# Seed Club | onchain use cases in the wild tn queen?

Source: https://paragraph.xyz/@seedclubhq/seedclub-network-news-sept-11-2024
Kiwi News: https://news.kiwistand.com/stories/Seed-Club-or-onchain-use-cases-in-the-wild-tn-queen?index=0x66e1ccc935222bf2190590ce2981dcb21dfdd569b4c659da49d7b5fac2b3ee0cb8bb6b37
Submitted by misha on 2024-09-11 UTC, 1 upvote, 0 comments

## Summary

Seed Club's weekly consumer crypto newsletter, written by "c," covers product launches, a Baseline Markets token-buyback mechanism, and the Ethervista DEX, along with commentary on "being early." The roundup reports that the Zora app opened to all users, FriendTech's team revoked control of its contracts to a burn address while saying it has no plans to shut down the app, and EtherFi plans a Visa cash card on the Scroll network offering 3% cash-back. Baseline Markets, whose team previously contributed to Olympus and Yearn, uses an "Afterburner" that fires every 15 minutes to buy back and burn tokens with 2 to 5% of the accumulated balance. The newsletter says Ethervista's VISTA token surged over 40x and has seen about $409K in volume since launch.

## Article

g'day,

to be a woman is to perform and lately i've taken the art of performance to another level. in order to elevate and inspire my audience, i have actually incorporated my art into my everyday life. this is something that not even satoshi could do.

all this considered, you know i work myself into a frothy lather every time i see a blockchain use case in the wild. so with all the terrible vibes on the timeline, i've decided to take my existential confusion to video format and start documenting (creating art) around 1) the builders that stay building and 2) cool experiences that traverse the irl and onchain world. starting with my Court Date last weekend.

enjoy a week in consumer crypto below

xx c

Zora App is now open to all. With it you can, double tap to mint, earn when others mint your posts and more, find and follow friends, and easily cash out your earnings. No app switching, pop-ups, or signing required!! US users of Paypal and Venmo can now enter ENS names to send crypto, eliminating the need to copy and paste wallet addresses. a16z unveiled their new cohort of crypto startups. Solana Breakpoint kicks off next week in Singapore.

FriendTech team revoked control over contracts to a burn address, but claims they have no plans to shutter or discontinue the friend tech web app.. Fantom’s rebranded chain Sonic Labs launched its testnet. EtherFi is going to launch a Visa 'Cash' Card on the Scroll network, and will reward 3% cash-back and let users borrow money against their crypto collateral. mmERCH is launching a collab with Christie's, Swarovski, Seedphrase, and Claire Silver. Layer3 announced Launchpad, giving users access to exclusive token launches, ecosystem campaigns, and airdrops. Orb now supports mintable, playable video content from Zora and Pods directly to your in-app feed (thanks to Decent!) DIMO announced a new partnership with Daylight Energy, a unison of two highly aligned DePIN projects that will soon enable every electric vehicle (EV) to connect to the Daylight network.

Last week's episode kicked off with Boo from Baseline Markets. Their team were previously contributors to Olympus and Yearn and we've been hearing about more and more projects planning to use baseline to launch their tokens.

The general idea is that tokens are broken today, whether it be poor token design, manipulative market makers, or whatever else. Baseline wants to create better token distribution and is doing that by guaranteeing liquidity to buy back the entire circulating supply at the baseline value (BLV). Profits from market making go to increasing this value, ensuring BLV is up only. Liquidity management is built-in to respond to all market conditions.

The @BaselineMarkets x @MachidotXYZ launch has gone flawlessly

Wanted to congratulate the team for being bold in an environment where teams are copying each other, afraid to take risks, just doing whatever worked for the last project

- They collaborated with machi even though…

You might be wondering how Baseline uses fees accumulated from the system to buy back and burn the token. This works through the Afterburner which is basically a a leveraged buy back and burn built into the system that fires randomly every 15 minutes. The chance of firing is 1-99 and every time it doesn't fire, the chance of firing on the next count down increases. It fires 2~5% of the total amount in the afterburner. So if there is $1m in there now, next time it fires, the system will take 200k, borrow against the floor, buy tokens, borrow, buy, borrow, until it cant, and burn all the supply.

Their core insight is that if you fully automate liquidity management, have a baked-in credit facility, and focus fees from trading / borrowing to increasing a floor price for the token, you can provide holders with meaningful price guarantees and drive more sustainable price growth over time from growing attention. We'll keep an eye on this over the next few weeks to see how this works out!

Ethervista, the newly launched DEX and token launcher for Eth and L2s, made some people on the timeline go feral when the VISTA token surged over 40x. The no-code token launchpad and creator fee system aims to prevent quick rug pulls, and has seen ~$409K in volume traded since its launch. The AMM has a few tweaks on the Uniswap model, namely fees for swapped tokens being priced in ETH and distributed to both liquidity providers and token creators, as well as some deeper pool customization options. There’s also a 5 day liquidity lock-up period on new pool creations to try and disincentivize ruggers. Poeple are calling it pump on ethereum which we don't get because this feels like way more of a defi product than it does a social memecoin product but ill let people enjoy things.

The Official Ethervista Whitepaper

THE NEMESIS GUIDE TO BEING EARLY

We have all known people who are chronically early, born with some sort of time signature distortion. These people receive zeitgeist signals much earlier than everyone else. They are certain artists and writers, music people, roommates, otakus, traders. Those who are truly early are cursed: "may you live in interesting times," the saying goes, and these people are chronically interested in things.

https://nemesisglobal.substack.com

This was a fun read and has some interesting provocations for brands, narrative, and novelty.

It dives into the cultural and financial significance of "being early." Initially, being early was about discovering niche trends before they went mainstream, offering social clout but no financial rewards. However, with the rise of crypto, earliness became financialized. As the trend accelerates, it undermines itself. Brands increasingly rely on earliness to market their products, but with diminishing returns.

In crypto many use the mental model of the tech hype cycle, but the reality is more like the fashion cycle below, with its shepard’s tone-like dynamics, in which each new thing is supplanted by another new thing, and no linear pattern emerges. Things very rarely reach the plateau of productivity, more often falling straight to Hades through the trough of disillusionment. No one seems to follow up on the hyped project of yesterday.

Some brands give their audiences STATUS, others provide UTILITY (which includes financial gain), some provide ENTERTAINMENT, and more and more, a (PARA)SOCIAL offering is at play: this brand brings me together with others, it's something I want to be a part of. Successful brands will occupy more than one of these categories at once. Upstarts will migrate from providing utility to status or a social bond. Early as a service is arguably all of the above.

Catch up with more consumer crypto updates by watching last week's episode:

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internet explorers every friday, live n online. this week with PuffPaw

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also hit us up if you'll be at breakpoint or token2049 !!!

Overheard on Crypto Twitter

oh hell nah the market is worse than I thought

brand new attempt to explain what @seedclubhq actually does just dropped - by @joshcrnls

Seed Club is a participant-owned venture network. It’s a bet that doing venture capital from the first principles of a network instead of the first principles of a firm will create…

As a public company CEO, right before you do a video interview, you have a choice to make, and it’s a hard one. You can either do cocaine, or not do cocaine. Brian seems to consistently choose the former

.@bchesky on how being in the details paradoxically creates less work for him

we were all incredibly touched by your dj set

Code is losing leverage while lore & narrative are gaining

Revenge of the nerds is becoming revenge of the wordcels

The “revenge of the nerds” macro is collapsing very hard if you really pay attention

My ducks may not be in a row, but at least they're having fun. Your ducks probably hate you for making them line up like that.

era of app networks--

taking lessons from aol & app store, crypto is finally at a place where apps should curate the networks. embedded wallets give ease on login and access to a portal of apps, now "marketplaces" should curate experiences for consumers. not the blockchains.

come with me to check out @bemycourtdate's popup in the LES

they released their Oncourt Hardware apparel collection, i earned points onchain, and everyone enjoyed