CryptoXman
@cryptoxman
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Roberto Bayardo 🎩
@bayardo.eth
I'm a little later to the $CIRCLE party than I would have liked, but I'm now here for the chaos.
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CryptoXman
@cryptoxman
$circle now doing the ballistic missile launchpad pattern
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CryptoXman
@cryptoxman
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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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CryptoXman
@cryptoxman
It’s an eternal chaos engine that will just generate a bigger and bigger black hole of liquidity and volumes
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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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CryptoXman
@cryptoxman
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