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martin ↑
@martin
some thoughts on building a network of higher-aligned tokens
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SAINTLESS
@saintless.eth
not the burn people wanted but the "burn" people needed how is it improving liquidity for higher?
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martin ↑
@martin
still wrapping my brain around it, BUT - if you have a new coin, let's say $FASTER, launching with $HIGHER pair, starts small like $30k in $HIGHER and $30k in $FASTER - as it grows, more $HIGHER is put in the pool, and $FASTER goes up, meaning there is more value in the pool - if someone wants to buy or sell $HIGHER there are now more pools that store value? could be wrong, i guess having an additional $FASTER/ETH pool would be valuable here
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SAINTLESS
@saintless.eth
not sure it necessarily improves higher liq unless the route is thru all the associated tokens the trend is now one sided liquidity, nobody launching a token wants to put 30K of their own money in the LP so I wonder if a collab with clanker might be possible? <clanker launch $FASTER but pair it with $HIGHER>
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tldr (tim reilly)
@tldr
This is a cool idea! How would it change the experience of the early buyer (if at all)? Their early trades more successful if they are using higher?
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martin ↑
@martin
Most likely would be the same - ETH gets routed to $HIGHER to their token when they buy automatically
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alex 🎩
@proxystudio.eth
If it’s a direct pairing (token/higher) an ETH swap to TOKEN will be routed through higher Higher slippage (see: virtuals) Would increase demand for higher and generate lp fees But both of those scenarios assume demand for these assets. Feel like what higher could do, is help communities bootstrap in all the important ways. So many people are asking me for help with that rn
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