We’re pushing LP reward top-ups directly to all retail traders who LP'd in Kumbaya during the MEGA TGE. Funds start flowing early next week.
If anything looks off or your wallet has changed, ping @ronnie_kby and he'll handle it manually.
Sharing an update to all our friends:
TLDR; Any retail LPs who overpaid yesterday compared to Uniswap will be refunded the difference.
Kumbaya has two goals.
1) To be the most fun place to launch a token
2) To create a good experience for retail LPs on Mega
People buying, selling, or swapping tokens since the launch of Kumbaya have always paid the same fees as on Uniswap, and will continue to do so.
Our initial intention was to use a 50% protocol fee on LPs to support the Mega ecosystem. From listening to feedback yesterday, it’s clear people are not happy with paying more fees than comparable DEXs, regardless of how the money is used.
We’ve listened to the community feedback! This morning, protocol fees have been changed to match Uniswap on all pools.
Updated fees are reflected in our docs at: https://t.co/qysMECMkWs
Any retail LPs who overpaid yesterday compared to Uniswap will be refunded the difference. The team is running the calculations and making more announcements soon.
Peace and love.
Kumbaya.
@natsioeth@kumbaya_xyz Token you bought was a honeypot as i stated in the group. Our search bar says it is unknown token, which means it is not a launch on Kumbaya launchpad, contract doesn't end with neither 420/069/888, and when you scan it on bots it shows that it is honeypot.
@natsioeth@kumbaya_xyz Token you bought was a honeypot as i stated in the group. Our search bar says it is unknown token, which means it is not a launch on Kumbaya launchpad, contract doesn't end with neither 420/069/888, and when you scan it on bots it shows that it is honeypot.
We've heard today's feedback on Kumbaya's LP fee mechanics.
Updated documentation along with more details on Kumbaya's fee structure is coming tomorrow.