@dwr: Clanker joins Farcaster, protocol fees to buy $CLANKER, team burns

Submit
dwr@dwr

We’re excited to share that Clanker is joining Farcaster! Clanker is the leading launchpad on Base and home to projects like Bankr, Noice, Bracky and more. We’re thrilled to join forces to make it easier for everyone to create and participate in onchain communities. We plan to integrate Clanker more deeply into the app. More on this soon. We have a few updates for the Clanker ecosystem: 1. Starting today, Clanker protocol fees will be used to buy and hold $CLANKER. 2. Clanker v0 through v3.1 collected a portion of protocol fees in ecosystem tokens into a fee vault. The Clanker team burned these tokens earlier today, reducing the circulating supply of each. 3. The Clanker team has also permanently locked roughly 7% of the $CLANKER supply into a one-sided LP to provide additional liquidity, further reducing circulating supply. FAQ in the next cast.

farcaster.xyz

@dwr: Clanker joins Farcaster, protocol fees to buy $CLANKER, team burns

submitted bypedrovilela.eth2,2451y
1
Read original article
AI summary of the linked article

Clanker, a launchpad on Base, is joining Farcaster, with the Clanker team announcing that protocol fees will now be used to buy and hold $CLANKER. The announcement says Clanker is home to projects like Bankr, Noice and Bracky, and that the companies plan to integrate Clanker more deeply into the Farcaster app. The team also burned ecosystem tokens that Clanker v0 through v3.1 had collected in a fee vault, and permanently locked roughly 7% of the $CLANKER supply into a one-sided LP, both steps reducing circulating supply.

1 comment
avatar
tim· 1 year ago
Ah man to be honest, after the whole Rainbow drama one could have easily loaded up on Clanker to sell it in case of a later acquisition. I ofc didn't have that idea
Top stories that week →