0xdesigner on Warpcast

df pfp

there are 25 clankers with a market cap of > $100K out of 13,000 is that distribution really worth 60% of lifetime fees taken from the creator?

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Ramsey 🎩🤝 pfp

Ramsey 🎩🤝

The creator can also put in the LP, if they believe in the token. Then they get 100% of the 1% fee. I mean, the 60% is "taken" only from the 1% Uni fees on the initial LP that is put by clanker, right?

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0xdesigner pfp

can you explain to me like i’m a 5th grader how i can do this

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Ramsey 🎩🤝 pfp

Ramsey 🎩🤝

Opening a liqudity pool position on Uni? Sure. First read up on "impermanent loss". TL; DR: if you put in $10 of ETH and $10 of Degen into the pool, and price of Degen pumps more than that of ETH (Degen 20%. and ETH 10%), you would be better off if you just held your assets. But bcs of the LP position you opened, someone effectively gave you ETH and took Degen. Sure you wanna do this? Great, go to the uniswap site, connect with wallet, press "pool" in the upper left, then "create position". Choose ETH (on Base), choose the other token, confirm. Select how much of ETh and the other token you want to commit to that pool (1:1 is automatically chose, meaning $10 of ETH for $10 of other token). Select tier (1% is used for clankers). Add to it. Confirm multiple times in wallet.

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0xdesigner pfp

so when the token launches, clanker creates a LP that it generates fees from and shares it with the creator. and in this scenario, i could create a separate LP and earn fees in addition to the creator split with clanker's initial LP. is that right? and if im bullish on the token, what's the optimal range to avoid impermanent loss?

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Ramsey 🎩🤝 pfp

Ramsey 🎩🤝

Not a separate LP, but yeah, a piece of that LP. Back a few weeks ago, I did just that for my first clanker (and spectacularly failed, as it went crashing down as soon as the snipers sold). I was unable to buy for solid 10mins (don't know how to buy through the contract) and was unable to make an LP position for solid 15mins. My guess is that since the first lp by clanker is pure tokens, and no ETH, Uniswap has trouble calculating exactly how much it wants for the position. It was V1 of clankers, not sure if anything is different now. Not sure on optimal range. I ape so I go full range. But I am not very good at this so...

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