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https://onchainsummer.xyz
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alex 🎩
@proxystudio.eth
@clanker did you know that you are currently #3 project tracked by @defillama on @base for cumulative fees/revenue? behind only Base itself and Aerodrome
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memes4airdrop
@wake
i'm sure you've mentioned it somewhere, but... what does $CLANKER and co do with those fees?
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mvr 🐹
@mvr
40% goes back to the clanker creator fid
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memes4airdrop
@wake
which is proxy. the questions stands 🥃
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alex 🎩
@proxystudio.eth
v1 - current contracts - LP us custodied in locker, locker is owned by user, but fee recipient + fee is set to clanker-safe-2 v0 - locker contracts admin is clanker-safe-1, clanker EOAs used to deploy those coins have to collect fees, locker auto splits fees to user address we pull from neynar dune, locker auto splits our share to the safe. clanker is a business, man
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memes4airdrop
@wake
looked over your github. the fee share is still valid? clanker takes 60% of derivative token's swap fees? it also keeps 100% of its own swap fees?
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alex 🎩
@proxystudio.eth
think you are confused user requests a memecoin, clanker deploys (totally free, we charge 0 fees, user pays nothing) those coins are added to a univ3 lp, lp is sent to the locker. user FID, cast hash are recorded on the erc20 contract, and the user is set as the admin on the locker contract (locked until 2100) the locker records our share of any fees collected the from LP - 60% at present, and the user can claim their fees at any time v0 was a bit different, we upgraded locker + token factories the swap fee is just Uniswap's 1% lp fee
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memes4airdrop
@wake
that sounds right to me? you earn a percentage of every manufactured token's trading volume in perpetuity? or no?
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alex 🎩
@proxystudio.eth
correct fees are earned as long as they are generated, and we take a percentage and give a percentage to creators people are building on our stack with lots of further fee-split customization! we make the majority of our revenue from coins succeeding, over time than we do when coins die early - sort of the opposite rev model to pumpfun
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