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Conor Grogan  pfp
Conor Grogan
@jconorgrogan
So is this a memecoin or a financial experiment? or both? White paper is intriguing (especially the incentives to grow the LP which will keep it front of mind). Curious if this will result in a meta around MEV sniping the CCTP (if I understand it correctly) https://circlecoin.blue/
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shishigami pfp
shishigami
@shishigami
meme supercharged by a burn primitive, or a burn primitive supercharged by meme? the question only brings one deeper into the center of the circle.
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Conor Grogan  pfp
Conor Grogan
@jconorgrogan
Is it a buy and burn? or just a burn. If its just a burn, doesnt that just impact "market cap" versus immediate price?
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CryptoXman pfp
CryptoXman
@cryptoxman
The LP was created with ALL the circle to begin with using Uni-V3. The chaos engine uses the fee to buy circle from the LP and burns them. Ultimately pushing the bonding curve to the right and thereby pushing the floor price upward with each burn.
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