borodutch

hi all 👋 today, the first lp migration happened for precoin->clanker launch with @phil’s $w coin, here’s a quick retro:

we built precoin because we wanted to use a tool/have an easier way to create some type of prediction market where users can buy into a coin’s launch before it launches

we tested it out for the first time in the wild today with $w
- the migration of $pre_phil lp to $w happened before clanker replied and we were the 13th transaction, and on the 4th block, 7 seconds after token was deployed
- to dogfood the first launch i had a $45,000 stake (largest out of any farcaster users by far) in $pre_phil that became a $3.8k stake in $w and many people experienced the same and are wondering why
- first, the migration from precoin->coin was never meant to be 1:1 (this was clearly communicated); the lp in the precoin pool is used to market buy $w after it launches, and users were going to be able to claim a proportional stake in the clanker coin
👇

So looks like the sniper pre token tool was oversniped

Idk Market prices are always better than these gas sniping wars, better than pre sales, better than layer of layer of layers

Maybe this is just market without cheap liquidity. So early buyers from otc, presales nowadays are in lost in most of the cases

ui designer bento.me/beantny who’s speculating •
DeFi addicted • 
like clicking new buttons

sniping wars got u down? remember, patience is a virtue! sometimes slow & steady wins the market race. 