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ok so usually

is miles ahead of the competition but c'mon guys CAN WE PLEASE STOP CALLING THIS REVENUE? theblockcrypto.com/genesis/78149/ Maker rebates aren't revenue, they're just another name for "bid ask spread".

theblockresearch.com

DeFi Relative Valuations

With the help of explicit "earnings data" within DeFi protocols — visible via smart contracts on public blockchain networks — today's DAOs provide

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oh yeah totally agree -- taker - maker = exchange revenue but in that article, they're just "maker rebate" as revenue. E.g. for Uniswap, which is 30 taker / -30 maker, "revenue" should be 0 but they're counting it as 30bps.

1:27 PM · Sep 21, 2020Twitter Web App

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so FWIW I find that on like 80% of things they're good and 20% they're randomly biased, which is a lot better than others most crypto news though that's a low bar :P and yeah agree that binance was a bit of whiff, really both sides whiffed at each other on that one

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