Dynamic E-CLPs are live on @SeiNetwork with @jlyvrs. Already reaching $700K TVL and performing $7.2M of volume. Dynamic E-CLPs are designed for: - Real yield from highly efficient swap fees - Fully passive liquidity - Efficiency and safer wide range liquidity of the E-CLP

In the past: Uniswap v2 was the standard to beat. One of the only pools with positive markouts (trading PnL, which is negative if losing to arbs). Now: The best passive LP performance comes from the Dynamic E-CLP, with 3.5x the performance.

Gyro LPs love Dynamic E-CLPs because they generate some of the highest native pool APRs that are *achievable*. In contrast, pools can do very high volumes by offering bad prices. But swap APRs in this case just disguise arbitrage losses and don't translate to real yield.

Gyro's pools have the best performing markouts (profitability for LPs) on the market. And they're completely passive.

Dynamic CLPs are one of the safest dynamic pool designs while sporting the best markouts (real yield) on the market. ALMs on Uni/Aero are complicated integrations and have led to many exploits. Vs E-CLPs build in a very simple way of shifting the pool itself.

When are LP APYs 'real'? Markouts is a very interpretable tool to help answer! Gyroscope's Dynamic E-CLP gained 4.5% last month in markouts, which is a direct trading PnL vs the market. That's 69% annualized (compounded), which for this pool explains most swap APYs. In contrast, beware of pools where markouts are much less (or negative!) than swap APYs. Those are pools where LPs will likely get rekt.

Dynamic CLPs are doing amazing stats for the crypto majors (ETH and BTC pairs) and will keep scaling. But where is the next 1000x liquidity opportunity? Onchain currency markets (forex). Dynamic CLPs were designed for this. - FX volumes $2T/day >> $8B/day total on DEXs today - FX penetration onchain is tiny today, only 0.0005%. Bringing just 1% onchain would grow the pie of total DEX markets today by 2.5x -- plenty of room for Gyroscope to grow into. FX markets are the most liquid markets in the world but at the same time some of the least competitive for consumers to access. You can trade SPY/USD for 1 cent spread (< 1bp), but typical EUR/USD trades cost 50-300bp for consumers. If the volume routes onchain, onchain LPs can outcompete this. In addition to democratising access to liquidity provision, stablecoins can also offer more efficient settlement structures in at least some use cases. While onchain FX has been tried before, there's never been a better opportunity than now: - Stablecoin rails are being adopted already by TradFi - Coinbase, Binance, Kraken etc are bootstrapping activity on their own chains with a vested interest and fintech connections that could port offchain volumes onchain E.g., new products could bundle USD <> USDC <> EURC <> EUR in a seamless offchain experience but using onchain liquidity under the hood to outcompete consumer alternatives like Wise. Gyroscope is in a good position to grow with this and help facilitate it when it happens: Gyroscope's CLP tech is proven, in production, and already demonstrating its profitability for liquidity providers.

Dynamic E-CLPs have surpassed $50M in volume and $140K swap fees in just a month. On pools demonstrating the best performance for LPs, measured by markouts.

If you're launching a liquidity pool for your asset, an E-CLP will basically always be more efficient than a Stableswap. Whether you want high concentration or wide range liquidity, there are always *some* prices you don't need to support. Plus, rehypothecate for higher yield.

If you're seeing APRs of 1000%+, it probably isn't real, even in crypto. In contrast, Gyro's dynamic pool APRs are amazing, and you can also understand how real they are, with the pools being some of the only ones showing large positive markouts (trading PnL).