Garrett on Farcaster

Garrett pfp

Rainbow makes a seemingly unsolicited proposal to acquire Clanker for 4% of the total supply of $RNBW which hasn't launched yet. My initial reaction is that it seems crazy for Clanker to entertain this offer with these terms but this offer does get at the issue of the lack of value accrual for $CLANKER - Clanker team could just do some of this themselves and create a flywheel with a clearer vision of Clanker's future. Big fan of the Clanker team @dish @lobstermindset.eth @m00npapi.eth and others who have contributed to Clanker's success. Feels like an inflection point and I'm hopeful that Clanker will continue to be a project that we can all be excited about into the future.

15 replies

5 recasts

59 reactions

JAKE pfp

yea, this is generally interesting, but i am pretty confused... is this a proposal the clanker team knew was coming? has this already been agreed to? are there separate terms for the clanker team? what is rainbow actually paying who to acquire what?

2 replies

0 recast

28 reactions

laprade pfp

While the $RNBW is an attractive piece of the consideration (~20% of the circulating supply at TGE), I think you're also glossing over some of the other asks that $CLANKER holders have been clamoring for. 1. Distribution of 100% of the Clanker treasury to token holders. There are good public dashboards to do your own research on the estimated value of the treasury. 2. 100% of Clanker protocol fees to be distributed to token holders.

2 replies

0 recast

4 reactions

johnsterlacci pfp

yeeting a proposal into undefined governance is quite the white elephant

1 reply

0 recast

3 reactions

↑langchain pfp

i am curious what you think is crazy about the terms - 4% of a whole company for 100% of another company - RFV (full reset) of the treasury assets, to absolve the "team" of responsibility (re: legal obligation) - new jobs via acquihire - new token aka new price action - turning the page post proxy saga i don't think it's that bad all things considered, but i am curious of other views cuz clearly i am biased toward it being good also, idc about closed door negotiation/public post for good faith etc. it's crypto, that's how the news goes.

1 reply

0 recast

2 reactions

streetphotography.eth pfp

streetphotography.eth

It doesn’t look like those are the payment terms of the deal. The 4% of RNBW is simply a benefit offered as a result of the deal, should it be successful

1 reply

0 recast

1 reaction

Drake 🫘 pfp

Man my sceptical side says, clanker team knew this was coming, this is actually the announcement for clanker integration to rainbow, and just something to hype $rnbw

1 reply

0 recast

0 reaction

Purp pfp

The biggest thing of this prop is it gives clanker team the legal cover to turn on fee switch, which imo is a very interesting proposal

0 reply

0 recast

4 reactions

Jacob pfp

i assumed those terms were specific to $CLANKER holders and not necessarily the clanker team + assets but let's keep following no doubt CNBC and Bloomberg will pick this up and provide more details as the deal evolves

1 reply

0 recast

3 reactions

Kraken 🔵 🟡 pfp

Kraken 🔵 🟡

Clanker is a cool product, I hope it gets even stronger with or without the rainbow

0 reply

0 recast

1 reaction

Stuart pfp

This take aged well. Clank clank

0 reply

0 recast

1 reaction

Angel pfp

Fascinating stuff. Unclear to me if unsolicited or just presented this way for legal reasons.

0 reply

0 recast

3 reactions

Ghost 🎩 pfp

The biggest farcaster news of the month

0 reply

0 recast

1 reaction

Battlepoops pfp

Yeah 100% this was done behind closed doors and this is just the public facing due diligence

1 reply

0 recast

1 reaction

JR ↑ pfp

Feels like they’ve made a deal already since it’s very specific and the clanker team has literally stopped responding to any token questions in the past month. (Wouldn’t be surprised if the clanker team got a couple more % of rnbw + salaries for themselves) https://farcaster.xyz/juli/0x547beda0

0 reply

0 recast

0 reaction

noice pfp

https://app.noice.so/?castHash=0xb77f659bbb19673815bb8774eb873b86af934718&timestamp=1758618517306

0 reply

0 recast

0 reaction