Dan Romero
@dwr
“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.
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Matt
@mattlee
What if there was a 2 - 5 year sell delay for pre-v4 native token fees to mitigate sell pressure? The assumption being that any tokens still alive will by then be able to handle it. Otherwise this could hurt small projects.
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Dan Romero
@dwr
It’s taxable income for us now. If token goes down massively, we have to pay the taxes regardless. We’re still evaluating a few options.
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Jacob
@jrf
it's worth exploring how you can offset the taxable income by distributing project tokens as a marketing expense for farcaster apptokens https://farcaster.xyz/jrf/0x21d71de8
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Dan Romero
@dwr
1099 issues :-/
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Jacob
@jrf
right, that is the problem it's cool how deel does this through an *employer of record* but i don't think an off-the-shelf (and simple) solution for this exists in crypto it's cool to see you're exploring and open to different approaches, maybe a good solution will emerge over time i'll keep thinking about it, too https://www.deel.com/glossary/employer-of-record/
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Dan Romero
@dwr
Anonymous people on the blockchain are not excited about doing this.
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Jacob
@jrf
a very good point lol is it correct that 1099s would only be needed if an individual received $600 or more? there could be a hard cap on distributions my thoughts in a nutshell: you and the farcaster team have an opportunity to set a standard for how apptokens can be circulated through the network to increase the value of all ecosystem projects yes, i see how consolidating that value in one token (i.e. $CLANKER) makes sense, and ppl can hedge accordingly but it could also be cool to add apptokens to creator rewards or other reward systems more closely tied to clanker integration in farcaster app again, i'm sure the convo won't end today, it's not a simple problem, and it's cool to see you handling comms around this over the wknd
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