DeFi

https://x.com/unbanksyeth/status/1886482479747641423?s=46&t=LUwp6CEG8bj71wefilcCmQ

Farcaster can learn about liquidity too. 

@proxystudio.eth  you can learn from tbis too!

The sad state of digital assets today:

- $FART ($2B peak) 📉 60%
- VIRTUAL ($4.8B)📉 78% 
- ai16z ($2.3B) 📉 80%

CT will blame wintermute but it's much simpler: liquidity structure dictates price action, and these tokens were deployed on launchpads using xy=k liquidity... https://t.co/O1lOyoGHcr

unbanksy(real)

https://x.com/unbanksyeth/status/1886482479747641423?s=46&t=LUwp6CEG8bj71wefilcCmQ

Farcaster can learn about liquidity too. 

@proxystudio.eth  you can learn from tbis too! https://docs.google.com/spreadsheets/d/1jh31ifFY9jr1bqkqVGOl0Hp9NVd0VoGEhS7_slMISw0/edit?usp=sharing

https://x.com/unbanksyETH/status/1886482490237575635

we've been saying this since day one of clanker 

we explicitly do not want to recreate the same dynamics 

we aren't there yet but we take steps forward each day. its why I'm not really pressed about stuff like flaunch or pump, I'm pressed by how we can look way less like flaunch and way more like a platform where creators who work hard can win

To explain a bit more: fees accrued to pool effectively change the k factor in xy=k. 

When $FART first launched, it took only $17K to move price +2%. At same mc today, it takes $101K to move price +2%.

Pretty shitty situation when a coin's escape velocity is 6x harder AFTER… https://t.co/Y2hHm4ugTd

This btw is not specific to $FART. Every pumpfun token suffers from this. And since most launchpads today simply copy pumpfun, they all suffer same fate.

Next-gen launchpads is not about copying what exists. It's about solving these structural liquidity issues.

This is what…

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

| 🎩  |  ↑  |  ⌐◨-◨

yeah we actually hired someone to work on stuff like this