liquidity layer is now fully self consuming

creators on zora receive 0.5% - 1% of all trades of their coin as a reward

i've deployed a contract that receives those fees, swaps them for liquidity layer tokens, and burns them

the more the token is traded, the less remains

this is all done permissionlessly

the receiver contract is a @splits swapper, and anyone can execute the transaction to swap and burn

splits.org

active at /splits, come say hi 

that's my best understanding of the zora rewards at least. docs are here if anyone is looking for more info

that's my best understanding of the zora rewards at least. docs are here if anyone is looking for more info

https://support.zora.co/en/articles/2509953

the zora rewards come from two sources

1. when a sale happens on the zora protocol, 0.5% of the sell amount of the coin is sent to the receiver

2. fees from all other trades get sent to the zora escrow contract, which anyone can execute to withdraw and send to the receiver

it's a manual process to execute these transactions atm, but i'm working on automating them to run each time the image gets updated

this is all done permissionlessly

the receiver contract is a @splits swapper, and anyone can execute the transaction to swap and burn

https://app.splits.org/accounts/0x90Ba3cd31cf7C1d94C5397522dDA7264D48498B6/?chainId=8453

/cal 

Photographer, Artist, Web3 Educator, IP Lawyer, Patent Agent, Explorer 📸⛰️✨ 

 Building /flowcast with /mindfulness 🌊

https://wanderloots.com/links

Cool! I’ve been wondering about this. 

So to confirm, is this 100% of the creator’s earnings being burned?

epic!! how did you get zora rewards from your profile to go to the splits contract?

i won't be receiving any creator rewards moving forward, they'll all be swapped for the token and burned

Does this mean you're not making any profit from this?

you always go beyond

truly inspiration 🫡

Thanks so much @ripe for making out your time to put this out 🙏🏻 
Base on what you have shared, I understand how Zora work too.