been thinking about LP fees, which is the 1% fee on every memecoin transaction going primarily to the platform making the token

platforms taking 60% feels intuitively too much to me - but platforms can do as they please

thats higher than the take rate on youtube(!) which is 55%, and youtube has a strong and entrenched distribution network effect as a web2 platform

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

it’s going to be like NFTs, the fees will get competed down to 0 over time