# DefiLlama fees — X 热门讨论 (2026-09-28 16:57 UTC)
## @Eli5defi (Eli5DeFi) · 09-28 13:01 · ♥26 ↻4 💬11 With Robinhood Summit coming tomorrow, September 29, I think @ponsdotfamily is worth watching, especially with V3 being teased.
However, volume and revenue are slowing which expected after insane run for the past two months.
For September 21–27, DefiLlama recorded roughly $231M in launch-curve volume and $2.21M in protocol revenue, down 44% and 39% against the previous week.
That makes V3 interesting. A launchpad needs reasons for capital to stay after the launch excitement fades.
Pons V2 already graduates tokens into permanently locked, full-range Uniswap v4 liquidity. Its hook handles trading fees and pays creators in the paired asset.
One of the V3 teasers point toward “Anchor,” an additional liquidity layer for existing pools.
@MEADGod describes deposits thickening liquidity and earning additional yield. Preview screens shared show Shield (to prevent IL?) and Rebalancing modes, plus returns recorded in assets such as NVDA tokens.
The apparent direction is to put more liquidity near the prices where people actually trade, then actively manage it.
If delivered well, that could mean less price impact for traders and a reason for depositors to keep capital in Pons pools. For stock-token pairs, the attraction would be earning in the paired asset while supporting an active market.
But better liquidity cannot manufacture demand, and this is the reason why I think Pons is moving from launchpads to core infrastructure for utilities project that have more lasting demand, such as:
- @orbiodotso - @shroom_network - @BundleCatAI / @Moshdottrade - @deltaliquidity - @PareStocks
And more.
On the flip side, yield pools can unlock more composability across protocols, like @pendle_fi’s SY design (making PT/YT possible).
But market activities only keep paying if the tape keeps moving. If trading cools off, piling in more deposits can end up diluting everyone’s returns while volume stays the same.
Still, the key details aren’t out yet: how rebalancing works, how withdrawals and impermanent losss are managed, what security work has been done, and how depositor yield actually flows into $PONS value.
What does seem clear is that hooks will be the backbone of v3.
Can’t wait for v3 and to see what @vladtenev drops at the @RobinhoodCrypto summit.
NFA. DYOR. https://x.com/Eli5defi/status/2104556998411030873