v on Farcaster

Content pfp

https://warpcast.com/~/channel/fc-updates

0 reply

0 recast

0 reaction

Varun Srinivasan pfp

Varun Srinivasan

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

25 replies

113 recasts

871 reactions

Varun Srinivasan pfp

Varun Srinivasan

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.

18 replies

28 recasts

214 reactions

derek pfp

Thanks for the clarity - is there currently a plan for the project tokens?

2 replies

0 recast

15 reactions

Jared pfp

@garrett update from what I shared this morning

0 reply

0 recast

2 reactions

Winder pfp

Everyone got their 2 cents on what to do but they didn't pony up the dough to buy the project. OMG! So didactic 🤮

0 reply

0 recast

0 reaction

Winder pfp

Ur a company, get a good tax guy and u won't pay taxes, ur pre-revenue

0 reply

0 recast

0 reaction

Phil Cockfield pfp

0 reply

0 recast

0 reaction

avi pfp

what happens to the fees earned in the project token?

0 reply

0 recast

0 reaction

JG pfp

Is this fee buybacks based on 10/24 or 10/25, or both? A public dashboard is for sure needed because this is much lower than projected 2/3 buybacks on fees, would be great to have more transparent clarity. https://dune.com/jgall/clankerflywheel

1 reply

0 recast

2 reactions

Stuart pfp

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.

0 reply

0 recast

2 reactions

degen boy pfp

yo bro my friend trying to sign in it’s asking for pay ?

0 reply

0 recast

1 reaction

100xfarmer pfp

0 reply

0 recast

0 reaction

Nicholas pfp

What's the plan going forward?

0 reply

0 recast

0 reaction

Rod Mamin pfp

0 reply

0 recast

0 reaction

Sec Leo | base.eth pfp

Sec Leo | base.eth

Thanks for clarification to avoid confusion. Will those dashboards go live onchain or via app first?

0 reply

0 recast

0 reaction

Soren Wilder pfp

so basically, you’re saying that every 1% of trading volume is just a tiny drop in the bucket for you guys? got it. sounds super transparent.

0 reply

0 recast

0 reaction

Intriguing Art pfp

Sounds good 💯

0 reply

0 recast

0 reaction

noice pfp

https://app.noice.so/?castHash=0x1a507bea08d00b484aeeb576ad7925f658db9979&timestamp=1761514824003

0 reply

0 recast

0 reaction

hifaz pfp

What is clanker? Have a few would love to know more what it does?

0 reply

0 recast

0 reaction