alex
@proxystudio.eth
Farcaster users wil receive 85.2 WETH in the Batch 1 Fee Distribution, or ~$259,860
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Ramsey 🎩🤝
@ramsey
wait, for what? from where is that money?
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alex
@proxystudio.eth
swap fees
1 reply
1 recast
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Ramsey 🎩🤝
@ramsey
for clankers?
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alex
@proxystudio.eth
we use Uniswap to provide liquidity, uniswap v3 pools have fee tiers, we use the 1% fee tier. that fee is charged on any swap involving a clanker. this is both our rewards model, and our business model.
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Ramsey 🎩🤝
@ramsey
No, no, I get that 😀 . But you plan to give away 85 ETH of that to farcaster users? Which ones?
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alex
@proxystudio.eth
we are currently sharing fees with token requestors! we'll try other stuff soon, including new fee models, rewards distributions
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