jasonmeinzer.eth 🎩↑
@jasonmeinzer
Dex getting updated momentarily with following info with @bountycaster bounty incoming to architect the automated distros: The Clanker Index is a synthetic index fund envisioned to provide holders exposure to the Top 25 Clanker tokens, such as $ANON, $LUM and $BLONDE amongst others. The Clanker Index is the debut vehicle from memeticindex.com, a platform for innovative onchain synthetic index funds. Distributions, if any, are intended to be airdropped or made claimable monthly to token-holder wallets, allocated pro-rata based on individual holdings and the index’s collective performance across the Top 25 tokens. (continued 👇)
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jasonmeinzer.eth 🎩↑
@jasonmeinzer
The Distribution Methodology (subject to change) proposes to allocate 25% of the prior month’s LP fees obtained by the fund for distributions to the Top 50 token holders for index performance between 25% and 199%, 50% for performance between 200% and 499%, and 75% for performance exceeding 500%. For example, if $10,000 in fees were collected and the index achieved 250% performance (e.g. total market cap grew 2.5x from $100M to $350M), $5,000 could be distributed to holders. A wallet holding 10% of the total supply could receive $500, while a wallet holding 1% could receive $50. Alternatively, distributing the entire $5,000 could be distributed to a single holder with a no-loss prize vault via pooltogether.com and/or withfabric.xyz. (continued👇)
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jasonmeinzer.eth 🎩↑
@jasonmeinzer
The fund and the index are anticipated to be rebalanced monthly and reconstituted quarterly. Unused LP fees are retained for operations and additional distributions. $CLANKERINDEX is not a security and subject to loss, slippage, change, suspension, etc. at the sole discretion of the team.
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