Treasury & Buyback Update:
Over the last 30 days, the Graphite ecosystem has generated over $2.2M in revenue, continuing to grow market share and strengthen the platform. While automated buybacks are still being finalized following recent upgrades, the treasury has remained active. At current market levels, which we believe doesn't reflect the current reality of the business,
Recently the team has purchased 600,000 $GP OTC from whales who wanted out of the project at an average price of $0.32/$GP.
Today, Graphite holds approximately:
1. More liquid cash than current circulating marketcap which can be used to fuel growth and make sure we can survive for years to come.
2. Millions more in GP tokens accumulated via buybacks
3. A rapidly growing revenue base driven by platform adoption
Our priority remains long-term value creation: reinvesting profits intelligently, strengthening the treasury, increasing GP ownership of the ecosystem, and continuing buybacks as systems finalize.
We are encouraged by the platform's performance and believe current market does not reflect the fundamentals.
Updates on automated buybacks and treasury initiatives will be shared as the new systems go live.
— Graphite Protocol Team
$gp just ran 70% after wlfi announced adding $spsc to their meme reserves. first of several catalysts that will inevitably spark a bonk fun season 2.
felt everyone needed the reminder that $gp own 38% of bonk fun revenue and is the LARGEST beneficiary in the ecosystem.
feels like a perfect storm brewing, 6 months of restructuring complete, chess pieces are moving, and NOBODY is paying attention.
bonk fun has been hammered into the ground, @SolportTom (verifiably one of the most relentless builders in crypto) + team have been cooking quietly with @worldlibertyfi backing + 20m treasury, yet price is still 15x below ath.
the more i dig into this, the larger the bull case grows.
some key developments:
+ 70% reduction in $gp emissions, shifting focus to revenue and buybacks (previous crutch for gp holders)
+ exclusive partnership with wlfi as the sole token distributor for usd1 ecosystem on solana
+ @GraphiteProto just announced their focus on strategic acquisitions to drive (yet again) more revenue & buybacks. dao vote currently live for gp to lead @AdrenaProtocol (solana perp dex)
+ @worldlibertyfi getting active on tl, already clipping 6 figs into bonk/usd1 memes. wlfi app in final testing phase, likely listing these same pairs.
+ 6 months worth of strategy and development about to deploy.
broader market tailwinds:
+ memes back in meta with rising ceilings
+ $pump sentiment relatively low
+ macro bottomed (?)
after the disrespect put on toms name, you really think after 6 months of building in silence he's not about to come back swinging?
these are the first major catalysts one after half a year of development and strategic partnerships. if you remember when @bonkfun had their time in the sun, they were easily the fastest paced and most communicative team in the entire space.
huge set up imo. confident bet on $gp being the most undervalued revenue/buy back plays right now.
Been working a lot with the @GraphiteProto team lately on basically starting from scratch and rebuilding each fundamental little by little.
Graphite is an operational provider for @bonkfun, @LiveBonk as well as in partnership with @MeteoraAG and quite a few other big teams on Solana, spent the last 4 years working primarily behind the scenes with on all aspects in crypto.
With the breakout of @bonkfun, Graphite stepped into the light but to really run it back there was quite a lot of fundamental fixes that needed to be put into place.
Over the last week we’ve done the following :
1. Emissions are tied to revenue, meaning that there’s no dilution to holders of $GP anymore.
2. We’ve hired a new COO focused on the exclusively on the token side while I work with our partners at @worldlibertyfi, @bonk_inu, @Raydium on the next steps for @bonkfun.
3. Relaunched @LiveBonk with two confirmed ICM launches that have direct benefits to $GP holders ( more to come soon on that soon.) Also have quite a few teams interested in launching to end out the year which is exciting.
4. Been reaching out to DeFi protocols, and key infrastructure providers for integration and listing.
And more things that are too small to mention.
I’ll be working closely with our new COO on rebuilding the token, but I’m excited to have someone capable and focused only on making sure Graphite can grow. 🫡
Little update on the @GraphiteProto side we’ve been utilising our treasury to defend key strategic levels.
One of our first deployments is that we’ve placed a $1m USDC 1 bin buy side only LP pool between the $0.79-0.80c/GP.
We have built a strong war chest from business revenues over the past 2 years and have went from a 4 man team to over 20 in the last 7 months. 🫡
Here are some questions we're getting asked:
1. The website figures update every month and we are in the process of updating them.
2. There is still a 1m dollar buy side liquidity pool placed between $0.79 and $0.80 per $GP. This means people would have to sell more than 1m dollars worth of $GP, or around 4% of the circulating supply, to break the range.
3. One month ago we placed a buy back of 12.5k dollars per day on $GP even though revenue was lower. Now that revenue has picked up, the 7.6 percent allocation to $GP buy backs on some days is above 12.5k per day, which means we will swap the difference into $GP. Once the DCA ends this will return to normal.
4. Graphite owns 38% of @bonkfun, not just the 7.6% percent that goes into buy backs. This has been a disputed fact across social media so we are glad we could clarify.
5. There are products in the pipeline we are working on that are not launchpad related. @bonkfun is the priority, but that does not prevent us from building new products.
6. We will contribute more capital in the lower rangers if the current wall breaks utilizing the treasury to secure levels.
The @bonkfun USD1 campaign is off to a great start, with volumes ranging from 40M–100M a day for a full week straight!
We’re excited to be working with @worldlibertyfi to bring the next wave of liquidity on-chain, and we’re grateful for the opportunity to serve as the official USD1 Solana launchpad under the @bonkfun umbrella.
14% of @bonkfun's revenue is now being put toward helping communities win.
We understand the importance of the hardworking communities and the traders using bonk fun. They are the lifeblood of our ecosystem, and with this change we will cement ourselves as the people's launchpad. 🫡
@Palgrani2 don’t think we’ve even seen anything close to what it will be in the next few months yet. A 20billion company fighting to gain marketshare of a 400billion usd industry and they chose the trenches as a growth strategy for adoption.
Dk how anyone can be bearish on that
Daily USD1 Reward Claims 🦅☝️
Traders receive up to 60% of BONKfun bonding curve fees in USD1 every 24 hours on both the Raydium and BONKfun UI
Get in the trenches and claim your share of the millions in USD1 Rewards up for grabs
HUGE NEWS FOR THE TRENCHES
You can NOW earn millions in rewards trading USD1 pairs on Bonkfun
Eligible participants can earn from:
- Bonding curve trading volume
- Launching USD1-paired tokens
- Activity on the WLFI wallet app (soon)
Traders will get up to 60% and creators up to 15% cash back on fees generated.
You can trade USD1 pairs directly on Bonkfun + Raydium UIs, or through third-party bots integrated with them.
Claims are available every 24 hours via Bonkfun UI, Bonkfun-integrated platforms, and soon in the WLFI app.
This time it’s the trenchers getting rewarded, not devs farming their own communities. Bonkfun is healing the trenches.
Just a heads up, Kick integration as well as USD1 is not currenly live/active.
We're excited to roll out both at the same time as part of BONKFUN 2.0 and explain exactly in detail how they work and when they're going live, atm just waiting on compliance to give us the go ahead.
Stay safu out there.
Happy to share that we’re integrating Kick directly into BONKfun as our main streaming client.
This opens up an exciting door to mainstream connections and marks what we believe is the first real step long term toward making crypto more popular.
Huge shoutout to @StakeEddie & team for their responsiveness and help the past few months.
The more bridges we build the better for our industry and on chain as a whole, this is something we've put a huge emphasis on the past 3 months.
We’ll be working hard to connect with big creators and explore ways to bridge the gap between crypto and the mainstream.
We’re proud to announce that we've partnered with @worldlibertyfi to become the official USD1 launchpad on Solana.
We’re excited to work alongside WLFI and their team to bring the next wave of users onto Solana!
More details on go-live and what this partnership means will be shared soon.
There's been a lot of questions asked about how we utilize the $GP tresuary to ensure the companies long term success.
Today we're happy to announce that we have placed $1m USDC from the treasury to buy $GP at @ 0.80C.