Content
@
https://warpcast.com/~/channel/thecircle
0 reply
0 recast
0 reaction
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/
6 replies
23 recasts
48 reactions
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.
1 reply
1 recast
11 reactions
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?
3 replies
0 recast
8 reactions
Conor Grogan
@jconorgrogan
I guess thats part of the experiment 🤷 What is "value" and how it impacts holding patterns/market participants/etc
1 reply
2 recasts
10 reactions
shishigami
@shishigami
fees from LP are used to buy and burn
0 reply
1 recast
8 reactions
Regarded
@brap
Oh also, you can track the burn on ultraround.money
0 reply
2 recasts
7 reactions
Regarded
@brap
Buy and burn. But also on top of that, the Chaos function actually doesn't just do a straight buy and then burn: it creates multiple buys/sells in the LP all in a single TX then burns. This results in creating a high amount of volume, increasing LP rewards for future burns, and leaves price slightly higher than before.
0 reply
1 recast
7 reactions
Profit Maxi
@lesserfool
0 reply
0 recast
7 reactions
