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carter
@carter
clanker where the fees _automatically_ go to buy degen 1. deployed this clanker 2. gave up ownership to a smart contract 3. anyone can call the smart contract 4. it uses all the fees to buy degen and pays the caller 5% currently $3 worth of degen just for clicking a button https://basescan.org/address/0x24a39D87b790afD29f6FfF69a65878a0C62F39E2
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Coop
@coopahtroopa.eth
Why redirect the buybacks to $DEGEN where it has such little impact on price vs WIFHAT instead? Really fascinating experiment - is this what's happening with WIFHAT fees currnetly? 1000 $DEGEN
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BrixBountyFarm 🎩
@brixbounty
It seems the reason is "The Hat Stays On" -- pretty based by @carter FWIW we are doing a 'dividends' mechanism with our $OIL Clanker fees Proxy gets 1% from the original lp, shares 40% of this with us (effectively .4%) WETH share gets distributed to our Whales and Tycoons and the $OIL share will either be burned or locked into a very, very long contract - effectively reducing supply every time we receive fees from Proxy. We just received our first share yesterday -> 1,330,524,955.932585 $OIL (1.33% of the supply) that will be forever out of circulation. Will be sending the WETH to the Whales and Tycoons who were included in the snapshot tonight & tomorrow. Should be kinda fun once we energize the system a bit in the coming weeks... @proxystudio.eth @zinger
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