For context, we are now (FINALLY) tracked on defillama (https://defillama.com/chain/Radix). As a result, because LSU are indeed liquid stake which means its no longer counted at the moment. Correct me if I’m wrong though. One of the best ways to increase TVL metric and show that the community is indeed quite happy to hold on their liquid stake is to provide liquidity as part of an LSU pool. One of the projects currently allow this is CaviarNine.
Great idea! This is an easy opportunity that everyone can do to make Radix more visibile. Checking out DefiLlama it looks like both @ociswap and DefiPlaza are listed and counting in the TVL too:
I would ask the respective projects both Ociswap and DefiPlaza for clarifications but I believe the act of trading as well as providing liquidity should increase TVL as well. Safest thing as far as I know though is providing LSU as liquidity, that would be my preference personally
I tried today with Caviar and I can confirm that the TVL on DefiLlama gets updated quite instantly.
what I dont like with lsu pool is only that no wallet (for example shardspace) is unable to correctly report your account total value and that could stop someone putting LSU to work because then it seems you have less value in your account (I have already removed token from the lsu pool for this reason)
Of course all provided liquidity to Ociswap pools counts as well immediately (also the non XRD token in our pairs).
No protocol design ever is completely risk free. There’s math involved, something can unexpectedly work against you etc. Use Ociswap, Caviar and DefiPlaza offerings with caution.
We try to mitigate as much as possible with extensive internal testing and audits, therefore giving us a little more time to deploy more complex features such as concentrated liquidity, hooks, oracles, math libraries, LSU pool (sXRD) etc. ( soon )
I was thinking we could ceeate a new metric for Radix to help enourage TVL growth…“Proportional Value Locked” being the ratio of TVL to market cap.
Radix is currently around 1% TVL/MC while Solana is about 2.5%
Maybe someone with a functioning brain like @Austin or @NellySayon could use DeFiLlama and Coingecko data to create a leader board chart for “PVL”…?
Why would this be a good metric? Because it controls for size. We as a community could set ourselves the realistic goal of getting Radix to No. 1 in PVL and therefore the pound for pound King of DeFi
That’s a great idea and also a nice way to visualize the growth of our TVL compared to MC. I was thinking about showing the rate of growth of TVL (sort of like the derivative of TVL, would be cool to link spikes to certain events, like the whole “pamp TVL campaign” we’re doing), but maybe your metric is better since it also accounts for market cap.
The Valuator (https://www.caviarnine.com/valuator) correctly shows the LSU Pool liquidity value. It’s currently a beta release but soon it will show the value of liquidity too.
