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andy8052 pfp
andy8052
@andy8052
When you make a token on /rodeo 1 billion tokens are minted and they are put directly into a Uni v3 pool Uni v3 allows for single sided liquidity position so no ETH is needed The token starts around a $10k market cap and has liquidity up into the high billions All liquidity is locked forever and unruggable
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Omishon  πŸ’œα–½ 🎩 pfp
Omishon πŸ’œα–½ 🎩
@omishon
this is pretty cool! So, it sounds like (reading from your site), that no one owns the LP but the rodeo contract or addy will be set as the fee address and will collect the swap fees from that LP in return for the service?
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andy8052 pfp
andy8052
@andy8052
Yeah that’s correct
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proxy pfp
proxy
@proxystudio.eth
teams can't receive fees?
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