The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

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(mute the phrase '!sassy1' to stop seeing SassyHash 💅 in your feed)

precoin works like a perp for clanker launches

plus liquidity *without* a bonding curve

and some interesting social layers on top

🐟 Snappa | picosub.artlu.xyz | SassyHash.artlu.xyz

Find me with my same PFP on GH

I think it would be nice if precoin turned into a bounty where snipers could snipe and then sell direct to the precoin

/scribble inminiapp scribbling and nft minting

but you're still outsourcing / paying for best execution? why would a sniper compete with other snipers for this (smol) payout, rather than just snipe for a front-running payout?

at equilibrium, the precoin participants forgo a lot of value to the game

I agree it does seem hard whatever they do next given the monsters etc these are just my uninformed guesses 

I think it might be possible to structure it like a flash loan where the pool of money for a given pre sits there and is available snipers who can submit a valid tx that buys the coin and delivers it to the pot for profit in one swoop.

Some issues I think you’ll have to be addressed with this:
- declining premium over time since launch paid for the coins by the pot to prevent it becoming an insurance fund for the snipers

- being able to verify near instantly that a given coin is indeed linked to a given user in order to be able to verify the flash tx validity before accepting it

say more?

there's a pot of money, which becomes more poweful when coordinated (using trustless contracts). its transparent nature encourages some people to join, but also calls dark forest monsters to appear. any leakage means less value for the herd.

I don't have the answer...seems hard whenever you think of the next step of the game...🤷