๐ต $FLAY liquidity has been added to Base! ๐
$FLAY is now also available to trade on Base, where Flaunch will deploy.
CA: 0xF1A7000000950C7ad8Aff13118Bb7aB561A448ee
๐งฉ Reshaping Trading Dynamics and Liquidity Provision
In this edition of Builder Stories: @0xCaps on his journey from professional poker to building on Uniswap v4 with @flaunchgg.
Read the interview โ
https://t.co/Ci8N0fNsl0
@funghibull@chonksxyz That's super cool. They've got hella followers too. Love projects like this that expand the usecase of NFTs.
Congrats for landing them bro!
Ya.. Personally I'm still of the opinion that the best option is for LPs to just be able to profit from airdrop in the tokenized floor they are LPing (or even ETH), and let market do its thing
E.g. if people expect PENGU drop to be worth $100k per pudgy, then ppl looking to cycle will likely pay $90k/nft to be first to cycle a pool (or a single NFT from the pool). The LP, who is in it for the profit anyway, gets a massive windfall the day of the airdrop.
A lot of these LPs may be crypto whales that only check their wallets every month or so. Chances are they'll be happier with massive profits in ETH or tokenized floor anyway, than keeping up with airdrop news and claiming 30+ days later when price may have dropped.
Ppl that are in it for the NFTs and airdrops probably not the type to be longterm LPs in the first place. Just my own two cents though
@0xWave@CryptoGarga Yes, 100% the best way is for NFT teams to just support LPs ๐
AIs would be dope, but would still be a race with high gas if airdropped isn't announced in advanced. If it is announced wouldn't be so bad.. AI would just pull liquidity, claim, and LP again
So, long story short I'm not part of core Flayer team (stepped back and just advisor/big-investor now)
I always had designs for how to monetize airdrop harvesting but they were pretty complex and team was not fully onboard. I sincerely hope flayer team is thinking about this and looking to integrate such designs (especially since Flayer will be launching on base)
It's a complex problem once u get into it. My solutions were:
1) dynamic LP fees that shoot up quickly during periods of very high cycling demand
2) ability for harvesters to bid ahead of a time for a block range to get first right to cycling
Imo, almost impossible to allow LPs to collect airdrops themselves but very possible to monetize so that LPs get most of the financial benefits from an airdrop
@0xWave@CryptoGarga The main thing is that for any of this to work there has to be a pretty liquid floor NFT pool. NFTX always struggled to get that for BAYC
@0xWave@CryptoGarga This is actually similar to how NFTX v3 works (now being recreated as Flayer). Sell into floor pool but there is an auction period where a premium price can be attained. Just needs to be a second level protocol for using those floor tokens to build attribute-specific stuff
@0xWave Ahah ya it's definitely a question that could go either way. I appreciate your thoughts
Personally I just accumulate floor mutants and assume I can trade those in eventually for a dope ape or two if I want :)
You make good points