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.

It’s gonna probably be pretty painful for b0 thru v3.1 projects to have you selling the native token side of the fees. Is there maybe a more cooperative approach that could be taken? Adding it as LP? Burning them? 

That will create a lot of downward pressure on most Clanker projects if the main LP is selling.

Dude from Florida and founder of /insider-trading.

BRACKY

Agreed. Understandable to want to make the money off treasury sales from the acquisition — but would be way more community forward to LP and harvest from boosting those early projects rather than do what will be seen as “dumping” on them.

EVMavericks #123. Professional $L taker. I’m not for everyone.

Yeah I actually think that’s the issue. The sales are pretty miniscule over time. But it’s bad optics and messaging.