m00npapi ???? bro on Warpcast

m00npapi ???? bro pfp

m00npapi ???? bro

First off congrats to Leo I think it’s awesome that creators can get paid this way What I don’t love seeing is the liquidity on these erc20z those wicks look like a lot of people got murdered and slipped for something crazy like +/- 50% in seconds If you are going to provide a market you kinda sorta either have to bootstrap liq better or commit to making the market (and collect on the spread) You can shrug it off as markets are PvP but look at charts of erc20z (zors mints that got deployed) versus any normal erc20 Any time there is action someone is getting clobbered and the spreads are typically >>20-30% which is not right

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pastel ← leo ꓽꓽ) pfp

pastel ← leo ꓽꓽ)

valid criticism, @zora can speak to the way liquidity on secondary markets is structured as for me, i just want to release my art and exchange energy with the people who resonate with it. my first ever nft drop was on zora in 2022. releasing there simply bc i like the vibes

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m00npapi ???? bro pfp

m00npapi ???? bro

No for sure dude - that’s your right and you should be getting paid I think zora does this EXTREMELY well and their model of “it pays to collect” has been an inspiration for many teams including clanker etc - I just don’t like the parts I stated Keep vibing 🫡

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pastel ← leo ꓽꓽ) pfp

pastel ← leo ꓽꓽ)

heardd , also genuinely didn’t realize there would be problems with the liquidity so thanks for pointing that out, will adjust the way i’m talking about secondary market next time around

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agusti pfp

I think this is a lack of education issue on Zora's part, they make think the creators/artists is all set and forget but the reality of it is for any erc20 to -do initially decently well- someone should seed the initual liquidity. It can be anyone, but if you want your erc20z to have -volume trading- i'd be smart to be yourself the first to setup that pool (and collect fees from it) again, this is 100% on zora not explaining how thinigs work and nothing to beat yourself on, we learn even if they don't teach us 🤝

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agusti pfp

basically the new erc20z zora wrappers allow any non-fungible (nft) token to become fungible by getting wrapped on their contracts, when you do this, if there's 0 eth on the LP, people can only but the wrapped tokens at sale, one-sided or single-sided liqiuidty pools have higher slippage issues do to them not being able to serve users when they want to buy if there's not enough LP in the pool, sorta

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pastel ← leo ꓽꓽ) pfp

pastel ← leo ꓽꓽ)

i do know that 10% (about .0000111) from each primary sale automatically goes to seed the liquidity on secondary market. what do you think is a good amount of liquidity to create a truly liquid market ?

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agusti pfp

I have no idea tbh havent digged much on the zora stuff, maybe the issue was lack of the other token then, having the LP only eth? like the solution could be you self-mint several of yours and add them alongside some eth as initial LP too? no idea tbh @iain might be able to help!

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iain pfp

yes! the key issue isn’t enough liquidity and we’re working hard n a way to make that more possible to users to add further liquidity. it’s tough when we don’t want to increase fees or raise the minting threshold too much. artrun.io has some nice tools for this right now

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m00npapi ???? bro pfp

m00npapi ???? bro

I think offering rewards somehow for adding liquidity would be the least work on y’all’s part and solve a lot of the issues - Regardless thanks for sharing this, it feels good to be seen by the apps you use :)

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