechanism is an aggregator protocol for PerpDEX (futures trading DEX), structurally similar to LogX.
Like LogX, aggregator types that do not have their own liquidity sources or price-setting authority face interesting challenges. An increase in usage and the fact that token holders can actually earn do not necessarily equate to each other.