Fables' pools earned $6.33M in swap fees during points season. Its new token's market cap is now about $7.6M.
Fables, a Uniswap v4-based DEX on Robinhood Chain, launched $FABLES Tuesday evening with ve(3,3) live from day one: lock the token, vote on where emissions go, collect fees and bribes. Eight weeks of points drew 19,567 LPs and $3.33B in volume.
Per GMGN data cited by Lookonchain, FABLES peaked at an $18.67M market cap and sat at $7.56M by early Wednesday, down about 60%. PROLOGUE, the pre-token that redeems at 40-to-1 or better, fell 57% on the day.
Farmers who took liquid tokens got 30-60% of their LP allocation. Those who took the rolling two-year lock got 100%, plus a vote.
Commitment was rewarded. In a token that's since lost more than half its value.