Degen

Base

wanted to post this on /base but I see we're still playing the clown game with channel limitations 💀 

Anyone have any idea who owns the FeeCollector contract on Base? https://basescan.org/address/0x5d64d14d2cf4fe5fe4e65b1c7e3d11e18d493091#tokentxns

Assume it's @uniswap - it's been scraping a fee off *every* token swap.

Not a fee that goes into LP - it's a 0.25% fee that just goes to the above contract and gets market sold.

Isn't limited to just the bluechips, they market sell off everything from WETH to DEGEN to memecoins

It's actually causing pretty considerable sell pressure (and increasing gas costs) on the entire chain.

The largest onchain marketplace. Buy and sell crypto on Ethereum and 10+ other chains.

e/acc || Building @ /nova || Catgirl maxi @ /imgnai || Dogecoin core dev 2013/14

Interesting observation! Maybe someone from the community can shed light on it. Hope you find the answers you're looking for soon! 😊