Man I’m so confused, what the heck is stack market?

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

https://www.stack.so/profile/0xCe4Eb76664210426e900C20D4A3741A6b0f64855?tab=Leaderboards

Experimenting, Fun, DeFi, Consumer Crypto & Ghouls

I don't understand, did they just launch bonding curve tokens on behalf of everyone on Farcaster?

It's a little market feature I made this month where people can buy tokens that represent underlying ETH accounts – this creates a sort of reputation marketplace. For each trade, the underlying account gets 1% of the trade value, and 30% of the supply is dripped to that account over 1 year. I feel like this is a very pro-social approach; it would be good to know why it seems confusing. 

I wasn't expecting it to blow up so much, but it did do $8m this week in volume, and over $80k in ETH was sent to underlying accounts, without those accounts needing to do anything – this is probably unprecedented for a new app to do, which I think it's pretty cool. It brought a lot of people over from Solana and we have a lot of people who are new to crypto entirely get on and remark that it's great.