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Ael 🎩🍖 pfp
Ael 🎩🍖
@ael-dev
Next pup looking so good
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ArsalanG.base.eth Ⓜ️🍖🎩 pfp
ArsalanG.base.eth Ⓜ️🍖🎩
@arsalang75523
What happend when all of WOOFs will be mint ?
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Mark Carey 🎩🫂 pfp
Mark Carey 🎩🫂
@markcarey
As @ael-dev mentioned, MintClub tokens never technically "graduate"** from the bonding curve. Also as mentioned, being an ERC20 token, LP pools can be setup at DEXs, at any time, by anyone. This sets up arbitrage opportunities between the LP pool(s) and the bonding curve, which, in theory, should price the price into alignment. I find this concept fascinating, and would like to experiment with it (with woof or another token). **MintClub tokens do have a max supply, which infers a maximum price. If a token fully minted out and the market began to value the token a price above the max price, then in theory it could effectively graduate from the bonding curve and all trading (above the max price) would happen on DEXs via LP pools. In that event, the "parent token" (degen for woof), would remain in the bonding curve contract. But as @ael-dev said, fully minting out is very unlikely for tokens with curves like $WOOF: it takes more and degen to make progress up the curve, and the incentives to sell grow.
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Ael 🎩🍖 pfp
Ael 🎩🍖
@ael-dev
I dug a lot into different arbitrage opportunities and researched them on Degen Chain too. If you launch a token on Mint Club + DEX, you will get swarmed in with arbitrage bots who will indeed balance your price automatically basically. Speed of those bots is crazy too, they can close arbitrage window within a second or the same block even.
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Mark Carey 🎩🫂 pfp
Mark Carey 🎩🫂
@markcarey
This is really interesting to learn. I was think I might have to code up an arb bot to experiment! I guess I should know better, if there are opportunities to profit, someone will. Even on Degen chain. On the positive side, it validates the dual liquidity concept of bonding curve + LP. I think there is potential in that combo 🤔
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Ael 🎩🍖 pfp
Ael 🎩🍖
@ael-dev
If you ever code one up, please teach me! I tried to figure it out but ended up banging my head against the wall for too long. 😅 It’s hard to get one going in the first place, but you also have to compete somehow against already fine-tuned software! When Degen Chain just went live, a lot of cool memecoins were pumping. Some had a cool interaction with flat-ish Mint Club curves that acted like a soft cushion for the coin’s minimum price point. The coin would max mint on Mint Club, and when the price on the DEX fell toward the Mint Club price range, the coin’s price would stabilize there, basically acting as a price bottom. Some other coins would also stay at specific ranges for a long time on the DEX, following the Mint Club curve, with lots of volume at each price level. And price would jump up and down 20% at a time and stay at those levels. Lots of cool price interactions you can play around with! ☺️
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