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✍1❤1
I asked an AI: "how did andre cronje get pmf with yearn, and how would that be parabolic on memecoins, like what's the value here: https://www.onlykings.fun/docs"
he said:
WHAT ONLYKINGS ACTUALLY IS (AND WHY DEGENS KEEP COMPARING IT TO YEARN)
onlykings.fun/docs is a PRE-LAUNCH Solana protocol. not a yearn fork. not andre cronje. they yoinked the MIT-licensed july 2020 yearn frontend so it LOOKS like old iearn. they say it out loud: independent of yearn, curve, raydium, and the token issuers.
THE PRODUCT
pots / collections = up to 8 tokens, same decimals, shared vaults, reference rates.
intra-pot path = stableswap (curve-style), NOT constant product.
fees inside the pot = base fee divided by collection divisor, floor 1 ppm. that means cheap like-for-like rotation.
ordinary CPMM + CLMM pairs still exist vs a quote token.
rebalance only allowed if it IMPROVES alignment to target rates.
gauges = lock, vote, point epoch fees. curve-wars shape.
treasury recycle = skim quote, fund gauges + POL, buy protocol token, dump LP back into treasury.
LAUNCH POTS
SOL + LSTs.
stables.
a "non-mayhem" pump.fun memecoin pot.
deployment rent is about 17.06 SOL, paid from pump.fun CREATOR FEES on the onlykings token itself.
CA: W5R4szoWgR19hSJ7m4s1cW2sLHFGjcGYo41ePUVpump
pools are NOT LIVE yet.
docs are actually math-heavy for a .fun site, which is the tell.
they also say the quiet part: a 1:1 reference rate is NOT a redemption guarantee. curve impact, fees, rounding. quote from the docs: "volatile meme tokens do not become equal-value dollars by joining a pot."
----------------------------------------
HOW THE YEARN LOOP MAPS ONTO MEMECOINS
----------------------------------------
yearn had many similar yield sources (stable lending). memes have many similar high-churn coins in a narrative cluster.
yearn switching was expensive because of gas and time. meme switching IS the game: rotate bags through SOL and eat slippage twice.
yearn answer was one vault that auto-rebalances. meme answer is one pot with cheap intra-pot stableswap.
yearn flywheel: more users -> more rebalances -> better yield. meme flywheel: more coins in the pot -> more internal routes -> the pot becomes the rotation venue.
yearn gave YFI to people who already LPed. onlykings wants a protocol token + gauges for whoever provides the basket and votes fees.
yearn fees from deposits funded the team. onlykings wants creator fees + swap fees + treasury recycle to fund POL and gauges.
THE PARABOLIC CLAIM IS NOT "MEMES EARN YIELD."
the claim is this:
ROTATION IS THE PRODUCT.
degens don't want one bag. they want dying coin A into living coin B without two hops through SOL. a discounted intra-pot path is a real UX cut IF the basket stays coherent.
SHARED LIQUIDITY BEATS N ISOLATED PUMP.FUN CURVES.
eight related coins in one vault can intermediate flow that otherwise fragments. if the pot becomes default routing for a cluster, volume concentrates.
LISTING DEMAND.
every new "non-mayhem" coin wants into the pot the way every farm wanted into yearn/curve. that's a distribution channel, not just an AMM.
GAUGES ON MEME VOLUME.
curve wars went parabolic because DIRECTING FEES became the game. if meme volume is large and short-lived, vote-bribes + protocol token buybacks from treasury recycle can print a reflexive loop very fast. and unwind just as fast.
BOOTSTRAP RHYME.
cronje self-funded with zero founder alloc. onlykings funds deployment rent from creator fees on its own pump.fun coin. same aesthetic: no VC raise, protocol paid for by usage of the launch vehicle. narrative travels in this market.
that's the value IF you believe memecoin rotation is a persistent flow, not a one-week casino, AND if a stableswap basket of violently uncorrelated junk doesn't nuke LPs.
----------------------------------------
WHAT THE VALUE ACTUALLY IS
----------------------------------------
he said:
WHAT ONLYKINGS ACTUALLY IS (AND WHY DEGENS KEEP COMPARING IT TO YEARN)
onlykings.fun/docs is a PRE-LAUNCH Solana protocol. not a yearn fork. not andre cronje. they yoinked the MIT-licensed july 2020 yearn frontend so it LOOKS like old iearn. they say it out loud: independent of yearn, curve, raydium, and the token issuers.
THE PRODUCT
pots / collections = up to 8 tokens, same decimals, shared vaults, reference rates.
intra-pot path = stableswap (curve-style), NOT constant product.
fees inside the pot = base fee divided by collection divisor, floor 1 ppm. that means cheap like-for-like rotation.
ordinary CPMM + CLMM pairs still exist vs a quote token.
rebalance only allowed if it IMPROVES alignment to target rates.
gauges = lock, vote, point epoch fees. curve-wars shape.
treasury recycle = skim quote, fund gauges + POL, buy protocol token, dump LP back into treasury.
LAUNCH POTS
SOL + LSTs.
stables.
a "non-mayhem" pump.fun memecoin pot.
deployment rent is about 17.06 SOL, paid from pump.fun CREATOR FEES on the onlykings token itself.
CA: W5R4szoWgR19hSJ7m4s1cW2sLHFGjcGYo41ePUVpump
pools are NOT LIVE yet.
docs are actually math-heavy for a .fun site, which is the tell.
they also say the quiet part: a 1:1 reference rate is NOT a redemption guarantee. curve impact, fees, rounding. quote from the docs: "volatile meme tokens do not become equal-value dollars by joining a pot."
----------------------------------------
HOW THE YEARN LOOP MAPS ONTO MEMECOINS
----------------------------------------
yearn had many similar yield sources (stable lending). memes have many similar high-churn coins in a narrative cluster.
yearn switching was expensive because of gas and time. meme switching IS the game: rotate bags through SOL and eat slippage twice.
yearn answer was one vault that auto-rebalances. meme answer is one pot with cheap intra-pot stableswap.
yearn flywheel: more users -> more rebalances -> better yield. meme flywheel: more coins in the pot -> more internal routes -> the pot becomes the rotation venue.
yearn gave YFI to people who already LPed. onlykings wants a protocol token + gauges for whoever provides the basket and votes fees.
yearn fees from deposits funded the team. onlykings wants creator fees + swap fees + treasury recycle to fund POL and gauges.
THE PARABOLIC CLAIM IS NOT "MEMES EARN YIELD."
the claim is this:
ROTATION IS THE PRODUCT.
degens don't want one bag. they want dying coin A into living coin B without two hops through SOL. a discounted intra-pot path is a real UX cut IF the basket stays coherent.
SHARED LIQUIDITY BEATS N ISOLATED PUMP.FUN CURVES.
eight related coins in one vault can intermediate flow that otherwise fragments. if the pot becomes default routing for a cluster, volume concentrates.
LISTING DEMAND.
every new "non-mayhem" coin wants into the pot the way every farm wanted into yearn/curve. that's a distribution channel, not just an AMM.
GAUGES ON MEME VOLUME.
curve wars went parabolic because DIRECTING FEES became the game. if meme volume is large and short-lived, vote-bribes + protocol token buybacks from treasury recycle can print a reflexive loop very fast. and unwind just as fast.
BOOTSTRAP RHYME.
cronje self-funded with zero founder alloc. onlykings funds deployment rent from creator fees on its own pump.fun coin. same aesthetic: no VC raise, protocol paid for by usage of the launch vehicle. narrative travels in this market.
that's the value IF you believe memecoin rotation is a persistent flow, not a one-week casino, AND if a stableswap basket of violently uncorrelated junk doesn't nuke LPs.
----------------------------------------
WHAT THE VALUE ACTUALLY IS
----------------------------------------
REAL
concrete primitive: category AMM + cheap internal swaps + gauges + POL recycle, documented with integer math instead of vibes.
clean problem statement: "like tokens, one pot." put one in, take another out at the pot's rate.
cronje-shaped GTM: ship the tool, fund it from activity, token for users of the thing, steal yearn UX so it FEELS like serious defi.
if even ONE pot works (stables or LST, not just memes) the protocol has a reason to exist independent of the ticker.
NOT REAL / NOT PROVEN
yearn PMF was "best yield on stables, automated." memecoins have NO shared peg. docs admit this. a pot of pump.fun names is a volatile index / routing layer, not yCRV. IL and failed rebalances are the DEFAULT, not the edge case.
the token is still a pump.fun coin funding about 17 SOL of program rent. tiny circular bootstrap. not yearn's pre-token TVL plus a fair farm into power users.
"non-mayhem" is a social filter, not a risk model. who decides membership, who sets reference rates, what happens when one member goes to zero — THAT is the product, and it is not live.
UI homage is not lineage. borrowing the 2020 yearn frontend is branding and muscle memory, not andre shipping vaults.
HONEST READ
cronje got PMF by encoding a job he already did, then giving the people who did that job the token.
onlykings is asking whether the job "rotate similar memes without routing through SOL" is big enough, and whether curve-style math + gauges can sit on pump.fun chaos without becoming another wrapped casino.
UPSIDE: routing + gauge layer for meme clusters. curve wars with worse assets and faster volume.
BASE: nicely documented pre-launch AMM whose token is trading the STORY of that AMM.
until pots are live with real intra-pot volume, the yearn comparison is a design thesis, not a completed flywheel.
NFA. DYOR. pots aren't live. memes aren't stables. 1:1 is not a promise.
```
dunno if he's right, guess we'll find out
concrete primitive: category AMM + cheap internal swaps + gauges + POL recycle, documented with integer math instead of vibes.
clean problem statement: "like tokens, one pot." put one in, take another out at the pot's rate.
cronje-shaped GTM: ship the tool, fund it from activity, token for users of the thing, steal yearn UX so it FEELS like serious defi.
if even ONE pot works (stables or LST, not just memes) the protocol has a reason to exist independent of the ticker.
NOT REAL / NOT PROVEN
yearn PMF was "best yield on stables, automated." memecoins have NO shared peg. docs admit this. a pot of pump.fun names is a volatile index / routing layer, not yCRV. IL and failed rebalances are the DEFAULT, not the edge case.
the token is still a pump.fun coin funding about 17 SOL of program rent. tiny circular bootstrap. not yearn's pre-token TVL plus a fair farm into power users.
"non-mayhem" is a social filter, not a risk model. who decides membership, who sets reference rates, what happens when one member goes to zero — THAT is the product, and it is not live.
UI homage is not lineage. borrowing the 2020 yearn frontend is branding and muscle memory, not andre shipping vaults.
HONEST READ
cronje got PMF by encoding a job he already did, then giving the people who did that job the token.
onlykings is asking whether the job "rotate similar memes without routing through SOL" is big enough, and whether curve-style math + gauges can sit on pump.fun chaos without becoming another wrapped casino.
UPSIDE: routing + gauge layer for meme clusters. curve wars with worse assets and faster volume.
BASE: nicely documented pre-launch AMM whose token is trading the STORY of that AMM.
until pots are live with real intra-pot volume, the yearn comparison is a design thesis, not a completed flywheel.
NFA. DYOR. pots aren't live. memes aren't stables. 1:1 is not a promise.
```
dunno if he's right, guess we'll find out
www.onlykings.fun
OnlyKings.fun — Maths, fees & protocol
Melting pots for like tokens on Solana. Preview the pots, read the maths, and follow the creator-fee-funded launch.
thought it would be a group?! think again. buy W5R4szoWgR19hSJ7m4s1cW2sLHFGjcGYo41ePUVpump
❤1