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.
14 replies
8 recasts
119 reactions
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.
2 replies
1 recast
2 reactions
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.
3 replies
0 recast
9 reactions
will
@w
if you burn, can you expense the cap loss & residual value? there also might be a way to ~donate them as a tax write-off to a non-profit with the goal of furthering the interests of each project, or something
1 reply
0 recast
0 reaction
Dan Romero
@dwr
Non profit would sell for cash?
1 reply
0 recast
0 reaction
will
@w
ideally not, otherwise you end up in the same place I think xfr'ing to non-profit gets the tokens off your books and removes the associated taxes (possible even to set it up onchain such that the tokens never land on your books at all) then non-profit can sit on the tokens and distribute them out to contributors in conjunction with the token creator/org, or just adds liquidity, or something idk. I suppose if you're just going to return or burn the tokens then you don't even need the non-profit though anecdotally, plenty of crypto people do kyc/kyb for e.g. op rpgf. Plus the limit next year goes up to 2k
0 reply
0 recast
0 reaction
