Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$118.11KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $118.11K | -- | -- | -- |
| Oct 2026 | $295.2K | -- | -- | -- |
| Sep 2026 | $0 | -- | -- | -- |
| Aug 2026 | $0 | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Fables
Fables is a non-custodial, dynamic-fee ve(3,3) decentralized exchange built on Uniswap v4, running on Robinhood Chain and serving liquidity providers and traders; it is discussed as a hook-native ve(3,3) DEX on that chain. In contrast to most DEXs that charge one static fee on every trade, Fables gives each market its own Uniswap v4 hook that adjusts fees in real time based on volatility, flow and time; for tokenized equities, it also uses calendar-based pricing to address overnight gap risk. On top of Uniswap v4, the protocol adds a ve(3,3) layer in which users lock FABLES as veFABLES and vote on emissions, directing incentives toward markets that actually generate fee revenue. fables.fi
As of October 30, 2026, DefiLlama reported TVL of about $24.8 million, cumulative fees of about $7.14 million, and zero protocol revenue because no protocol fee is enabled. defillama.com The project went live on Robinhood Chain in August 2026 and completed the FABLES token generation event on October 20, with ve(3,3) voting, staking and emissions enabled from day one. nitter.rdrama.net
Major developments: PROLOGUE went live on LBank spot on August 30 at 05:50 UTC (PROLOGUE/USDT), with deposits open at listing and withdrawals from 06:00 UTC on August 31; the token is deployed on Robinhood Chain.
Supply: Total supply is 1B and is treated as fully circulating by CoinGecko. Project materials state PROLOGUE redeems at TGE into the FABLES governance token at roughly 40:1, i.e. 1B PROLOGUE for 25M FABLES. It printed a low of $0.000258 on August 18 and a high of $0.019659 on September 4.
In 2026, Fables' points and Creator Fees programs went live, letting LPs earn both points and fee shares on supplied liquidity
Future strategy and roadmap: After the PROLOGUE points snapshot on October 17-18, Fables formally launches the FABLES token TGE and adopts a ve(3,3) governance model binding liquidity providers' votes to fee distribution. With sizable TVL already in ETH and USDG markets, it will next connect Robinhood Chain to cover its 52 trading markets' assets and liquidity, and widen Creator Fees and the points program so LPs earn both points and fee shares while providing liquidity, deepening the DEX's community incentives.
Fables is a very small technical team built around protocol lead Yanis Berkani and co-founder Carl Schmidt, who posts publicly as cs361. Berkani studied computer science at EPFL in Lausanne and took a master's in cyber security at ETH Zurich, starting as a blockchain developer at Perspective on the APWine protocol, later renamed Spectra Finance, where he rose to head of smart contracts; in 2025 he co-founded Alphix, a dynamic-fee market maker on Uniswap v4, and became its CTO.
The two forged their partnership in hackathons, and their joint project Canary, a parametric insurance tool priced by prediction markets, reached the top ten at ETHGlobal New York 2026.
Fables sets dynamic per-pool fees on Uniswap v4: equity pools switch baselines by trading session, weekend and holiday, while crypto pools adjust to volatility; the off-chain keeper's temporary overrides are bounded by each pool's floor (e.g. 0.01%) and cap (e.g. 2%) and expire automatically. Fables' ve(3,3) routes pool fees to holders who lock FABLES and vote on emissions.