This week on LFOwn:
85 tokens launched by 35 wallets
3 graduated to DAMM v2
$133k of volume across 1,695 trades
$394 paid out to holders
Every one of them paired with an ownership coin.
https://t.co/E4CLgb05nm
MonkeDAO has spent years building one of Solana’s most durable communities. Monke Foundry extends that work to the next generation of founders.
We’re excited to put productive dollars behind both.
$350,000 into USDv marks the beginning of what we plan to build together.
1/ Up to $6.83M of the $32.25M held across ownership coin treasuries could convert into @Solomon_Labs USDv, equal to ~21% of total treasury value across the MetaDAO ecosystem.
Solomon was first to begin converting treasury assets into USDv. In April, it received approval to move $4.5M into a Company Treasury Vault. Today that vault holds $3.90M USDC and $250K USDv.
@MetaDAOProject followed in August with $2M USDC approved for conversion, although only ~$1K has been converted so far.
Now Umbra, Credible and Omnipair are trading decision markets to convert another $680K.
Its pretty neat to see the USDv and @solomon_labs thesis play out as more teams convert their treasuries.
Don't let your company's treasury sit idle, make it an asset, make it work for you.
More to come 👀
Launched on @futarddotio, @LFOWNDOTFUN was an idea first posted on @JustSparkIdeas and then built as an ownership coin by founders @Mathis_btc and @Ewan_btc, after 28 backers committed $31.7K against a $10K target.
The memecoin launchpad is built around pairing memes with value-accruing assets, in this case the @MetaDAOProject ecosystem. Launching a meme requires buying the underlying ownership coin, while every trade routes a 2.5% fee back to the creator and the LFOWN DAO.
LFOwn has since launched 105 coins, with 4 graduating and ~$2K in fees reaching the DAO. Those fees are paid in ownership coins rather than USDC, with the launchpad using the 01Resolved API to track the value of its growing treasury.
The LFOWN token has generated nearly $2M in trading volume over the last 24 hours.