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Chinmay 🕹️🍿
@chinmay.eth
We crossed our threshold of 500 signups for @basketdotfarm. Time to build our v0.1. Here is the roadmap: # Basket creation flow; * Anyone on warpcast can chat with @basketdotfarm to create their own basket. * They will get a link to promote their basket. * The link will have the basket details. * The link will work in Frames v2 as well. * Most ERC20 tokens on @base are supported # Basket purchase flow * Anyone on farcaster can buy the whole basket in 1 transaction * The assets are purchased and sent directly deposited to the buyer's wallet # Creator fee collection * Basket usage fee is 1%. * 30% goes to the creator and promote of the basket. * 70% goes to the basket team to support the infrastructure and build more functionalities * We'll send fees to the creator's wallet that is attached to their warpcast account # What's coming in the later versions ... * Auto-rebalancing * Verified creators, baskets and tokens * Direct wallet integrations Any suggestions? Feature request? Open to feedback!!
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WetSocks💦🧦
@wetsocks.eth
just so i'm understanding, this is kinda like pham right? so i would pick a few coins to put in a basket and that's how it works? also: any plans on upping the % creator gets? I know clanker, clankpad, etc offer higher % so wondering how you'll deal with that competition
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Chinmay 🕹️🍿
@chinmay.eth
Not sure if I have heard of Pham. Can you share a link? Regarding fees, it's TBD. Depending on the fees generated we can look into it for the future updates.
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WetSocks💦🧦
@wetsocks.eth
yes here's the link: https://ham.fun/pham tldr: it takes popular tokens (tybg, degen, doginme, chad, etc) all into an index, so that's kinda how i am assuming basket works? you pick a few ERC20 tokens and put them in a basket? or am i misunderstanding something
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Chinmay 🕹️🍿
@chinmay.eth
Yup. This is very similar. I'll be reading more about Pham and see how we can collab. Also, now, anyone can create something similar to Pham based on their beliefs.
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WetSocks💦🧦
@wetsocks.eth
sweet!! thank you for clarifying excited to see the release!
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