#fred_letsgetonchain looks like markouts are positive on uni v3 0.01% fee pool.
https://x.com/letsgetonchain/status/2051233735421350213?s=20 LobsterDAO 🦞
https://x.com/letsgetonchain/status/2051233735421350213?s=20 LobsterDAO 🦞
X (formerly Twitter)
letsgetonchain (@letsgetonchain) on X
Interesting, positive markouts on for passive LPing on the uni v3 0.01% pool.
The below uses binance ETH/USDC spot as ref price.
Running this pool agains Dune's CEX aggregate price index also shows positive markouts.
The below uses binance ETH/USDC spot as ref price.
Running this pool agains Dune's CEX aggregate price index also shows positive markouts.
From ivangbi | ngmi (🦞,⚙️🧰)
#fred_letsgetonchain looks like markouts are positive on uni v3 0.01% fee pool. https://x.com/letsgetonchain/status/2051233735421350213?s=20 LobsterDAO 🦞
#Vagelen I get severe warnings every time I discuss here for DEXs, chains, pools, fee tiers
🤔 LobsterDAO 🦞
🤔 LobsterDAO 🦞
From ivangbi | ngmi (🦞,⚙️🧰)
#Jommi so houdiniswap finally exit scammed? LobsterDAO 🦞
X (formerly Twitter)
PFO (e/acc) (@pfo_sac) on X
So @HoudiniSwap has been acquired by @solstrategies
for 18M USD.
But guess what token holders received?
Exactly, $LOCK holders got $0. Houdini quietly abandoned the token a few weeks back.
With @craftsdev, we are building the structure so token holders…
for 18M USD.
But guess what token holders received?
Exactly, $LOCK holders got $0. Houdini quietly abandoned the token a few weeks back.
With @craftsdev, we are building the structure so token holders…
From ivangbi | ngmi (🦞,⚙️🧰)
#Ruzo11 Hokus pokus you're now brokus LobsterDAO 🦞
#Aaron_HoudiniSwap Genuinely curious if any founder has an actual take on this? LobsterDAO 🦞
From ivangbi | ngmi (🦞,⚙️🧰)
#Aaron_HoudiniSwap Genuinely curious if any founder has an actual take on this? LobsterDAO 🦞
#ivangbi You are looking for validation of your decision or what’s the question?
In the crypto land, legal rights of token holders are super shallow. At the end of the day, it’s up to the teams to see how “honest” they want to be with their communities. That’s also why Vitalik and EF are talking about gayvagueboring (according to some) CROPS - because if the economic value isn’t gonna be present and codified onchain (but rather be empty shells of RWA assets with no holder rights) - crypto will simply be worse than tradfi. That’s why tradfi adoption isn’t always good by default.
Back to the topic: it also depends whether the acquisition is simply an acquihire or a more genuine product/IP buyout. In the latter, it is very much a rug to screw token holders. There would be no justification for the actions apart from “lawyer up and stfu”. As for acquihires (which happen more often since bigger buyers need talent and expertise to execute their own product vision, and they don’t care for an existing token community or an existing IP / product anyway) - there it’s up to the team. Some teams negotiate for a % to go to token holders, and that’s very honest of them and huge respect (since communities did give them recognition, funding, volumes, and everything that led them there). The amount depends on your goodwill imho but the higher it is, the more honest it is. 50-50? Maybe, at least. LobsterDAO 🦞
In the crypto land, legal rights of token holders are super shallow. At the end of the day, it’s up to the teams to see how “honest” they want to be with their communities. That’s also why Vitalik and EF are talking about gayvagueboring (according to some) CROPS - because if the economic value isn’t gonna be present and codified onchain (but rather be empty shells of RWA assets with no holder rights) - crypto will simply be worse than tradfi. That’s why tradfi adoption isn’t always good by default.
Back to the topic: it also depends whether the acquisition is simply an acquihire or a more genuine product/IP buyout. In the latter, it is very much a rug to screw token holders. There would be no justification for the actions apart from “lawyer up and stfu”. As for acquihires (which happen more often since bigger buyers need talent and expertise to execute their own product vision, and they don’t care for an existing token community or an existing IP / product anyway) - there it’s up to the team. Some teams negotiate for a % to go to token holders, and that’s very honest of them and huge respect (since communities did give them recognition, funding, volumes, and everything that led them there). The amount depends on your goodwill imho but the higher it is, the more honest it is. 50-50? Maybe, at least. LobsterDAO 🦞
#ivangbi In case you never had an ICO, never sold direct token investors promises about its utility, and never sold liquid or OTC personal / company tokens while putting out messages that value would be accrued - then I guess it can be a full-on memecoin and then 0% could be the right percentage. Like a true loyalty / memecoin then sure. LobsterDAO 🦞
From ivangbi | ngmi (🦞,⚙️🧰)
#ivangbi In case you never had an ICO, never sold direct token investors promises about its utility, and never sold liquid or OTC personal / company tokens while putting out messages that value would be accrued - then I guess it can be a full-on memecoin and…
#cryptographicas We both know that this isn’t true for 99% of “utility” projects though every single one sold and hyped token on the promise of upside directly or indirectly LobsterDAO 🦞
From ivangbi | ngmi (🦞,⚙️🧰)
#cryptographicas We both know that this isn’t true for 99% of “utility” projects though every single one sold and hyped token on the promise of upside directly or indirectly LobsterDAO 🦞
#ivangbi Exactly, I was just making a note that a hypothetical scenario like that could work morally, but none of the cases are like that (a pure story). LobsterDAO 🦞