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https://warpcast.com/~/channel/fc-updates
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Varun Srinivasan
@v
Clanker Update Today, we bought 914 $CLANKER for $121,463 using 2/3 of the clanker protocol fees. This brings our total ownership to 4,122 $CLANKER tokens. https://basescan.org/tx/0x6d302f895822cd3025a9217a2abd4ef9fd7a18a6089d45d88ef79da2c65e7543 https://basescan.org/tx/0xfcc53210d60f6ac9c7bdaa88da0e24ae0b373f9def9c1d2780b268bcd3f0a3fb
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Varun Srinivasan
@v
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 protocol. Some fees go to creators, other lps and other pools. The fees earned for each clanker is unique based on market conditions. We'll hopefully have more accurate public dashboards for this soon.
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Stuart
@olystuart
Oh, I misunderstood Dan's comment yesterday then! Thought it was all the project tokens. I guess that would be a lot of tx if you don't have some system to do it yet.
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