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.

Why sell native tokens? I doubt anyone wants that

Tortoise Token

Maybe I am misunderstanding because I though these were already burned

The ones accumulated prior to the acquisition were burned. But they started accumulating again after the ownership change.

I'm here to build global community. Artist, collector, father and husband, leftist, LGBTQ. Twitter @ OurCoOpFuture. pfp by Nilus Dantes. Creator of /solidarity

Well I guess it would just be the pre-v4 ecosystem

I see. It seems kind of crazy to me for the token launcher to be putting constant sell pressure on its whole ecosystem