fc-updates

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

I also want to clarify a few things about how fees work: 

1. Clanker protocol earns fees in both WETH and project tokens. We only convert the WETH to buy more $CLANKER as of now. 

2. A third of fees are reserved for taxes. 

3. Using 1% of all $CLANKER trading volume is not a good proxy for fees earned by the protoco

“Why isn’t it just 1% of all volume?”

To get more specific:

v0 through v3.1 Clankers: fees in WETH and native tokens. We haven’t sold any of the native tokens yet but likely will. 

v4: fees in WETH. This has been swapped into Clanker. 

LP position: fees in WETH and Clanker. We keep the Clanker and then swap the WETH for more Clanker.

Additionally, fees are not generated in pools on Aerodrome or centralized exchanges like Coinbase.

@dwr please consider an approach like this:

@toady_hawk @varunsrin @farcaster_xyz @betrmint @BrackyHQ @clankeronbase @bankrbot I’m curious to hear what ideas you have as a stakeholder?  Inject received tokens to LP to further increase fees?

@BoothTempleton @toady_hawk @varunsrin @farcaster_xyz @betrmint @BrackyHQ @clankeronbase @bankrbot Here’s my idea. 

Distribute these tokens as emissions to a token/clanker LP. 

So if 10k usd of $i is accumulated then 10k usd of $i is used as incentives for an $i/$clanker pool. @dwr

0xWives (eth to 5k arc) 👾

@dwr please consider an approach like this:

https://x.com/0xwives/status/1982543594759332350?s=46