Bought the dip on the way up at 4.81M. Fables is a ve(3,3) DEX with hook-native dynamic fees, live on Robinhood Chain. Thesis: 20M+.
Thesis
- Fables is Aerodrome rebuilt on Uniswap v4 hooks: a ve(3,3) DEX with pair-specific markets and dynamic fees that compensate LPs for volatility.
- Aerodrome became the liquidity hub of Base. Robinhood Chain has $1.4B in daily DEX volume and no dominant native venue yet.
- Good entry during a small dip on the way up. Volume at the time of the call was strong and the chart had just printed a higher low.
Risks
- ve(3,3) emissions models have a history of inflating away if fee capture lags.
- Competes with Uniswap ($192M TVL on the chain) and up v3 for the same pairs.
“Thesis, under valued. Should be trading at 20m+ market cap.”@MemeIndexer, 30 Aug 2026 on X